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Tuesday, March 22, 2022

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

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

 Further and further Indian scholars are the flying abroad for their advanced education. As per government studies, there are the further than Indian scholars currently studying in the 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 the best education loans and literacy as soon as they secure admission. 

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

 Designed particularly for the education loan schemes pertaining to foreign education, these schemes take some factor into the 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 the nonage communities aspiring for foreign education, either at the 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 the scholars belonging to Other Backward Classes (OBCs) and Economically Backward Classes (EBCs). The scheme supply 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 must be fall under the orders approved. 

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

 The periodic family income must not exceed INR 3 lakh for OBCs and INR 1 lakh for the EBCs. 

 3. Overseas Doctoral Fellowship 

The Science and Engineering study Board (SERB), a statutory board below the Department of Science and Technology, Government of India, has launched this scheme to fund doctoral programs abroad. 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 the supporting those scholars who are not 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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