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  • 09 April, 2021

  • 4 Min Read

Post Matric Scholarship scheme for Scheduled Castes

Post Matric Scholarship scheme for Scheduled Castes

The Cabinet Committee on Economic Affairs had revamped the post-matric scholarship scheme earlier for students from the Scheduled Castes (SCs), including a new funding pattern of 60-40 for the Centre and States.

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About the Scholarship

  • It is a Centrally Sponsored Scheme and implemented through State Government and UT administration.
  • Under the scheme, the government provides financial assistance to students from SCs for higher education at post-matriculation and post-senior-secondary stages, which means Class XI onwards.
  • It can be availed by those, whose household incomes are less than Rs 2.5 lakh annually.

What are the new changes?

  • States would carry out verification of the students’ eligibility and caste status and collect their Aadhaar and bank account details.
  • Transfer of financial assistance to the students under the scheme shall be on DBT 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 a fixed time schedule.

What do these changes aim at?

  • The changes were aimed at enabling four crore students to access higher education over the next five years.
  • Switching from the existing “committed liability” formula, the new funding pattern would increase the Centre’s involvement in the scheme.

Benefits sought from the changes

  • The changes approved by the Cabinet were aimed at enrolling the poorest students, ensuring timely payments, and maintaining accountability.
  • 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.

Source: PIB

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