Falling Rupee value impacts Applicants of NTR Videsi Vidya Scheme in AP

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NTR Videsi Vidya, a State government’s scheme, provides Rs 10 lakh in two installments to BC, SC, ST and Brahmin students in Andhra Pradesh.

However Applicants requesting increase in the incentive amount this year due to fall in the rupee value

Consolidated view of several students manifests that The technical courses related to IT industry cost around 40,000 to 70,000 USD in the US for a period of two years. This apart, the flight, accommodation and living expenses add another 15,000 USD. Due to the fall in rupee value, the students are burdened with an additional USD 3,000 to USD 5,000

Kapu Welfare Corporation MD Shiva Shankar said, “We have received several requests from the students to increase the amount and have forwarded the same to the ministry. The government may not increase the incentive, but we are expecting that it may release special grants such as airfare or accommodation among others for a certain period until the rupee bounces back.”

“The second phase of NTR Videsi Vidya is still going on; selections to this scheme are likely to get completed this week. Almost 1,000 students will be going abroad this year under this scheme,” he added.