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Considering the study conducted in North Maharashtra, this research delves into the challenges arising from diminishing public budgets for education juxtaposed against the escalating need for additional resources. Many countries, including India, are now exploring alternative strategies for subsidizing higher education, particularly to support students from economically disadvantaged backgrounds. One prominent mechanism in this regard is the provision of scholarship schemes. Scholarship schemes have been integral to India's educational landscape since 1961. This paper critically analyzes 24 scholarship schemes administered by the central government, shedding light on the private expenditure incurred by students pursuing higher education. The study unveils several noteworthy observations:1. The Gross Enrollment Ratio (GER) for higher education across all categories stands at 26.3%. However, when excluding students from Scheduled Castes (SC) and Scheduled Tribes (ST), the GER for other categories rises significantly to 28.25%. 2. Means-based scholarship schemes exhibit a lower share compared to means cum merit and merit-based scholarship programs. 3. Students bear a substantial private expenditure, with over 65% allocated to course fees. Surprisingly, only 46% of the scholarship schemes encompass both course fees and maintenance costs. 4. While the average private expenditure on maintenance costs for general degree courses amounts to ₹7,078, and for technical/professional degree courses, it rises to ₹17,769, 70% of the scholarship schemes provide maintenance amounts below ₹5,000. 1 Research Scholar, KBCNMU, Jalgaon, E-Mail ID- arund.patil@raisoni.net, G H Raisoni Institute of Engineering and Business Management, Jalgaon 2 Research Supervisor, E-Mail ID - nilmawarke3@gmail.com , Associate Professor at Godawari Institute of Management and Research,Jalgaon The study concludes that the current scholarship schemes contribute minimally to the efficiency or equity of the higher education system in India. Addressing the existing gaps in Indian scholarship schemes requires strategic policy adjustments: 1. The government should prioritize means-based scholarships over merit-based ones. 2. Scholarship amounts for both course fees and maintenance costs should be periodically revised every five years.3. A greater number of scholarship schemes should encompass coverage for students' course fees. By implementing these policy changes, the government can enhance the efficacy and inclusivity of scholarship schemes, ensuring a more equitable higher education landscape in India. Keywords: Higher Education, Scholarship Scheme, Central Government, Deprived Section, Gross Enrollment Ratio, Course Fees, etc.
Patil et al. (Mon,) studied this question.