Government of India announces Scholarship Programme for Economical Unstable Students!

The application date for the National Means Cum Merit Scholarship Scheme (NMMSS) scholarships has been extended to February 9. The scholarship system intends to provide financial aid to deserving students from economically weaker backgrounds, with a focus on those who are in danger of dropping out after 8th grade.

The initiative offers annual scholarships to one lakh selected students in Class 9, with the option to renew as they move from Grades 10 to 12 in state government, government-aided, and local body institutions. The scholarship is worth ₹12,000 per year.

The National Means Cum Merit Scholarship Scheme (NMMSS), administered through the National Scholarship Portal (NSP), ensures that scholarships are disbursed directly to students' bank accounts via electronic transfer through the Public Financial Management System (PFMS) using the Direct Benefit Transfer (DBT) mode. This method is implemented at the Central Sector level.

To qualify for the scholarships, students must demonstrate that their parents' total annual income from all sources does not exceed ₹ 3,50,000. Furthermore, to be eligible for the scholarship selection test, candidates must get at least 55% or an equivalent grade in their Class VII examination, with a 5% relaxation for SC/ST students. The verification procedure is divided into two stages: L1 is carried out at the Institute Nodal Officer (INO) level, while L2 is monitored by the District Nodal Officer (DNO). The deadline for INO level (L1) verification is February 15, 2024, while DNO level (L2) verification is due by February 26, 2024.