Mukhya Mantri Gyandeep Yojna – Loan up to INR 10 Lakh, Know Eligibility & More

The Mukhya Mantri Gyandeep Yojna (MMGY) is an education loan scheme introduced by the Government of Himachal Pradesh with the primary objective of assisting students in pursuing higher education. 

Scholarship Registration and Login

Under this program, students enrolled in professional or technical courses at recognized educational institutions across India can avail of education loan of up to INR 10 lakh at an interest subsidy of 4% per annum.

The article covers all the important information such as eligibility criteria, benefits offered and other details related to the scheme.

Mukhya Mantri Gyandeep Yojna (MMGY) – Overview

Scheme Name Himachal Pradesh Mukhya Mantri Gyandeep Yojna (MMGY)
State Himachal Pradesh
Provider Department of Higher Education, Government of Himachal Pradesh
Beneficiaries Students of Himachal Pradesh
Maximum Loan Amount INR 10 lakh
Quantum of Interest Subsidy Yearly interest subsidy of 4%
Eligible Courses Professional/Technical courses
Official Website  
Moratorium Period Course period and additional 1-year
Application Mode Offline
Important Read: Mukhya Mantri Gyandeep Yojna (MMGY) Guidelines – Official Notification

Note – For updated guidelines, students must visit the official website of e-Pass Himachal Pradesh.

Mukhya Mantri Gyandeep Yojna (MMGY) – Benefits & Eligibility Criteria


  • Eligible students can avail an interest subsidy of 4% per annum on education loan of up to INR 10 lakh. 
  • The financial support enables students to pursue professional/technical courses without the burden of hefty interest rates.

Eligibility Criteria

Eligible and interested students must meet the following eligibility requirements to apply for the HP Mukhya Gyandeep Yojna (मुख्यमंत्री ज्ञानदीप योजना):

Career Assessment Test

1. Domicile – The applicant must be a native of Himachal Pradesh. The applicant must submit a copy of their Bonafide Himachali Certificate to the relevant bank or branch.

2. Educational Requirement –

  • Students must have successfully passed Class 12 examination. 
  • Candidates must have secured admission to a recognised institute in India. 
Important Note – The students should not have enrolled in any other interest subsidy program for education loans provided under state or central government schemes.

Mukhya Mantri Gyandeep Yojna (MMGY) – Application Process & Claiming Procedure

Application Process

Eligible candidates can avail of the application forms available at bank branches and the Directorate of Higher Education, Himachal Pradesh (उच्च शिक्षा निदेशालय, हिमाचल प्रदेश). 

Claiming Procedure

Buddy4Study - Education Loan

  • UCO Bank is the nodal bank for this interest subsidy scheme.
  • UCO Bank in Shimla will collect interest subsidy claims from the member banks.
  • The interest subsidy is submitted twice a year in October and April by the member banks.
  • The member bank branch will provide the information of the borrower students who are sanctioned/disbursed education loan.
  • A declaration from the borrower student will be submitted by the member bank branch claiming an interest subsidy.
  • The bank branch members will submit their interest subsidy claims in the specified format to their controlling office within 10 days after the end of each half-year.
  • Controlling offices of member banks will review and forward claims within 15 days.
  • Afterwards, Nodal bank’s designated branch will send approved claims to the Education Department within 15 days.
  • Then, the Department of Higher Education, Himachal Pradesh will scrutinize the interest subsidy claims of the member banks.
  • The claim amount will be settled by keeping aside the necessary amount in the designated bank account.
  • Upon receiving the approved interest subsidy claim amount from the Department of Higher Education, Himachal Pradesh, the designated branch of the Nodal Bank will remit it directly through RTGS/NEFT to the respective bank within 5 days.
  • Finally, the amount will be credited to the education loan accounts of eligible candidates.

Mukhya Mantri Gyandeep Yojna (MMGY) – Documents Required & Contact Details

Documents Required

It is essential to submit the following documents along with the application at the bank in order to avail the benefits of the scheme:

  • Domicile certificate
  • Marksheet of previous passing examination
  • Certificate of admission from a recognized institution 
  • Identity proof 
  • Aadhaar card

Contact Details

Department of Higher Education, Himachal Pradesh

Shimla – 171001

Email | Phone Number – (+91)-177-2656621(O) | Fax Number – 2811247

Also Read : HP Scholarship 2023 – Scholarships for Himachal Pradesh Students

Mukhya Mantri Gyandeep Yojna (MMGY) – FAQs

What is Mukhya Mantri Gyandeep Yojna (MMGY)?

MMGY is a scheme introduced by the Himachal Pradesh government to provide financial support to students pursuing education through interest subsidy on education loans up to INR 10 lakh.

Who is eligible for the MMGY scheme ( मुख्यमंत्री ज्ञानदीप योजना)?

The applicant must be a domicile of Himachal Pradesh and have secured admission in a recognized institute in India.

What are the benefits of the MMGY scheme?

Under the MMGY scheme, eligible students can avail an interest subsidy of 4% annually on education loans up to INR 10 lakh to pursue their higher education.

How can one apply for the HP MMGY scheme?

The eligible students can apply for the scheme directly through the bank.

What documents are required to apply for the HP MMGY scheme?

