Loan scheme offering up to ₹15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with f…
Padho Pardesh
Ministry: Ministry Of Minority Affairs
Padho Pardesh is a scheme of interest subsidy on educational loans for overseas studies for the students belonging to the minority communities. The scheme was launched by the Ministry of Minority Affairs in 2006 under the Prime Minister's New 15 Point Programme for the Welfare of Minorities.
About This Scheme
Benefits
- Financial assistance: The scheme provides an interest subsidy on education loans, which can help to reduce the cost of overseas education for minority students.
- Increased access to education: The scheme makes overseas education more accessible to minority students from all backgrounds, regardless of their financial situation.
- Improved employability: Studying abroad can give students a competitive edge in the job market, and the Padho Pardesh scheme can help minority students to achieve their career goals.
- Personal and professional development: Studying abroad can be a transformative experience, and the Padho Pardesh scheme can help minority students to develop their skills and knowledge in a global context.
Eligibility
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Students must have been admitted to an approved master's, M.Phil, or Ph.D. program abroad.
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Students must have been admitted to a recognized university or institution abroad.
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Student's family income must not exceed ₹ 6,00,000 per annum.
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Students must have obtained an education loan from a scheduled bank under the Indian Banks Association (IBA) Education Loan Scheme.
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Students must apply for the scheme's benefits during their first year of study. Applications received in the second year or later will not be accepted.
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Priority will be given to applications from states and union territories with lower bank interest rates.
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Payment of financial benefits may be linked to the student's Aadhaar number.
Required Documents
- ✦Application form.
- ✦Admission letter.
- ✦Passport.
- ✦Income certificate.
- ✦Education loan application.
- ✦Aadhaar card.
✦ Required ◦ Optional
How to Apply
- Open the official website.
- Click on the "Apply Now" option.
- Fill the required details
- ISD Code,
- Mobile number
- Email ID.
- Submit the details.
Quick Info
- Level
- Central Government
- Launched
- 26 Feb 2014
- Deadline
- 15 Dec 2022
Categories
Data Sources
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed Today
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 8 days ago
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 15 days ago
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 23 days ago
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/ppma ↗Accessed 1 months ago
