According to the AICTE release, the new scholarship scheme will provide financial help of ₹7.5 crore to 3000 female students from economically weaker backgrounds annually. The annual grant under the scholarship will be ₹25000 per student. AICTE will spend ₹7.5 crore annually for three years to provide financial support to girl students. The new scholarship is dedicated only to female students pursuing BBA, BCA and BMS courses from AICTE-approved institutions.Announcing the scheme, the AICTE Chairman Prof. T.G. Sitharam said, "AICTE takes measures to empower women and unlock their full potential in technical and management education. For girl students in engineering, we have a PRAGATI scheme. Since, BBA, BCA and BMS undergraduate management courses have come under the AICTE umbrella from this year onwards, we decided to announce a special scheme for girl students of UG management to promote gender equality, provide affordable education and empower girls in management education as well.". "On this International Women's Day, AICTE reaffirms its commitment to empowering women in engineering and technology through its new and reformative initiatives. Encouraging and supporting women in engineering and management is not only the right thing to do but also essential for India's progress and prosperity for Viksit Bharat by 2047." added the release.