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Cabinet Okays Continuation, Revision of Post-Matric Scholarship for OBC Students

PTI Last Updated at 09-08-2018 20:11:48 IST India

The Cabinet Committee on Economic Affairs today gave its nod for revision and continuation of a centrally-sponsored scheme to provide a post-matric scholarship for students belonging to Other Backward Classes (OBC) from the financial year 2017-18 to 2019-20, an official statement said.

Revision in the Post-Matric Scholarship to the OBC Students (PMS-OBC) scheme to ensure effective implementation and better monitoring of the schemes include increasing annual parental income from Rs one lakh to Rs 1.5 lakh, earmarking 30 percent of the allocated funds for girl students and 5 percent for students with disabilities.

It also includes disbursement of scholarships through Aadhaar-linked bank accounts, according to the statement.

Since the scheme is funds-limited, central assistance shall be released according to the National Allocation. The concept of Committed Liability will not apply to states and Union Territories for releases.

The estimated cost of the scheme will be Rs 3,085 crore, the statement stated.

The revised scheme will cover larger numbers of eligible and deserving poor OBC students who will be able to pursue higher studies. It will also ensure effective implementation, achieve de-duplication and enhanced monitoring.

The PMS-OBC, a flagship scheme of the Ministry of Social Justice and Empowerment, has been in operation since 1998-99. It enables approximately 40 lakh OBC students to pursue higher study after class 10 every year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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