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24/12/20 16:23 PM IST

Post-matric scholarship plan

In news

The Cabinet Committee on Economic Affairs on December 23 approved changes to the post-matric scholarship scheme for students from the Scheduled Castes, including a new funding pattern of 60-40 for the Centre and States

Aim

Enabling four crore students to access higher education over the next five years, Social Justice and Empowerment.

Highlights
  • Switching from the existing “committed liability” formula, the new funding pattern would increase the Centre’s involvement in the scheme.
  • An estimated 1.36 crore students who would otherwise drop out after Class 10 would be brought into the higher education system under the scheme in five years. 
  • Transfer of financial assistance to the students under the scheme shall be on DBT [direct benefit transfer] mode, and preferably using the Aadhaar Enabled Payment System.
  • Starting from 2021-22, the Central share [60%] in the scheme would be released on DBT mode directly into the bank accounts of the students as per fixed time schedule, after ensuring that the State government concerned has released its share.
Source: The Hindu

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