Information Of Education Loan e Voucher Scheme 2024
Table of Contents
Introduction
The Government of India has launched the Education Loan e-Voucher Scheme 2024 with the aim of making higher education more accessible. With the help of this scheme, the students who have completed their class 12th examination can now pursue higher education without worrying about financial troubles. Under this scheme, eligible students will be given education loans up to Rs 10 lakh to pursue higher education in domestic institutions. Additionally, interest subvention of 3% per annum will also be provided on the loan. The scheme aims to benefit one lakh students annually across the country.
What is the Education Loan e Voucher Scheme 2024?
Education Loan E-Voucher Scheme 2024 is a flagship scheme of the Government of India which aims to provide loan facility to students pursuing higher education. With the help of a government-backed fund, loans up to Rs 7.5 lakh would be available under the Education Loan e Voucher initiative 2024. The main and the most important Goal of the Education Loan e Voucher scheme is to provide financial assistance to the students in India so they can continue their education.
Education Loan e Voucher Scheme 2024 benefits
Financial Aid:
Provides students and families with the financial assistance they need to pursue higher education, thereby lowering the cost of education.
Low interest rates:
This scheme offers lower interest rates than traditional education loans, making loan repayment more affordable.
Application:
The application process for the scheme is simple and available online, making it easy for students to apply.
Covering essential expenses:
Covers tuition fees, accommodation, books, and other educational expenses, ensuring all the needs of students are met.
Accessibility of education:
Through this scheme, high quality education becomes accessible to more students, especially to the economically weaker sections.
Beneficial to the community:
The scheme benefits the entire community as it creates a more empowered and educated society.
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Education Loan e Voucher Scheme 2024 apply overview
| Name of the scheme | Education Loan e Voucher Scheme |
| Introduced by | Government of India |
| Objective | Provide financial assistance |
| Beneficiaries | Students of India |
| Loan Amount | Rs 10 lakh |
| Interest rate | 3% |
| Official website | Available Shortly |
Eligibility Criteria Of Education Loan e Voucher Scheme 2024
here are some following point to eligible of education loan e voucher scheme
Age Limit:
The age of the applicant should generally be between 18 to 35 years.
Educational Qualification:
The applicant must have obtained admission for higher education in a recognized institute.
Course Type:
The scheme is applicable only for undergraduate, postgraduate and professional courses.
Economic Status:
Preference is especially given to students from Economically Weaker Sections (EWS).
Citizenship:
The applicant must be able to a citizen of India.
Recognition of the course:
The course for which the loan is required must be recognized by the relevant government body.
Required Documents to apply
Aadhar Card
Email ID
Mobile Number
Electricity bill
Address Proof
PAN Card
Education Loan e Voucher Scheme Application Process
Registration:
First of all, applicants have to register on the official website or visit the respective banks and register.
Visiting the Homepage:
After reaching the homepage of the official website, applicants have to click on the “Apply Here” option.
Filling the Application Form:
When a new page opens, applicants have to fill all the required details and upload all the required documents on the application form.
Uploading of Documents:
Required documents like identity card, income certificate, and admission certificate have to be uploaded at the appropriate place in the application form.
Review of Information:
After filling all the details, applicants should review the information so that there are no errors.
Checking of Application Form:
After filling the application form and uploading the documents, applicants should check the application form correctly.
Click on Submit button:
After reviewing, the applicant has to click on “Submit” button to complete the application process.
Waiting for Approval:
Waiting for Approval: After submitting the application form, the applicant has to wait for the approval of the application, which will be sent via email or SMS.
FAQs
What is the main objective of launching the Education Loan e Voucher Scheme 2024?
The main objective of launching the Education Loan E Voucher Scheme 2024 is that it can ensure the availability and accessibility of education to all the students by providing financial assistance for higher education. Through this scheme, every student has the opportunity to receive quality education and can fulfill their academic and professional ambitions.
When was the Education Loan e Voucher Scheme 2024 introduced?
The Education Loan e Voucher Scheme 2024 was introduced by the finance minister of India during the representation .
What is the interest rate to be given under the scheme 2024?
The interest rates on loans provided Education Loan E Voucher Scheme 2024 only 3% will be given under the scheme.