Himachl prasedh Mukhyamantri Gyandeep Yojana launches for providing education loans to needy students. The good part about the scheme is that the loan amount will be offered at reduced loan rates. Under the CM Gyandeep Eduction Loan scheme, students who have passed class 12 examination can apply for higher education loan. Education loans upto 10 lakh will be given at reduced rate of 4%.
Eligible students can get the application form and other details regarding the scheme, from authorized banks of Himachal Pradesh. The same can be obtained from Directorate of higher education office. To avail the loan, it is mandatory to study from a recognized institution located anywhere in the country. After one year of completion of the course, the repayment of loan will start. For loan recovery, UCO Bank has been made the nodal bank.
The applications can be made from the month of September. The state government invites applications for the Gyandeep education loan scheme twice a year. One in the month of April, and another in the month of September. Students from Economically Weaker section of the society, who face financially crises for getting higher education are eligible for the scheme.
CM has announced the Gyandeep Yojana in the budget of 2017 and now it is being implemented in the state.
Get more detail here: http://www.amarujala.com/shimla/mukhya-mantri-gyandeep-yojana-loan-scheme-in-himachal-pradesh