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Studying MBA is the dream of lakhs of students in the country, but sometimes high fees become a big challenge for financially weak students. In such a situation, the Central Government and various institutions run many scholarships to provide financial assistance to the students. The objective of these schemes is to help talented and needy students to pursue higher education.

National Scholarship for Post Graduate Studies (NSPG) is for students pursuing post graduate level studies. Under this, selected students are given financial assistance of Rs 15,000 every month for 10 months. For this, the age of the candidate should be less than 30 years. Also doing post graduate degree for the first time. Apart from this, you should be studying in a regular (full-time) course in a recognized institute.

Post Matric Scholarship for SC/ST Students

This is an important scheme for the students of Scheduled Caste (SC) and Scheduled Tribe (ST) category. Under this, the compulsory educational fees of the students are reimbursed and maintenance allowance is also given. The eligibility for this is that the applicant belongs to SC or ST category. Also, the annual income of the family should be less than Rs 2.5 lakh.

Merit-cum-Means Scholarship for Minority Students

This Merit-cum-Means Scholarship for Minority is run for the students of minority communities. Under this, students are provided annual assistance up to Rs 30,000 or the actual course fee (whichever is less). Apart from this, maintenance allowance is also given. The student should belong to minority community. Must have obtained at least 50 percent marks in the previous examination. The annual income of the family should be less than Rs 2.5 lakh.

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Prime Minister Scholarship Scheme

This scheme is for the dependents and widows of martyrs, deceased or ex-servicemen of the armed forces. Scholarships are given every month to eligible students studying in various professional and technical courses including MBA. Under this, assistance ranging from Rs 2,250 to Rs 2,500 per month is given.

how to apply?

Applications for most of the scholarship schemes of the Central Government are made through the National Scholarship Portal (NSP). Apart from this, state governments and many top business schools, especially Indian Institutes of Management (IIMs), also provide fee waivers and scholarships for economically weaker students.

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In today’s time, the cost of education is continuously increasing. There are many students who are bright in studies, but due to weak financial condition of the family, they face difficulties in continuing their studies. For such promising students, the Central Government is running a special scheme, named PM YASASVI Scholarship Scheme.

This scheme is no less than a big relief for those students who want to progress by working hard but financial problems become a hindrance in their path. Under this scheme, the government provides financial assistance to the students for their studies, so that they can complete their education without any worries.

What is PM Yashasvi Scholarship Scheme?

PM Yashasvi is an important scholarship scheme of the Central Government. It is run by the Ministry of Social Justice and Empowerment. The objective of the scheme is to promote such meritorious students who come from economically weak families. Through this scholarship, students are given financial assistance for fees, books, stationery and other expenses related to studies. This reduces the burden of education on thousands of families and children get a chance to fulfill their dreams.

Which students get the benefit?

This scheme has been specially designed for OBC, EBC and DNT category students. If the student belongs to these categories and is performing well in studies, then he can avail the benefit of this scheme. The government believes that the progress of the country is possible only when children of every section get equal opportunities for education. With this thinking in mind, this scheme is being taken forward.

How much help to 9th and 10th class students?

Under PM Yashasvi Yojana, students studying in class 9th and 10th can be given financial assistance up to a maximum of Rs 75 thousand every year. This amount helps in meeting the necessary expenses related to the students’ education. From depositing fees to purchasing books, this assistance provides huge benefits.

Students of 11th and 12th will get more benefits

As classes increase, the cost of education also increases. Keeping this in mind, the government provides assistance up to Rs 1.25 lakh every year to the students of class 11th and 12th. With this amount, students can continue their studies in a better way and prepare for higher education.

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There is a special facility for college students also

PM Yashasvi Yojana is not limited to school students only. Under this, a special program Top Class College Education is also run. Under this scheme, living expenses of up to Rs 3,000 per month are given to eligible students studying in colleges and universities. Apart from this, additional assistance of Rs 5,000 is also available annually for books and stationery.

What are the necessary conditions to apply?

To avail the benefits of this scheme, some important conditions have to be fulfilled. First of all, the student should belong to OBC, EBC or DNT category. Apart from this, the total annual income of the student’s parents or guardian should not exceed Rs 2.5 lakh. Also, the student should be studying regularly from class 9th to 12th in a recognized government or private school. Students fulfilling these conditions can apply.

how to apply?

The application process for PM Yashasvi Scholarship is completely online. Students can apply sitting at home. For this, one has to register by visiting the National Scholarship Portal (NSP) or the official portal of Yashasvi Scholarship Scheme. After filling the application, students can also check the status of their scholarship online.

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