Labour Ministry changes norms for scholarship to children of unorganised workers
GS3Economy · S&T · Environment · Security· Employment & inclusive growth· Prelims·
Why in news
The Union Labour Ministry revised scholarship guidelines to allow students to simultaneously receive welfare-based and merit-based scholarships from different government agencies.
Background
The revision aims to benefit over one lakh beneficiaries annually to support children of unorganised workers in higher education. Additionally, the ministry announced the return of ₹30.52 crore from inactive EPFO accounts to holders or legal heirs.
Facts for Prelims
- FactThe scholarship revision is expected to benefit over one lakh beneficiaries annually.
- FactThe ministry will return ₹30.52 crore in inactive EPFO accounts.
- BodyThe Union Labour Ministry is the body responsible for the scholarship and EPFO refund initiative.
For Mains
Q. Discuss how expanding scholarship eligibility for children of unorganised workers can contribute to social mobility and human capital formation in India.
Dimensions to cover in your answer
- Inclusion gap: Addressing the financial barriers faced by the unorganised sector in accessing higher education.
- Fiscal synergy: Potential for overlapping benefits between welfare and merit-based schemes to maximize student support.
Keywords: unorganised sector · human capital · social mobility · scholarship schemes · financial inclusion
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