Does Vignan University have a reimbursement option or not?

It does have a reimbursement option if you have a good EAMCET rank, only then will you be given the opportunity to avail it. My cousin was allowed fee reimbursement. This is how it works:

Also, if you're bright enough and are among the top 5% in your department, then you will be granted an opportunity to avail scholarship from the university as well. Keep yourself updated by checking the official website, to know the changes in fee reimbursement and the scholarship granting Processes.