Here is a list of scholarships and funding opportunities to pursue higher education abroad.
Department of School Education: http://mhrd.gov.in/Overview_Scholarship_Education
Nehru Memorial Fund: http://jnmf.in/index.html
Commonwealth Scholarship and Fellowship Fund: http://www.csfponline.org/about.html
Erasmus Mundus: http://www.eminte.eu/
Fullbright Foreign Language TA: http://foreign.fulbrightonline.org/
Chevening Scholarship: http://www.chevening.org/