Government of India extends National Means-cum-Merit Scholarship for the next five years
Tags: National News
The government of India has extended the central sector scheme “National Means-cum-Merit Scholarship (NMMSS)” till 2025-26.
The government has allocated Rs. 1827.00 crore for the scheme for the next five year duration 2021- 26.
The government of India has also increased the income limit ceiling to Rs 3.5 lakh per annum . It was earlier Rs 1.5 Lakh per annum. It means that students whose parents annual income is upto Rs 3.5 lakh per annum are eligible for scholarship.
National cum Merit Scholarship Scheme (NMMSS)
The National Cum Merit Scholarship scheme was launched by the Government of India in 2008-2009 .
The objective of the scheme is to award scholarships to meritorious students of economically weaker sections to arrest their drop-out at class VIII and encourage them to continue their education at secondary stage.
Under this scheme government of India provides one lakh fresh scholarships of Rs.12,000/- per annum (Rs.1000/- per month) per student to selected students of class IX every year and their continuation/renewal in classes X to XII for study in State Government, Government-aided and Local body schools under the scheme.
Students are selected for the award of scholarships through an examination conducted by the State/ UT Governments. The scheme is registered on the National Scholarship Portal (NSP).
Scholarships are disbursed directly into the bank accounts of students by electronic transfer.
100% funds under the scheme are provided by the Central Government.
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