The goal of this discussion paper is to analyse the guidelines and budget of the Post-Matric Scholarship – Scheduled Castes scheme to identify the issues hindering its implementation, and to suggest policy measures to overcome these hurdles. To this end, the key objectives of this note are to: identify the issues encumbering the Post-Matric Scholarship – Scheduled Castes scheme; assess how the new guidelines and recent decisions by the Union Government address the scheme’s fiscal and implementation challenges; study the scheme’s design and identify issues in terms of the fund-sharing pattern, planning and fund flow; assess public finance management issues in the scheme in terms of budgetary adequacy and expenditure. Download PDF.