The PM Young Achievers Scholarship Scheme, also known as Yasasvi, is a financial aid program aimed at supporting students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Nomadic Tribes (DNT). This initiative is designed to provide scholarships to students from the 9th and 10th grades under its pre-matric scheme and offer funding for higher education under the post-matric scholarship scheme. Additionally, the program seeks to support exceptional students for enrollment in prestigious educational institutions, along with improving hostel facilities for OBC students.
The scheme has received substantial financial backing, with Rs. 32.44 crore allocated for pre-matric scholarships and an impressive Rs. 387.27 crore for post-matric scholarships across various States and Union Territories (UTs). These funds are meant to ensure continued access to education from the school level through to higher education.
Key Information About the Young Achievers Scholarship Scheme
| Details | Information |
|---|---|
| Scheme Name | PM Young Achievers Scholarship Award Scheme (Yasasvi) |
| Nodal Agency | Higher Education Department, Ministry of Education, GOI |
| Budget | Rs 32.44 Crore for Pre-matric, Rs 387.27 Crore for Post-Matric |
| Beneficiaries | Students in Class IX and XI at government schools |
| Official Website | scholarships.gov.in |
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Eligibility Criteria for PM Yasasvi Yojana
This scheme is specifically intended for students from OBC, EBC, and DNT communities. To be eligible for the scholarship, students must meet the following criteria:
- Grade Level: Must be enrolled in Class 9th or 11th.
- Family Income: The annual income of the student’s parents or guardians should not exceed Rs. 2.5 lakh.
- Aadhaar Card: Applicants must have an Aadhaar card for identification.
- School Requirement: The student must be enrolled in a government school.
- Attendance and Performance: A minimum attendance of 75% will be monitored, and the student’s academic performance will also be a key factor.
Benefits of the Young Achievers Scholarship Scheme
The PM Yasasvi Scheme provides financial assistance at various education levels:
- Pre-matric Scholarship: Students in grades 9 and 10 receive an annual stipend of Rs. 4,000.
- Post-matric Scholarship: Students pursuing higher education post-class 10 are eligible for an allowance between Rs. 5,000 to Rs. 20,000 annually, depending on their course and institution.
- Top Class Scholarships: Outstanding students in grades 9 and 10 can receive up to Rs. 75,000 annually, while those in grades 11 and 12 may qualify for up to Rs. 1,25,000 annually.
- Higher Education Aid: Students who qualify for top-tier national entrance exams are eligible for Rs. 2 lakh to Rs. 3.72 lakh annually for their higher education.
- FREESHIP Card: The FREESHIP card helps students gain admission to higher education institutions by waiving tuition and hostel fees.
- Gender and Disability Inclusion: The scheme reserves 30% of its funds for female students and 5% for students with disabilities to promote inclusivity.
Documents Required for the Yasasvi Scheme
To apply for the PM Yasasvi Scholarship, students must submit several important documents, including:
- Aadhaar Card
- Family Income Certificate (proving that the annual income does not exceed Rs. 2.5 lakh)
- Caste Certificate (if applicable)
- Proof of Residence (to verify the student’s state of residence)
- Recent Passport-sized Photograph
- Bank Account Details (for direct transfer of funds)
- Latest Academic Marks Sheet
How to Apply for PM Yasasvi Yojana?
To apply for the PM Young Achievers Scholarship, students must first qualify through the Yasasvi Entrance Test (YET), which is conducted by the National Testing Agency (NTA). Once students qualify for the test, they can register for the scholarship on the National Scholarship Portal or their respective State Scholarship Portal.
Here is a step-by-step guide to applying:
- Visit the National Scholarship Portal: Go to the official website and click on “New Registration”.
- Enter Personal Details: Fill in your birth date as per your UID card, and state of residence, and select the scholarship category.
- Provide Contact Information: Include your mobile number for SMS alerts and email ID for further communication.
- Submit Bank Details: Enter your bank account number and IFSC code.
- Aadhaar Verification: Enter your Aadhaar number in the identification section.
- Finalize Registration: Submit the registration form and receive login credentials via SMS and email.
- Upload Documents: Log in with your credentials, upload the required documents, and confirm the details before submission.
Once the application is submitted, the verification process will take place, and the scholarship funds will be directly transferred to the student’s bank account after successful verification.
Conclusion
The PM Young Achievers Scholarship Scheme (Yasasvi) offers crucial financial support to students from marginalized communities, ensuring that they have the resources necessary to pursue education from secondary school to higher studies. By promoting inclusivity and providing opportunities for top-tier education, the scheme aims to empower students and enable them to succeed in their academic journeys.
FAQs
Q1: Is the scholarship available for students pursuing higher education?
Ans: Yes, the post-matric scholarships provide financial aid for students pursuing higher education. The scholarship amount varies based on the level of study and the institution.
Q2: Is there any reservation for female students or students with disabilities?
Ans: Yes, the scheme reserves 30% of its funds for female students and 5% for students with disabilities to promote inclusivity.