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24 Feb 2022 National Means-Cum-Merit Scholarship- NMMSS

Posted at 12:36h in Daily current-affairs by khyati khare 0 Comments

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Recently, the National Means-cum-Merit Scholarship (NMMSS) by the Ministry of Education has been approved by the 15th Finance Commission with a total financial outlay of Rs 1827.00 crore for a period of five years i.e. from the year 2021-22. Approved to continue till 2025-26 with minor changes in eligibility criteria and revision of renewal criteria under this scheme.

It is a central sector scheme, which was started in the year 2008-09 to prevent the meritorious students from economically weaker sections from dropping out of their studies in class VIII.
06 lakh scholarships have been sanctioned till the year 2020-21, involving an expenditure of Rs.1783.03 crore.
It deals with encouraging students to continue their studies at the secondary level.
Under this scheme, the state government would provide one lakh new scholarships every year to the selected students of classes IX to XII to study in government aided and local body schools and encourage their continuation/renewal in classes X to XII.

Under this scheme one lakh new scholarships of Rs. 12,000/- per annum (Rs. 1000/- per month) are provided to the selected students of class IX every year.
The students are selected through the examination conducted by the state governments for providing scholarship.
The scholarship is disbursed directly into the bank accounts of the students by the State Bank of India on quarterly basis.

Students whose parents’ income from all sources does not exceed Rs.3,50,000 per annum. They are eligible to receive the scholarship.
Students studying in Kendriya Vidyalayas, Jawahar Navodaya Vidyalayas and residential schools run by state government institutions and private schools are not eligible to get scholarship under this scheme.
At the time of selection for the scholarship, the candidate must have secured at least 55% marks or equivalent grade in the 8th standard examination. There will be a relaxation of 5% for Scheduled Castes and Scheduled Tribes.