Is there any way to use a stylus with an Android device like Samsung Galaxy Grand Neo or HCL Me U1 Tablets?
Definitely, yes. I can't see any problem using stylus on Android devices. But you need the one for capacitive screen (or "Capacitive stylus", as mentioned by eldarerathis)
As a proof, there is an article that lists some of the best styli for tablet devices.
Disclaimer: I'm not affiliated with the site or its creator. The site is used only as a proof that there are styli for Android tablet.