â¹1,650cr allotted for Prime Minister's Research Fellows plan
The Union Cabinet has approved the implementation of 'Prime Minister's Research Fellows' scheme at a cost of â¹1,650 crore for a period of seven years starting 2018-2019. Under the scheme, students pursuing PhD in IITs and IISc will be offered fellowships worth â¹70,000-80,000 per month for five years. A total of 3,000 fellows will be selected for the fellowship.