The Pradhan Mantri Uchchatar Sikhsha Protsahan (PM-USP) Central Sector Scheme of Scholarship for college and university students” it is implemented by the Department of Higher Education Since 2008. The objective of the scheme is to provide financial assistant to the meritorious students, to meet part of their day to day expense while pursuing higher studies.
eligibility criteria for applying the “Central Sector Scheme of Scholarship for College and University Students”:
PM-USP Central Sector Scheme of Scholarship for College and University Students is a merit-cum-means scholarship scheme.
Eligibility conditions for FRESH application:
Students who are above 80th percentile of successful candidates in the relevant
stream from a particular Board of Examination in Class XII
Students pursuing regular course (not correspondence or distance mode)
Having family income upto Rs. 4.5 lakh per annum
Not receiving any other scholarship or fee reimbursement of any kind
Diploma students are not eligible under the scheme.
Students who had taken a drop after 12th class are not eligible under the scheme.
Methodology adopted for generating Merit List for selecting the beneficiaries under the Scheme:
From the eligible applicants, merit list is drawn based on gender (50 boys: 50 girls),stream (3-Science: 1-Commerce: 3-Humanities), Category (SC-15 %, ST-7.5 % and OBC-27 %), and 5 % horizontal reservation is provided for students with Benchmark Disabilities (Disability of 40% or more) from the allocated slots of respective State Education Boards. In case of shortfall in the number of applications, the scholarship slots shall be interoperable among categories (Gen, OBC, SC & ST), gender (Female, Male) and State Quota to maximize use of slots for fresh scholarships with effect from academic year 2022-23, subject to the condition that guidelines of Ministry of Finance and NITI Aayog regarding SC/ST fund allocation of the schemes are adhered to.
The rate of scholarship under the Scheme
The rate of scholarship is Rs. 12,000/- per annum at Graduation level for first three years of College and University courses and Rs. 20,000/- per annum at Post-Graduation level. Students pursuing technical courses are paid Rs. 20,000/- per annum in the 4th and 5th year. Students pursing B.Tech/ BE would get scholarship for 4 years only i.e Rs. 12000 per annum for first three years and Rs. 20,000 per annum in the 4th year.
How a second/ third/ fourth year student gets scholarships?
All the students finally selected for scholarship in first year are eligible for renewal of scholarships in 2nd/ 3rd years subject to fulfilment of certain eligibility conditions. The students have to apply again in the same portal as renewal applicant and provide necessary marksheets, etc. for this. The applicant should not receive scholarship from any other department/ ministry.
How a second/ third/ fourth year student gets scholarships?
All the students finally selected for scholarship in first year are eligible for renewal of scholarships in 2nd/ 3rd years subject to fulfilment of certain eligibility conditions. The students have to apply again in the same portal as renewal applicant and provide necessary marksheets, etc. for this. The applicant should not receive scholarship from any other department/ ministry.
The methodology for disbursement of scholarship under the Scheme:
Scholarship is disbursed through Direct Benefit Transfer (DBT) mode i.e. directly into the bank accounts of the beneficiary. The scholarship amount will be disbursed in the Aadhaar Seeded Bank Account. To have seamless disbursal of scholarships, students are required to seed the Aadhaar with the bank account as mentioned in the application form. The student can track his/her payment status from the template “Know Your Payment” in the
Public Financial Management System (PFMS) portal and can also check status on NSP with their login credentials. If the PFMS status is shown as “Success”, then the student is required to check the status of the bank account which was seeded with Aadhaar at the time of transaction.
Fore more information please follow the official website and bellow links:
| FAQ for the Scheme | Click Here |