[Apply] Haryana Govt. Education Loan Scheme 2026 Online Application / Registration Form at atmanirbhar.haryana.gov.in | Credit Guarantee for Students

Haryana Education Loan Scheme 2026 is accepting applications for the 2026-27 academic year. Students of Haryana can apply online at atmanirbhar.haryana.gov.in, and the state government provides credit guarantee against education loans under the scheme, so banks do not ask students for collateral security or a guarantor.

Former Chief Minister Manohar Lal Khattar announced this scheme on 4 March 2020 while replying to the state budget 2020-21 discussion in Haryana Assembly. The government set up a credit guarantee fund so that students taking up medical, engineering and other professional courses do not miss higher studies because they cannot give collateral to banks.

Haryana Education Loan Scheme 2026

The main aim of the scheme is to help students who have passed 12th class from institutions recognised by the Government of Haryana and want to pursue higher education but cannot arrange collateral security. Such students get an opportunity to continue studies under this scheme through a Higher Education Credit Guarantee Fund.

Banks and member lending institutions get the state guarantee when they sanction education loans to eligible students. The guarantee is available for loans under many categories, and the institutions can claim the benefit by paying a nominal fee in case of default or NPA.

Online Application / Registration Form 2026

Any student who has passed 12th class and has taken admission in a higher education institution can apply online through the Atmanirbhar Haryana portal (atmanirbhar.haryana.gov.in) or mobile app, or through Saral Kendras on a common application made by the State Level Bankers Committee (SLBC). Steps to fill the Haryana Education Loan Scheme online application form are given below.

STEP 1 - Visit the official Atmanirbhar Haryana portal at atmanirbhar.haryana.gov.in. Details of the education loan and other banking services available on this portal can be checked on the Haryana IT department page on Atmanirbhar Portal.

STEP 2 - On the homepage, click the "बैंक ऋण के लिए आवेदन" (application for bank loan) tab as shown below.

STEP 3 - After clicking this tab, the Haryana Education Loan Scheme online application form will appear as shown below.

STEP 4 - Select loan type, bank, district or UT and branch, and click the "Proceed" button to fill the Haryana Education Loan Scheme online registration / application form.

Eligibility Criteria

A student who has passed 12th class, is a resident of Haryana with an I-card or Parivar Pehchan Patra (PPP), and whose family income from all sources does not exceed six lakh rupees per year is eligible for courses other than MBBS. For MBBS there is no income limit. Anyone who has qualified NEET and secured a seat through open counselling can get the loan under the scheme.

Detail	Information
Scheme Name	Haryana Education Loan Scheme 2026
Launched By	Haryana government (announced by former Chief Minister Manohar Lal Khattar)
Beneficiaries	Haryana students who have passed 12th class
Benefit	Credit guarantee on education loans, no collateral required
Application Mode	Online (Atmanirbhar Haryana portal), mobile app, Saral Kendras
Official Website	atmanirbhar.haryana.gov.in

Salient Features of Higher Education Credit Guarantee Fund

The scheme creates a corpus called the Higher Education Credit Guarantee Fund with the following main features.

A) Member lending institutions or banks pay an annual guarantee fee of 0.3% of the total outstanding loan amount for their borrowers. This fee is payable every year and is non-refundable, and the amount can be recovered from the students.

B) Interest charged by member lending institutions for education loans cannot be more than 2% above the repo rate declared by the RBI. This may be revised by the competent authority later.

C) The fund is used in case of default in repayment up to 100% of the principal amount with interest for government medical colleges of Haryana, 90% of the principal amount with interest for admission to an institution with at least 'A' grade in NAAC ranking, 75% for 'B' and 'C' grade institutions, and 50% for 'D' category institutions. The balance amount is recovered from the borrower by the bank or member lending institution.

D) The government gives guarantee for education loans provided by member lending institutions to meet tuition fees, hostel charges, bond amount, examination, library and laboratory fees, and deposits of any kind to the educational institution. For medical institutions, the maximum amount that can be financed is ₹50 lakh (for government medical colleges of Haryana only) and ₹10 lakh for other courses in government and private institutions.

