The Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam implements the Education Loan Scheme – Credit Line 1 to provide education loans for general, professional, or technical courses at the graduate or higher level to minority communities.
This scheme is designed to support students from Muslim, Sikh, Christian, Buddhist, Parsi, and Jain communities by offering low-interest loans to pursue higher education in India or abroad.
Benefits
- Loan Amount for Studies in India: Up to ₹20,00,000/-.
- Loan Amount for Studies Abroad: Up to ₹30,00,000/-.
- Low-Interest Rate: 3% per annum.
- Course Coverage: Loans can be availed for:
- General education courses
- Professional courses (Medical, Engineering, Law, Management, MCA, etc.)
- Technical courses (AICTE/UGC-recognized courses)
- Flexible Repayment Terms: The loan repayment is structured to ease financial stress on students and families.
Eligibility Criteria
- Permanent Resident of Haryana.
- Age Requirement: The applicant should be between 16 and 32 years old.
- Family Income Limit:
- Rural Areas: Up to ₹98,000/- per year.
- Urban Areas: Up to ₹1,20,000/- per year.
- Belongs to a Minority Community:
- Muslim, Sikh, Christian, Buddhist, Parsi, or Jain.
- Educational Qualifications:
- Must have secured a minimum of 50% marks in the qualifying exam.
- Must have secured admission to a recognized professional/technical course (approved by AICTE, Medical Council of India, UGC, etc.).
- Parivaar Pehchan Patra (PPP ID) is mandatory.
Application Process
Online Application via Antyodaya-SARAL Portal
- Visit the Antyodaya-SARAL Portal:
- New User Registration:
- Click ‘New User’ and enter required details (Name, Email ID, Mobile Number, Password, State).
- Click ‘Submit’ and verify via OTP.
- Login to the Portal:
- Enter Email ID, Password, and Captcha, then click ‘Login’.
- Apply for the Scheme:
- Click ‘Apply for Services’ → ‘View all Available Services’.
- Search for ‘Education Loan Scheme – Credit Line 1 for Minority Community’.
- Click on the scheme and proceed with the application.
- Verify Family Details:
- Enter Parivaar Pehchan Patra (PPP) number.
- Click “Fetch Family Data”.
- Select the applicant’s name and verify OTP.
- Fill the Application Form:
- Complete all mandatory fields.
- Upload required documents.
- Review and Submit the application.
- Application Tracking:
- Track your application status through the Antyodaya-SARAL Portal using Application Reference ID.
Documents Required
- Identity Proof (Aadhaar Card, PAN Card).
- Proof of Age (Birth Certificate, School Certificate).
- Domicile Certificate (Resident Proof of Haryana).
- Caste/Religion/Community Certificate.
- Parivaar Pehchan Patra (PPP ID).
- Passport-Size Photograph.
- Bank Account Details (For Loan Disbursement).
- Fee Structure from the Institution.
- Proof of Admission (Admission Letter from the Institution).
- Previous Qualification Certificates (10th, 12th, or Degree Certificates).
- Income Certificate (To verify annual family income).
- Any other documents as required by the department.
Frequently Asked Questions (FAQs)
Q: Which minority communities are eligible for this scheme?
Eligible communities include Muslims, Sikhs, Christians, Buddhists, Parsis, and Jains.
Q: What is the maximum loan amount for studies in India?
The maximum loan amount for studies in India is ₹20,00,000/-.
Q: What is the maximum loan amount for studies abroad?
The maximum loan amount for studies abroad is ₹30,00,000/-.
Q: What is the interest rate for this education loan?
The interest rate is 3% per annum.
Q: Who is eligible to apply for this loan scheme?
Applicants who are permanent residents of Haryana, belong to a minority community, and have secured admission in a recognized course with at least 50% marks in the qualifying exam.
Q: What is the income limit for applicants?
- Rural areas: Up to ₹98,000/- per annum.
- Urban areas: Up to ₹1,20,000/- per annum.
Q: Is there an age limit for applicants?
Yes, applicants should be between 16 and 32 years old.
Q: Can I apply for the scheme if I don’t have a Parivaar Pehchan Patra (PPP ID)?
No, PPP ID is mandatory for application.
Q: How can I track my application status?
Applicants can track their application through the Antyodaya-SARAL Portal using their Application Reference ID.
Q: Can I avail of the loan for any course?
No, the course must be approved by AICTE, UGC, Medical Council of India, or another recognized regulatory body.
Q: How do I apply for the loan?
Applicants must apply online through the Antyodaya-SARAL Portal.