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Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses

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About This Scheme

The “Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses” aims to provide financial assistance to the children of teachers/lecturers working in government and aided primary, secondary, graduate, and post-graduate institutions. This assistance helps reduce the financial burden on families by covering interest charges on educational loans for vocational courses in medicine and engineering, including postgraduate courses.

Benefits

₹50.0K · one-time

One-time financial assistance up to ₹50,000/- covers the interest component of educational loans availed from nationalized banks.

Note: The sanctioned amount is directly transferred to the borrower's bank account.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Certified Mark Sheets of all years/semesters.
✦
Proof of Educational Loan (availed from a nationalized bank)
✦
Fee Payment Receipt
✦
Teacher’s life membership (LMS) card attested by the head of the institution.
✦
Proof of school attendance (from 1st to 10th standard) certified by the head of the school and Taluk Constituent Education Officer.
✦
HRMS Copy or recruitment approval for teachers from aided institutions.
✦
Bank Passbook (Attested by a notary)
✦
Loan Details (including loan account number and interest paid)

✦ Required ◦ Optional

How to Apply

IIn-person

Step-1: Download the prescribed application form the official website.

Step-2: Fill in the student and teacher's details in the application form.

Step-3: Attach the required documents (certified mark sheets, loan details, teacher's HRMS copy, proof of schooling, etc.).

Step-4: Get the proposal recommended by the Controlling Officer and the head of the concerned institution.

Step-5: Submit the complete application along with all certified documents to the Karnataka State Teachers' Welfare Fund office.

Step-6: Request a receipt or acknowledgment from the Karnataka State Teachers' Welfare Fund office to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

Quick Info

Level: Central Government
Max benefit: ₹50.0K