PM-Yasasvi Scheme

PM-Yasasvi Scheme

News: Recently, under the PM Young Achievers Scholarship Award Scheme for Vibrant India, the government has recently released Rs 32.44 Crore for Pre-matric Scholarship and Rs 387.27 Crore for Post-Matric Scholarship to States/UTs.

What is the PM-Yasasvi scheme?
• PM YASASVI is a scholarship scheme for Other Backward Class (OBCs), Economically Backward Class (EBC) and Denotified Nomadic Tribes (DNT) Students
• It falls under the Ministry of Social Justice and Empowerment, Government of India.
• It seeks to provide financial assistance to the OBC, EBC and DNT students studying at post-matriculation or post-secondary stage to help them complete their education.

What are the eligibility criteria?
• Applicant students must be a permanent resident of India to get benefits under the PM Yashasvi Scheme.
• Candidate students should belong to any one of OBC, EBC, DNT SAR, NT or SNT community.
• Students studying in class 9 or class 11 will be considered eligible to get this scholarship.
• The family annual income of the applicant students should be maximum 2.5 lakh rupees to get this scholarship.
• Students of all genders will be eligible to get the benefits under PM Yashasvi Scheme 2023.

What are the benefits available?
• An amount of Rs 125,000 per year is provided to the students of class 11th as financial assistance and;
• Financial assistance of Rs 75,000 per year is provided to the eligible students of class IX in the form of scholarship.
• To avail the benefits of this scheme, the candidate students have to pass the computer based entrance test. National Testing Agency has been entrusted with the responsibility of conducting the entrance test.

Sub-components of the scheme:
• Pre-Matric Scholarship for OBC, EBC and DNT Students
• Post-Matric Scholarship for OBC, EBC and DNT Students
• Top Class School Education for OBC, EBC and DNT Students
• Top Class College Education for OBC, EBC and DNT Students
• Construction of Hostel for OBC Boys and Girls