The required documents for applying to MMGY scheme include a domicile certificate, a certificate from a recognized institution, and other relevant documents as specified under the scheme.

Can I avail an education loan from any bank under this scheme?

Under the MMGY scheme (मुख्यमंत्री ज्ञानदीप योजना), students can avail education loan from any bank to pursue professional/technical courses at recognized institutions in India.


  1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.
  2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

Scholarships For

Upto Class 8 Class 1 to10 (Pre-Matric) Class 9 to 10 (Pre-Matric) Post-Matric(Class 11-12) Class 11 & 12 Class 12 passed Polytechnic/Diploma/ITI ITI Diploma/Polytechnic Graduation Post-Graduation Medical Engineering Girls NSP Portal Income Based SC/ST/OBC Law

Scholarship by State

NSP Scholarships Andhra Pradesh Arunachal Pradesh Assam Bihar Chandigarh Chhattisgarh Delhi Goa Gujarat Haryana Himachal Pradesh Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Punjab Rajasthan Sikkim Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal

Scholarships A to Z

Abdul Kalam Scholarship Aicte Internship AICTE NSP Scholarships Aicte Scholarship Aicte Swanath Scholarship Aikyashree Arunachal Pradesh scholarship Assam Scholarship Atul Maheshwari Scholarship Begum Hazrat Mahal National Scholarship Bihar Scholarship BYPL Sashakt Scholarship CBSE Scholarship Central Sector Scholarship CG Scholarship CG Scholarship Portal Chandigarh Scholarship Colgate Scholarship DCE Scholarship Delhi Scholarship Dhirubhai Ambani Scholarship Status of the Digital Gujarat Scholarship Disability Certificate Domicile Certificate Dr. Ambedkar Scholarship Dr. Ambedkar Scholarship, Haryana DRDO Scholarship Scheme For Girls DTE Scholarship in Maharashtra E Grantz E Grantz Login E Grantz Scholarship Status Kalyan Bihar Portal E Kalyan Status Epass Karnataka Ericsson Empowering Girls Scholarship Programme E. Samaj Kalyan Fellowships in India Gokdom Government Scholarships GSK Scholars Programme Gujarat Scholarship Haryana Scholarship Haryana Scholarship Portal HDFC Badhte Kadam Scholarship How to get a Caste Certificate HP Scholarship IET-India Scholarship Awards Immigration-Friendly Countries Income Certificate Indira Gandhi Single Girl Child Scholarship Inspire Scholarship Ishan Uday ITI Scholarships Jammu and Kashmir Scholarship Jharkhand Scholarship Jnanabhumi Application Status Kanyashree Karepass Karnataka Scholarships Kotak Kanya Scholarship Ladli Yojna Legrand Scholarship Mahadbt Mahadbt Login Mahadbt Scholarship Status Maharashtra Pre-Matric Scholarship Maharashtra Scholarship Manipur Scholarship MBA Scholarships in India MCM Scholarship Means Scholarship Meghalaya Scholarships Merck India Charitable Trust Scholarship Programme Merit Cum Means Scholarship For Minorities MHRD Scholarship MI Scholarship MOMA Scholarships MP Scholarship MP Scholarship Kyc MP Scholarship Portal MP Scholarship Status MYSY Scholarship Nabanna Scholarship Nagaland Scholarship National Scholarship Portal National Scholarship Portal (NSP) NMMS NSP Login NSP Renewal NSP UGC Scholarships Oasis Scholarship Oasis Scholarship Status OBC Scholarships Odisha Scholarship Olympiad ONGC Scholarship PFMS Login PFMS Scholarship Phd Scholarships PMRF PM Scholarship PMSSS Post Matric Scholarship Post-Matric Scholarship for Minorities Pragati Scholarship Pre-Matric Scholarship Pre-Matric Scholarship for Minorities Prerana Rajasthan Scholarship Rolls-Royce Unnati Scholarship Saksham Scholarship Programme for Drivers Children Saksham Scholarship Scheme Santoor Women's Scholarship SBI Asha Scholarship Programme SBI Education Loan SBI General Suraksha Support Scholarship Programme Schaeffler-India Hope Engineering Scholarship Scholarship Application Dos and Don'ts Scholarship Form Scholarships for Diploma Courses Scholarships for Indian Girls and Women Scholarships for North Eastern Students Scholarships for PG Students Scholarships for Undergraduates Scholarships in India Scholarship Status SC Scholarship SC ST Obc Scholarship Sensodyne Ida Shining Star Scholarship Programme Sitaram Jindal Scholarship SSP Scholarship ST Scholarship SVMCM Scholarship Eligibility Swami Vivekananda Scholarship Swami Vivekananda Scholarship Technip Energies India Scholarship Programme Telangana Scholarship The Tata Capital Pankh Scholarship Programme Top Scholarships for Medical Students Top Scholarships For Students Of Andhra Pradesh Tripura Scholarship Ugc Scholarship UP Post-Matric Scholarships UP Pre-Matric Scholarships UP Scholarship UP Scholarship Correction UP Scholarship Login UP Scholarship Registration UP Scholarship Renewal UP Scholarship Status Uttarakhand Scholarship Vidyalakshmi Portal Virchow Scholarship Programme VHTC WBMDFC West Bengal Scholarship