How to Get Education Loan from Government?: Education loans are given to students who want to have quality education in the best universities but have financial problems. Quality education is getting expensive. So, many economically backwards students are looking for education loan from government schemes.
govt.
How to Get Education Loan from Government Schemes?
of
india
has
implemented
various
education
- Dr. Ambedkar Central Sector Scheme
- Central Sector Interest Subsidy (CSIS)
- Padho Pardesh Scheme
- Interest Subsidy Scheme on Education Loan by the Government of Gujarat
Dr. Ambedkar Central Sector Scheme
loan
Eligibility Conditions:
- Students should belong to EBC or OBC.
- For OBC candidates, the total family income should not exceed INR 8 lakhs per annum.
- For EBC candidates, the total family income should not exceed INR 5 lakhs per annum.
Application Process:
schemes
- Submit the required documents, the bank will process your application and forward it to the Ministry of Social Justice and Empowerment.
- They will either accept or decline your application.
Central Sector Interest Subsidy (CSIS)
to
Eligibility:
- You must have obtained an admission letter from a recognised university.
- Your whole family income should not exceed INR 4.50 Lakhs p.a.
How to Apply:
- The process starts from the bank where the loan is to be approved.
- Attach the needed documents to the application form and submit it to the bank.
Padho Pardesh Scheme
offer
Eligibility:
- You should have obtained admission into the approved courses at Master, M.Phil or PhD.
- You should belong to the minority community such as Muslims, Christians, Sikhs, Buddhists, and Parsis.
- The total income of the family should not exceed INR 6 lakhs p.a.
- You should have obtained an education loan from the scheduled bank under the Educational Loan Scheme of the Indian Bank Association (IBA) for the purpose.
Process:
- The process begins after getting an admission letter from the college.
- With the admission paper, contact the IBA member bank and fill out the application.
- Attach the required documents to the filled loan application and submit it. The form is sent to the Department of Minority Affairs for processing.
Interest Subsidy Scheme on Education Loan by the Government of Gujarat
financial
Eligibility:
- Students must have secured at least 60% in 12th grade.
- Total family income should be less than INR 6 lakhs.
assistance
and
- National Safai Karamcharis Finance & Development Corporation
- National Minorities Development & Finance Corporation
- National Backward Classes Finance & Development Corporation
- Credit Guarantee Fund Scheme for Education Loans
- National Scheduled Tribes Finance and Development Corporation
- National Handicapped Finance & Development Corporation
- National Scheduled Castes Finance & Development Corporation
interest
subsidies
- Education loan schemes by different banks
- Common loan application forms for students
- Application for education loan from multiple banks
- Linking to National Scholarship Portal for loan information and application
to
students
- How can I get an education loan easily?
for
- Is there any govt scheme for education loans?
further
- Who is eligible for an education loan?
studies
- How much salary is required for an education loan?
in
India
We are hoping that you have got enough information on how to get an education loan from the government and what are the different government schemes that offer education loan to study abroad. Students can apply for their favorable scheme and get loan approved. Visit our site regularly to know more related posts such as How to Get Education Loan After 12th , Which Bank has Lowest Interest Rate on Education Loan , How to Apply for Education Loan for Abroad Studies , and so on.
