[Apply] HP Mukhya Mantri Gyandeep Yojana 2026 Application / Registration Form for Education Loan Subsidy

Himachal Pradesh government is accepting applications for Mukhya Mantri Gyandeep Yojana (MMGY) education loan interest subsidy. The scheme is for bonafide Himachali students who take education loans for professional, technical and higher education courses from recognized institutions in India.

Under Mukhya Mantri Gyandeep Yojana, students can get interest subsidy of 4% per annum on education loans up to Rs. 10 lakh. The subsidy is available on loans taken from any bank, and there is no income limit for applying.

The scheme is run by the Higher Education Department of Himachal Pradesh. Guidelines of the scheme are available on the HP e-Pass Portal at https://hpepass.cgg.gov.in/NewHomePage.do.

HP Mukhya Mantri Gyandeep Yojana 2026 Apply Online

Mukhya Mantri Gyandeep Yojna is a state government scheme for students who are bonafide residents of Himachal Pradesh and are pursuing professional, technical or higher education courses from recognized institutions. Under this scheme, interest subsidy is given on education loans up to Rs. 10 lakh. The interest subsidy of 4% per annum on the education loan is allowed.

STEP 1 - First, take an education loan from any bank for your professional, technical or higher education course. The loan can be up to Rs. 10 lakh.

STEP 2 - Get the Mukhya Mantri Gyandeep Yojana application / registration form from the bank branch where you have taken the loan. The forms are available at all bank branches.

STEP 3 - Fill the form and submit it along with the required documents at the earliest to get the education loan subsidy.

STEP 4 - To check the scheme guidelines, visit the official website at https://hpepass.cgg.gov.in/NewHomePage.do.

STEP 5 - On the homepage of the HP ePASS portal, scroll over the "Schemes Offered" tab and click on the "State Sponsored Schemes" link. On the opened page, the last link is of "Mukhya Mantri Gyandeep Yojna".

Highlights of Mukhya Mantri Gyandeep Yojana

Eligibility for Mukhya Mantri Gyandeep Yojana

Students who meet the following conditions can apply for the scheme:

• Applicant must be a bonafide resident of Himachal Pradesh.
• Applicant must be pursuing professional, technical or higher education courses from a recognized institution in India.
• Applicant must have taken an education loan from any bank.
• The education loan should be up to Rs. 10 lakh to get the full interest subsidy.

Benefits of Mukhya Mantri Gyandeep Yojana

The main benefits of the scheme are given below:

• Interest subsidy of 4% per annum on education loans up to Rs. 10 lakh.
• The subsidy is available irrespective of the income level of the family.
• The scheme covers professional, technical and higher education courses from recognized institutions.
• Students can apply directly through any bank without any middleman.

Documents Required

Keep the following documents ready while applying for the scheme:

• Aadhaar card and Himachal Pradesh bonafide / residence certificate.
• Admission letter from the recognized institution.
• Education loan sanction letter from the bank.
• Bank passbook, passport size photo and academic certificates.

Background of Mukhya Mantri Gyandeep Yojna

Government of Himachal Pradesh launched Mukhya Mantri Gyandeep Yojana in the financial budget 2016-17. The scheme was started to encourage deserving and meritorious students pursuing professional, technical and higher education courses in recognized institutions in the country.

Under the scheme, interest subvention of 4% is given to all Himachali students availing education loans from banks up to Rs. 10 lakh, irrespective of income level. Students who are already getting interest subsidy under any other state or central government scheme are not eligible for this scheme.

Check the press release at HP ePASS Press Release PDF or at Higher Education Department, Himachal Pradesh.

Students can also check related education loan support schemes like HP Mukhyamantri Vidyarthi Protsahan Yojana and PM Vidya Lakshmi Portal for more options.

FAQ's

What is Mukhya Mantri Gyandeep Yojana?

Mukhya Mantri Gyandeep Yojana is an education loan interest subsidy scheme of the Himachal Pradesh government. Under this scheme, eligible Himachali students get 4% interest subsidy on education loans up to Rs. 10 lakh.

How much interest subsidy is given under this scheme?

Students get interest subsidy of 4% per annum on education loans up to Rs. 10 lakh taken from any bank.

Who can apply for Mukhya Mantri Gyandeep Yojana?

Bonafide residents of Himachal Pradesh who are pursuing professional, technical or higher education courses from recognized institutions and have taken an education loan from a bank can apply.

How to apply for Mukhya Mantri Gyandeep Yojana?

Students can apply directly through any bank branch. The application / registration forms are available at all bank branches. Scheme guidelines are available on the HP ePASS portal.

Is there any income limit for this scheme?

As per the official press release, the interest subsidy is given irrespective of the income level of the student's family.