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Funds meant for Pre-Matric Scholarship Scheme siphoned off

  • IASbaba
  • November 3, 2020
  • 0
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Funds meant for Pre-Matric Scholarship Scheme siphoned off

Part of: GS Prelims and GS-II – Welfare schemes

In news

  • A recent investigation has found that the money meant for poor students under the Pre-Matric Scholarship Scheme in Jharkhand has been siphoned off and is not reaching the students.

Important value additions 

Pre-Matric Scholarship Scheme

  • It is a centrally funded scholarship scheme for students in all states. 
  • It opens every year and has to be applied between August and November.
  • Aim: To help students of minority communities – Muslims, Christians, Sikhs, Parsis, Jains and Buddhists having annual income below Rs. 1 lakh.
  • Eligibility: Students need to score at least 50% in their class exams.
  • It is given in two tiers every year: (1) Students in class 1 to 5: Rs. 1,000 per year; (2) Students of class 6 to 10: Rs. 10,700 if a hosteller or Rs 5,700 if a day scholar.

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