The decision was taken at a meeting of the state cabinet, chaired by the chief minister Devendra Fadnavis.
The state government will give a stipend of Rs 10,000 per month, besides the scholarship, to those preparing for the prelim, main exam and interview.
The government will spend Rs 23.46 crore for this initiative, which includes cost of training at reputed institutes in Delhi.
The cabinet meeting, held at Mantralaya, also decided to reintroduce the ordinance for appointment of experts on Agricultural Produce Marketing Committee (APMC) all over the state.
Reportedly, this is being done as the legislation on this issue could not be passed in the winter session of state legislature in Nagpur last month, reported Zee News.