Haryana Government education loan to study abroad is available for students belonging to the state of Haryana. The Haryana Government offers educational loans under various schemes for students to pursue higher studies. Students who complete class 12 and want to get an overseas education loan can avail benefits of Haryana Government Education Loan Schemes. Two such schemes to finance higher education to study abroad are the Uchch Shiksha Loan Yojana for unprivileged female students at 5% p.a and the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam Education Loan. The interest rate for this loan is 4% for males and 3.5% for females.
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Haryana Government Education Loan Scheme: Uchch Shiksha Loan Yojana
Haryana Government’s Uchch Shiksha Loan Yojana supervised by the Women Development Corporation is an education loan scheme for girls. This scheme aims to help aspiring girls from the financially weaker section of society to pursue higher education in India and abroad. This scheme provides education loans at subsidized interest rates starting from 5% p.a.
| Objective | To encourage female students to pursue higher studies in India and abroad |
| Interest Rates | Starting from 5% p.a. |
| Level of Study | Graduate/ Post Graduate/ Doctoral/ Post Doctoral |
| Quantum of Finance | Need-based (Depends on the lending institution) |
Eligibility Criteria
The Uchch Shiksha Loan Yojana under the Haryana Government Education Loan Scheme, offers benefits only to eligible students. The applicants must fulfil the following eligibility criteria-
- All Haryana Domicile and Haryana Govt. Employees Girls are eligible.
- Students must have completed class 12
- Should be a minimum of 18 years of age
- Must apply to Graduate/ Post Graduate/ Doctoral/ Post Doctoral programs in India or abroad
- The loan is available as per the bank education loan scheme for higher studies
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How to Apply?
The loan amount will be given to the banks directly. The students will have to provide their bank account and IFSC code where they want the loan amount deposited.
Haryana Government Education Loan Scheme: The Nigam
The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam also provides education loans to the members of backward classes in Haryana to pursue professional and technical education at graduate and higher levels. Students under this scheme can avail of education loans of up to INR 10 lakhs to study in India and up to INR 20 lakhs to study abroad. The interest rate is set to 4% p.a and for girls, it is set at 3.5% p.a.
| Quantum of Finance | Up to INR 10 lakhs (in India)Up to INR 20 lakhs (to study abroad) |
| Interest Rates | For males- 4% p.a. For females- 3.5% p.a. |
| Moratorium Period | 6 months after course completion or 6 months after starting a job |
| Courses Covered | All professional and technical courses at the graduate and higher levels of recognized university and vocational courses |
Eligibility Criteria
Like the other government schemes, the Nigam also provides education loans only to eligible students. The students must fulfil the following criteria-
- Students must have completed class 12
- Student must be a resident of Haryana State with the I-card / PPP (Parivar Pehchan Patra)
- Family income should not exceed INR 6 lakhs p.a.
- For the MBBS courses, there will be no income criteria. Anyone who has qualified NEET examination and has secured a seat through open counselling will be eligible.
- Students must have secured admission to professional/technical courses in India or abroad through an entrance test/merit-based selection process.
How to Apply?
To apply for an education loan with The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam, students need to visit the official website and complete the application form. Follow these simple steps to apply-
- Visit the official website of Saral Haryana
- Fill up the given application form with valid credentials, i.e. Details of the applicant, Qualifications, Family details, property details etc.
- Go through the page
- Review your application to ensure all the details are correct and submit it.
FAQs on Haryana Government Education Loan Scheme To Study Abroad
Haryana Government education loan schemes to study abroad are schemes for students to pursue higher studies. Students who complete class 12 and are bound by financial burdens can avail of benefits under these schemes.
Two such schemes to finance higher education to study abroad are the Uchch Shiksha Loan Yojana for female students the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam for members of backward classes in Haryana.
The interest rate depends on the financial institution you avail an education loan from. It starts from 8.5% p.a and goes up to 13% p.a.
Students must have completed class 12, be a resident of Haryana State with the I-card / PPP (Parivar Pehchan Patra), and have secured admission to professional/technical courses in India or abroad through an entrance test/merit-based selection process to be eligible for education loan schemes.
The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam also provides education loans to the members of backward classes at 3.5% p.a for females and 4% p.a for males.
This was all about Haryana Government Education loan schemes to study abroad.
To know more about education loans, the loan application process, the best international bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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Sir
Please give the bank details providing education loan in haryana
Hi Lekh Raj
You can get an education loan for higher education in India or abroad from any public or private sector banks situated in your district. However, there are some banks operating only in Haryana provides education loan such as the Panchkula Central Cooperative Bank, the Sonepat Central Cooperative Bank and Sarv Haryana Gramin Bank. You can visit the nearest branch of these banks and apply for an education loan.
For more details and easy finance solutions, reach out to our experts at 1800572126 to help ease your education loan and other services.