Switch to desktop mode for a better experience.
UID: ST-20240830-IN-06
Download
Meta Data
Source
Last Updated
Time Range
Periodicity
E-Scholarship refers to the digital management and disbursement of scholarship funds through an online platform. This approach modernizes the traditional scholarship application process, making it more accessible, transparent, and efficient for students, educational institutions, and government agencies. By leveraging technology, e-Scholarship platforms streamline the entire lifecycle of scholarship management—from student registration and application submission to processing, sanctioning, and disbursement of funds directly into beneficiaries’ bank accounts.
The Government of India’s National Scholarship Portal (NSP) is a prime example of an e-scholarship platform designed to simplify and centralize the management of multiple scholarship schemes across the country. It serves as a single-window solution for students to access a wide range of scholarships provided by central and state governments, as well as various government agencies such as the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE).
The number of applications received in the National Scholarship Portal has grown steadily, from 1.28 crore in 2016-17 to 9.07 crore in 2023-24, representing a seven-fold increase. This substantial growth suggests increasing awareness of the scholarship program and improved access to the application process, possibly due to increased digital literacy and internet penetration across India. The number of applications verified has also shown impressive growth, increasing from 1 crore in 2016-17 to 6.85 crore in 2023-24. This six-fold increase indicates that the system has been able to scale up its verification processes to handle the growing number of applications. However, it’s worth noting that the verification rate (verified applications as a percentage of received applications) has slightly decreased over time, from about 78% in 2016-17 to about 75% in 2023-24. This could suggest a need for further optimization of the verification process to keep pace with the growing number of applications. The number of applications pushed to the Public Financial Management System (PFMS) has grown from 0.53 crore in 2016-17 to 4.33 crore in 2023-24, an eight-fold increase. This growth indicates that a significant number of verified applications are successfully moving through to the final stages of the scholarship process. Perhaps the most striking growth is seen in the amount pushed to PFMS, which has increased from 1,543.87 crore rupees in 2016-17 to 17,555.40 crore rupees in 2023-24, more than an eleven-fold increase. This dramatic rise in the amount disbursed suggests a significant expansion of the scholarship program, both in terms of the number of beneficiaries and possibly the average scholarship amount.
While all metrics show growth, the rate of growth has slowed in recent years. This could indicate that the program is reaching a mature stage or approaching saturation in its current form. The gap between applications received and applications verified has widened over time. In 2016-17, about 78% of applications were verified, while in 2023-24, this percentage dropped to about 75%. This could suggest a need for increased capacity in the verification process. The proportion of verified applications pushed to PFMS has remained relatively stable, hovering around 60-65% throughout the period. This consistency suggests a stable process for moving verified applications to the disbursement stage. The average amount pushed to PFMS per application has increased over time, from about 2,911 rupees per application in 2016-17 to about 4,054 rupees per application in 2023-24. This could indicate an increase in the average scholarship amount, possibly reflecting rising education costs or an expansion of the program to cover more expenses.
Overall, this insight shows a rapidly expanding and increasingly impactful E-Scholarship program in India. The consistent growth across all parameters indicates that the program is successfully leveraging digital technology to reach more students and disburse more funds. This initiative likely plays a significant role in improving access to education for many students across India. However, the data also suggests areas for potential improvement. The widening gap between received and verified applications, as well as the slowing growth rates in recent years, might indicate a need for further optimization of processes or expansion of capacity to handle the increasing volume of applications. In conclusion, India’s E-Scholarship program shows strong progress in digitalizing and scaling up the scholarship application and disbursement process. As this initiative continues to evolve, it has the potential to significantly impact educational access and opportunities for students across the country.
Please cite this article using proper attribution to 360 Analytika when referencing or sharing our content.
hello@360analytika.com
Siliguri, West Bengal, India
Copyright © 360 Analytika | All Rights Reserved