PM-YASASVI SCHEME – GOVERNMENT SCHEME
News: Centre
has spent only 1% of this year’s allocations for pre-matric SC scholarships
What's in the news?
● The
PM-YASASVI scheme had only spent slightly more than 2% of its more than 1,500 crore
budget as of December 31, 2022, according to the Parliamentary Standing
Committee on Social Justice and Empowerment.
PM-YASASVI Scheme:
● It
is formulated by the Ministry of Social
Justice and Empowerment (MSJ&E) and known as PM Young achievers
Scholarship Award Scheme for Vibrant India (YASASVI) for award of scholarships
to Other Backward Class (OBC),
Economically Backward Class (EBC)
and Nomadic and Semi-Nomadic Tribes Denotified Tribe (DNT) students.
Criteria:
● The
annual income of whose parents/guardian is not
more than Rs. 2.5 lakhs, studying in identified Schools.
● Selection
of candidates for award of Scholarships under the Scheme is through a written
test known as Yasasvi Entrance Test
(YET) conducted by National Testing Agency (NTA).
Scholarships:
The
award of scholarships is at two levels:
1. For students who are studying in Class IX and X:
● The
Class 9 and Class 10 students will receive Rs. 75,000 annually under this
programme.
2. For students who are studying in Class XI and XII:
● The
Class 11 and Class 12 students will receive Rs. 1, 25,000 annually.