 "Himachal Pradesh extends educational loans for overseas studies, empowering economically weaker students to pursue their dreams without financial barriers.")
Himachal Pradesh Chief Minister Sukhwinder Singh Sukhu announced an expansion of the Dr YS Parmar Vidyarthi Rin Yojna to include overseas education for students. The state cabinet approved this initiative, allowing eligible students to receive educational loans up to Rs 20 lakh at a low interest rate of one percent for studying abroad. This move aims to help meritorious students from economically weaker backgrounds, particularly those with annual family incomes below Rs 4 lakh. The government has allocated Rs 200 crore for this scheme and plans to issue a detailed standard operating procedure soon. To ensure smooth implementation, a grievance redressal officer will be appointed to address students’ concerns.
Himachal Pradesh Chief Minister Sukhwinder Singh Sukhu recently announced important changes to the Dr. YS Parmar Vidyarthi Rin Yojna, which now extends its benefits to students seeking overseas education. This move comes after the state cabinet approved the expansion of this educational loan scheme. Under the revised plan, eligible students can apply for loans up to Rs 20 lakh at a low-interest rate of one percent to support their professional and vocational studies abroad.
Sukhu emphasized that the intention behind this initiative is to ensure that financial constraints do not hinder students from pursuing higher education overseas. A detailed standard operating procedure (SOP) will soon be released by the education department, which will outline the application process and other relevant details.
The government originally launched this loan scheme last year, focusing on meritorious students from economically weaker sections. Those from families earning less than Rs 4 lakh annually can avail themselves of these loans.
Sukhu reiterated the government’s commitment to quality education for all youths in the state, stating, “No deserving student will be deprived of higher or professional education due to financial issues.” To support this initiative, the state has allocated Rs 200 crore specifically for these loans. Additionally, a grievance redressal officer will be appointed to aid students facing issues with the scheme.
Overall, this initiative highlights the government’s commitment to making quality education accessible to all students, regardless of their financial backgrounds.
Tags: Himachal Pradesh, Sukhwinder Singh Sukhu, education loans, Dr YS Parmar Vidyarthi Rin Yojna, overseas education, financial assistance, quality education, student welfare.
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What is the new loan scheme for studying abroad in Himachal Pradesh?
The Himachal government has expanded a loan scheme to help students go abroad for their education. -
How can I apply for this loan scheme?
Students can apply for the loan through designated banks or government websites once the Standard Operating Procedure (SOP) is released. -
What expenses does the loan cover?
The loan will cover tuition fees, living costs, travel expenses, and other study-related costs for students going abroad. -
Who is eligible for the loan?
Students from Himachal Pradesh who have secured admission to foreign educational institutions are eligible for the loan. - When will the SOP be issued?
The government is expected to issue the SOP soon, but no specific date has been announced yet. Keep checking official announcements for updates.
