The Human Resource Development Ministry (MHRD) has decided to provide financial assistance for higher education to needy children who have passed with minimum B1 grade under CBSE grading system in X / XII examination.
Parents’ income of such children should not exceed Rs. 5000/- per month. The amount of grant given to such meritorious students shall not exceed Rs. 20,000/- for Class X and Rs. 40,000/ for class XII during any one financial year.
Grants for financial assistance will be sanctioned from HRD Minister’s Discretionary Fund. Preference will be given to physically handicapped children; children belonging to SC/ST/OBC/ex-servicemen/girl child from rural area and girl child under BPL.
To avail assistance under HRM’s discretionary fund, the students need to apply in the prescribed application form available in the website mhrd.gov.in.