Indian government yojana (schemes) for students for abroad studies
Progressively Indian students are flying abroad for their higher studies. As per government 750000 Indian students are presently studying in out of countries. Though it appeals for foreign education is very costly at some stages. This is the major reason why students start search out for best education loans and scholarships once they secure admission.
The superior thing is that
there are various banks and NBFC’s give education loans for abroad studies but
better is that government is quickly working on providing subsidy schemes for
supporting students. It is appropriate to almost all education loan schemes
from SBI Education Loan for Abroad to the Fullerton India Education Loan which
makes students bother free.
Designed mainly for education
loan schemes concern to foreign education, these schemes comes in factor of
some regulations like the annual family income and the caste category of the
student. Some of these admired schemes are mentioned below.
1.
Padho Pardesh
Padho Pardesh is the rich education
loan subsidy scheme launched by the Ministry of Minority Affairs, Government of
India. The scheme’s purpose is to support the minority communities want to get
foreign education, moreover at Master’s, M.Phil. or the Ph.D. level.
Features of Padho
Pardesh
- 100% interest will be invested by government .
- The interest is cover only for the freeze
period.
- You can only get the scheme once.
- Scheme cover up lots of courses.
.
Eligibility for Padho Pardesh
·
Muslims, Parsis, Christians, Sikhs, Jains communities are
eligible.
·
Annual income should not be more than INR 6 lakhs of the
student’s parents or guardians.
·
The loan sanctioned should be listed in Indian Banks
Association.
2. Dr. Ambedkar
Education Loan Interest Subsidy Scheme
Initiated by the
Ministry of Social Justice and Empowerment, this schemes provide education to
OBCs and EBCs. The scheme provides interest subsidy to commendable students aid
to Master’s, M.Phil., or Ph.D. courses from foreign universities.
Eligibility Criteria
·
In the case of OBCs, the students must acquire OBC Caste
Certificate issued by capable authorities.
·
The annual family income should not surpass INR 3 lakhs for
OBCs and INR 1 lakh for EBCs.
3. Overseas
Doctoral Fellowship
The Science and
Engineering Research Board (SERB), a legislative board under the Department of
Science and Technology, Government of India, has begin this scheme to sponsor
doctoral programs abroad. The board will include a fellowship amount of $2000
per month beside with the cover of travel expenditures and introductory
allowance. The selection of students will be made by the overseas institution
in consolidating with SERB.
Agreement that has
been signed by various institutions are:
·
Cambridge University, UK
·
Stanford University, USA
·
Carnegie Mellon University, USA
·
University of Southern California, USA
·
University of California, Irvine, USA
·
Rice University, USA
·
University of New York, USA
·
University of British Columbia, Canada
4. National
Overseas Scholarship
Opened by the
Ministry of Social Justice and Empowerment, Government of India scheme provides
scholarship to students belonging SCs and STs. It supports Master level and
Ph.D. level courses of subjects:
·
Engineering and Management
·
Pure Sciences & Applied Sciences
·
Agricultural Sciences and Medicine
·
Commerce, Accounting & Finance
·
Humanities & Social Science
These schemes are
supporting those students who are not financially stable but are obliged to
take education loans. With such beneficial schemes, also government take care
of that no child quits education.