Based on the recommendations of a panel headed by former cabinet secretary TSR Subramanian, the Ministry of Human Resource Development (MHRD). MHRD has planned to create a National Higher Education Fellowship Fund. The panel has been constituted by MHRD to formulate a new education policy. The National Higher Education Fellowship Fund is likely to offer 10 lakh new fellowships annually for qualified students belonging to economically weaker sections to pursue higher study.
The panel observed that the University Grants Commission grants as much as Rs 1050 crore in fellowships and grants to over 82000 beneficiaries each year, excluding the fellowships granted by other agencies for agriculture, defence etc. So, with the objective of encouraging merit and promoting equity, the panel has recommended the establishment of a National Fellowship Fund, primarily designed to support the tuition fees, learning material and living expenses for about 10 lakh students every year and strongly believes that the fund will improve both accessibility and equity in the Indian higher education sector
The new fellowships will be granted to students for economically and socially disadvantaged sections of the society. The panel also suggested creating a national level talent search competitive examination for class 12th level students, and that qualifying students be granted scholarships which will cover tuition fees, study material and living expenses.