Context: Rs 32.44 Crore released for Pre-matric Scholarship and Rs 387.27 Crore released for Post-Matric Scholarship to States/UTs under PM Young Achievers’ Scholarship Award Scheme for a Vibrant India (PM YASASVI).
About PM YASASVI Scheme
- Nodal Ministry: Ministry of Social Justice and Empowerment.
- Type of scheme: Centrally Sponsored Scheme
- Beneficiaries: To award scholarships to eligible candidates belonging to Other Backward Class (OBC), Economically Backward Class (EBC), and De-Notified, Nomadic & Semi Nomadic Tribes(DNT/SNT) categories.
- Scholarships: Ranging from Rs 75,000 to Rs 1,25,000.
- Eligibility: Income from all sources does not exceed Rs.2,50,000/- per annum. Students can avail Pre-Matric Scholarship from Class 9 to 10 and Post Matric Scholarship for their higher studies at post-matriculation or post-secondary stage.
- Benefits: Under this Scheme Students who excel in their studies also get an opportunity of Scholarship to study in Top Class Schools and Colleges. Hostel facilities are also provided to OBC students.
- Selection Procedure: Through a written test called YASASVI ENTRANCE TEST conducted by the National Testing Agency.
Components of the scheme:
- Pre-Matric Scholarship: For students studying in class IX and X on a full-time basis in Government Schools only. The students shall be given a consolidated academic allowance of Rs. 4000/- per annum.
- Post-Matric Scholarship: Scholarship is awarded to students studying at post-matriculation or post-secondary stage to enable them to complete their education. Academic allowance from Rs.5000 to Rs.20000 is awarded to students as per category of course.
- Top Class School Education: The scheme provides premium education to the meritorious students belonging to OBC, EBC and DNT categories by funding their education from Class 9 onwards till they complete Class 12. Scholarship is awarded for tuition fee, hostel fee and other charges as required by the school, subject to a maximum of Rs. 75,000/- per annum per student of class 9 and 10 and Rs. 1,25,000/- per annum per student of class 11 and 12.
- Top Class College Education: To recognize and promote quality education amongst Students belonging to OBC, EBC and DNT categories by providing full financial support. Students, who secure admission in the notified institutions, will be awarded scholarship to meet the requirements for full tuition fee, living expenses to the beneficiary, books and stationery and a latest computer/laptop of reputed brand will be provided during the course.
- Construction of Hostel for OBC Boys and Girls: To provide hostel facilities to students belonging to socially and educationally backward classes, especially from rural areas to enable them to pursue secondary and higher education in the Govt. schools, universities, institutions and institutes located at a reasonable distance in order to provide them greater access to high quality education.