The Union Cabinet today approved implementation of 'Prime Minister's Research Fellows (PMRF)' scheme at a total cost of Rs.1650 crore for a period of seven years beginning 2018-19.
The Prime Minister has emphasized the importance of innovation and technology for the progress and development of the nation. This fellowship scheme is key to realizing his vision of development through innovation. The scheme has been announced in the Budget Speech 2018-19.
Under this scheme, the best students who have completed or are in the final year of B. Tech or Integrated M.Tech or M.Sc. in Science and Technology streams from IISc/IITs/NITs/IISERs/IIITs will be offered direct admission in PhD programme in the IITs/IISc. Such students, who fulfill the eligibility criteria, and shortlisted through a selection process, as laid down in the PMRF Guidelines, will be offered a fellowship of Rs.70,000/- per month for the first two years, Rs.75,000/- per month for the 3rd year, and Rs.80,000/- per month in the 4th and 5th years. Apart from this, a research grant of Rs.2.00 lakh will be provided to each of the Fellows for a period of 5 years to cover their foreign travel expenses for presenting research papers in international conferences and seminars. A maximum of 3000 Fellows would be selected in a three year period, beginning 2018-19.
The scheme will go a long way in tapping the talent pool of the country for carrying out research indigenously in cutting edge science and technology domains. The research under the Scheme will address our national priorities at the one hand and shortage of quality faculty in the premier educational institutions of the country, on the other.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)