The Centre will provide a monthly fellowship of INR 70,000 to those pursuing Ph.D. in IITs and IISc as quoted by the union higher secretory Kewl Kumar Sharma. As per the present norms, this fellowship amount is set to INR 25,000 as monthly scholarship at IITs.
The target of 2000 such students have been set up by the center studying in the mentioned institutions, and the period for the is set to 5 years for now.
For more info check: http://indianexpress.com/article/education/centre-to-provide-monthly-fellowship-of-rs-70000-for-iit-and-iisc-bengaluru-phd-researchers-4804210/