National Means cum Merit Scholarship scheme

About:

• It is a Central Sector Scheme that was launched in 2008.
• Objective: Award scholarships to meritorious students of economically weaker sections to arrest their drop out at class VIII and encourage them to continue their education at secondary stage. 
• Features:One lakh fresh scholarships are awarded to selected students of class IX every year and their continuation / renewal in classes X to XII for study in State Government, Government-aided and Local body schools under the scheme. The amount of scholarship is Rs. 12000/- per annum from 1st April 2017 (earlier it was Rs. 6000/- per annum).
• The Cabinet has approved continuation of the Scheme from FY 2021-22 to FY 2025-26 with total allocation of Rs.1827 crores.

Source : PIB