As the institution has UGC 2f and 12(B) it is supposed to receive UGC funding. As an autonomous institution it is entitled to receive autonomous fund. But financial aid is not given by the UGC for the last two years.
As it is a college, which has 73 years of history some alumni and well wishers established endowment scholarships. The amount accrued as interest annually is awarded to meritorious students in cash or kind.
Scholarships from NannapaneniVenkatrao Memorial Trust to meritorious students.
Scholarships from the Alumni Association to Poor and meritorious students .
LIST OF ENDOWMENT SCHOLARSHIPS
Interest accrued on fixed deposits by alumni as scholarship to the first ranker in a particular subject fixed by the depositor.
Sri Prakasha Rao Memorial scholarship in the form of Gold Medal to the topper in Commerce.
Sri J Manikya Rao Memorial scholarship to ranker in Physics
Pattabhi Rama Rao Memorial scholarship to the ranker in Economics
Sri NannapaneniVenkatrao Memorial scholarship to ranker in Telegu
Sri Nannapaneni Mohan Das Memorial scholarship to the Best NCC Cadet.
Smt Nannapaneni Tripura Sundari scholarship for all rounder
Sri MallajosyulaApparao Memorial scholarship to student for any outstanding performance.
Sri K Kesava Rao Memorial scholarship to the topper in History.
Sro Ph Anantha Rama Ayer Scholarship to the topper in Politics
Smt G S Prakash Sastry Memorial scholarship to topper in Commerce.
Suparna Charities Scholarship to the topper in Botany
Smt Solomon Raju Scholarship to topper in Business Law