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Subsidy on Educational Loan for Overseas Studies

New Delhi: The Ministry of  is implementing a scheme, ‘Padho Pardesh’ to provide Interest Subsidy on Educational Loans for overseas studies for students belonging to minority communities’ from the current year ( 2014-15). Under this scheme, interest subsidy is awarded to pursue approved courses of studies abroad at Masters and Ph.D levels with the objective to provide minority students better opportunities for higher education and enhance their employability. The interest subsidy is provided for the period of moratorium (course period, plus one year or six months after getting job, whichever is earlier). To be eligible, students should have availed loan under the Education Loan Scheme of the Indian Banks Association (IBA) and the annual family income should not exceed Rs.6.00 lakh. For educational empowerment of minority students, this Ministry is implementing   many  schemes such as- - Pre-Matric Scholarship for classes I to X. To be eligible, student should have secured at least 50% marks and annual family income should not exceed Rs.1.00 lakh. - Post-Matric Scholarship for classes XI up to Ph.D. To be eligible, student should have secured at least 50% marks and annual family income should not exceed Rs.2.00 lakh. - Merit-cum-Means based Scholarship for Technical and Professional courses at Under-Graduate and Post-Graduate level. To be eligible, student should have secured at least 50% marks and annual family income should not exceed Rs.2.5 lakh. - Maulana Azad National Fellowship for M.Phil and Ph.D. To be eligible should have registered in a university for research and the family income should not exceed Rs.2.5 lakh. - Free Coaching & Allied Scheme for providing coaching for admission in Technical and Professional courses and for competitive examinations for Group A and B services. To be eligible, candidate should possess the desired qualifications to take the exam and annual family income should not exceed Rs.3.00 lakh. - Support to minority students clearing Prelims conducted by Union Public Service Commission/Staff Selection Commission, State Public Service Commission (PSC) etc. for preparation of Mains examination. To be eligible, annual family income should not exceed Rs.3.00 lakh. In all the above scholarship/fellowship schemes 30% is earmarked for girl students. This was stated by Shri Mukhtar Abbas Naqvi, the Minister of State for Minority Affairs in reply to a written question in Rajya Sabha today. Fellowship Under Rajiv Gandhi National Fellowship Scheme University Grant Commission (UGC) is the nodal agency for implementing the scheme of Rajiv Gandhi National Fellowship for SC Candidates. Details of number of selected candidates who have received Rajiv Gandhi National Fellowship for M.Phil and Ph.D. New Schemes for Economically Backward Classes The following new schemes for the welfare of Economically Backward Classes (EBCs) have been launched in 2014-15 with the approval of the competent authority:- (i) Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for Economically Backward Classes (EBCs) (ii) Dr. Ambedkar Post-Matric Scholarship for the Economically Backward Class Students (Centrally Sponsored Scheme). Further, the Government of India through Ministry of Human Resource Development runs a Mid-Day Meal Scheme under which mid day meal is provided on each school day at prescribed norms to children studying in the classes I- VIII in Government, Government aided, and Special Training Centers including Madrasas & Maqtabs recognized under SSA irrespective of class, caste and gender of the student.

About Sanjay Trivedi

Sanjay Trivedi is honorary editor of Asia Times. He is senior Indian Journalist having vast experience of 25 years. He worked in Janmabhoomi, Vyapar, Divya Bhaskar etc. newspapers and TV9 Channel as well as www.news4education.com. He also served as Media Officer in Gujarat Technological University.

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