PM Young Achievers Scholarship Scheme (Yasasvi) 2024, Check Benefits & Eligibility

PM Young Achievers Scholarship Scheme (Yasasvi) 2024

Financial aid is available to students from the Other Backward Class (OBC), Economically Backward Class (EBC), and Denotified Nomadic Tribes (DNT) communities through the PM Young Achievers Scholarship Scheme initiative. In addition to sponsoring higher education through its post-matric scholarship options, it offers pre-matric scholarships for students in the ninth and tenth grades. Additionally, the initiative provides scholarships to deserving child so they can enroll in prestigious universities. Additionally, a plan to construct dorm facilities can also help OBC students. This program includes funding for both higher education and school-level education, support for prestigious educational opportunities, and the establishment of dorms for OBC students.

Financially, the PM Yasasvi Yojana has given various States and Union Territories (UTs) staggering Rs 387.27 Crores for post-matric scholarships and Rs 32.44 Crores for pre-matric scholarships. From elementary school through higher education, these scholarships are meant to support students’ academic endeavors.

PM Yasasvi Scholarship Scheme 2024 Highlights

OrganizationHigher Education Dept, Ministry of Education, GOI
Scheme NamePM Young Achievers (Yasasvi) Scholarship Scheme
BudgetRs 32.44 Cr for Pre-matric
Rs 387.27 Cr for Post-Matric
BeneficiariesStudent studying in class IX and XI in Govt schools
Official Websitescholarships.gov.in

PM Yasasvi Scheme Eligibility Criteria

The initiative focuses on uplifting underprivileged communities by offering educational opportunities that help individuals lead secure, dignified, and productive lives. It aims to encourage continued education among vulnerable groups and plays a crucial role in bringing dropouts back into the academic fold, particularly at the secondary and higher education levels.

Eligibility for the program requires applicants to belong to the OBC, EBC, or DNT categories and to be enrolled in class 9 or class 11 at a government-run school. The annual income of the applicantโ€™s parent or guardian must not exceed Rs.2.50 lakhs, and the applicant must hold a valid Aadhaar Card.

To ensure compliance, students are required to maintain a minimum attendance rate of 75%, which will be tracked using the Aadhaar-Based Attendance System and monitored via an institutional portal. Academic performance will also be closely reviewed to ensure progress and accountability.

Benefits of Yasasvi Scheme

The scheme offers Rs.4,000 annually to pre-matric students until they finish 10th grade, with post-matric students receiving Rs.5,000 to Rs.20,000 per year for higher education. Exceptionally talented students in classes 9 and 10 can get up to Rs.75,000 annually, while those in classes 11 and 12 may receive up to Rs.1,25,000.

The FREESHIP card waives upfront tuition and hostel fees for higher education admissions, while students excelling in national entrance exams can receive up to Rs.3.72 lakhs annually. The scheme allocates 30% of its funds for female students and 5% for those with disabilities, ensuring inclusivity and equal opportunity.

List of Documents for Yasasvi Scheme

To avail of the benefits, applicants must submit the following documents:

  1. Aadhaar Card
  2. Certificate verifying familyโ€™s annual income
  3. Proof of residence in the state
  4. Caste Certificate
  5. Recent passport-sized photograph
  6. Bank account details
  7. Contact number
  8. Email address
  9. Marksheet from the most recent examination

How to Apply for PM Young Achievers Scholarship (Yasasvi) Scheme?

To qualify for scholarship registration, students must first pass the YASASVI Entrance Test (YET), which is administered by the National Testing Agency (NTA). Once they are qualified, students can proceed to register on the National Scholarship Portal or the State Scholarship Portal, where their information will be managed by the respective school or institution. The following steps outline how to register on the National Scholarship Portal:

  1. Go to “New Registration” on the National Scholarship Portal.
  2. Enter the date of birth that appears on your Aadhaar card.
  3. Enter the state in which you now reside.
  4. Choose from the different scholarship categories (Pre-matric, Post-Matric, Top Class Scheme, Merit cum Means).
  5. Enter your name exactly as it appears on your certificate of Aadhaar/10th grade.
  6. To receive SMS notifications, enter a mobile number.
  7. Give your email address so that we can communicate further.
  8. Provide your bank account information, including the IFSC code and account number.
  9. Enter your Aadhaar number in the Identification Details field.
  10. To complete your registration, click “submit.”
  11. You will receive your login details by email and SMS after registering.
  12. Use these login credentials to return to the National Scholarship Portal.
  13. Before submitting, double-check your information and upload any necessary documents.

FAQs

Q1: Who is eligible for the PM Young Achievers Scholarship Scheme?

Ans: Students from the Other Backward Class (OBC), Economically Backward Class (EBC), and Denotified Nomadic Tribes (DNT) communities are eligible. The scheme supports both pre-matric and post-matric students.

Q2: How do I apply for the scholarship?

Ans: To apply, students must pass the YASASVI Entrance Test (YET) conducted by the National Testing Agency (NTA). Once qualified, students can register on the National Scholarship Portal or the State Scholarship Portal.

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