PM-YASASVI Scheme

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Context: The PM-YASASVI scheme had only spent slightly more than 2% of its more than 1,500 crore budget as of December 31, 2022, according to the Parliamentary Standing Committee on Social Justice and Empowerment.

Details

• According to government data presented to the Parliamentary Standing Committee on Social Justice and Empowerment, the Ministry of Social Justice and Empowerment was only able to spend 1% of the money allocated for a pre-matric scholarship programme for students of Scheduled Castes and other groups, and less than half of the money allocated for a post-matric scholarship programme for SC students.
• The House panel noted that, as of December 31, 2022, just a little over 2% of the more than 1,500 crore allocation had been spent for the PM-YASASVI scheme, which offers pre- and post-matric scholarship benefits to Other Backward Classes, Extremely Backward Classes, and Denotified Tribes.
• The committee also noticed that, of the authorised Rs 5,660 crore through December 31, 2022, the government has only been able to spend 2,500.22 crores on the post-matric scholarship for SC students.
  • In the same time frame, just 56 lahks of the 500 crores allocated were spent on the pre-matric scholarship programme for SC children and others.
• The panel highlighted that the low expenditure in the SC student programmes was a result of delays brought on by a new disbursement system for Centrally-sponsored programmes that demand State payments.
  • Even though the Union government fully supports the PM-YASASVI initiative, it likewise saw low use.

PM YASASVI Scheme

• Ministry of Social Justice and Empowerment offer scholarships to meritorious students under the PM YASASVI scheme.
• This programme is open to deserving students from classes 9 through 12 who belong to the underprivileged group.
• To be eligible for the PM YASASVI programme, a student must fall under one of the following categories: Other Backward Class (OBC), De-Notified, Nomadic and Semi-Nomadic (DNT), or Economically Backward Class (EBC).
  • The candidate's guardians' or parents’ income must be less than Rs 2.5 Lakh per year for them to qualify for this scholarship.
• The Class 9 and Class 10 students will receive Rs. 75,000 annually under this programme, and the Class 11 and Class 12 students will receive Rs. 1, 25,000 annually.
• Students have to apply for the PM YASASVI scheme to get the scholarship. They can submit the application form on the official website.
• Students will be chosen for the scholarship based on their performance on the National Testing Agency's YASASVI Entrance Exam. The entrance exam is held in the computer-based test (CBT) mode.

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