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The University offers Merit-cum-Means scholarships for deserving students. Scholarships of the value equal to the full tuition-fee is awarded to a maximum of four students every year and is continued till they finish off their studies.
Navrachana University is a private statutory university established in 2009 under the Gujarat Private Universities Act, 2009 (Gujarat Government Gazette, Extraordinary, Volume L, Tuesday, July 7, 2009). In March 2011, it was recognized by the University Grants Commission under the UGC Act, 1956 It is a unitary non-affiliating university and does not receive any grant-in-aid or other financial assistance from the Central or State Government.