Padho Pardesh Scheme In Hindi
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Padho Pardesh Yojana | Padho Pardesh Yojana 2023 in hindi

Padho Pardesh Yojana 2023 Padho Pardesh scheme (yojana) Eligibility, how to apply, FAQ

Often, due to the high interest of education loan, poor, backward class and minority students are not able to get financial support for pursuing higher studies. The central government has started the Padho Pardesh scheme to make poor students realize their dreams by providing education. Under the scheme, the government has announced to give subsidy on loan for higher education to the studying children. With the help of this scheme, the government will fulfill the needs of many needy people. The special things related to this scheme are being described here.

study abroad Launch of the Scheme ,launch date of padho pardesh scheme)

The scheme was launched by Mukhtar Abbas Naqvi during the 2013- 2014 financial year. In the immediate time, he was holding the post of minister in the cabinet of the central ministry. This scheme will be run by the Ministry of Minor Affairs of the Government.

padho pardesh yojana

Features of Padho Pardesh Scheme, Pado pradesh yojana key features

The main features of this scheme run for poor students are being described below.

  • Development of education of minorities and backward classes: The main objective of this scheme is to provide financial help to the students of minority and backward classes for education. Under this, they will be given loan for studies, on which they will also get subsidy.
  • 100% subsidy on interest: In the immediate time, there are very high interest rates on the education loan given by the bank, due to which many people do not take the loan. Under this scheme, the government will give subsidy up to 100% on the rate of loan to the students.
  • Course Duration Wrapping: According to the scheme, the beneficiary will get loan waiver till the completion of the course being done by him. In this way, students will be able to concentrate their full attention on studies.
  • Applicable for Partial Course: There are many such courses, which are taught economically in educational institutions. That is, some part of the course is taught in India and the remaining part is taught abroad. Students pursuing such courses will get interest subsidy until they get a degree from a foreign university.
  • Number of Beneficiaries: Till the present time, about 1,500 students have taken advantage of this. In the future, more and more students will be able to get the opportunity to take advantage of this scheme easily.

Eligibility Criteria for the scheme:

The government has fixed some special qualifications for this scheme, which are being explained below.

  • The applicant of this scheme must belong to the minority category. People of caste or religion like Christians, Muslims, Sikhs, Jains, Buddhists and Parsis can avail benefits under this scheme.
  • The applicant will be able to get this subsidized loan only when they are getting education from a recognized educational institution. If the applicant is getting education from abroad, then it is mandatory for the institution to be recognized.
  • The applicant must be a student of any higher education. For example, it is mandatory for the applicant to be a student of MPhil, PhD, MBA etc., only then you will get the benefit.
  • The government has fixed the annual income limit for the beneficiaries under this scheme, due to which the students with outside income will not be able to get the benefit. The government has planned to provide benefits under this scheme to those people whose family income is 6 lakhs or less.
  • Under this scheme, only those students will be able to get the benefits, whose education loan Should be less than 20 lakhs. So this is a major limitation of this scheme. Due to which the applicant student will be able to get education in any corner of the world.
  • Under this scheme, the government will give the benefit of the scheme only to those people who are formally Indian citizens. Therefore, it is also mandatory for the beneficiary of the scheme to be an Indian citizen.

Loan rules under the scheme ,rules to get education loan

  • loan amount: Under this scheme, any minority category student can get a maximum loan of Rs. 20 lakh from any Indian bank, so that he can meet the necessary expenses of his studies.
  • Rate of interest: Students will not have to pay any interest on the amount taken under this scheme during the time period till the completion of the course. Apart from this, students will get an additional time of 1 year 6 months, during which they will need to find a job. Once this time period is over, the applicant will be required to repay the entire interest and principal amount of the loan.
  • Payment of amount: The applicant needs to pay the amount after the completion of his course. However, the student taking the loan can deposit this amount in easy installments as well.
  • Payment Method: The applicant will be able to get the amount received under this scheme in his bank account. student for net banking Or you can get the loan amount by using cheque. The procedure for payment of loan and loan interest will also be the same.
  • Loan Timing: Under this scheme, the government will give a time of one and a half years after the beneficiary gets a job, under which he can repay his loan.

subsidy rules: (Ssubsidy on education loan

Under this scheme, the government will give 100% loan to those applicants who are fully eligible for the scheme. it subsidy This will be applicable for the entire duration of the study.

Documents required for the scheme, (Documents required for Padho pardesh scheme)

It is mandatory for the applicant to have the loan application. This application can be obtained by the applicants from various Government owned banks. This application must be properly filled.

  • Aadhaar card with the applicant It is mandatory to have The government will use this to get information about the name, address, age etc. of the applicant. It is necessary for the applicant to provide bank account details along with his application. Therefore, it is mandatory for the applicant to have a bank account in any bank.
  • It is also mandatory for the applicant to have the admit card of the course taken by him and the university. Therefore, it is necessary for the applicant to have the documents obtained from his university.
  • It is mandatory for the applicant to have the income certificate of his family. This certificate will be needed to understand the measure of income fixed by the government.
  • It is mandatory for the applicant to have a certificate of being a minority. This certificate must be recognized by the Government’s Development of Minority Community.

Banks under the scheme (list of banks in padho pardesh scheme)

Under this scheme, the government has included all those banks which are under the bank government. Apart from this, co-operative banks, private banks, various public sector banks, etc. which come under the Indian Bank Association (IBA) are working for this scheme.

How to apply for the scheme (How to apply for padho pardesh scheme in Hindi)

  • To get the application, the applicant has to collect all the documents related to his admission by going to any bank recognized by the IBA Banking Law Committee and get the application.
  • Education credit document will be given to the applicant from the bank. It is mandatory to fill it very carefully with correct information. Once the loan documents are completely filled, the applicant needs to attach all the necessary documents along with it.
  • Once all the work is done by the bank, the applicant’s application will be taken to the ‘Ministry of Welfare’. After that the final decision will be taken whether the applicant is eligible for this scheme or not.

plan budget,budget of padho pardesh scheme)

To start this scheme, the government had fixed a total budget of Rs 7.5 crore. However, as the number of applicants increases over time, budgets will be made by the government, so that more number of students can take advantage of this scheme. In this way, this scheme of the Government of India is very important for those students who want to improve their life by studying.

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