Interest-free loan
About this scheme
The Interest-Free Loan Scheme, implemented by the Department of Social Justice and Empowerment through the HP Scheduled Castes/Scheduled Tribes Development Corporation, Himachal Pradesh, provides interest-free loans to SC/ST students with low family income for pursuing professional and technical diploma and degree courses such as JBT, Nursing, Hotel Management, MBA, MBBS, Engineering, LLB, and B.Ed after matriculation.
Benefits
Provides interest-free loans up to ₹75,000/- to Scheduled Castes/Scheduled students.
Who is Eligible
- The applicant should be a student belonging to a Scheduled Caste (SC) or Scheduled Tribe (ST) family.
- The applicant should have a family annual income not exceeding ₹1,00,000/-.
How to Apply
Offline
Step 1: Obtain and fill the prescribed application form and attach all required documents.
Step 2: Submit the completed application to the concerned District Manager or Corporation office for verification.
Step 3: After approval, the application is forwarded to the HP SC/ST Development Corporation for further processing.
Documents Required
- Caste certificate (SC/ST)
- Income certificate
- Age proof (Birth certificate/School certificate)
- Identity proof (Aadhaar Card, Voter ID, or Driving License)
Who Is Not Eligible
Frequently Asked Questions
- What is the Interest-Free Loan Scheme?
It is a scheme that provides interest-free loans to SC/ST students for higher education.
- Who is eligible for this scheme?
SC/ST students whose annual family income does not exceed ₹1,00,000 are eligible.
- What is the main objective of this scheme?
The objective is to support SC/ST students in pursuing professional and technical education after matriculation.
- What is the maximum loan amount provided?
An interest-free loan of up to ₹75,000 is provided under this scheme.
- Which courses are covered under the scheme?
Courses such as JBT, Nursing, Hotel Management, MBA, MBBS, Engineering, LLB, and B.Ed are covered.
- Is the loan applicable only after matriculation?
Yes, the loan is available for courses pursued after matriculation.
- Is any interest charged on the loan amount?
No, the loan is completely interest-free.
- Is there an income limit for availing the loan?
Yes, the annual family income should not exceed ₹1,00,000.
- Who implements this scheme?
The scheme is implemented by the Department of Social Justice and Empowerment through the HP Scheduled Castes/Scheduled Tribes Development Corporation.
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