This is a 100 % centrally sponsored scheme being implemented through the State Government and Union Territories. The objective of the scheme is to provide financial assistance to the OBC students studying at post-matriculation or post-secondary stage to enable them to complete their education. The income ceiling of parents/guardians for eligibility is Rs.1.00 lakh per annum (including self income, if employed).
The rates under different Post-Matric Courses ranges between Rs. 750 per month and Rs. 260 per month for hostellers. For the day scholars the range is Rs. 350 to Rs. 160. Scholarship also include study tour charges @ Rs. 900 per annum (subject to actual expenditure), Thesis typing and printing charges @ Rs. 1000 (maximum), Book allowance for correspondence course @ Rs. 900 per annum and Reader charges for blind students in the range between Rs. 90 p.m. to Rs. 175 p.m.
The scholarship for Commercial Pilot License (CPL) course is also covered under this scheme. Upto 20 awards per year for the whole country are provided on the first come first-serve basis. The selected candidates are provided an amount of Rs.5000/- per flying hour in single/multiengine aircraft for 200 hours. In addition, maintenance allowances @ Rs. 750 p.m. for hostlers and Rs. 350 p.m. for day scholars is also paid.