In 1961-62, National Merit Scholarship Scheme was started by MHRD to provide financial assistance to the academically bright students who are willing to go for higher education but cannot do so because of lack of financial means. In the 11th five year plan Central Sector Scholarship replaced National Merit Scholarship Scheme but the basics of the Scholarship remained the same.
Ministry of Human Resource Development is responsible for providing funding for the scholarship and the scheme is executed with the help of CBSE and State Boards. In order to be eligible for the scholarship, the annual family income of the candidate should be less than Rs. 4.5 lakh, he/she should have cleared class 12 and obtained Minimum Total Aggregate Marks for all categories (SC/ST/OBC/UR) to apply for Scholarship i.e. 426 in Science/ 412 in Commerce/ 351 in others.
Annually Ministry of Human Resource development grants 82000 scholarships with equal division among boys and girls. CBSE/ICSE & State Boards shoulder the responsibility of identifying eligible candidates from their own result and inform them about their eligibility for the scholarship. The candidates who are willing to get benefit of the scholarship are required to submit the applications along with required documents to the Head of the Institute where the student has taken admission.
The Head of the Institution will forward the application forms to the respective boards and from there a list of candidates based on their financial needs and academic merit will be forwarded to the Ministry of Human Resource Development. National Scholarship Division of MHRD will make necessary arrangement for the disbursement of the scholarship.
Now let us have a look at the rewards of Central Sector Scholarship: