Posted by What Is Pradhan Mantri Uchchatar Shiksha Protsahan PM-USP Central Sector Scheme of Scholarship?
Pradhan Mantri Uchchatar Shiksha Protsahan PM-USP Central Sector Scheme of Scholarship, no collateral security or third-party guarantee is required for Education Loan sanctioned upto Rs. 7.5 lakh. The lonee bank is to ensure that this part of the loan is covered for guarantee under Credit Guarantee Fund Scheme for Education Loan (CGFSEL).
The Scheme is adopted by all Scheduled Banks/Regional Rural Banks (RRBs)/Cooperative Banks and is linked with the existing Model Educational Loan Scheme of the Indian Banks’ Association.
University Grants Commission (UGC) has issued invitation of fresh/ renewal applications under Pradhan Mantri Uchchatar Shiksha Protsahan PM-USP Central Sector Scheme of Scholarship for College and University students. Every year the Ministry of Education invites applications under the Pradhan Mantri Uchchatar shiksha Protsahan (PM-usP) central sector scheme of Scholarship through the National Scholarship Portal (NSP). This year it has been found that many eligible renewal applicants are yet to apply for renewal of their scholarship. The students who missed to apply for renewal of application online on NSP will be allowed to apply for renewal of scholarship for subsequent year on NSP, if he/ she fulfils eligibility condition for renewal.
What Are The Details Of The Opportunity?
- Eligibility for Scholarship:
- Students who are above 80th percentile of successful candidates in the relevant stream from the respective Board of Examination in Class XII of 10+2 pattern or equivalent;
- Pursuing regular degree courses and not correspondence or distance mode or pursuing Diploma courses;
- Pursuing courses at colleges/institutions recognized by All India Council for Technical Education and respective Regulatory Bodies concerned;
- Not availing benefit of any other scholarship schemes including State run scholarship schemes/ fee waiver & reimbursement scheme;
- Students with gross parental/family income upto Rs. 4.5 lakh per annum are eligible for scholarship under the scheme. Income certificate will be required only for the fresh applicants;
- Student changing his/ her college/institute of study will be allowed to continue/renew the scholarship provided the course of study and the institution is having valid AISHE Code; The AISHE code can be checked in the portal by CLICK HERE
- Students who missed to apply for renewal of application online on NSP will be allowed to apply for renewal of scholarship for subsequent year on NSP, if he/she fulfils eligibility condition for renewal;
- For renewal of scholarship in each year of study, besides getting at least 50% marks in the Annual Examination, maintenance of adequate attendance of at least 75%, will also be the criteria. Complaints against the student regarding any in disciplined or criminal behaviour including any complaints of having indulged in ragging, will lead to forfeiture of scholarship;
- Application Process:
- The applicants may approach the Ministry with the valid documents to ascertain their eligibility for the renewal, and verifying, the Ministry makes them eligible for the renewal in the Academic Year 2023-24,” added the Commission.
- Beneficiaries/ Applicants under the scheme must apply online in the National Scholarships Portal by CLICK HERE for the fresh/ renewal scholarships.
- Fresh/Renewal applications sent directly to the Ministry of Education shall not be accepted.
For More Information:
CLICK HERE For The Flyer
CLICK HERE For The Notification
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