Government announces complete fee waiver for IIT students from Economically Backward Class

interest free loan, fee waiver, sc, st, economically backward class

Schemes for Economically Backward Class students were given by the Minister of State (HRD), Satya Pal Singh.

Government has been trying to uplift the marginalized sections of the society either by giving them reservation quota in education and job sector or by providing them with financial assistance. Once again, the Ministry of Human Resource Development has planned to launch a list of schemes supporting the Economically Backward Class students. The scholarships and schemes are for selective students who meet the eligibility criterion.

This information was given by the Minister of State (HRD), Satya Pal Singh in a written reply to a Rajya Sabha question.

Here’s a look at the list of schemes to implemented to support the Economically Backward Class students:

1. Central Sector Scheme of Scholarship for College and University Students (CSSS)

Candidates whose family income is less than Rs 8 lakh per annum can avail Rs 10, 000 per annum for first three years and Rs 20, 000 per annum for the fourth and fifth year. .

2. Special Scholarship Scheme for Jammu & Kashmir (SSS for J&K)

This scholarship is dedicated to students from the State of Jammu & Kashmir whose family income is less than Rs 8 lakh per annum.

Candidates can pursue education outside the state of J&K.

They can get Rs. 1.30 lakh to Rs. 4.00 lakh per annum.

3. Central Sector Interest Subsidy Scheme (CSIS)

Students can avail full interest subsidy on an educational loan up to Rs 7.5 lakh.

Their parents should have an annual income of up to Rs 4.5 lakh.

4. Fees Waiving in IITs

Earlier, in the academic year 2016-17, the tuition fee of socially and economically backward students at the IIT was waived off.

However, now, SC/ST/PH students shall get complete fee waiver.

Students whose parents earn less than Rs 1 lakh can get full remission of the fee.

If their family earns between Rs 1 lakh and 5 lakh per annum, they can get a remission of two-third of the fee.

All students have an opportunity to have an access to interest free loan under the Vidyalaxmi scheme for the total portion of the tuition fee payable.

Beside these schemes, a number of other education benefits can be availed by the economically backward section:

(i) Remedial Coaching for SC/ST/OBC (Non-Creamy Layer) and minority community students.

(ii) Coaching for NET/SET for SC/ST/OBC (Non-Creamy Layer) and minority community students.

(iii) Coaching classes for entry into services for SC/ST/OBC (Non-Creamy Layer) and minority community students are also being given.

“The payment for the above mentioned schemes are processed online through PFMS and scholarship / interest subsidy is released through Direct Benefit Transfer (DBT) mode,” as mentioned in a Press Information Bureau statement.