A friend told me that a college is giving 1 lakh study grant if one gets admission in any NIT or IIT. Which college is that?

Your friend is likely referring to the Study Grant offered by Lovely Professional University (LPU). Under this initiative, LPU provides a study grant of 1 Lacs per student to those who qualify the LPUNEST exam and secure admission to prestigious institutions such as IITs, NITs, IIMs, NLUs, IHMs, NID