Samiridhi Scheme for SC/ST Students

All India Council for Technical Education (AICTE) invites online applications from AICTE approved institutes / Universities / Departments eligible for assistance under the following schemes of quality improvement during the academic year 2020-21.

Employment has become increasingly poor these days, especially for a fresher. They do have a degree in the end, but many students still remain jobless. Some of the students either end up having a low paying job or business.

That is why it is mandatory to have the provision of business and enterprise opportunities for SC/ST students. The Samridhi scheme has thus been introduced to encourage financially backward students to make the future bright and full of opportunities.

The primary aim of Samiridhi scheme for SC/ST students for setting start-ups is to be a helping hand for those SC/ST students who are jobless. Under this scheme, the students will learn many things such as designing their business, launching their enterprise, running it successfully, and further support with respect to business.

This scheme will also provide them a variety of training to start up their own business and enterprise. This scheme will be provided to the students who are either studying or passed out from their colleges.

Eligible Institutes: AICTE approved Institutes

AICTE Approved Courses: Engineering, MCA, Architecture, Management (MBA/PGDM), Pharmacy, Hotel Management & Catering Technologies, Applied Arts & Crafts

AICTE approved Diploma / Post Diploma / Degree / Post Graduate Degree / Post Graduate Diploma Level Courses.

Not Eligible Institutes: Institutes / Deemed Universities / State Universities / Constituent Colleges of Universities not approved by AICTE.

Samiridhi Scheme

Organization: All India Council for Technical Education (AICTE)

Scheme Name: Samiridhi Scheme for SC/ST Students for Setting Start-Ups

Academic Year: 2020-21

Website: www.aicte-india.org

Applying Mode: Online

Duration: 02 (Two) years

Eligibility Criteria for Samiridhi Scheme 2020-21:

• The student should be in SC/ST caste.
• The candidate should be studying/passed out from an AICTE approved institute or university.
• There should be a better incubation center in the institute or university.
• The institute or university should at least be in existence for a minimum of 5 years.
• There should be a minimum of 50 minimum candidates under the SC/ST category of caste.
• The students should be there at the Institute for the past 3 years.
• The institute or university should be following the guidelines of the scheduled caste sub-plan or tribal sub-plan of the Indian government.

Funding Limit:

The policy states that there would be an amount of 20 lakh rupees maximum to be given to the respective institute or university. About 1 lakh will be granted on a per-year basis.

Fund Disbursement:

The release of this funding should take place at the awarding time of this scholarship scheme.

Methodology and Processing:

• There should a proposal for this scholarship scheme by the institute or the university. The committee of experts will be taking care of the assessment of the proposal.

• The experts should be having at least an associate professor rank in their profession.

• There should be at least 3 such associate professors for assessing the scheme proposal.

Duration:

According to this scholarship scheme, the program duration should be at least 2 years.

Terms and Conditions:

• The amount would be no more than 20 lakh for financial assistance.

• The total number of startups for SC/ST students would be 9 maximum.

• Those students should have their registration done.

• According to this scheme, the seed money should be provided further to the students belonging to the SC/ST caste and they should be passed out/still studying.

• After the students have completed their education at an institute or university, they should be able to jump-start their business. For this reason, they should be given proper training, workshop, development sessions and support from the recognized institute or university.

• The feedback system should be there for students after each program from every individual SC/ST students.

• The students who are getting the benefit of the startup scheme under other GOI or AICTE scheme are too eligible for this scheme.

How to Apply Samiridhi scheme: Interested and eligible students may visit the official website www.aicte-india.org/schemes to apply Samiridhi scheme for SC/ST students for setting start-ups online.

For more detailed information, kindly refer to the AICTE website at www.aicte-india.org.

Click Here for Samiridhi Scheme Details
Click Here for General Guidelines
Click Here to Know How to Apply

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