✅Online submission/registration of fresh applications and renewal for the National Scholarship Portal (NSP) for the National Means-cum-Merit Scholarship Scheme (NMMSS) for the project year 2023-24.

♻️National Means-cum-Merit Scholarship Scheme (NMMSS) :

✅The objective of the scheme is to offer scholarships to meritorious students of economically weaker sections to reduce the dropout rate from schools encouraging them to continue their studies at the secondary level. 

✅To take the scheme further, one lakh fresh scholarships will be provided to the students of class IX every year and their continuation in classes X to XII. 

✅It covers government-aided and local body schools apart from the schools under the state government. 

✅The students are selected through an examination conducted by the state and union territories.

✅The scheme is available on the National Scholarship Portal.

✅The scholarships are transferred to the bank accounts of the selected students through the Public Financial Management System (PFMS).

✅As this is a central sector scheme, 100% of funds are provided by the central government.

♻️Eligibility criteria : 

✅Students whose parental income from all sources is not more than ₹3,50,000 per annum are eligible to avail of the scholarships. 

✅The students must have a minimum of 55% marks or equivalent grade in the Class VII examination to appear in the selection test for the award of scholarship (relaxable by 5% for SC/ST students).

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