National Savings Certificates (VIII-Issue) Scheme 2026
This scheme helps bright students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified, Nomadic Read More... Tribes (DNT) get quality education in top schools from Class 9 to 12. Read less
Details
The Ministry of Social Justice & Empowerment, Government of India, has introduced the PM-YASASVI scheme to support students from specific communities. It aims to provide excellent educational opportunities for meritorious students who belong to OBC, EBC, and DNT categories.
What Is This Scheme?
PM-YASASVI stands for the 'Prime Minister's Young Achievers Scholarship Award Scheme for Vibrant India.' This specific sub-scheme focuses on providing top-tier school education to students from OBC, EBC, and DNT backgrounds. The goal is to fund their schooling from Class 9 until they complete Class 12, ensuring they receive quality education without financial burden.
Who Can Benefit From This Scheme?
The scheme is designed for bright and deserving students who belong to the Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified, Nomadic Tribes (DNT). These students must be studying in schools recognized as 'Top Class Schools' under the scheme's guidelines and must come from families with an annual income of less than ₹2.5 lakhs.
Why This Scheme Is Important
By funding education in recognized top schools, PM-YASASVI aims to bridge the educational gap for underprivileged communities. It helps meritorious students access better learning environments, which can significantly improve their future prospects and contribute to their overall development and upliftment.
Objective
Benefits
- National Savings Certificates offer an attractive interest rate of 7.7% compounded annually but payable at maturity.
- No maximum deposit limit.
- Account matures in 5 years.
- Loan facility available by pledging with the banks.
Sources and references
Eligibility Criteria
- Students must belong to OBC, EBC, or DNT categories.
- Students must be studying in 'Top Class Schools' identified as per the scheme's guidelines.
- The annual household income of the student's family should not exceed ₹2.5 lakhs.
- The scheme is available for students studying from Class 9 onwards, up to Class 12.
- Students must have a bank account and provide accurate details during the application process.
- The shortlisted schools must have an Aadhaar-Based Attendance System that can be integrated with a central portal.
- Students receiving assistance under this scheme cannot avail benefits from any other government scheme for the same expenses covered here.
How To Apply
- Students already studying in the identified Top Class Schools (TCSs) need to apply through the National Scholarship Portal.
- Ensure you have your marks from the previous academic year's final exam ready.
- Fill out the application form accurately on the portal.
- The official application portal is: https://scholarships.gov.in/
Documents Required
- Aadhaar Card
- Recent passport-size photograph
- Marksheets/Certificates of previous educational qualifications
- Valid Income Certificate issued by the competent authority
- Domicile Certificate
- Caste/Community Certificate issued by the competent authority
- Disability Certificate (if applicable)
- Bank Account details (passbook copy or cancelled cheque)
- Any other documents as specified by the authorities
FAQ’s
What's the main goal of the PM-YASASVI scheme?
The primary aim is to offer high-quality schooling to bright students from OBC, EBC, and DNT communities by covering their educational expenses from Class 9 through Class 12.
How are the 'Top Class Schools' chosen for this scholarship?
A special committee, led by the Joint Secretary (BC) and including members from the Department of School Education and NITI Aayog, selects schools. These schools are chosen based on their consistent record of achieving 100% pass rates in Class 10 and Class 12 examinations.
What types of schools can be considered 'Top Class Schools'?
Schools identified as 'Top Class Schools' can be government-run (Central, State, or Local Body), aided institutions, or even private schools that meet the scheme's criteria.
How do I apply for the PM-YASASVI scholarship?
Students who are already studying in the designated 'Top Class Schools' can apply online through the National Scholarship Portal (https://scholarships.gov.in/). Make sure to have your previous class's final exam results handy.
Does the scholarship give preference to girls?
Yes, the scheme ensures gender equality by reserving at least 30% of the available scholarships for girl students.
What financial support can a student expect?
The scheme covers tuition fees, hostel charges, and other necessary school expenses. For students in Class 9 and 10, the maximum annual grant is ₹75,000, while for those in Class 11 and 12, it's ₹1,25,000 per year.
How is the scholarship money given to students?
The scholarship amount is directly transferred to the student's bank account using the Direct Benefit Transfer (DBT) method. Payments are made in installments, typically before August 15th each year.
Who is eligible to apply for this scholarship?
Students from OBC, EBC, and DNT communities who are studying in eligible 'Top Class Schools' and whose family's annual income is below ₹2.5 lakhs can apply.
What documents are typically needed for the application?
You'll generally need your Aadhaar Card, passport-size photo, previous marksheets, an income certificate, domicile certificate, caste certificate, disability certificate (if applicable), and bank account details.
Can I apply for this scholarship if I'm already getting help from another government scheme?
No, you cannot receive assistance from this scheme for items or purposes that are already covered by another government scheme. You must choose one.
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