The Government of Maharashtra often comes up with the new schemes for the welfare of the citizens of their state. This time the state government has taken the initiative to launch Maharashtra Student Stipend Scheme for the unemployed youth of the state. Under this scheme, the state government will provide the financial assistance ranging from Rs. 6,000 to Rs. 10,000 in the form of stipend. Stipend of Rs. 6,000 will be provided for the 12th pass students, stipend of Rs. 8,000 for ITI and Diploma holder students and for the students holding degree and post graduation, the state government will provide stipend of Rs. 10,000. Further in this article we will provide you more information about the scheme which includes Objectives, Benefits & Features, Eligibility Criteria, Required Documents, Application Procedure of Maharashtra Student Stipend Scheme, etc.
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About Maharashtra Student Stipend Scheme
Minister of Finance and Deputy Chief Minister of Maharashtra Mr. Ajit Anantrao Pawar has presented the state budget 2024-25 in June and made an announcement of Maharashtra Student Stipend Scheme. Another name of the scheme is Mukhyamantri Yuva Karya Prashikshan Yojana. The state Government has set the allocation budget of Rs. 5,500 Crore on the scheme for the unemployed youth of the state. Under this scheme, the training to 10 lakh youths will be provided every year. The State Government will provide stipend of up to Rs. 10,000 per month under this scheme. The aim of the scheme is to enhance the employability and skill development of the youth and prepare them for a competitive job market. The internship will last six months and the stipend will be provided through Direct Bank Transfer under this scheme. Those industries or organizations who want to be part of the scheme should register with the government. Industries or organizations should have been in existence for three years and should have all the documentation and certifications to be eligible. An industry can take up to 10% of its total workforce for such a scheme. The service sector can hire up to 20%.
Key Highlights Of Maharashtra Student Stipend Scheme
| Name of the Scheme | Maharashtra Student Stipend Scheme |
| Another Name | Mukhyamantri Yuva Karya Prashikshan Yojana |
| Launched By | Government of Maharashtra |
| Introduced By | Minister of Finance and Deputy Chief Minister of Maharashtra Mr. Ajit Anantrao Pawar |
| Launch Date | During the presentation of state budget 2024-25 in June |
| Objective | To enhance the employability and skill development of the youth and prepare them for a competitive job market |
| Benefits | The State Government will provide stipend of up to Rs. 10,000 per month |
| Beneficiary | Unemployed youth of Maharashtra |
| State | Maharashtra |
| Year | 2024 |
| Mode of Application | Online/Offline |
| Official Website | To be released soon |
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Objectives Of Maharashtra Student Stipend Scheme
The objectives of the Scheme are as follows:
- The primary objective of launching the Scheme is to enhance the employability and skill development of the youth and prepare them for a competitive job market.
- The aim of the scheme is to provide up-skilling opportunities to the candidates who have undergone skill training which is offered by the State Government initiatives.
- The aim of the government to launch the scheme is to make all the unemployed youth of the state self-reliant and capable by providing them free skill training.
Benefits & Features Of Maharashtra Student Stipend Scheme
Here are some of the benefits & features of the Scheme, which are as follows:
- Under this scheme, the state government will provide the stipend of Rs. 6,000 for the 12th pass students, stipend of Rs. 8,000 for ITI and Diploma holder students and for the students having degree and postgraduation the state government will provide stipend of Rs. 10,000.
- The state Government has set the allocation budget of Rs. 5,500 Crore on the scheme for the unemployed youth of the state.
- Under this scheme, the training to 10 lakh youths will be provided every year.
- This scheme will help to increase the employment rate across the state.
- The internship will last six months and the stipend will be provided through Direct Bank Transfer.
- An industry can take up to 10% of its total workforce for such a scheme. The service sector can hire up to 20%.
- Those industries or organizations who want to be part of the scheme should register with the government.
- Industries or organizations should have been in existence for three years and should have all the documentation and certifications to be eligible.
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Eligibility Criteria
To avail the benefit under this scheme you should fulfill these eligibility criteria:
- Applicants must be permanent citizen of Maharashtra State.
- Applicant should be unemployed youth of the state.
- Education qualification should be at least class 12th pass and above.
- Age of the applicant should be between 18 to 35 years.
Required Documents
To be a part of this scheme, candidates should have these following documents:
- Aadhar Card
- Residential Proof
- Income Certificate
- Ration Card
- Educational Certificate
- Unemployment Certificate
- Bank Account Details
- Passport Size Photograph
- Mobile Number
- Email ID
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Application Procedure For Maharashtra Student Stipend Scheme
Minister of Finance and Deputy Chief Minister of Maharashtra Mr. Ajit Anantrao Pawar has presented the state budget 2024-25 in June and made an announcement of Mukhyamantri Yuva Karya Prashikshan Yojana. Currently, the scheme is in its initial phase, and the official website for applications is yet to be launched. Interested individuals are advised to stay updated through official channels. Once the website is operational, applicants can submit their applications online, seizing the opportunity to access financial assistance under this scheme. As soon as we get any update regarding the application procedure of the scheme, we will update it here. So, stay connected with us for the latest updates.
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FAQ’s
What is the key objective of Maharashtra Student Stipend Scheme?
The primary objective of launching the Scheme is to enhance the employability and skill development of the youth and prepare them for a competitive job market.
What is the benefit of the scheme?
Under this scheme, the state government will provide the stipend of Rs. 6,000 for the 12th pass students, stipend of Rs. 8,000 for ITI and Diploma holder students and for the students having degree and postgraduation the state government will provide stipend of Rs. 10,000.
Who launched the scheme?
Minister of Finance and Deputy Chief Minister of Maharashtra Mr. Ajit Anantrao Pawar has presented the state budget 2024-25 in June and made an announcement of Mukhyamantri Yuva Karya Prashikshan Yojana.