Many students in our country are deprived of completing their higher education due to weak financial conditions and are unable to make their future, to provide such students the facility of loans up to Rs 10 lakh at a low interest rate to complete their higher education, in the budget 2024 released by the central government, it has been announced to start Education Loan e Voucher Scheme 2024.
Through this scheme, education loans are to be provided to 01 lakh students of the country every year so that the level of education in the country can increase. Today, through this article, we will provide you with complete information about the Education Loan e Voucher Scheme 2024 Apply Online, interest rate, Eligibility, Benefits, Etc. So stay connected with this article till the end and get complete information about the Education Loan e Voucher Scheme 2024.
Education Loan E Voucher Scheme 2024
Our country’s Finance Minister Nirmala Sitharaman Ji announced the launch of the Education Loan E Voucher Scheme 2024 during the budget speech of the Central Government on 23 July 2024, through which the students passing 12th from the economic condition of the country will be provided a loan facility of up to Rs 10 lakh to complete their higher education at a very low interest rate of 03%.
With the start of this scheme, about 01 lakh students in the country will be provided with education loan facilities every year so that they will be able to complete their studies and move forward without facing any financial problems. To get the loan amount provided under this scheme, all the eligible students of the country will have to apply online for their Education Loan E Voucher Scheme 2024, which will be started after the official website is released for this scheme.
Objective Of Scheme
The main objective of the government behind launching the Education Loan E Voucher Scheme, which was recently launched in the country, is to provide loans up to Rs. 10 lacks at a low interest rate of 03% to students from economically weaker sections of the country to complete their higher education so that all students of the country can easily complete their studies without facing any financial problems and can easily repay the loan amount along with interest after getting employment.
Scheme Benefits
The details of the benefits that the students will get from the Education Loan E Voucher Scheme 2024 started for the students of the country are as follows.
- Students from economically unstable families in the country will be able to get a loan of up to Rs 10 lakh to complete their higher education.
- The students will be charged a 03% lower interest rate on the loan amount provided under the scheme, which they will be able to repay easily by getting employment.
- Under the scheme, financial assistance will be provided to 01 lakh students of the country every year.
- Even students with weak economic conditions will be able to complete their studies by becoming self-reliant without facing any money problems.
- The level of education in the country will increase and the literacy rate will increase.
- The standard of social life of the poor students of the country will rise.
Education Loan E Voucher Scheme Interest Rate
Under the Education Loan E Voucher Scheme launched by the Central Government to provide loans up to Rs 10 lakh to the students of the country to complete their higher education, an annual interest rate of 03% will also be charged on the loan amount which is very low and can be easily repaid.
Loan Amount Of Education Loan E Voucher Scheme 2024
Under the Education Loan E Voucher Scheme launched in the country, students from economically weaker sections will be provided loan amounts up to Rs. 10 lakh to complete their higher education. The students will be given sufficient time to repay the loan and they will be able to repay the loan easily after completing their studies and getting employment.
Key Highlights Of Scheme
| Scheme Name | Education Loan E Voucher Scheme |
| Started In Which Country | India |
| Started By | by the central government |
| Beneficiary | Financially unstable students of the country |
| Objective | Providing loans to students to complete their studies |
| Loan Amount | 10 Lakh Rupees |
| Interest Rate | 03% p.a. |
| Application Mode | Online |
| Start Date | 23 July 2024 |
| Official Website | Available Soon |
Eligibility Criteria
Under the Education Loan E Voucher Scheme, some eligibility criteria have been set to provide education loans to the students of the country, the details of which are as follows.
- Students who are permanent residents of the country are eligible to get the benefit of this scheme.
- Students who have passed the 12th class and now want to pursue higher education are eligible.
- Students from financially weaker sections, whose family’s annual income is not more than Rs. 03 lakh, are eligible for this scheme.
- Students whose family members are government employees or income taxpayers will not be considered eligible for this scheme.
- Students who have already received education loans under any scheme are also not eligible to get the benefit of this scheme.
Required Documents To Apply Online
The details of the important documents that the students of the country who want to register for the Education Loan E Voucher Scheme 2024 will need are as follows.
- Aadhaar Card
- PAN Card
- Family Income Certificate
- Educational Documents
- Email ID
- Mobile Number
- Residence Certificate
- Bank Passbook
- Passport Size Photo
- etc.
Process Of Education Loan E Voucher Scheme 2024 Apply Online
Education Loan E Voucher Scheme 2024 Apply Online has not been started yet for all the eligible students in the country, first, the official website will be released for this scheme, after that the details of the process of applying online are as follows.
- Go to the official website released for the scheme.
- Read the guidelines given for this scheme on the home page and click on the option of proceed by answering yes to the option of agree.
- Now click on the link to Apply Online on the next page.
- The application form for this scheme will open on a new page, in which enter all the required details correctly.
- Now upload all the required documents asked and click on the option of submit.
- In this way, you will be able to easily complete the Education Loan E Voucher Scheme 2024 Apply Online.
| Official Website | Available Soon |
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