MCM Scholarship 2023: It has been decided to extend the Means-cum-Merit Scholarship by 5 years. Union Education Minister Dharmendra Pradhan announced in this regard. The decision has been taken to maintain continuity in secondary level education and prevent students in class VIII from dropping out. Under this, the National Means-cum-Merit of Rs. 1,827 crore has been introduced for the financial year 2022-27.
The Means-cum-Merit Scholarship Scheme has been revised and expanded. Education Minister Dharmendra Pradhan has tweeted in this regard. Many students drop out of school after the eighth grade, and as a result, school enrollment is declining. The scheme was launched to address the leakage problem and ensure continuity of education at the secondary level. The central government has sanctioned Rs 1827 crore for the next 5 years to continue the scholarship.
The National Means-cum-Merit Scholarship Scheme provides scholarships to meritorious students from economically weaker societies through the National Medium-cum-Merit Scholarship (NMMS) examination. Scholarships are awarded annually to students of class IX selected through the NMMS examination to continue their studies till class XII. MCM Scholarship Scheme was first started in 2008-09. Since then, about 22.06 scholarships have been sanctioned, according to the Ministry of Education statement. Scholarships will be given to 14.76 lakh students in the extended phase of the scheme.
Over the next 5 years, financial assistance of since its inception in 2008-09, the scheme has benefited over 22 lakh poor students. Scholarship schemes are being implemented by the Central and several State Governments for the education of students. Scholarships are given to poor and deserving students to assist in their studies. The government is implementing many scholarship schemes for higher education.