The 2001 Scottish Challenge Cup Final was played on 14 October 2001, at Broadwood Stadium in Cumbernauld and was the 11th staging of the final in the history of the tournament. It was played between Airdrieonians and Alloa Athletic of the First and Second Divisions respectively. Airdrieonians emerged winners after defeating Alloa Athletic 2–1 to win the tournament for the second consecutive year, also being Airdrieonians last honour before going into liquidation in 2002.