Cabinet nod to revising post-matric scholarship scheme for SC students Under the scheme, the government provides financial assistance to students from Scheduled Castes, whose household incomes are less than Rs 2.5 lakh annually, for higher education at post-matriculation and post-senior-secondary stages, which means Class XI onwards. Updated: December 24, 2020 7:04:37 am The statement said that under the revised scheme, there will be a total investment of Rs 59,048 crore, of which the Centre will spend Rs 35,534 crore. (Representational) The government on Wednesday announced “transformatory changes” to the Post Matric Scholarship for students from Scheduled Castes. The Cabinet Committee on Economic Affairs approved the changes, which, the government said, will “benefit more than 4 crore SC students in the next 5 years so that they can successfully complete their higher education”.