Saturday, May 14, 2022

indian government yojana (schemes) for students to study abroad.

 Want to Pursue Overseas Education? These Government Schemes Might Ease Your Trip

 Further and further Indian scholars are flying abroad for their advanced education. As per government studies, there are further than Indian scholars presently studying in universities overseas. Despite its charms, foreign education can be really precious to fund at times. This is the biggest reason why scholars start searching for stylish education loans and literacy as soon as they secure admission. 

 The good thing is that there are numerous banks and NBFCs in the request furnishing education loans for abroad studies. What’s better is that the government has been acting as a catalyst by furnishing colorful subvention schemes to support scholars. Applicable to nearly all of the education loan schemes ranging from SBI Education Loan for Abroad to the Fullerton India Education Loan scheme, these subvention schemes make studies abroad hassle-free. 

 Designed particularly for education loan schemes pertaining to foreign education, these schemes take some factor into considerations like the periodic family income and the order of the pupil. 

1. Padho Pardesh 

 Padho Pardesh is the flagship education loan subvention scheme launched by the Ministry of Minority Affairs, Government of India. The scheme’s purpose is to support scholars of nonage communities aspiring for foreign education, either at Master’s,M.Phil. or thePh.D. position. 

 Features of Padho Pardesh 

  •  The government will finance the 100 interest. 
  • The interest is covered only for the doldrums period. 
  •  The scheme can be profited only formerly. 
  •  The scheme covers a veritably wide range of courses. 

Eligibility for Padho Pardesh 

  • The pupil should belong to a nonage community similar as Muslims, Parsis, Christians, Sikhs, Jains. 
  •  The periodic income of the pupil’s parents or guardians shouldn't be further than INR 6 lakh. 
  •  The loan should be permit by a bank falling under Indian Banks’Association. 


Also, check up Government Subsidy Schemes Funding Education Loans for Study in India. 

2.Dr. Ambedkar Education Loan Interest Subsidy Scheme 

 Introduced by the Ministry of Social Justice and Commission, this scheme finances the overseas education of scholars belonging to Other Backward Classes (OBCs) and Economically Backward Classes (EBCs). The scheme provides interest subvention to meritorious scholars serving Master’s,M.Phil., orPh.D. courses from foreign universities. 


Eligibility Criteria 

 The loan should be sanctioned by a bank falling below Indian Banks’Association. 

The course should fall under the orders approved. 

 In the case of OBCs, the scholars must retain OBC Caste Certificate issued by a competent authority. 

 The periodic family income shouldn't exceed INR 3 lakh for OBCs and INR 1 lakh for EBCs. 

 3. Overseas Doctoral Fellowship 

 The board will give a fellowship quantum of$ 2000 per month along with the cover of trip charges and introductory allowance. The selection of scholars will be made by the overseas institution in discussion with the SERB. 


Institutions with which the agreement has been inked are 

  •  Cambridge University, UK 
  •  Stanford University, USA 
  • Carnegie Mellon University, USA 
  • University of Southern California, USA 
  •  University of California, Irvine, USA 
  • Rice University, USA 
  • The State University of New York, University at Buffalo, USA 
  • University of British Columbia, Canada 

4. National Overseas Scholarship 

 Launched by the Ministry of Social Justice and Commission, Government of India, this scheme provides education to scholars belonging to orders of Schedules Gentries (SCs) and Slated Lines (STs). This scheme covers Master position andPh.D. position courses under the fields of 

  • Engineering and Operation 
  •  Pure Lores & Applied Lores 
  •  Agricultural Lores and Medicine 
  •  Commerce, Accounting & Finance 
  •  Humanities & Social Science 

 These schemes are supporting those scholars who aren't financially sound but are impelled to take education loans. With similar salutary schemes, the government ensures that no child drops education just because of the plutocrat problem. 

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