While presenting the Budget 2024-25, Finance Minister Nirmala Sitharaman announced the launch of the Education Loan e Voucher Scheme to provide loans to the economically unstable students of the country. Through this scheme, students who have completed their 12th-class studies will be provided loans for further studies, so they will not face any financial problems to get higher education. And he will be able to make his future bright by getting a higher education. If you want to get a loan for higher education by applying under the Education Loan e Voucher Scheme, we are going to provide you with complete information related to this scheme. So stay tuned to the article till the end to get more information.
What is Education Loan e Voucher Scheme 2024
Education Loan e Voucher Scheme has been launched by the Central Government to provide a bright future to the students of the country. Through this scheme, the government will provide a loan of Rs 10 lakh at an annual interest rate of 3% to the students who have completed 12th to pursue higher education. Through this, students will be able to make their future bright by getting higher education without any financial problems and will become self-reliant and empowered. About 1 lakh students in India will be benefited from this scheme. Students who want to get financial assistance for higher education can apply under this scheme. They can apply by visiting the official website.
Also Check:- pm internship mca gov in Registration
Education Loan e Voucher Scheme Summary
| Name of scheme | Education Loan e Voucher Scheme |
| Launched by | Finance Minister Nirmala Sitharaman |
| Beneficiaries | Students of India |
| Objective | to provide financial assistance |
| Year | 2024 |
| Mode of apply | Online /offline |
| Official website | Not yet launched |
Education Loan e Voucher Scheme Objective
The main objective of the scheme is to provide financial assistance to students who have completed 12th to pursue higher education. With this, students will be able to continue their studies by getting a loan of Rs 10 lakh at 3% loan rate and will be able to build a better future. This scheme will make students self-reliant and empowered.
Also Check:- PM Vidyalaxmi Scheme
Loan Amount and Interest Rate & Details
| Loan Amount | 10 Lakh Rupees |
| Interest Rate | 3% |
| No. of Students | 1 Lakh Students |
| Launched on | 23 July 2024 |
Education Loan e-Voucher Scheme Benefits & Features
- The scheme has been launched by the Central Government to provide a bright future to the students of the country.
- Through this scheme, the government will provide a loan of Rs 10 lakh at an annual interest rate of 3% to the students who have completed 12th to pursue higher education.
- About 1 lakh students of India will benefit under this scheme.
- This scheme has been started by Finance Minister Nirmala Sitharaman on 23 July 2024.
- Through the scheme, students will be able to make their future bright by getting higher education without any financial problem.
Eligibility Criteria
- The applicant must be a permanent resident of India.
- 10th and 12th pass students will be considered eligible for this scheme.
- The applicant’s bank account should be linked to an Aadhar card.
- The student must be financially unstable to apply for this scheme.
Also Read:- MATES Scheme Apply Online
Necessary Documents
- Passport size photo
- Mobile number
- Aadhar card
- PAN card
- Bank account details
- 10th /12th pass mark sheet
- Domicile certificate
Steps to Apply Online for Education Loan e Voucher Scheme 2024
1st Step
- First of all, go to the official website of the scheme.
- The website home page will open on the screen.
2nd Step
- On the homepage, you have to click on the “apply here” option.
- The application form will open on the screen.
3rd Step
- The information asked in the form, like your name, address, age, date of birth, etc., must be entered.
- Upload necessary documents.
4th Step
- Finally, click on the submit button to complete the application process.
FAQs
The scheme has been launched by Finance Minister Nirmala Sitharaman on 23 July 2024.
Loan up to Rs 10 lakh will be provided to the student at the rate of 3% to pursue higher education.
The main objective of this scheme is to provide loans to financially unstable students so that they can continue their education.
Important Links
| Official Website | Click Here |
| For More Updates, Visit Our Homepage | Click Here |