Yes! You read that right. This scheme approved by the Union Cabinet at a cost of Rs 1,650 crore for a period of 7 years and going to start in 2018-19.
“The Prime Minister Research Fellowship scheme for 1,000 B.Tech students for pursuing PhD courses at IITs and IISc will help convert brain drain into brain gain”
Mr Prakash Javadekar, Union HRD Minister
The Finance Minister Mr Arun Jaitly announced this great initiative to give a beautiful hike in the engineering employment level. Mr Javadekar further added by saying “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,” Javadekar told reporters at a press conference here. “Research under the scheme will address our national priorities at the one hand and the shortage of quality faculty in premier educational institutions of the country on the other. It will help convert brain drain into brain gain,” he said
The students who have completed or are in final year of B.Tech or integrated M.Tech or M.Sc in science and technology streams at IISc, IITs, NITs, IISERs, IIITs will avail this scheme by getting direct admissions in PhD programmes in IITs and IISc. A fellowship of Rs 70,000 a month during the first two years will be given to those students who fulfil the eligibility criteria. Rs 75,000 per month during the third year and Rs 80,000 per month during the fourth and the fifth year, it gets added. A research grant of Rs 2 lakh each will also be provided to the fellows for a period of five years to cover their foreign travel expenses for presenting research papers at international conferences and seminars.
The Minister Mr Javadekar concluded this by saying “Our Respected Prime Minister Mr.Narendra Modi will advise students on beating exam stress and appearing for exams with a positive attitude” and the discussion “Pareeksha Pe Charcha” can take place by the Prime minister by interacting with students at Talkatora Stadium scheduled for February 16. About 2,000 school and college students including teachers and principals will participate in the programme.