Though Tamil Nadu has emerged as the leader in the country in terms of Gross Enrolment Ratio (GER) in higher education as per The All India Survey on Higher Education report (2017), there are many students who dropout at higher secondary level schooling. The major reasons behind the drop out rates include poor access, loss of interest in school, inadequate safety, particularly for girls and poor school infrastructure.
Regardless of allocating Rs. 94,800 crores for the education sector. which is in the previous Union Budget and Rs. 99,300 crores in the budget of 2020-21. But still, there is no prevention in the high level of dropout rate in the schools, especially for intermediate classes.( Courtesy:Times of India 7th June 2020).
After completing school education, students with weak financial background or difficult family circumstances, set out to seek jobs to support their family to make both ends meet thus depriving them from furthering their studies. The increase in the cost of living and steadily increasing fee structure of higher education demands the need for financial assistance for deserving and aspiring students to make their dreams come true.