Watch: IIT Madras commends PTR's major announcement of funding TN students for studying at IIT!

The Indian Institute of Technology- Madras (IIT-M), which is one of the prestigious educational institutions in India, has on Friday commended the major budgetary announcement from Tamil Nadu Finance Minister Palanivel Thiagarajan over funding the government school students in the state in pursuing their higher education at the IIT-M. 

Palanivel Thiagarajan (PTR) has on Friday- March 18 tabled the state's budget for 2022-23 in the state assembly house. Drawing huge attention, the finance minister has grabbed the spotlight over his fresh announcements of schemes as he has laid down the financial road map for the state for the upcoming year. Though it is the second budget for the ruling DMK government, it has become the first full-fledged budget of Palanivel Thiagarajan and for the second time in the row, the state has opted for an e-budget. 

In what has become a significant announcement, the finance minister said that to motivate government school students to aspire to join top higher educational institutions like IIT, IISC, and AIIMS, the Tamil Nadu government will bear the full cost of undergraduate education of students who studied in the government schools from classes 6 and 12. The announcement has become a golden opportunity and poured a ray of hope to the backward students to pursue their higher studies at prestigious institutions. 

The announcement has turned heads and the finance minister and the state government have been lauded for introducing such a reformation, supporting the growth of the underprivileged students. IIT Madras has welcomed the announcement and said that the institute will take all possible efforts with the Tamil Nadu government and government schools to take this scheme to more students.

In a video, IIT Madras Director, Prof. V Kamakoti has welcomed the announcement from the finance minister. The institute wrote, "Prof. V. Kamakoti, Director of @iitmadras appreciates and welcomes the Tamil Nadu Government's announcement in #TNBudget2022 to fund education for UG programs in IITs for the students who complete their schooling in Government schools." 

In another important reform, the finance minister has announced that all girl students in Tamil Nadu who studied from classes 6 to 12 in government schools will be provided Rs 1000 per month directly into their bank account till the uninterrupted completion of their undergraduate degree, diploma, and ITI courses. The scheme will be benefitting five lakh girl students.