The Union Cabinet on February 7, 2018 approved implementation of the 'Prime Minister's Research Fellows (PMRF) Scheme' with a total outlay of Rs 1650 crore for a period of seven years beginning from Financial Year 2018-19.
The scheme was announced by Finance Minister Arun Jaitley in his Budget Speech 2018-19.
Highlights of the Prime Minister Research Fellows Scheme
• 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 and IIITs, will be offered direct admission in PhD programme in the IITs/IISc.
• Students, who fulfil the eligibility criteria and get shortlisted through a selection process laid down in the PMRF Guidelines, will be offered a fellowship of Rs 70000 per month for the first two years, Rs 75000 per month for the 3rd year, and Rs 80000 per month in the 4th and 5th years.
• Besides, a research grant of Rs 2 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 will be selected in a three year period beginning 2018-19.
• The fellow researchers will be expected to address the shortage of quality faculty in the premier educational institutions of the country by voluntarily committing few hours every week for teaching in these institutes.
Who: Union Cabinet
When: 7 February 2018