Delhi Govt Education Loan Guarantee Scheme 2024 Apply Online at edistrict.delhi.gov.in | Higher Education & Skill Development Guarantee Scheme (HESDGS)

Higher Education & Skill Development Guarantee Scheme (HESDGS) for Pursuing Higher Education in Delhi: The state govt. invites Education Loan Guarantee Scheme 2024 online application / registration form at edistrict.delhi.gov.in. Higher Education and Skill Development Guarantee Scheme or Delhi Govt Education Loan Guarantee Scheme aims to provide financial support from the banking system to meritorious students for pursuing higher education in Delhi and pursuing recognized degree or diploma level courses or skill development courses from Central /State Govt. Universities /Institutions located outside Delhi within India.

The main emphasis of Delhi Govt Education Loan Guarantee Scheme is that a meritorious student is provided with an opportunity to pursue higher education with the financial support from the banking system with reasonable and affordable terms and conditions. In this article, we will tell you about the complete details of the Delhi Government Education Loan Guarantee Scheme.

Higher Education & Skill Development Guarantee Scheme Delhi

Now we are telling you about the complete details of the Higher Education & Skill Development Scheme in Delhi:-

Eligibility Criteria for Applying Delhi Govt Education Loan Guarantee Scheme

Students who wish to pursue diploma or degree level courses or specified skill development courses in Delhi and have done their class X and class XII from Delhi. For courses for which the qualifying examination is class X, students who have done class X from Delhi will be eligible under the scheme.

Students should be in Govt. Institutions or private self financed Institutions located in Delhi having A or B grading of NAAC and NBA or SFRC grading of A+ or A. and whose fee is regulated by the government.

Meritorious students for pursuing higher education in Delhi and pursuing recognized degree or diploma level courses or skill development courses from Central / State Govt. Universities / Institutions located outside Delhi, within India.

Universities / Institutions / Colleges Covered

“Govt. Institutions or private self financed Institutions located in Delhi having A or B grading of NAAC and NBA or SFRC grading of A+ or A. and whose fee is regulated by the Govt.” Only those Universities/Institutions which are located in Delhi and their fee is regulated by the Govt. are covered under Delhi Govt Education Loan Guarantee Scheme. The guarantee will be available for loans for courses of Government Institutions. It will also be available for private self financed Institutions located in Delhi having A or B grading of NAAC and NBA or SFRC grading of A+ or A.

How to Find Names of Universities/Institutions/Colleges Covered under HESDGS

The list of approved Universities/Institutions/Colleges of Delhi is available at web-site of Student Loan. The direct link to access the official student loan website is http://web.delhi.gov.in/wps/wcm/connect/doit_he/Higher+Education/Home/Schemes+under+Higher+Education%2C+GNCT+of+Delhi/HIGHER+EDUCATION+AND+SKILL+DEVELOPMENT+GUARANTEE+SCHEME+FOR+PURSUING+HIGHER+EDUCATION+IN+DELHI

At this page, click at the “Colleges /Institutions Covered Under Higher Education and Skill Development Guarantee Scheme (HESDGS ) in Delhi” link to open page for finding names of Universities/Institutions/Colleges Covered under HESDGS.

List of Documents for Delhi Govt Education Loan Guarantee Scheme

• Aadhaar Card (Student)
• Pan Card (Student)
• 10th certificate (Passed from Delhi), For courses for which the qualifying examination is class X.
• 12th Certificate (Passed from Delhi), For courses for which the qualifying examination is class XII.
• Employer’s Certificate (Students who are children of employees of Govt. of NCT of Delhi or Officials/government servants who are posted with the Govt. of NCT of Delhi are also eligible under this scheme)
• Declaration (With Photo & Signature with Date)
• Photograph.
• Certificate* Only Central /State Govt. Universities /Institutions located outside Delhi, within India are covered under this scheme.

Important Note – PAN No: is not mandatory at the time of application/sanction of education loan however, students shall have to furnish details of PAN before release of second installment. Certificate: is mandatory at the time of application/sanction of education loan only for the meritorious students for pursuing recognized degree or diploma level courses or skill development courses from central / state govt. universities / institutions located outside Delhi within India.

How to Apply for Delhi Govt Education Loan Guarantee Scheme

STEP 1: Firstly visit the official website of Higher Education and Skill Development Guarantee Scheme.

STEP 2: At the homepage, student may find the HESDGS scheme details and related information for student loan scheme of Delhi Govt. at web-site link online and press “Apply Now” of e-District Portal Delhi or If the student is eligible/aware of the scheme and want to Apply Online then go to the web link at https://edistrict.delhigovt.nic.in/

STEP 3: At this page, go to the “Citizen’s Corner – Registration at e-district Delhi” section. Next click at the “New User” link or directly click https://edistrict.delhigovt.nic.in/in/en/Account/Register.html

STEP 4: Then the page to make Delhi Govt Education Loan Guarantee Scheme online registration will appear as shown below:-

STEP 5: Then registered users can login using the link – https://edistrict.delhigovt.nic.in/in/en/Account/Login.html

STEP 6: Accordingly, the page to make Delhi Govt Education Loan Guarantee Scheme Login will appear as shown below:-

STEP 7: Enter the User ID and Password and then click at “Log In” button to make login.

