The PM-YASASVI Scholarship Scheme (Pradhan Mantri Young Achievers Scholarship Award Scheme for Vibrant India) aims to provide financial support to students from Other Backward Classes (OBC), Economically Backward Classes (EBC) and Nomadic Tribes (DNT).
Launched by the Ministry of Social Justice & Empowerment, this initiative is designed to promote higher education among deserving students, ensuring they have access to world-class institutions without the barrier of financial constraints. The scheme offers comprehensive benefits, including tuition fees, living expenses, books, stationery, and even the provision of a laptop/PC.
Objective of the PM-YASASVI Scholarship Scheme
The primary objective of the PM-YASASVI scholarship scheme is to recognise the academic excellence of students from marginalised communities and provide them with the necessary financial support to pursue higher studies. It focuses on students who are looking to study beyond Class XII, ensuring that financial limitations do not hinder their access to quality education in top institutions across India.
Eligibility Criteria for PM-YASASVI Scholarship
To be eligible for the PM-YASASVI scholarship, students must meet the following requirements:
- Category: The scholarship is available for OBC, EBC, and DNT students.
- Income Limit: The total annual family income from all sources must be Rs. 2.50 lakh or less.
- Admission Requirement: Applicants must have secured admission to a full-time course at a notified institution (as per the Ministry’s list) and meet the institution’s selection criteria.
- Siblings: No more than two siblings from the same family can benefit from the scheme at any given time.
- Course Level: Students must be pursuing education beyond Class XII.
- Merit-based Selection: Scholarships are awarded based on merit, with priority given to those with higher academic performance and fewer years remaining to complete their course.
Note: Students in their first year of study will be selected based on their entrance exam results. If the number of eligible candidates in the first year is less than the slots allotted, the remaining slots can be extended to second or third-year students.
Benefits of the PM-YASASVI Scholarship
The PM-YASASVI scholarship scheme offers several benefits to ensure students can focus on their education without worrying about finances. The key benefits include:
Full Tuition Fee Coverage:
- For private sector institutions, tuition fees and non-refundable charges will be covered up to Rs. 2.00 lakh per year.
- For commercial pilot training and Type Rating Courses at flying clubs, the coverage is up to Rs. 3.72 lakh per year.
Living Expenses:
Students will receive Rs. 3,000 per month for living expenses.
Books and Stationery:
A stipend of Rs. 5,000 per year will be provided for books and stationery.
Laptop/Computer Assistance:
One-time assistance of Rs. 45,000 will be provided for purchasing a laptop or computer with necessary accessories.
Note: The scholarship amount for tuition fees and non-refundable charges will be paid directly to the institution, while the living expenses, books & stationery, and laptop will be transferred to the student’s bank account.
Top Class Institutions Covered in PM-YASASVI Scholarship
- The PM-YASASVI scheme covers a wide range of prestigious institutions. These include:
- IIMs, IITs, NITs, AIIMS, NIFTs, NIDs, and National Law Universities.
- Institutions of National Importance as recognised by the Ministry of Education (GoI).
- NAAC A++ and A+ accredited institutions.
- Top 100 NIRF-ranked institutions.
In addition, government-approved flying clubs for commercial pilot training are also eligible.
Application Process for PM-YASASVI Scholarship
Students wishing to apply for the PM-YASASVI scholarship must follow these steps:
New Applicants
- Visit the National Scholarship Portal (NSP): https://scholarships.gov.in/
- Click on ‘New Registration’ under the Applicant Corner.
- Read the instructions, provide the necessary undertakings, and click Continue.
- Fill in the required details for registration.
Registered Applicants
- Log in to the NSP website using your Application ID and password.
- Select the PM-YASASVI Scholarship option.
- Complete the application form with necessary details.
- Upload all the required documents and submit the application.
Documents Required for Application in PM-YASASVI Scholarship
Applicants must upload the following documents when applying for the PM-YASASVI scholarship:
- Aadhaar Card
- Passport-size photograph
- Educational qualification marksheets/certificates
- Valid Income certificate issued by the competent authority
- Domicile Certificate
- Caste/Community Certificate
- Disability Certificate, if applicable
- Bank Account details
- Admission Rank Proof
- Fee Payment Proof for the course
- Any other documents as required by the institution
Note: For students applying for renewal, the institution must verify that the student has been promoted to the next class.
Renewal of Scholarship
To continue receiving the scholarship in subsequent years, students must apply for renewal each year through the National Scholarship Portal (NSP). The scholarship will be continued as long as the student maintains good academic standing and gets promoted to the next semester/class.
Key Highlights
100% Funding: The Ministry of Social Justice & Empowerment funds the entire scheme, ensuring complete financial assistance for eligible students.
Direct Benefit Transfer: Payments for tuition fees, living expenses, and other allowances are made directly to the students’ accounts and institutions via DBT.
Priority for OBC Students: While the scheme is open to OBC, EBC, and DNT students, OBC students are given preference, especially when the number of slots is limited.
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PM-YASASVI Scholarship
1. What is PM-YASASVI? A scholarship for OBC, EBC, and DNT students to support higher education in top institutions.
2. Who is eligible? Students from OBC/EBC/DNT with a family income under Rs. 2.50 lakh and admission to a notified course.
3. What are the benefits? Covers tuition fees, Rs. 3,000/month for living, Rs. 5,000/year for books, and Rs. 45,000 for a laptop.
4. How to apply? Apply online via the National Scholarship Portal (NSP) with required documents.
5. What documents are needed? Aadhaar, Income Certificate, Caste Certificate, Fee Proof, and more.
Conclusion
The PM-YASASVI Scholarship is a golden opportunity for OBC, EBC, and DNT students to pursue higher education at some of India’s top institutions without the burden of financial stress. By providing comprehensive financial support, the scheme enables students to concentrate on their studies and realise their full potential. Eligible students are encouraged to apply through the National Scholarship Portal (NSP) to secure a brighter future.
Also Read: Scholarship for UG and PG Students at the Indian Statistical Institute
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