Vidyanjali Scholarship Programme |ForumIAS

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Source-This post on Vidyanjali Scholarship Programme is based on the article “Shri Dharmendra Pradhan launches EdCIL Vidyanjali Scholarship Programme” published in “PIB” on 6th February 2024.

Why in the News?

The Union Minister of Education recently launched the EdCIL Vidyanjali Scholarship Programme.

Aspect	Details
About	1. This initiative ensures that meritorious Navodaya Vidyalaya students lacking financial means have access to high-quality learning systems. 2. It facilitates a smooth transition from secondary to higher education while also providing financial support.
Nodal Ministry	Ministry of Education
Implementing agency	EdCIL (Educational Consultants India Limited)
Funding	It secures support and funding from non-governmental partners and private entities, including CSR grants, national and international donors, as well as impact investors.
Beneficiaries	Students of Class XI and XII attending Navodaya Vidyalayas nationwide.
Features	1. A fintech platform created for Vidyanjali will distribute sponsorships directly to students through Direct Benefit Transfer (DBT). 2. This platform will be instrumental for collecting data, managing student applications, monitoring student progress, tracking grant distribution, overseeing fund usage, creating impact reports for SDG progress, recognizing notable student achievements, and publicly thanking funders, among other functions.

1. It is the sole Public Sector Undertaking (PSU) under the Ministry of Education.

2. It was incorporated under the Companies Act of 1956, on June 17, 1981.

3. It is classified as a ‘Mini Ratna Organization‘ by the Government of India.

4. It provides consulting and technical services in Education and Human Resource Development, both domestically and internationally.

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