PM-YASASVI Scheme

The PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI) was launched by the Ministry of Social Justice and Empowerment. This scheme aims to uplift students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Tribes (DNT). It provides access to quality education, addresses financial barriers, and supports academic growth.

Background of the Scheme

PM-YASASVI consolidates previous scholarship initiatives. It includes the Dr. Ambedkar Post-Matric Scholarship for EBCs and the Pre-Matric and Post-Matric Scholarship for DNTs. These initiatives were merged into PM-YASASVI in 2021-22 to streamline support for disadvantaged students.

Objectives

The main goal of PM-YASASVI is to promote educational empowerment. It seeks to help vulnerable groups complete their education. This initiative encourages individual growth and contributes to a more inclusive society.

Scholarship Categories

PM-YASASVI has five sub-schemes:

1. Pre-Matric Scholarship for students in classes IX and X.
2. Post-Matric Scholarship for higher education.
3. Top Class School Education for exceptional students.
4. Top Class College Education for Higher Studies.
5. Construction of Hostels for OBC boys and girls.

Pre-Matric Scholarship Details

The Pre-Matric Scholarship offers an annual allowance of Rs. 4,000. It targets families with an income below Rs. 2.5 lakh. For 2023-24, Rs. 32.44 crore has been allocated for this scheme.

Post-Matric Scholarship Details

The Post-Matric Scholarship supports students in post-secondary education. Academic allowances range from Rs. 5,000 to Rs. 20,000, depending on the course. For the current year, Rs. 387.27 crore has been released.

Top Class Education Support

The Top Class School and College Education schemes assist meritorious students. School students (Class 9-12) can receive funding up to Rs. 1.25 lakh annually. College students at top institutions receive full financial support covering tuition and living expenses.

Hostel Construction Initiative

The scheme allocates Rs. 12.75 crore for hostel construction in 2023-24. This aims to provide accommodation for OBC students near educational institutions, improving access to quality education.

Benefits of PM-YASASVI

PM-YASASVI promotes inclusivity and equity in education. It addresses systemic barriers faced by OBC, EBC, and DNT students. The scheme ensures financial assistance and encourages educational empowerment. This initiative helps create opportunities for upward mobility and self-reliance.

Impact and Funding

In the financial year 2023-24, funds have been allocated. ₹193.83 crore was set aside for the Pre-Matric Scholarship, benefiting nearly 19.86 lakh students. The Post-Matric Scholarship received ₹988.05 crore, aiding around 27.97 lakh students.

Additional Educational Support

Further investments have been made in educational support initiatives. ₹14.30 crore was allocated for hostel construction, accommodating 1,146 students. Top-class education programs received substantial funding, benefiting thousands of students.

The PM-YASASVI scheme impacts the educational landscape. It empowers disadvantaged students, enabling them to achieve their academic potential. The scheme contributes to societal upliftment, aligning with the vision of a more equitable education system.

Month: Current Affairs - October, 2024

Category: Government Schemes Current Affairs