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The skyrocketing fees of schools, colleges and professional courses in the country have broken the back of middle and poor class families. In today’s era, providing higher education to children has become a big financial burden for parents. In view of this serious problem, the Central Government has started many important scholarship and education assistance schemes for students across the country.

The biggest objective of these schemes is that no promising student of the country should leave his studies midway due to financial constraints. For the convenience of students, the government has linked a large part of these schemes to the National Scholarship Portal (NSP). Through this digital platform, students can easily apply, verify their documents and check scholarship status at one place. Let us know about these 4 big schemes of the government which are changing the future of the students.

The future will shine with PM Yashasvi Yojana

This scheme has been launched mainly keeping in mind the students of OBC, EBC and DNT categories. Its main objective is to provide better financial assistance for studies to the meritorious students from the deprived and backward sections of the society, so that they can get equal opportunities to progress in the field of education.

Under this scheme, students get tremendous assistance at school and higher education level. Scholarships up to Rs 1.25 lakh are provided to eligible students. Not only this, in some special cases, students are also given fee assistance up to Rs 2 lakh and necessary facilities like laptop for studies.

PM Vidyalakshmi Yojana will provide loan without guarantee

Higher education requires huge amount of money and the solution to this problem is PM Vidyalakshmi Yojana. This scheme focuses on providing education loans to students without any guarantee or collateral. The aim of the government is to free students from financial worries and encourage them to pursue higher education. However, to avail the benefit of this scheme, the annual income limit of the family should be around Rs 4.5 lakh.

The biggest feature of this scheme is that education loan is easily available without any guarantee. Besides, interest subsidy is also given by the government on loans up to Rs 8 lakh. Banks easily grant loans under this scheme for studies in big and higher educational institutions of the country. For this, students have to apply online through Vidya Lakshmi portal.

Support of PM Higher Education Promotion Scheme

This scheme is especially for those poor and bright students who want to continue their studies at college and university level. To avail the benefit of this scheme, some important conditions have been set, like the student must have secured at least 80% marks in class 12th, the family income should be limited (up to approximately Rs 4.5 lakh) and it is mandatory for the student to take admission in a regular course.

Talking about the benefits available under this scheme, students are given Rs 12,000 per year in the first three years of graduation. At the same time, students doing Post Graduation (PG) get assistance of Rs 20,000 per year. Apart from this, in long-term professional courses like medical and engineering, financial assistance from the government continues till the fourth and fifth years.

UGC Post Graduate Scholarship Scheme

This fantastic scheme is run by the University Grants Commission (UGC) and is mainly designed for students pursuing post graduation. This scheme is playing a very important role in promoting higher education and research (Anusandhan) in the country.

Under this scheme, students are selected entirely on the basis of merit i.e. their ability. The age of the beneficiary applying should be less than 30 years. Under this scheme, huge financial assistance of up to Rs 3 lakh is provided to the students for 2 years post graduation course.