The Delhi government has launched “Education Loan Guarantee Scheme” for those students who are studying outside the national Capital in any part of the country. This scheme will encourage the students to enroll in any colleges and universities outside the Delhi.
Under the education loan guarantee scheme, the state government has made an arrangement to provide the loan facilities of up to 10 lakh for Delhi students who are studying in any part of country.
The Delhi government will provide amount of up to 10 lakh education loan for Delhi students who wants to pursue college education in any part of the country under the Higher Education and Skill Development Guarantee Scheme
Education Loan Guarantee Scheme
Recently, the Delhi government has given approval to enroll over 55,000 students who have failed in Class 10th exams twice or more times. These students will be enrolled in National Institute of Open Schooling (NIOS).
Under NIOS, the failed student will get all opportunity to pass the exam and study further. Additionally, the government is also planning to established more centers for girls who are travelling too far from their homes.
Earlier, under the education loan guarantee scheme was only for Delhi students who are studying within the state but now this scheme has extend to Delhi student who wants study outside the national capital.
According to the official notification, earlier those students were failed in 10th exam held by Central board secondary exam (CBSE). They got another chance to clear the exam under Patrachar Vidyalaya scheme but this scheme was partially successful due to poor implementation.
Therefore, the Delhi government has made a decision to enroll the failed students in NIOS. This center will improve the condition of student and provide equal opportunity to set up their carrier.
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Delhi Loan Guarantee Scheme / Scholarship Online Registration (Update)
The state government of Delhi has launched a web portal for the loan guarantee scheme and scholarship for the meritorious students of Delhi. The student who is undergoing any undergraduate courses in state university colleges of Delhi would be eligible to apply the scheme. The interested candidate can make their registration by going to studentloan.delhi.gov.in
However, Delhi govt. has launched Merit cum Means scholarship scheme earlier in the state with an aim of providing the scholarship to the students from poor families. This is a fee waiver scheme that provides a scholarship for the students who are interested in pursuing higher studies.
Under the scheme, a student will get financial help to the poor students and help them achieve their life goals. The student can apply for the Merit-cum-Means Income Linked Financial Assistance Scheme for the academic year 2017 – 18 till 18-12-2017.Below given the registration process for the scheme at studentloan.delhi.gov.in
Loan Guarantee Scheme and Scholarship Online Registration
Below given the steps to make their registration for the scholarship scheme:-
- The interested student has to visit at studentloan.delhi.gov.in
- On the homepage, student has to click the “Apply for Student Loan under Higher Education in Delhi” or directly click this link
- Next page will open, here click the “Service” tab in the column.
- After clicking, various scheme forms will get displayed on the screen at e-District Delhi
- Here go to Merit-cum-Means Income Linked Financial Assistance Scheme for making registration or directly click this link
- Below given the snapshot that would help to identify the scheme.
- Now click the “Merit-cum-Means Income Linked Financial Assistance Scheme of Delhi Higher Education Aid Trust” and “Modified Higher Education and Skill Development Guarantee Scheme” to make the registration
- If the candidate is an existing user, make login using “User Id” and “Password” to apply for the scheme. However, fresh candidates can now make registration by entering their details including Aadhar card number or Voter id card number.
Moreover, Delhi govt. has earlier launched Education Loan Guarantee Scheme to Delhi Students for the students who are interested to study outside the state in any part of the country. Under this scheme, students are encouraged to enroll in any colleges and universities outside the Delhi.
Loan Guarantee Scheme Scholarship
Delhi Students Credit Facility Scheme – Loans for Higher Education & Skill Development (Update on 1 November 2019)
CM Arvind Kejriwal said that in the FY 2019-20, Delhi govt. will cover students under Higher Education and Skill Development Guarantee Scheme. All those students who aspires to enroll in prestigious professional courses and are not able to do so due to financial crisis would be benefited.
CM Kejriwal as well as deputy CM Manish Sisodia had met a high level delegation of 13 participating banks to review the progress of the scheme. The state govt. of Delhi wants to ensure inclusive and sustainable governance by providing loans for higher education.
