Following are the details:
- A campaign will be launched to enroll the students, from the poorest households passing the 10th standard, in the higher education courses of their choice in the next 5 years.
- The scheme will be run on an online platform with robust cyber security measures that would assure transparency and timely delivery of the assistance.
- The States will undertake fool-proof verification of the eligibility, caste status, Aadhar identification and bank account details on the online portal.
- Transfer of financial assistance to the students under the scheme shall be on DBT mode, and preferably using the Aadhar Enabled Payment System. Starting from 2021-22, the Central share (60%) in the scheme would be released on DBT mode directly into the bank accounts of the students.
- Monitoring mechanism will be further strengthened through conduct of social audits, annual third party evaluation, and half-yearly self-audited reports from each institution.
- The Central Assistance which was around Rs 1100 crore annually during 2017-18 to 2019-20 would be increased more than 5 times to be around Rs 6000 core annually during 2020-21 to 2025-26.
