Daily Current Affairs : 2-August-2023

The Ministry of Social Justice and Empowerment has taken a significant step towards uplifting marginalized students by implementing the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI). This umbrella scheme aims to provide financial assistance to students from Other Backward Classes (OBC), Economically Backward (EBC), and Denotified (DNT) backgrounds to help them pursue their education without financial constraints. The scheme comprises five components and is executed in collaboration with state governments and the National Scholarship Portal (NSP).

Components of PM-YASASVI
  1. Pre-Matric Scholarship
    • Provides financial aid to OBC, EBC, and DNT students studying in classes before matriculation.
    • Aims to reduce the dropout rate and encourage students to continue their education.
  2. Post-Matric Scholarship
    • Supports OBC, EBC, and DNT students pursuing higher education after matriculation.
    • Ensures that financial constraints do not hinder their pursuit of education.
  3. Top Class School Education
    • Aims to provide quality education to students from these marginalized backgrounds.
    • Enables students to access the best educational facilities, ensuring their holistic development.
  4. Top Class College Education
    • Assists OBC, EBC, and DNT students in pursuing higher studies in prestigious institutions.
    • Empowers them to compete on a level playing field and contribute to nation-building.
  5. Construction of Hostel for OBC Boys and Girls
    • Addresses the issue of accommodation for OBC students, especially those from remote areas.
    • Provides a conducive environment for their academic growth and overall well-being.
Eligibility and Application Process

To be eligible for the PM-YASASVI scholarship, students must belong to the OBC, EBC, or DNT categories and have a family annual income of less than INR 2.5 lakh. The scheme is exclusively available for Indian students from any domicile (State/Union territory to which the applicant belongs) and is awarded by the Central government. The scholarship is distributed at two levels:

  • For candidates studying in Class 9, the scholarship amount is INR 75,000 per year.
  • For candidates studying in Class 11, the scholarship amount is INR 1,25,000 per year.
Role of Ministry of Social Justice and Empowerment

The Ministry of Social Justice and Empowerment plays a pivotal role in the successful implementation of the PM-YASASVI scheme. They collaborate with state governments and the National Scholarship Portal (NSP) to ensure the efficient distribution of scholarships. The Ministry’s efforts are aimed at providing equal opportunities to students from marginalized backgrounds and empowering them to realize their academic potential.

Impact on Students and Society

The PM Young Achievers Scholarship Scheme has brought about a positive impact on the lives of OBC, EBC, and DNT students. Some of the key benefits and contributions of the scheme are:

  • Increased enrollment: The scheme has encouraged more students to enroll in schools and colleges, reducing the dropout rate.
  • Empowerment through education: Education is a powerful tool that can break the cycle of poverty and empower students to lead successful lives.
  • Diversity in education: By supporting students from diverse backgrounds, the scheme fosters inclusivity and diversity in educational institutions.
  • Skill development: Educated youth can acquire valuable skills, contributing to the economic growth and development of the nation.
  • Social transformation: Scholarships play a vital role in uplifting marginalized communities and promoting social equality.

Important Points:

  • The Ministry of Social Justice and Empowerment implements the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI) for OBC, EBC, and DNT students.
  • The scheme has five components: Pre-Matric Scholarship, Post-Matric Scholarship, Top Class School Education, Top Class College Education, and Construction of Hostel for OBC Boys and Girls.
  • Its primary goal is to provide financial assistance to students belonging to OBC, EBC, and DNT categories.
  • The scholarship is available for Indian students with a family annual income of less than INR 2.5 lakh.
  • The scheme is executed in collaboration with state governments and the National Scholarship Portal (NSP).
  • Two scholarship levels are available: INR 75,000 per year for Class 9 students and INR 1,25,000 per year for Class 11 students.
  • The Ministry aims to reduce the dropout rate and encourage students to continue their education through this scheme.
  • It also focuses on providing quality education and access to prestigious institutions for students from marginalized backgrounds.
  • The Ministry’s efforts are aimed at providing equal opportunities to students from OBC, EBC, and DNT categories and empowering them to reach their academic potential.
  • The scheme has resulted in increased enrollment, empowered students through education, fostered diversity in education, and promoted skill development among educated youth.
  • By uplifting marginalized communities, the scheme contributes to social transformation and promotes social equality.
  • The PM Young Achievers Scholarship Scheme plays a crucial role in creating a vibrant and inclusive India where education is a pathway to success and prosperity.
Why In News

The Ministry of Social Justice and Empowerment is diligently overseeing the successful implementation of the PM Young Achievers Scholarship Award Scheme for Vibrant India (PM-YASASVI), which aims to uplift and empower not only the OBC community but also other marginalized sections of society. Through this comprehensive umbrella scheme, talented and deserving individuals from diverse backgrounds are provided with ample opportunities to thrive and contribute to the nation’s progress.

MCQs about PM-YASASVI

  1. What is the primary objective of the PM Young Achievers Scholarship Scheme?
    A. To provide financial assistance to students from all social backgrounds.
    B. To reduce the dropout rate and encourage students to continue their education.
    C. To promote sports and extracurricular activities among students.
    D. To support research projects in educational institutions.
    Correct Answer: B. To reduce the dropout rate and encourage students to continue their education.
    Explanation: The PM Young Achievers Scholarship Scheme aims to provide financial assistance to OBC, EBC, and DNT students, with the primary goal of reducing the dropout rate and encouraging them to pursue their education without financial constraints.
  2. What is the income eligibility criterion for the PM Young Achievers Scholarship Scheme?
    A. Family annual income less than INR 5 lakh.
    B. Family annual income less than INR 1 lakh.
    C. Family annual income less than INR 2.5 lakh.
    D. Family annual income less than INR 10 lakh.
    Correct Answer: C. Family annual income less than INR 2.5 lakh.
    Explanation: Students with a family annual income of less than INR 2.5 lakh are eligible to apply for the PM Young Achievers Scholarship Scheme.
  3. What are the components of the PM Young Achievers Scholarship Scheme?
    A. Top Class School Education and College Admission Assistance.
    B. Post-Matric Scholarship and Skill Development Program.
    C. Pre-Matric Scholarship and Top Class College Education.
    D. Construction of Hostel for OBC Boys and Girls.
    Correct Answer: C. Pre-Matric Scholarship and Top Class College Education.
    Explanation: The PM Young Achievers Scholarship Scheme consists of five components, and the correct combination is Pre-Matric Scholarship and Top Class College Education.
  4. Who implements the PM Young Achievers Scholarship Scheme?
    A. Ministry of Education
    B. Ministry of Social Justice and Empowerment
    C. Ministry of Finance
    D. Ministry of Human Resource Development
    Correct Answer: B. Ministry of Social Justice and Empowerment
    Explanation: The PM Young Achievers Scholarship Scheme is implemented by the Ministry of Social Justice and Empowerment in collaboration with state governments and the National Scholarship Portal (NSP).

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