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PM Young Achievers Scholarship Award Scheme for Vibrant India

(PM-YASASVI)

The PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI) is an initiative launched by the Ministry of Social Justice and Empowerment aimed at uplifting students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Tribes (DNT). This scheme seeks to provide access to quality education, address financial barriers, and support academic growth for disadvantaged groups across India.

Background of the Scheme

PM-YASASVI consolidates previous scholarship initiatives, merging the Dr. Ambedkar Post-Matric Scholarship for EBCs and the Pre-Matric and Post-Matric Scholarships for DNTs into a single, streamlined scheme in the 2021-22 financial year. This consolidation aims to simplify and enhance support for students in need.

Objectives

The primary goal of PM-YASASVI is to promote educational empowerment and help vulnerable groups complete their education. By focusing on these marginalized communities, the initiative encourages individual growth and contributes to creating a more inclusive society.

Scholarship Categories

PM-YASASVI includes five sub-schemes designed to cater to various educational needs:

  1. Pre-Matric Scholarship for students in classes IX and X.

  2. Post-Matric Scholarship for those pursuing higher education.

  3. Top Class School Education for exceptional students in school.

  4. Top Class College Education for students pursuing higher studies.

  5. Construction of Hostels for OBC boys and girls to improve accessibility.

Pre-Matric Scholarship Details

The Pre-Matric Scholarship offers an annual allowance of ₹4,000 for families with an income below ₹2.5 lakh. For the 2023-24 financial year, an allocation of ₹32.44 crore has been designated for this initiative, supporting thousands of students.

Post-Matric Scholarship Details

The Post-Matric Scholarship provides academic allowances ranging from ₹5,000 to ₹20,000, depending on the course. For the current financial year, ₹387.27 crore has been released to aid students in post-secondary education.

Top Class Education Support

The Top Class School and College Education schemes offer financial support to meritorious students. School students from classes 9 to 12 can receive funding up to ₹1.25 lakh annually. College students enrolled in top institutions are eligible for full financial support covering tuition and living expenses.

Hostel Construction Initiative

In an effort to improve access to quality education, the scheme allocates ₹12.75 crore for hostel construction in the 2023-24 financial year. This initiative aims to provide accommodation for OBC students near educational institutions, making it easier for them to pursue their studies.

Benefits of PM-YASASVI

The PM-YASASVI scheme promotes inclusivity and equity in education, addressing systemic barriers faced by OBC, EBC, and DNT students. By ensuring financial assistance and encouraging educational empowerment, this initiative creates opportunities for upward mobility and self-reliance among students from marginalized backgrounds.

Impact and Funding

In the financial year 2023-24, significant funds have been allocated to support these initiatives. Specifically, ₹193.83 crore has been set aside for the Pre-Matric Scholarship, benefiting nearly 19.86 lakh students. Meanwhile, the Post-Matric Scholarship received ₹988.05 crore, aiding around 27.97 lakh students.

Additional Educational Support

Further investments have been made in various educational support initiatives, with ₹14.30 crore allocated for hostel construction, accommodating approximately 1,146 students. The top-class education programs have also received substantial funding, benefitting thousands of students across the country.

Conclusion

The PM-YASASVI scheme significantly impacts the educational landscape in India. By empowering disadvantaged students and enabling them to achieve their academic potential, the initiative contributes to societal upliftment and aligns with the vision of a more equitable education system. Through these efforts, PM-YASASVI helps foster a brighter future for the youth of India, creating pathways for success and growth within their communities.


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