Yes, you can apply for university studies in Sweden.
You can read more about how to apply here: https://www.universityadmissions.se/intl/start
For more information regarding studies in Sweden in general and scholarship opportunities, please consult https://studyinsweden.se/scholarships
For information on scholarships granted by the Swedish Institute read more here: https://eng.si.se/areas-of-operation/scholarships-and-grants/
Unfortunately the Embassy does not have any funds for scholarships.