The government will initiate a 'Prime Minister scholarship' soon under which INR 75,000 per month will be given to the best 1000 talented students for research, said Human Resource Development (HRD) Minister Prakash Javadekar.
"We are starting the PM Scholarship, a note will go to the Cabinet soon... (under which) best 1,000 talented students will get Rs. 75,000 per month now," he said while addressing the convocation ceremony at Manipal University in Jaipur.
Javadekar said that there are three reasons which contribute to the brain drain in the country:
- In foreign countries they get state of the art research labs
- They get best scholarships which help them in surviving and maintaining themselves
- They also get the best guidance
and now we are bringing all three together in the nation.
The Minister said that with Higher Education Financing Agency (HEFA) we are planning to extend the loan of INR 20,000 crore to the educational institutes which will help them in creating the best infrastructure for research here.
"So, we will have the best research infrastructure here also, so don't go there, come here for research," he added.