The Education Loan Scheme – Credit Line 2 for Minority Community is implemented by the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam. This scheme provides educational loans to students from minority communities to pursue general, professional, and technical courses at the graduate level or higher.
Eligible applicants can avail of loans up to ₹20,00,000 for professional degree courses in India and ₹30,00,000 for studying abroad. The scheme offers concessional interest rates of 8% for males and 5% for females.
Benefits
- Loan up to ₹20,00,000 for professional degree courses in India.
- Loan up to ₹30,00,000 for professional courses abroad.
- Interest rate:
- 8% for male applicants.
- 5% for female applicants.
- Covers general/professional/technical courses at the graduate level or higher.
- Loan repayment tenure with affordable EMIs.
Eligibility Criteria
- Permanent resident of Haryana.
- Age between 16 and 32 years.
- Annual family income limit:
- Rural Areas: ₹98,001 – ₹8,00,000
- Urban Areas: ₹1,20,001 – ₹8,00,000
- Belongs to a Minority Community (Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains).
- Must have secured admission to a recognized professional or technical course in an institute approved by AICTE, Medical Council of India, UGC, or other regulatory bodies.
- Minimum academic requirement: 50% marks in the qualifying examination.
- Must have a Parivaar Pehchan Patra (PPP ID).
Application Process
Online Application via Antyodaya-SARAL Portal
New User Registration
- Visit the Official Portal: Antyodaya-SARAL Portal
- Click on “New User” under the Sign-In section.
- Fill in Name, Email ID, Mobile Number, Password & State and click Submit.
- Verify mobile number & email ID using the OTP sent.
Applying for the Loan
- Login to the Antyodaya-SARAL Portal using your registered email ID and password.
- Click “Apply for Services”, then “View all Available Services”.
- Search for Education Loan Scheme – Credit Line 2 for Minority Community.
- Enter Parivar Pehchan Patra (PPP ID) and click “Fetch Family Data”.
- Select the applicant’s name and verify via OTP.
- Fill in the required details and upload necessary documents.
- Preview and submit the application.
Tracking the Application
- Applicants can track their application status on the Antyodaya-SARAL Portal by entering:
- Department Name
- Scheme Name
- Application Reference ID
Documents Required
- Aadhaar Card (Identity & Citizenship Proof)
- Proof of Age (Birth Certificate, SSC Certificate)
- Haryana Domicile Certificate (Resident Proof)
- Caste/Religion Certificate (Community Proof)
- Parivaar Pehchan Patra (PPP ID)
- Copy of PAN Card
- Passport-size Photograph
- Bank Account Details
- Fee Structure from the Institution
- Proof of Admission to the Course
- Previous Academic Qualification Certificate
- Any other required documents
Frequently Asked Questions (FAQs)
Q: Who is eligible for the loan?
Applicants must be permanent residents of Haryana, belong to a minority community, have family income within the specified range, and have secured admission in an approved professional or technical course.
Q: What is the “Creamy Layer” income criterion?
The annual family income must be between ₹98,001 – ₹8,00,000 (rural areas) and ₹1,20,001 – ₹8,00,000 (urban areas) to qualify for this scheme.
Q: How much loan can be availed for courses in India?
Eligible applicants can avail of up to ₹20,00,000 for professional degree courses in India.
Q: How much loan can be availed for courses abroad?
For courses abroad, applicants can avail of up to ₹30,00,000 under this scheme.
Q: What is the interest rate for male applicants?
The interest rate for male applicants is 8% per annum.
Q: What is the interest rate for female applicants?
The interest rate for female applicants is 5% per annum.
Q: What courses are covered under this scheme?
The scheme covers general, professional, and technical courses at the graduate level or higher, approved by AICTE, UGC, Medical Council of India, etc.
Q: What is the age limit for applicants?
Applicants must be between 16 and 32 years old.
Q: What are the eligible minority communities?
Applicants must belong to one of the six notified minority communities:
- Muslims
- Sikhs
- Christians
- Buddhists
- Parsis
- Jains
Q: Is there a minimum academic requirement?
Yes, applicants must have secured at least 50% marks in the qualifying examination.
Q: How can one apply for the loan?
Applicants must apply online through the Antyodaya-SARAL Portal and follow the application steps.
Q: Can loans be availed for both graduate and post-graduate courses?
Yes, this scheme covers graduate and post-graduate courses in India and abroad.
Sources & References
- Official Website
- Antyodaya-SARAL Portal: Apply Online
- Scheme Guidelines