There are various Government Schemes To Help Students such as the PADHO PRADESH Scheme, DR AMBEDKAR CENTRAL SECTOR SCHEME, and the Central Scheme of Interest Subsidy for Education Loans.

1. Indian Government
Schemes to Help Students Study
Abroad : Educational Loans
presents

2. Why to Apply for Indian Government Educational
Loan Schemes?
 Higher cost of education and soaring inflation rates
make it difficult for students to fulfil their dreams
of pursuing further studies abroad.
 This is where educational loans come to a student’s
rescue as they help him/her to finance his/her higher
education abroad.
 But education loans too are a
costly affair with interest rates
increasing by the day.

3. Why to Apply for Indian Government Educational
Loan Schemes?
 The Indian government therefore provides educational loan
schemes which help students to cut down on their loan related
costs to a great extent.
 These schemes provide interest subsidy rates for a specific
portion of loan for a specific period.
 Their central aim is to make higher education accessible to
students from minority or lower income groups.
 Primary examples of schemes offered by the Indian
government for education loans are Padho Pardesh
Scheme, Dr. Ambedkar Central Sector Scheme and
Central Scheme of Interest Subsidy for Education Loans.

4. Padho Pardesh Scheme: Objectives and Benefits
 Was introduced by the
Ministry of Minority
affairs, Government of
India, and IBA.
 Awards interest
subsidy to meritorious
students belonging to
economically weaker
sections of the notified
minority communities.

5. Padho Pardesh Scheme: Objectives and Benefits
 The objective is to provide students with better
opportunities for higher education abroad and enhance
their employability.
 Students are eligible for 100% interest subsidy on an
educational loan till the moratorium period.

6. Padho Pardesh Scheme: Eligibility
Requirements
 Must belong to a minority community. Under Section
2(c) of the National Commission for Minorities Act,
1992, the minor communities arMuslims, Christians,
Buddhists, Sikhs and Zoroastrians (Parsis).
 Should have secured admission in the ae approved
courses at Master’s level/Ph.D./M.Phil level abroad
courses.
 Should have availed loan from a scheduled bank under
the Educational Loan Scheme of the Indian Bank
Association (IBA). Education Loans from NBFCs are
not eligible for the scheme.
 Total income from all sources of the family must not
exceed Rs. 6 Lakhs per annum.

7. Padho Pardesh Scheme: Application
Procedure
 Start with the process right
after securing admission in a
recognized university.
 Approach a bank of your
choice, which is a member
of IBA, along with the
admission papers.
 Request for the processing
of the application under
the Padho Pardesh
Scheme.

8.  The bank’s education loan
scheme must follow IBA’s
model education loan
scheme – something you
should confirm with your
bank when you apply.
 Once the loan documents are
submitted along with the
required documents, the form
is sent to the respective
department of Ministry of
Minority affairs for
processing.
Padho Pardesh Scheme: Application
Procedure

9. Dr. Ambedkar Central Sector Scheme:
Objectives and Benefits
 Main objective is to promote the educational advancement
of Other Backward Classes and Economically Backward
Classes groups.
 Provides them with access to better opportunities in
higher studies and boosts their employment prospects.
 Full interest waiver during moratorium period is provided
.
 Interest subsidy is provided till the moratorium period
only.
 For loans beyond Rs. 20 lakhs, interest subsidy will be
provided only upto the amount of Rs. 20 lakhs.

10. Dr. Ambedkar Central Sector Scheme: Eligibility
Requirements
 Should be a citizen of India and must belong to
EBC/OBC.
 For OBC candidates, total family income should not
exceed Rs.3 lakhs per annum.
 For EBC candidates, the family income should not
cross Rs. 1 lakh mark per annum.
 Must have certificate/proof of belonging to
EBC/OBC.
 Should have availed loan from a scheduled bank under
the Educational Loan Scheme of the Indian Bank
Association (IBA). Education loans from NBFCs are
not eligible for the scheme.

11.  Post-admission in a university, file an
application with the lending bank to avail
the loan scheme.
 After submitting the documents, the bank
will process the application and forward it to
the Ministry of Social Justice and
Empowerment.
Dr. Ambedkar Central Sector Scheme:
Application Procedure
 Note - 50 % of
the outlay every
year is
earmarked for
girl students.

12. Central Scheme of Interest Subsidy for
Education Loans (CSIS): Benefits and
Objectives
 Formulated by the
Ministry of Human
Resources
Development,
Department of Higher
Education.
 This scheme is
applicable to students
from Economically
Weaker Sections
(EWS).

13.  Interest subsidy is granted for the period of
moratorium, i.e., 12 months after completing the
course or 6 months after getting the job (whichever is
earlier).
 The interest subsidy is linked with the existing
education loan scheme of IBA and restricted to
students enrolled in recognized technical/professional
courses.
 Note: Again, the interest subsidy is provided for loans
up to Rs. 20 lakhs only, and post the limit, the interest
rate is reimbursed on Rs. 20 lakhs only.
Central Scheme of Interest Subsidy for Education
Loans (CSIS): Benefits and Objectives

14. Central Scheme of Interest Subsidy for
Education Loans (CSIS): Eligibility
Requirements
 Should have secured admission in the approved
courses from recognized Indian/Foreign universities.
 Should have availed loan from a scheduled bank
under the Educational Loan Scheme of the Indian
Banks’ Association (IBA).
 Again, loans from NBFCs do not qualify for this
benefit.
 Total income from all sources of the family shall not
exceed Rs. 4.50 lakhs per annum.

15. Central Scheme of Interest Subsidy for
Education Loans (CSIS): Application Procedure
 After securing admission
in a university, file an
application with the
lending bank to avail the
loan under this scheme
 After the submission of
the required documents,
the bank will process the
application and forward
it to the Ministry of
Social Justice and
Empowerment.

16. Thinking of taking education loans?
Apply for any of these scheme to give
wings to your dreams of pursuing
higher studies abroad!
Thank you!
Apply Now

17. Indian Government Schemes To Help Students Study
Abroad : Educational Loans
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