The Prime Minister Young Achievers Scholarship Award Scheme (PM Yasasvi) is a government initiative aimed at empowering students from marginalized communities, including Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Nomadic Tribes (DNT). The program provides financial aid for students in grades 9 and 10 through its pre-matric scholarship and extends support for higher education through post-matric scholarships. Additionally, it offers scholarships to meritorious students for admission to premier institutions. To further assist OBC students, the scheme includes a provision for constructing hostel facilities.
The scholarship initiative is designed to reduce the financial barriers faced by students from disadvantaged communities, ensuring they can continue their educational journey and achieve academic success. The scheme promotes educational inclusivity, supporting students at various levels, from school to higher education.
Overview of the PM Yasasvi Scholarship Scheme
| Nodal Agency | Higher Education Dept, Ministry of Education, GOI |
| Scheme Name | PM Young Achievers Scholarship Award Scheme |
| Budget | Rs 32.44 Cr for Pre-matric Rs 387.27 Cr for Post-Matric |
| Beneficiaries | Students studying in classes IX and XI in Govt schools |
| Official Website | scholarships.gov.in |
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Eligibility Criteria for PM Yasasvi Scholarship
To qualify for the PM Yasasvi Scholarship, applicants must meet the following criteria:
- Community: The applicant must belong to the OBC, EBC, or DNT categories.
- Educational Level: Students must be enrolled in grade 9 or 11 in a government-run school.
- Annual Family Income: The annual income of the student’s parent or guardian must not exceed ₹2.5 lakh.
- Attendance and Aadhaar Requirement: Students must maintain a minimum attendance of 75%, which is monitored via the Aadhaar-based attendance system.
- Exam Eligibility: Candidates must clear the Yasasvi Entrance Test (YET) conducted by the National Testing Agency (NTA).
Benefits of the PM Yasasvi Scholarship
The scheme offers substantial financial assistance to ensure students can focus on their studies without financial stress:
- Pre-Matric Scholarships: Students in grades 9 and 10 receive ₹4,000 annually.
- Post-Matric Scholarships: Students pursuing higher education receive financial support ranging from ₹5,000 to ₹20,000 annually, depending on the level of education.
- Merit-Based Scholarships: Exceptional students in grades 9 and 10 are eligible for up to ₹75,000 annually, while those in grades 11 and 12 can receive up to ₹1,25,000 annually.
- Higher Education Assistance: Students admitted to premier institutions after clearing national entrance exams can receive financial aid of ₹2–3.72 lakhs annually.
- FREESHIP Card: This allows students to gain admission to higher education institutions without upfront tuition or hostel fee payments.
- Inclusivity Provisions: The scheme reserves 30% of its funds for female students and 5% for students with disabilities.
Documents Required for Application
To apply for the PM Yasasvi Scholarship, students need to provide the following documents:
- Aadhaar Card for identity verification.
- Income certificate of the family.
- Caste certificate (if applicable).
- Proof of residence.
- Passport-sized photograph.
- Bank account details, including IFSC code.
- Contact number and email ID.
- Marks sheet from the most recent examination.
How to Apply for the PM Yasasvi Scholarship Scheme
Students must follow these steps to apply for the scholarship:
- Clear the Yasasvi Entrance Test (YET): Conducted by the NTA, clearing this test is mandatory for registration.
- Register on the National Scholarship Portal (NSP):
- Visit scholarships.gov.in.
- Click on “New Registration.”
- Fill in details such as date of birth, state of residence, scholarship category, Aadhaar number, and bank account details.
- Submit the form to receive login credentials via SMS and email.
- Log in and Complete the Application:
- Use the credentials to access the portal and fill in the scholarship application form.
- Upload the required documents.
- Verify the information before submission.
- Verification and Fund Transfer:
- Applications are reviewed by the respective institutions.
- Once approved, scholarship funds are directly transferred to the student’s bank account.
Key Points to Remember
- Students must reapply annually to continue receiving benefits.
- All required documents should be accurate and up to date to avoid rejection.
- The scholarship focuses on providing holistic educational support, including financial assistance and access to institutional facilities.
Conclusion
The PM Yasasvi Scholarship Scheme is a commendable initiative aimed at empowering underprivileged communities by offering financial aid for education. By addressing financial constraints, the scheme enables students to focus on academics and achieve their full potential. Eligible students are encouraged to apply and leverage this opportunity for a brighter future.
FAQs on PM Yasasvi Scholarship
Q1. What happens if a student fails to maintain 75% attendance?
Students who fail to meet the 75% attendance requirement may risk losing their eligibility for the scholarship. Regular attendance is monitored through an Aadhaar-based attendance system.
Q2. Can private school students apply for the Yasasvi Scholarship?
No, the scholarship is only available to students enrolled in government-run schools.