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PM Young Achievers Scholarship Award Scheme for Vibrant India (YASASVI)


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.

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