This is a centrally sponsored scheme. The expenditure is shared between centre and state in 50:50 ratio. The aim of this Scheme is to motivate children of OBCs studying at pre-matric stage. The income ceiling for eligibility is Rs. 2,50,000/- per annum. The scheme has been revised w.e.f. 2017-18.
The rates under the scheme are as follows:
Class I to X Rs. 100/- p.m for 10 months.
Class III to X Rs. 500/- p.m. for 10 months.
In addition, Rs.500/- per student per annum to all students i.e. hostellers as well as day scholars is also given as Ad-hoc grant.