New Delhi, Sep 18: The Cabinet Committee on Economic Affairs (CCEA) on Thursday, Sep 18 gave its approval for implementation of central sector scheme of scholarship for college and university students at a cost of Rs 1000 crores during the 11th Five Year Plan period. It also gave its approval to renew scholarship of the National Scholarship holders under the old scheme, with effect from 2008-09 till completion of their courses and to disburse the scholarship to them through the designated banks under the new scheme, without payment of arrears.
The scheme will help the meritorious students belonging to poorer sections of the society to meet their day-to-day expenses while pursuing college or university education, who are not benefited by any other scholarship scheme. It will also help to alleviate any hardship faced by the students due to discontinuation of the old scheme.
The Scheme will be operational from the financial year 2008-09 and payments will be made from the year 2008-09 till the completion of the course by the student.