PM-YASASVI Scheme

Why is in news? Implementation of PM-YASASVI Scheme

The Ministry of Social Justice and Empowerment (MSJ&E) has created the PM Young Achievers Scholarship Grant Scheme for a Vibrant India (YASASVI) to award scholarships to students from various impoverished classes.

Scholarships provide these students with the resources they need to become financially independent and continue their studies.

This scholarship is restricted to OBC, Nomadic, and semi-Nomadic tribes, DNT.

Students in 9th grade and those in 11th grade are awarded scholarships at two different levels.

This scholarship program is granted only to Indian students by the specific state/union territory to which the applicant belongs, i.e., where she/he resides.

The yearly income of the applicant’s parents should not exceed Rs. 2.5 lakh.

Students applying for a ninth grade must have been born between April 1, 2004, and March 31, 2008.

Students applying for the eleventh grade must have been born between April 1, 2004, and March 31, 2008.

All genders are welcome to apply for this program.

A written examination known as the YASASVI ENTRANCE TEST 2023 will be used to select applicants for scholarship awards.

Five Components:

Pre-Matric Scholarship for OBC, EBC and DNT Students

Post-Matric Scholarship for OBC, EBC and DNT Students

Top Class School Education for OBC, EBC and DNT Students

Top Class College Education for OBC, EBC and DNT Students

Construction of Hostel for OBC Boys and Girls

Benefits:

This scholarship is transparent and tests are conducted to international standards, which determine the morals of students after they qualify for such exams.

The scheme provides a benefit for both class nine and class ten students only.

Under the scheme, class nine students will get a salary of Rs. 75,000 per year. Also, class 11 students will get 125,000 rupees per year.