Press Information Bureau
Government Of India
Ministry of Human Resource Development
(01-August, 2016 16:52 IST )

Education of the Economically Backward Class


There is a Central Sector Scheme which provides for full Interest Subsidy for the period of moratorium on educational loans taken by students from economically weaker sections with annual parental income up to Rs.4.5 lakh, from scheduled banks under the Educational Loan Scheme of the Indian Banks' Association to pursue Technical/Professional Education Studies in India.  The details of the Scheme are available on MHRD website www.mhrd.gov.in.  For the year 2016-17, a sum of Rs.1,950 crore has been allocated for this Scheme.  Canara Bank is the nodal bank for implementing the scheme and also for ensuring proper utilisation and credit to the students loan account. 

 

There is a Central Sector Scheme of Scholarship for College and University Students and a Special Scholarship Scheme for Jammu & Kashmir. The objective of the scheme is to provide financial assistance to meritorious students having annual family income of less than Rs.6 lakh.  The details of the Scheme are available on www.scholarships.gov.in.  For the year 2016-17, a sum of Rs.270 crore has been allocated for this Scheme. 

 

The Ministry of Social Justice and Empowerment has stated that the Dr. Ambedkar Post-Matric Scholarship Scheme of that Ministry, seeks to provide financial assistance to the Economically Backward Class (EBC) students studying at post-matriculation stage having annual family income of Rs.1 lakh.  The details of the scheme are available on www.socialjustice.nic.in.  For the year 2016-17, a sum of Rs.10 crore has been allocated for this Scheme. 

 

The Ministry of Social Justice and Empowerment has further stated that Dr. Ambedkar Scheme of Interest Subsidy on Educational Loans for Overseas Studies of the Ministry awards interest subsidy to meritorious Other Backward Class (OBC) and EBC students so as to provide them better opportunities for higher education abroad.  To be eligible under the Scheme, a student should come under the income ceiling of Rs.3 lakh per annum for OBCs and Rs.1 lakh for EBCs.  50% of the outlay every year is earmarked for girl students.    The   details   of   the scheme are available   on   www.socialjustice.nic.in.   For the year 2016-17, a sum of Rs.2 crore has been allocated for this scheme. 

 

 

 

The All India Council for Technical Education (AICTE) scheme, PRAGATI (Providing Assistance for Girls’ Advancement in Technical Education Initiative) envisages selection of one girl per family where family income is less than 6 lakh per annum, on merit at the qualifying examination to pursue technical education.  The scholarship amount is Rs.30,000 or tuition fees or actual, whichever is less, and Rs. 2,000 per month for ten months as incidentals each year.  The details of the Scheme are available on www.aicte-india.org.  For the year 2016-17, a sum of Rs.20 crore has been allocated for this scheme.  The amount is directly transferred to the bank account of the students under Direct Benefit Transfer (DBT).

 

This information was given by the Minister of State (HRD), Dr. Mahendra Nath Pandey today in a written reply to a Lok Sabha question.

 

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GG/RK/ EDUCATION OF THE EBC

 


(Release ID :148118)



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