The Cabinet has approved major and transformatory changes in the Centrally Sponsored Scheme ‘Post Matric Scholarship to students belonging to Scheduled Castes (PMS-SC)’ to benefit more than 40 million SC students in the next 5 years so that they can successfully complete their higher education. This involves expenditure of INR 59,048 crore (USD 8 billion) of which Central Government would spend 60% and the balance would be spent by the State Governments. The Post Matric Scholarship Scheme for Scheduled Castes allows students to pursue any post matric course starting from class 11th and onwards, with the Govt meeting the cost of education.
