Government schemes providing funds for poor students
Higher Education

Government schemes providing funds for poor students

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The Government’s commitment to ensure equity to access higher education for the economically weaker sections of the society.

The Government has said it is sensitive towards the students’ needs who belong to the economically weaker sections of the society and it is committed to ensure equity in access to higher education
 
In a written reply to the Minister of State for Human Resource Development Dr. Mahendra Nath Pandey on Monday in a written reply to a Lok Sabha question said: “Under the Central Sector Scheme of Scholarship scheme for College and University Students, financial assistance is provided to meritorious students having family income of less than Rs. 6 lakh per annum to meet a part of their day-to-day expenses while pursuing higher studies”. 
 
Students who are above 80th percentile of successful candidates in the relevant streams from a particular Board of Examination in class XII of 10+2 pattern or equivalent and pursuing regular course and not availing of any other scholarship are eligible for consideration under this scheme. 
 
It was informed that further, under the Central Sector Scheme of Interest Subsidy on Education Loan interest subsidy is provided to all students belonging to Economically Weaker Section (EWS), with an annual parental income up to Rs.4.5 lakhs. 
 
The Scheme provides for full interest subsidy during the period of moratorium (i.e. duration of recognised professional course plus 1 year) on educational loans availed of by all students belonging to EWS from Scheduled Banks, including Co-operative & Regional Rural banks, as per the Model Educational Loan Scheme of Indian Banks’ Association. 
 
The minister also informed that the National Mission on Education through Information and Communication Technology (ICT) has been launched with the objective of making best use of ICT with the purpose of identification and nurturing of talent and life-long learning as well as extending the education facility to a larger section of people. 

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