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24/10/24 10:09 AM IST

PM Young Achievers’ Scholarship Award Scheme for Vibrant India

In News
  • With a vision of "Sabka Sath, Sabka Vikas", the Ministry of Social Justice and Empowerment has implemented the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI). 
PM YASASVI
  • The PM YASASVI scheme consolidates and enhances several earlier initiatives, including the Dr. Ambedkar Post-Matric Scholarship Scheme for EBCs and the Dr. Ambedkar Pre-Matric and Post-Matric Scholarship Scheme for DNTs, which were subsumed under this program starting from 2021-22.
  • By integrating these schemes, PM YASASVI aims to ensure a more streamlined and impactful approach to supporting the educational needs of socially and economically disadvantaged students.
Objective
  • The overarching goal of the scheme is to promote educational empowerment among these vulnerable groups, helping them overcome financial barriers and complete their education.
  • This initiative not only fosters individual academic growth but also contributes to the broader vision of creating a more inclusive and equitable society.
  • Under this Scheme students can avail Pre-Matric Scholarship from Class 9 to 10 and Post Matric Scholarship for their higher studies at post-matriculation or post-secondary stage.
  • Students who excel in their studies also get an opportunity of Scholarship to study in Top Class Schools and Colleges under the Scheme of ‘Top Class School Education’ and ‘Top Class College Education’.
  • Hostel facilities are also provided to OBC students under the ‘Scheme of Construction of Hostels for OBC boys and girls.’
  • PM –YASASVI for OBC, EBC and DNT students has been formulated having following five sub-schemes:
  • 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
  • The PM YASASVI aligns with the government’s broader vision of fostering inclusivity, equity, and societal upliftment.
  • By offering comprehensive support to students from OBC, EBC, and DNT categories, it directly addresses the systemic barriers that prevent many from accessing quality education.
  • This initiative not only ensures financial assistance but also promotes educational empowerment for some of the most vulnerable sections of society, thereby creating opportunities for upward mobility and self-reliance.
  • The scheme’s focus on supporting students at both school and college levels helps to nurture talent from an early age and carry it through to higher education, laying a strong foundation for personal and professional growth.
Impact
  • The PM YASASVI (Young Achievers Scholarship Award Scheme for Vibrant India) scheme has made significant strides in providing financial assistance to students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and De-Notified Tribes (DNT).
  • In Financial Year 2023-24, a substantial sum of ₹ 193.83 cr. was allocated for the Pre-Matric Scholarship, benefiting 19.86 lakh students during 2023-24, with further beneficiaries for 2023-24 expected.
  • Similarly, under the Post-Matric Scholarship scheme, ₹988.05 cr. was released, benefiting 27.97 lakh students in 2023-24.
  • These scholarships aim to empower underprivileged students by alleviating financial burdens, thereby promoting education across marginalized communities.
Source- PIB

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