The scheme is a Public-Private-Partnership (PPP) initiative of Science & Engineering Research Borad (SERB), Department of Science & Technology, Government of India and Confederation of Indian Industry (CII).
Research Areas- Science, Technology, Engineering, Agriculture, and Medicine.
PM Fellows receive a maximum fellowship amount of upto Rs 8.7lakh per annum per candidate. Fifty per cent of this amount comes from SERB [being equivalent to the prevailing Government norms for JRF/ SRF (inclusive of HRA)] and will be revised as per the JRF/ SRF norms from time to time. Rest 50 per cent comes from a partner company, on behalf of CII.