Is it possible to do an MTech from VNIT Nagpur only with a stipend?

It is not possible to manage your M.Tech solely with your stipend.

Given that you score 6.75 CGPA each semester, you’ll be given Rs. 12,400 per month as stipend. The M.Tech tuition fee can be broken down in the following manner-

1. Sem 1- Rs. 52,000 (out of which, around Rs. 5000 is refundable)
2. Sem 2- Rs. 40,100
3. Sem 3- Rs. 40,100
4. Sem 4- Rs. 45,100

You’ll have to pay Rs. 1,77,300 for tuition. If you opt for hostel, its total fee will be around Rs. 1,28,000. You’ll be refunded around 20,000 from this amount. So overall, you’ll be spending Rs. 305,300. In 24 months, you’ll earn around Rs. 2,97,600 (if you take only 30 leaves and do regular biometric as suggested by MHRD). 

If you opt for a hostel, the total fee will be much higher than your stipend. Thus, it won’t be possible to manage without extra financial support.