Education Loan Scheme- Credit Line 2 for Minority Community

About This Scheme

The scheme "Education Loan Scheme- Credit Line 2 for Minority Community" is implemented by the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam. Under the scheme, education loans are provided to sections of the minority population defined based on a "Creamy Layer" i.e., an annual family income of ₹8,00,000/-. These loans are available for pursuing general/professional/technical courses or training at the graduate level or higher. The Nigam provides loans of up to ₹20,00,000/- for professional degree courses in India and up to ₹30,00,000/- for courses abroad, with an interest rate of 8% for males and 5% for females. Applicants must belong to a minority community (Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains) and be permanent residents of Haryana.

Eligibility

1. The applicant should be a permanent resident of Haryana. 1. The age of the applicant should be between 16 and 32 years. 1. The annual family income of the applicant should be between ₹98,001/- to ₹8,00,000/- (Rural Area) and ₹1,20,001 to ₹8,00,000/- (Urban Area). 1. The applicant should belong to a minority community, i.e., Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains. 1. The applicant should have obtained admission to any professional and technical course approved by an appropriate agency such as AICTE, Medical Council of India, UGC, etc., in a duly accredited/recognized institute. 1. The applicant must have secured a minimum of 50% marks in the qualifying exam i.e., the exam whose qualification is a pre-requisite for the course. 1. The applicant should have a Parivaar Pehchan Patra (PPP ID).

Benefits

1. Under this scheme, Nigam provides loans of up to ₹20,00,000/- for professional degree courses in India and up to ₹30,00,000/- for courses abroad, with an interest rate of 8% for males and 5% for females. 1. The education loans are provided for pursuing general/professional/ technical courses or training at the graduate and/or higher level to minority communities i.e. Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.