No, there is no such scholarship. There are 3 scholarships which are mostly availed by students here-
1- Government Scholarships – NTSE, KVPY(only for MSc) and Inspire scholarship (only for MSc students other than Economics)
2- Merit – Purely based on your CGPA of semester exams, varies according to the rarity. Like, if the best CGPA is 10 and 10 people got it, than they get 90% fee concession. Next 20 people will get 70%. (The stats change every year)
3- Merit cum need – Based on your CGPA and total parental annual income. Last year it was 25% fee off for >6 CG and 40% FOR >8CG.