All the students who are interested to avail the credit facility for studies would not be denied of it at any cost.
Delhi Students Credit Facility (Education Loan) Scheme
Students can now avail a collateral free loan of upto Rs. 10 lakh for higher education. Delhi govt. will act as guarantor to furnish the loan amount in case the applicant defaults. Delhi students who avail the credit facility gets 15 years to pay back the loan. The state govt. has created a corpus of Rs. 30 crore which is known as Higher Education and Skill Development Credit Guarantee Fund to provide appropriate guarantee. In FY 2019-20, govt. aims to cover Delhi students through this first-of-its-kind credit facility for deserving students.
After coming to power, the state govt. believes that education loan scheme for students is a necessity in the national capital. So, the Delhi govt. has started Higher Education and Skill Development Guarantee Scheme. In this scheme, students who wants to get admission in prestigious colleges or universities can take the benefits of credit facility or education loans.
There were many talented students in Delhi who were unable to pursue higher education courses due to financial crunch. As per a report, around 67% dwellers in Delhi consumes less than 200 units of power per month. So, it is evident that a significant population of Delhi is poor and requires government assistance. Delhi govt. education loan scheme for higher studies is aimed at masses who aspires and qualify to enroll in prestigious professional courses.
Delhi Student Credit Facility Scheme will ensure that eligible candidates get loans from the banks to pursue higher education and skill development programmes. The state govt. has instructed participating banks to cascade the details of the loan scheme to every single branch and employee for enhanced support and disbursal. Moreover, all the prominent displays would be put at each branch premises in Delhi in order to raise awareness about the facility.
More than 4,25,000 students from total 5 lakh students studying in Delhi colleges are residents of the national capital. Banks would provide full coverage to substantial student base to provide them assistance in all forms to pursue higher education.
Delhi Govt. Education Loan Scheme Extended to Students Who Want to Study Outside Delhi (Update As on 27 May 2017)
Delhi Government has extended its higher education loan scheme to students who wish to study outside the capital city. The Delhi government’s “Higher Education and Skill Development Guarantee Scheme” provides education loan through banking system to students to pursue higher education. Till now the students who wanted to pursue higher education within Delhi were eligible for the scheme.
The announcement of the extension of the scheme came during an event at Talkatora Stadium where 372 students from Delhi Govt. schools who have cleared IIT-JEE (Mains) were present. The Higher Education and Skill Development Guarantee Scheme is for those who have completed their 10th and 12th from Delhi and wish to pursue diploma or degree level courses or specified skill development courses.
The main objective of the scheme is to provide financial support to meritorious students who wish to pursue higher education. following are the courses covered under the education loan scheme of Delhi Government.
- Approved courses leading to graduate/ post graduate degree and PG diplomas conducted by recognized colleges/ universities recognized by UGC/Government/ AICTE/ AIBMS/ ICMR etc.
- Courses like ICWA, CA, CFA etc
- Courses conducted by IIT, NIFT, NLU, IIFT etc
- Regular Degree/Diploma courses like aeronautical, pilot training, shipping, including those run by Polytechnics etc., degree/diploma in nursing, physiotherapy or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be.
- Skill Development Courses as may be specified by Govt. of NCT of Delhi.
The loan provided under the Higher Education and Skill Development Guarantee Scheme would cover expenses like fee payable to college and hostel, examination fee, library & laboratory fee, caution or refundable deposit made to the institution, purchase of books, study equipment or computer at reasonable cost and any other expenses related to the study.
Apply Online for Education Loan Scheme in Delhi
Interested eligible students who wish to take admission for higher studies and require financial support can apply for the Delhi Government’s Higher Education and Skill Development Guarantee scheme online at official website of Delhi Govt. at studentloan.delhi.gov.in.
For more details about the scheme, please visit this link http://it.delhigovt.nic.in/writereaddata/Sch20155721.pdf