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PM Young Achievers Scholarship Award Scheme

Context:

A total of ₹32.44 Crore has been released for Pre-matric Scholarships and ₹387.27 Crore for Post-Matric Scholarships to States/Union Territories (UTs) under the PM YASASVI scheme in 2023.

Relevance:

GS II: Government Policies and Interventions

PM Young Achievers Scholarship Award Scheme (PM YASASVI): Empowering Students for Academic Excellence

Scholarship Target Groups:

  • Aimed at students from Other Backward Class (OBC), Economically Backward Class (EBC), and Denotified Nomadic Tribes (DNT) backgrounds.

Scholarship Phases:

  • Covers Pre-Matric Scholarships for Classes 9 to 10 and Post-Matric Scholarships for higher education at the post-matriculation or post-secondary level.

Opportunity for Exceptional Students:

  • Exceptional students can avail scholarships for enrollment in top-tier schools and colleges.

Hostel Facilities for OBC Students:

  • OBC students benefit from hostel facilities provided through a dedicated construction scheme.

Eligibility Criteria:

  • Open to students from OBC, EBC, and DNT categories.
  • Parents or guardians’ annual income should not exceed Rs. 2.50 Lakhs.
  • Applicable to students studying in Class 9 or 11 in Top Class Schools.

Geographical Scope:

  • Scholarships available for studies within India.
  • Awards granted by the Government of the respective State/Union Territory to which the applicant belongs permanently.

Entitlement and Coverage:

  • Up to Rs. 75,000 per annum for Class 9/10.
  • Rs. 1,25,000 per annum for Class 11/12, covering school tuition and hostel fees.

Implementing Agency:

  • Administered by the Department of Social Justice and Empowerment, falling under the purview of the Ministry of Social Justice and Empowerment.

February 2024
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