STEP 8: On making login, a new window will open where you can scroll over “Apply Online” section and click at “Apply for Services” link. Click at the “Apply” link in front of the “Modified Higher Education and Skill Development Guarantee Scheme” under ‘Higher Education‘ section as shown below:-

STEP 9: Basic / Personal details form will open, click at “Continue” button and then Delhi Govt Education Loan Guarantee Scheme Application Form will appear as shown below:-

STEP 10: Fill in the details in the Higher Education & Skill Development Guarantee Scheme 2024 to fillup the application form to apply for education loan.

Check Public Services List at E-District Delhi Govt Portal at https://edistrict.delhigovt.nic.in/in/en/Public/Services.html

Where to Submit Application form for HESDGS Education Loan Scheme

Student has to register himself / herself at the link – https://delhi.gov.in/. Only online applications will be accepted and hard copy of the application filled online along with uploaded documents is required to be submitted to the concerned Bank/Branch.

Name of Approved Member Banks for HESDGS

The list of approved member banks of Delhi is available at website of Student Loan at official website. Here is the direct link for Approved Member Banks for Higher Education and Skill Development Guarantee Scheme.

Rate of Interest Applied on Education Loan under HESDGS

Rate of Interest: Base Rate (BR) of Selected Bank Plus (+) 2%. It is important to note that Base Rate may vary from Bank to Banks.

Guarantee / Margin Money Required to be Furnished to Bank

Not Required, No Collateral or Margin money is required to be paid by the students under this Higher Education & Skill Development Guarantee Scheme.

Education Loan Amount under HESDGS Scheme

The maximum amount of education loan guaranteed under this scheme is up to Rs. 10 Lakhs only.

What will the Period of Loan for Delhi Govt Education Loan Guarantee Scheme

Moratorium period of Loan is Course duration plus one year and Repayment period of Loan Amount is up to 15 Years only.

Processing Fees

No

Whom to Contact in case of Refusal of Education Loan by Bank

The student may contact to the Controlling bank of the member bank and the list of Controlling Banks of Delhi is available at official website of Student Loan or may contact to

Nodal Bank : Vijaya Bank
Landline No : 011-23711093, 23711098
Email id : [email protected]

Directorate of Higher Education, B-Wing, 2nd Floor, 5, Sham Nath Marg, Delhi-110054.
Contact No : 011-23980220
E-mail : [email protected]

Delhi Govt Education Loan Guarantee Scheme (HESDGS) Background

Government of NCT of Delhi, as a part of its 70 Action Points, has envisaged a Higher Education and Skill Development Guarantee Scheme for students who wish to pursue diploma or degree level courses or specified skill development courses in Delhi and have done their class X and class XII from Delhi. For courses for which the qualifying examination is class X, students who have done class X from Delhi will be eligible under the scheme.

Under the Delhi Govt Education Loan Guarantee Scheme, bank loans upto Rs. 10 lakhs taken by the students will be provided guarantee through a Higher Education and Skill Development Credit Guarantee Fund created by the Government for providing guarantee to the banks in case of default. Students will not be required to furnish any collateral or margin money and the scheme will be universal in nature regardless of the student’s background.

Frequently Asked Questions (FAQ’s)

Ques – Whether all Universities/Institutions/Colleges are covered under this scheme located OUTSIDE Delhi?

Ans – The answer is Only Central /State Govt. Universities /Institutions located outside Delhi, within India are covered under this scheme.

Ques – Is a student resident of Delhi, who pursuing higher education from Central /State Govt. Universities /Institutions located outside Delhi within India, Eligible or Not Eligible under this scheme?

Ans – Eligible, Only those meritorious students are eligible who pursuing higher education in recognized degree or diploma level courses or skill development courses from Central /State Govt. Universities /Institutions located outside Delhi, within India. Student who applying in this scheme have to fill the details of Universities /Institutions located outside Delhi, within India and also have to upload the following certificate. *Certificate from Govt. Institute/College/University is required to be furnish while applying and upload documents (format is available to download)

Ques – Is a student resident of Delhi, who passed either class 10th or 12th from outside Delhi, Eligible or Not Eligible under this scheme

Ans – Not Eligible, Only those students who have done their class X and class XII from Delhi is eligible under Education Loan Guarantee Scheme.

Read More Frequently Asked Questions at https://edistrict.delhigovt.nic.in/eDownload/FaqForm/Faq_3005.pdf

For Higher Education and Skill Development Guarantee Scheme Details, click the link http://it.delhigovt.nic.in/writereaddata/Sch20155721.pdf or you can check Final Amended Approved Scheme.