State GovernmentVerified

Mukhya Mantri Gyandeep Yojna

A scheme to provide financial support in the form of interest subsidy on Educational Loans availed from Banks by Himachali Students for pursuing Higher Education in India and Abroad.

Start date1 Apr 2016

Last verifiedToday

Official Source ↗

About This Scheme

The scheme “Mukhya Mantri Gyandeep Yojna” was launched by the Higher Education Department, Government of Himachal Pradesh for all those students of the State for availing of educational loans from any Bank for pursuing professional/technical courses and higher education courses from recognized Institutions in India. The scheme shall be applicable for educational loans disbursed from the academic year 2016-17 starting from 1st April 2016 irrespective of the date of sanction of the education loan. > Objective: The objective of the scheme is to provide financial support in the form of interest subsidy on Educational Loans availed from Banks by Himachali Students for pursuing Higher Education in India and Abroad.

Benefits

₹10.0 L

1. Under this Scheme, Interest subsidy is admissible from any bank on an education loan availed up to the maximum of ₹10 lakhs.

1. Interest subsidy to the extent of 4% per annum on education loans will be allowed.

Note: Interest subsidy will be provided on interest charged on eligible education loan accounts during the repayment/ holiday/ moratorium period i.e. course period plus moratorium period of a maximum of one year.

Eligibility

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

Required Documents

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Passport Size Photographs
✦
Copy of Aadhaar Card
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Copy of PAN Card
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Copy of Himachali Bonafide Certificate (Domicile of Himachal Pradesh)
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Bank Account details
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Proof of pursuing course/higher education
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Proof of Address
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Any other document, as required

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: State Government
Max benefit: ₹10.0 L
Launched: 1 Apr 2016