E) Accrued interest during the moratorium and course period is added to the principal, and repayment is fixed in equated monthly installments (EMI) with a repayment period of at least 15 years after the repayment starts. The student can repay at any time without prepayment penalty.

F) These provisions apply to member lending institutions. The government will pay the subsequent loan on account of bond amount of the student once the student joins government service after completing the course and gets selected through the due procedure.

G) The guarantee is available for loans to students who are residents of Haryana, provided by member lending institutions, for courses other than MBBS in institutions located anywhere within India.

Guarantee Amount

Guarantee cover under the scheme depends on the type of institution where the student takes admission.

• 100% of the principal amount with interest is guaranteed for students who take admission in MBBS in government medical colleges.
• 90% of the principal amount with interest is guaranteed for admission to an institution with at least 'A' grade in NAAC accreditation or higher.
• 75% of the principal amount with interest is guaranteed for admission to an institution with B++, B+, B and C grading in NAAC accreditation.
• 50% of the loan is guaranteed for admission to an institution with D grading in NAAC accreditation.
• Margin money is 2% of the approved loan for medical courses and 10% of the approved loan for other courses.

Additional Criteria

Students need to keep two conditions in mind to stay covered under the scheme.

• Benefit is not available if the student discontinues studies before completing the course.
• Benefit is not given if the student fails to complete the course within the scheduled period. If this happens due to reasons beyond the control of the student, as decided by the Medical Education and Research Department or Higher Education Department, the loan continues to be funded by the state government where the student completes the course in reasonable time.

Implementation of the Scheme

The scheme works through banks that sign an agreement with the state finance department.

• Banks that agree to provide loans under the scheme sign a memorandum of understanding with the Department of Finance, Government of Haryana. Cases received by banks are processed within the scheduled timeline, and details of sanctioned loans and courses are shared with IPCC on a quarterly basis through SLBC.
• Proper loan documentation is the responsibility of the respective banks as per their existing procedure.
• Banks apply to the Department of Medical Education and Research in case of default by any student, within the prescribed timeline and after exhausting all means available for claim of default.

Non-payment of Installment

If a beneficiary does not repay three consecutive equated monthly installments after they become due and the loan becomes NPA, the guarantee can be invoked by the bank or lending institution through the Credit Guarantee Fund by applying to the Department of Institutional Finance and Credit Control (IFCC) with detailed justification.

Announcement of Haryana Education Loan Scheme

Former Chief Minister Manohar Lal Khattar announced this education loan scheme for students of medical, engineering and professional courses on the concluding day of the budget session of Haryana Vidhan Sabha. The state government set up a credit guarantee fund so that there is no requirement of collateral guarantee to be given to banks. All students have to refund the education loan amount to banks after completing study and the moratorium period.

Education Loan Scheme for Backward Classes in Haryana

Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam also provides education loans to students of backward classes for professional and technical education at graduate and higher levels. The Nigam gives a maximum loan of ₹10 lakh for studies in India and ₹20 lakh for studies abroad at 4% interest per year, and 3.5% interest per year for girl students. The moratorium period is co-terminus with the course for which the loan is taken, with a further six month period for starting a job. The education loan services of the Nigam can be applied through the Antyodaya Saral portal service for Education Loan Scheme.

FAQ's

Who can apply for Haryana Education Loan Scheme?

Students who have passed 12th class, are residents of Haryana, and have an I-card or Parivar Pehchan Patra can apply. For courses other than MBBS, family income from all sources should not exceed six lakh rupees per year. There is no income limit for MBBS.

What is the interest rate on education loans under this scheme?

Banks and member lending institutions cannot charge more than 2% above the repo rate declared by the RBI for education loans under the scheme.

How to apply for Haryana Education Loan Scheme 2026?

Students can apply online at atmanirbhar.haryana.gov.in through the Atmanirbhar Haryana portal or mobile app, or visit a Saral Kendra for offline help.