"Sou. Shantadevi D. Patil Merit Scholarship" was initiated by D. Y. Patil Group From the academic year 2022-23. This prestigious award was instituted on the occasion of her 84th birthday, by her sons Dr. Sanjay D. Patil Preident & MLC Mr. Satej D. Patil Vice President D. Y. Patil Group. This ward was for all the students with highest merit in their program.

For the academic year 2023-24 from D Y Patil College of Pharamacy Kolhapur 4 student got selected for Sou. Shantadevi D. Patil Merit Scholarship. these 4 students were eligible for 100% fee waiver.