Scholarship... will i back out or not?

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I'm into a scholarship right now and i am really nervous on the outcome of it. My classmate are so very competent and intelligent, speaks English fluently, confident and knowledgeable on what they are into and it makes me feel so small because i know my level in terms of my intelligence and I am very far away from them. I really wanted to back-out from it, but sense it is a group scholarship, it i backed-out, the group will suffer the consequences. Their are rules before we signed in, and one of it is that rule. The reason why i enter into this program is to reach-out to my fellowmen, to get a free fare, and so on. Yes that is part of the program in our scholarship, but i didn't know that the competition and the things to do or shall i say the assignments they want as to do is not that easy. Do you have this kind of situation or have you been into this? if you do, what are the things that you can share here that made you to overpass all of these?