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Source: The post is based on the article “Scholarships for Higher Education for Young Achievers Scheme (SHREYAS) for OBC & Others” published in “PIB” on 15th November 2023
Why in the News?
This article provides information about the Scholarships for Higher Education for Young Achievers Scheme(SHREYAS).
What is SHREYAS Scheme?
| Specifications | Details |
| Nodal Ministry | Ministry of Social Justice & Empowerment |
| Aim | To educationally empower OBC & EBC students by way of awarding fellowship (financial assistance) in obtaining quality higher education and interest subsidy on educational loan for overseas studies. |
| Sub Schemes | 1)National Fellowship for OBC 2)Dr.Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for Other Backward Classes (OBCs) and Economically Backward Classes (EBCs) |
| Duration of the Scheme | 2021-22 to 2025-26 |
What is the National Fellowship for OBC Scheme?
| Specifications | Details |
| Type | Central Sector Scheme |
| Aim | To provide fellowship (financial assistance) to the OBC students in obtaining quality higher education leading to degrees such as M.Phil and Ph.D in universities, research institutions and scientific institutions. |
| No of Fellowships | 1000 per year |
| Eligibility Tests | i) National Eligibility Test – Junior Research Fellowship (NET-JRF) for Humanities/Social Sciences. ii) UGC-Council of Scientific and Industrial Research (UGC-CSIR) NET-JRF Joint Test for Sciences. |
| Coverage | All universities/institutions recognized by the UGC |
| Implementing Body | National Backward Classes Finance and Development Corporation |
What is Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for Other Backward Classes (OBCs) and Economically Backward Classes (EBCs)?
| Specifications | Details |
| Type | Central Sector Scheme |
| Aim | Provide interest subsidy on educational loans for overseas studies to OBC and EBC students. |
| Eligible Courses | Masters, M.Phil, and Ph.D. level courses abroad. |
| Nodal Bank | Canara Bank |
| Income Criteria | OBC: Total income should not exceed Creamy Layer criteria. EBC: Total income not exceeding Rs. 5.00 lakh per annum. |
| Reservation for women | 50% of the total financial assistance reserved for women candidates. |
| Maximum Limit of Loan | Rs 20 Lakhs |
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