Summary
Students with 60% in the previous class will be eligible for a 1% loan to pursue diploma or degree courses in professional and technical education such as engineering, medical, managemen
Qualified students can obtain educational loans from any Himachal scheduled bank for up to Rs 20 lakh to cover the costs of boarding, accommodation, tuition, books, and other related educational expenditures, according to the scheme
According to Chief Minister Sukhvinder Singh Sukhu, the Himachal Pradesh government has launched a new program this fiscal year to offer educational loans to the state's qualified students at an interest rate of 1%.
The administration is committed to offering high-quality education, and the "Dr Y S Parmar Vidyarthi Rin Yojna" would make sure that no child in the state is denied access to higher or professional education because of budgetary limitations.
Sukhu stated in his Budget speech in March that state students would be eligible for education loans at a rate of 1%. According to him, this program allows students from households with yearly incomes of less than Rs 4 lakh to apply for loans. At the time of enrollment and admission, the maximum age to be eligible for a loan was set at 28 years old.
According to Sukhu, a corpus will be kept at the deputy commissioner level in the districts for situations where the money needs to be deposited right away but the banks are taking their time releasing the first installment. According to the statement, students must register on the higher education department's website and upload the necessary paperwork before they may be admitted to the institutions of their choosing.
Qualified students can obtain educational loans from any Himachal scheduled bank for up to Rs 20 lakh to cover the costs of boarding, accommodation, tuition, books, and other related educational expenditures, according to the scheme.
Students with 60% in the previous class will be eligible for a 1% loan to pursue diploma or degree courses in professional and technical education such as engineering, medical, management, paramedical, pharmacy, nursing, and law, as well as technical Courses from ITIs and PhDs from recognized educational institutions and universities. The chief minister stated that a mechanism would be devised to evaluate the scheme's outcomes at regular intervals in order to determine its success and follow the pupils' growth.
Last updated on 29 Aug 2023
