Why in the News?

The PM-YASASVI scheme is a government initiative that's been making headlines for its focus on improving access to education for students from disadvantaged backgrounds.

About PM-YASASVI

• Launched: 2021-22
• PM-YASASVI stands for Prime Minister Young Achievers Scholarship Award Scheme for Vibrant India.
• It's a comprehensive program that offers financial assistance and educational support to students belonging to Other Backward Classes (OBC), Economically Backward Classes (EBC), and De-notified Tribes (DNT).
• Who is Eligible?
  • Students from OBC, EBC, and DNT categories.
  • Total annual family income up to ₹2.50 lakh.
  • Specific schemes may have additional eligibility criteria.
• Benefits of PM-YASASVI
  • Financial Support: Scholarships for pre-matriculation (Class 9-10) and post-matriculation (higher studies) education.
  • Top Class Education Schemes: Covers tuition, hostel expenses, and other academic costs for meritorious students (Class 9-12 and college).
  • Hostel Facilities: Support for OBC students to access accommodation near educational institutions.
  • Empowerment: Helps overcome financial barriers and promotes educational advancement for students from marginalized communities.
• Selection Criteria
  • Selection for some scholarships is based on the YASASVI Entrance Test (YET) 2023 conducted by the National Testing Agency (NTA).
  • Applications are submitted online through the National Scholarship Portal (scholarships.gov.in).
• The PM-YASASVI scheme is a significant initiative promoting inclusivity and social progress by providing much-needed support for students from OBC, EBC, and DNT backgrounds.