“Maulana Azad Education Finance Foundation Scheme” is a social security scheme by the Minority Welfare Department, Government of Uttarakhand, that provides interest-free loans for...
Under this scheme, students from minority communities are provided interest-free loans of up to â‚ą5 lakh for pursuing higher education in India and abroad.
Eligibility (who can apply)
The applicant must be a permanent resident of Uttarakhand.
The applicant must belong to a minority community (Muslim, Sikh, Christian, Parsi, Buddhist, or Jain).
The age of the applicant should be between 18 and 35 years.
The applicant must have passed Class 12.
The applicant must be studying in or have taken admission to a university/college/institute recognized by the Central Government, State Government, or any other competent authority.
The annual family income of the applicant from all sources should not exceed â‚ą2,50,000/-.
The beneficiary availing the loan must repay it within 3 years after the completion of education or upon gaining employment, whichever is earlier.
How to Apply
**Offline**
- The application form is obtained from the district office and must be submitted to the same office by August 31.
The application process is currently offline.
- Along with the application form, the applicant is required to submit a recent passport-size color photograph, Aadhaar card, permanent residence certificate, minority certificate, birth certificate, previous year’s mark sheet, admission certificate from the college or institute, fee structure, college identity card, passbook of a nationalized bank, and an affidavit declaring that the loan scheme is being availed for the first time.
In addition, the guarantor’s documents, such as salary or income certificate, PAN card, recent photograph, Aadhaar card, ration card, and status certificate report, must also be attached.
- After submission, the district office forwards the applications to the corporation headquarters by September 15.
These applications are then presented before the selection committee constituted by the Government of Uttarakhand.
Once approved by the loan selection committee, the sanctioned loan amount is transferred to the account of the concerned district in accordance with the applicant’s requirement.
Frequently Asked Questions
Who is eligible for Maulana Azad Education Finance Foundation Scheme / what is the eligibility?
1. The applicant must be a permanent resident of Uttarakhand.
1. The applicant must belong to a minority community (Muslim, Sikh, Christian, Parsi, Buddhist, or Jain).
1. The age of the applicant should be between 18 and 35 years.
1. The applicant must have passed Class 12.
1....
What are the benefits of Maulana Azad Education Finance Foundation Scheme?
Under this scheme, students from minority communities are provided interest-free loans of up to â‚ą5 lakh for pursuing higher education in India and abroad.
How to apply online for Maulana Azad Education Finance Foundation Scheme?
**Offline**
- The application form is obtained from the district office and must be submitted to the same office by August 31. The application process is currently offline.
- Along with the application form, the applicant is required to submit a recent passport-size color photograph, Aa...