Students of the remaining districts will get loans at 1 percent interest rate
Students from weaker economic background will get better opportunities for technical and vocational education
Chief Minister Higher Education Loan Interest Subsidy Scheme: Students from families with annual income less than 2 lakhs will be eligible.
35 technical and other professional courses at diploma, graduate and postgraduate level included
Maximum limit of education loan for interest subsidy is Rs. 4 lakh
Instructions to collectors to run campaigns to provide benefits of the scheme to maximum number of students
Raipur, August 30, 2024
Interest free loans will be given to children of families with weak economic status in the Maoist terror affected districts of Chhattisgarh to provide them better opportunities for technical and professional higher education. Chief Minister Shri Vishnu Dev Sai has given instructions to benefit maximum number of students in these districts under the ‘Mukhyamantri Uchchaar Shiksha Loan Interest Subsidy Scheme’. He has asked to run a special campaign for this.
Chief Minister Shri Sai has also given instructions to the collectors of other districts of the state to provide the benefit of loan facility being given at one percent interest rate for technical and professional higher education to children of families with weak economic status.
Deputy Chief Minister Shri Vijay Sharma informed that the Technical Education Department has been made the nodal department for the operation of the Chief Minister Uchchaar Shiksha Loan Interest Subsidy Scheme. Under this scheme, 35 technical and other professional courses of diploma, graduation and post graduation level have been included. The maximum limit of education loan for interest subsidy in the scheme is Rs. 4 lakh.
Under the Mukhyamantri Uchchaar Shiksha Loan Interest Subsidy Scheme, students enrolled in technical education and other vocational education courses, whose families’ annual income is less than 2 lakhs, will be charged interest at the rate of only one percent in case of regular payment of loan installments after the moratorium period. The remaining interest amount will be paid by the state government directly to the concerned bank. Students of
the Maoist terror-affected districts of the state, Bastar, Bijapur, South Bastar Dantewada, Jashpur, North Bastar Kanker, Korea, Narayanpur, Rajnandgaon, Surguja, Dhamtari, Mahasamund, Gariaband, Balod, Sukma, Kondagaon and Balrampur districts will get interest-free loan.
To avail the benefits of this scheme, the student should be a native of Chhattisgarh as per the prescribed conditions. Admission should be done in a course established in the state of Chhattisgarh and recognized by the competent authority (such as AICTE, UGC). The maximum family income should be Rs 2 lakh, which should be certified by an income certificate issued by the competent authority.
The maximum limit of education loan for interest subsidy under the scheme is Rs 4 lakh. Regular payment of loan installments is mandatory to avail the benefit of interest subsidy. Drop out and expelled students will not remain beneficiaries of this scheme, but eligibility will remain in case of interruption in studies for a maximum limit of one year due to medical reasons.
Benefits will be available in these courses
Under the scheme, the benefit of the scheme can be availed for studying in the courses of BE/BTech, ME, MTech, D Arch, Agriculture Engineering, MCA, MBA, DE, BPEd, MPEd, PGDCA, BHMS, BAMS, BNYS, BNS, BUMS, VFSC, BTech Dairy, B.Agri, BDS, MDS, MBBS, BVSc, BSc Nursing Basic and Post Basic, B. Pharma, M Pharma, D Pharma, Diploma in Modern Office Management, Diploma in Interior Decoration and Design, Diploma in Costume Design and Dress Making, B.Ed, D.Ed, M.Ed. For more information, contact telephone number 0771-2331331 and websitecgdteraipur.cgstate.gov.inObservations can be made on .
