Why is it in the news?
- The government has allocated Rs 32.44 Crore for Pre-matric Scholarship and Rs 387.27 Crore for Post-Matric Scholarship to States/UTs under the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM YASASVI).
PM YASASVI About: · It is a Scholarship scheme aimed at benefiting Other Backward Class (OBC), Economically Backward Class (EBC), and De-notified Nomadic Tribes (DNT) Students. · The scheme falls under the purview of the Ministry of Social Justice and Empowerment, Government of India. · Its primary objective is to provide financial assistance to OBC, EBC, and DNT students studying at post-matriculation or post-secondary stages to help them complete their education. Eligibility Criteria: · Applicants must be permanent residents of India. · They should belong to any one of the specified categories: OBC, EBC, De-notified Tribes (DNT), Notified Tribe (NT), or SNT community. · Only students studying in class 9 or class 11 are considered eligible for this scholarship. · The family annual income of the applicant students should not exceed Rs. 2.5 lakh. · Students of all genders are eligible for the benefits under the PM YASASVI Scheme 2023. Benefits: · Eligible class 9 students receive financial assistance of Rs. 75,000 per year in the form of a scholarship. · Class 11 students receive an amount of Rs. 125,000 per year as financial assistance. Selection Process: · Students need to pass a computer-based entrance test to qualify for the scheme’s benefits. · The National Testing Agency is responsible for conducting the YASASVI ENTRANCE TEST. Sub-schemes under PM YASASVI: 1) Pre-Matric Scholarship for OBC, EBC, and DNT Students: · For students studying in class IX and X in Government Schools on a full-time basis. · Students receive a consolidated academic allowance of Rs. 4,000 per annum. 2) Post-Matric Scholarship for OBC, EBC, and DNT Students: · For students studying at post-matriculation or post-secondary stages. · Allowance ranging from Rs. 5,000 to Rs. 20,000 is awarded to students as per the category of the course. 3) Top Class School Education for OBC, EBC, and DNT Students: · Meritorious students belonging to the specified categories from Class 9 onwards till they complete Class 12. · Scholarship is awarded for tuition fee, hostel fee, and other charges subject to a maximum amount per annum per student. 4) Top Class College Education for OBC, EBC, and DNT Students: · For students belonging to the specified categories. · Full financial support, including tuition fee, living expenses, books, and stationeries, etc., is provided. 5) Construction of Hostel for OBC Boys and Girls: · To provide hostel facilities to students belonging to socially and educationally backward classes, particularly from rural areas. · To enable them to pursue secondary and higher education in Government schools, universities, institutions, and institutes located at a reasonable distance. |