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Padho Pradesh Scheme- Interest Subsidy Scheme- Minority- 2017

Deadline: Deadline: Always Open
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AwardInterest Subsidy on loan amount
EligibilityEconomically weaker section of minority community- pursuing master's or above degree abroad
RegionAbroad
Scholarship provider contact details

madhukar.naik@gov.in 011- 24364279

What is Padho Pradesh Scheme- Interest Subsidy Scheme- Minority- 2017?

This scheme was started to encourage meritorious students belonging to the economically weaker minority community. This will provide the students with an interest-subsidy for pursuing higher education abroad.

Who can apply for this scholarship ?

The following students will be eligible for this subsidy:

  1. The subsidy is available only for students belonging to minority communities (declared under section 2 (c) of National Commission for Minorities Act, 1992) (Muslims, Christians, Sikhs, Buddhists, Jains, and Parsis)
  2. Students applying to pursue their Masters, M.Phil or Ph.D. degree from abroad are eligible
  3. This scheme is available only for education loan taken from the scheduled banks under education loan scheme of the Indian Bank Association
  4. Total family income in case of unemployed student or total income of the student in case of employed student should not exceed INR 6 lakh p.a.
  5. Income certificate should be submitted from a competent authority in State/ Union territory
  6. Preference will be given to female candidates and the subsidy will be given in ratio of the population of minority communities

 

How can you apply ?

Students may follow these steps to apply for this scheme:

Step 1: Apply for admissions in Oversees University for Master's, M.Phil or Ph.D. program

Step 2: On receipt of admission offer letter from the university, apply for education loan from any scheduled banks (like Canara Bank, SBI, etc) under education loan scheme of the Indian Bank Association

Step 3: Apply for the Padho Pradesh Scheme along with education loan

Terms and Conditions

To know specific norms regarding the scheme- Contact the bank from which education loan has been taken

Comprehensive list of fields in which this scholarship can be availed is mentioned in the guideline document attached

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