A scheme to provide financial support in the form of interest subsidy on Educational Loans availed from Banks by Himachali Students for pursuing Higher Education in India and Abroa...
Under this Scheme, Interest subsidy is admissible from any bank on an education loan availed up to the maximum of ₹10 lakhs.
Interest subsidy to the extent of 4% per annum on education loans will be allowed.
**Note:** Interest subsidy will be provided on interest charged on eligible education loan accounts during the repayment/ holiday/ moratorium period i.e. course period plus moratorium period of a maximum of one year.
पात्रता (कौन ले सकता है)
The student should be a Bonafide Himachali.
The students of the State who avail of educational loans from any Bank for pursuing professional/technical courses and higher education courses from recognized Institutions in India are eligible to apply under this scheme.
The interest subsidy shall be available to eligible students only if no other interest subsidy on education Loans is availed under any other scheme of the State Government/Government of India.
आवेदन कैसे करें
**Offline**
> **Application Process:**
**Step 01:** The students, who want to avail the benefit of the scheme, may visit the nearest bank and apply directly through the bank.
**Step 02:** The student may collect the application form from the bank and fill out it completely.
**Step 03:** Attach all the relevant documents along with the application form.
**Step 04:** Submit the completely filled form to the bank.
> **Post-Application Process:**
**Step 01:** UCO bank will be the Nodal Bank for the administration of the Interest subsidy scheme of the Department of Higher Education, Government of Himachal Pradesh.