The latest “Educational Loan E Voucher Scheme” announced by the Government of India. This scheme is aimed at helping students who struggle to afford higher education due to financial constraints. With a low-interest rate of just 3% annually, this initiative is expected to benefit around 1 lakh students across the country. We’ll cover the key benefits, eligibility criteria, and what steps students need to take next to avail of this opportunity.
Educational Loan E Voucher Scheme: Key Benefits
The government has introduced the “Educational Loan E Voucher Scheme” to support students pursuing higher education. The scheme offers a loan of up to Rs. 10 lakh at a very low-interest rate of just 3% per annum. This is much lower compared to what private lenders offer. The aim is to make education more accessible and affordable for students who need financial assistance.
Eligibility Criteria
To qualify for this scheme, students must meet the following criteria:
- Indian Nationality: Only Indian students are eligible.
- Completed 12th Exam: The student must have passed the 12th grade and be seeking higher education.
- Financial Need: The scheme is intended for students who cannot afford education costs. Proof of financial need will be required.
How to Apply
The “Educational Loan E Voucher Scheme” was announced on July 23, 2024. The government will soon launch an official website where eligible students can apply. Keep an eye out for the announcement and gather the necessary documents to prove your eligibility.
