Haryana Government Education Loan Scheme To Study Abroad

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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 later education loans are provided to the students belonging to backward classes in Haryana to pursue professional and technical education at graduate and higher levels. The interest rate for this loan is 4% for males and 3.5% for females.  Let’s understand in detail the Haryana Government education loan scheme to study abroad. 

Also Check: How to Claim Tax Exemption from Education Loan

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. 

ObjectiveTo encourage female students to pursue higher studies in India and abroad
Interest RatesStarting from 5% p.a. 
Level of StudyGraduate/ Post Graduate/ Doctoral/ Post Doctoral
Quantum of FinanceNeed-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

Also Read: Early Repayment Charges on Education Loan

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 FinanceUp to INR 10 lakhs (in India)Up to INR 20 lakhs (to study abroad)
Interest RatesFor males- 4% p.a. For females- 3.5% p.a. 
Moratorium Period6 months after course completion or 6 months after starting a job 
Courses CoveredAll 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

What Haryana Government education loan schemes to study abroad are available?

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. 

Is there any Haryana Government education loan scheme to study abroad? 

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. 

What is the interest rate for education loans 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. 

Which students are eligible for Haryana Government education loan schemes to study abroad?

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.

What is the interest rate on the Haryana Government Education Loan Scheme by Nigam? 

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 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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About Shubhika Garg

Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.

2 thoughts on “Haryana Government Education Loan Scheme To Study Abroad”

    • 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.

      Reply

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