Physics Wallah Launches INR 250 Crore in JEE/NEET Scholarships

Physics Wallah

Nitin Konde, Apoorva Bajj

Aug 2, 2024 — 3 min read

Physics Wallah Launches INR 250 Crore in JEE/NEET Scholarships

Physics Wallah, one of the major players in the field of education in India, has introduced the NSAT (National Scholarship Common Admission Test) 2024, which is the organization's most ambitious scholarship program to date. Students who are studying for the NEET-UG and IIT-JEE examinations are eligible to receive a total of INR 250 crore in various forms of financial assistance through the third iteration of the scholarship test. The program, which is intended to make access to high-quality education more accessible to more people, provides substantial assistance without charging any registration costs.

While the NSAT 2024 will be administered online from October 1 to October 15, it will also be administered offline on October 6 and October 13 at several different centers. Aspirants from all different classes, including PCM and PCB groups, are welcome to participate in the program, which is open to kids from Class VI up to Class XII. The top one thousand students will be awarded scholarships that cover all of their educational and housing costs, with a particular focus on assisting the top five hundred students who come from disadvantaged backgrounds.

How This Can Be a Game-Changer?

As a result of this endeavor, it is anticipated that the local education market will have a rippling effect. Students and educational institutions in the country will likely take advantage of the opportunity to improve their academic performance as a result of the introduction of such a major scholarship, which will likely promote higher participation and elevate the competitive environment. The results are expected to be made public in November of 2024, which will be a watershed moment in the history of educational assistance for students who aspire to be scholars.

About Physics Wallah

In 2020, Alakh Pandey, who serves as the company's founder and CEO, and Prateek Maheshwari, who serves as the company's co-founder, established Physics Wallah (PW), which is India's premier EdTech unicorn. PW, which has its headquarters in Noida, Uttar Pradesh, is working to democratize education on a large scale across India by utilizing online, offline, and hybrid platforms. Furthermore, the company has reached 98% of the country's pin codes. Following its first inception as a YouTube channel in 2014, PW has experienced exponential growth, and it now provides free education of a high standard to more than 4.6 crore students through its 112+ YouTube channels, which are available in five different vernacular languages.

More than three crores of people have downloaded the PW app, and the company has more than fifty-five lakh students who are paid. PW is in the process of constructing tech-enabled offline and hybrid centers in 105 locations across the country to create the largest hybrid education ecosystem in the country. PW is a partner in lifelong learning, and its offerings cover a wide range of educational domains. These domains include two schools, test preparation in more than forty-three categories, a skilling vertical, higher education, and study abroad (AcadFly).