Mukhya Mantri Gyandeep Yojana (Himachal Pradesh)

What you get

The Himachal Pradesh Higher Education Department pays 4% a year of the interest on education loans of up to Rs 10 lakh, taken from any bank for professional, technical or higher education courses at recognised institutions in India, during the course and a moratorium of up to one year. UCO Bank is the nodal bank.

Who can apply

Bonafide Himachali students who take an education loan from a bank for a professional, technical or higher education course at a recognised institution, and who get no other interest subsidy on the loan from the state or central government.

Living in Himachal Pradesh

How to apply

Apply at your bank: collect the scheme form there, fill it in, attach the documents and submit it. The bank claims the subsidy every six months, in October and April, with your declaration.

Source: myScheme (myscheme.gov.in), Government of India

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