Under this fellowship scheme, selected students will be offered a fellowship of Rs.70,000/- per month for the first two years, Rs.75,000/- per month for the 3rd year, and Rs.80,000/- per month in the 4th and 5th years. Apart from this, a research grant of Rs.2.00 lakh will be provided to each of the Fellows for a period of 5 years to cover their foreign travel expenses for presenting research papers in international conferences and seminars. A maximum of 3000 Fellows would be selected in a three year period, beginning 2018-19.
A minimum of 8 CGPA is one of the essential eligibility criteria. Students should have completed the required academic qualification in the last five years.
For each discipline, one IIT or IISc will be the Nodal Institute; which will rotate once in two years. For the first two years National Coordination Committee (NCC), comprising of 7-8 Directors of IITs/ IISc will decide on the Nodal Institutes. NCC will be the apex decision making body of the fellowship scheme.