Fellowships are structured to provide significant work experiences, and fellows are often expected to take on a great deal of responsibility quickly. Generally, fellows are provided with unique experiences that are not typically available to someone starting out in an entry-level position. This experiential learning component varies depending upon the fellowship program.
Ramalingaswamy Re-entry Fellowship
Welcoming Indian scientists working abroad back to our institutions..
TATA Innovation Fellowships
Promotes innovations towards path-breaking solutions for major challenges..
TWAS fellowships
For doctorate & post-doctorate students from developing countries at Indian institutions..
Cutting-Edge Research Enhancement and Scientific Training (CREST) Award
Granted to biotech researchers for advanced scientific training abroad..
Wellcome Trust/DBT India Alliance
Building excellence among Indian bio-medical scientists by supporting future leaders..
More at http://www.dbtindia.nic.in/funding-mechanism/fellowships-for-scientists/
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Indian scholars can also keep an eye on this http://www.dbtindia.nic.in/out-reach/latest-announcements/ for upcoming annoucement.