Dr YS Parmar Education Loan Scheme 2024 Application Form, Eligibility, Interest Rate, Loan Amount

Dr YS Parmar Vidyarthi Rin Yojana Application Form 2024 is available to download in PDF format, check eligibility before applying for the scheme. Under YS Parmar Education Loan Scheme, meritorious students from EWS category can apply for educational loans from scheduled banks present in Himachal Pradesh state. These loans can be taken at nominal interest rates for studying either in India or overseas (after scope expansion).

Read this article till the end to know how to download YS Parmar Vidyarthi Rin Yojna Form PDF, what is the eligibility criteria, loan amount and interest rate for education loans.

YS Parmar Vidyarthi Rin Yojana Application Form 2024 PDF

The state govt. of Himachal Pradesh has released official guidelines regarding implementation of Dr. Y.S. Parmar Vidyarthi Rin Yojana on 9th February 2024. In the YS Parmar Education Loan Scheme Guidelines PDF, 4 page application form is present. Here we are showing 1st and 2nd page of YS Parmar Vidyarthi Rin Yojana Application Form PDF for representation purpose:-

YS Parmar Vidyarthi Rin Yojana Application Form PDF
YS Parmar Vidyarthi Rin Yojana Application Form PDF

YS Parmar Vidyarthi Rin Yojana Form Page 2
YS Parmar Vidyarthi Rin Yojana Form Page 2

For full version of application form, check scheme guidelines – Regarding implementation of Dr. Y.S. Parmar Vidyarthi Rin Yojna (9th Feb 2024)

Loan Amount under Dr. YS Parmar Education Loan Scheme

Interested students can avail loan amount upto Rs. 20 lakh for education / studying purposes under HP YS Parmar Vidyarthi Rin Yojana subject to eligibility. All those students whose annual family income is below Rs. 4 lakh per annum are eligible for the loan. Students can take loans upto Rs. 20,00,000 from any scheduled bank in the Himachal Pradesh state.

These education loans will cover educational expenses such as tuition fees, boarding, lodging, books and other related costs. To address delays in disbursement, the government will maintain a corpus at the district level, overseen by the deputy commissioner, to release the first instalment of the loan when immediate payment is needed.

Dr. YS Parmar Vidyarthi Rin Yojana Interest Rate

All the loans given under YS Parmar Education Loan Scheme 2024 would be given at nominal interest rates. Eligible students can get loans upto Rs. 20 lakhs at interest rate of just 1%. Students can get these loans from any scheduled bank in HP state.

YS Parmar Education Loan Scheme Courses Covered

YS Parmar Vidyarthi Rin Yojana of Himachal Pradesh govt. will cover students pursuing diploma and degree courses in professional, and technical education. It includes students pursuing studies in engineering, medicine, management, nursing, pharmacy, law and other courses. Moreover, students from ITIs, polytechnics, and those pursuing PhD programmes are also eligible. A minimum of 60 percent marks in the previous class is required and students must be under 28 years of age at the time of admission.

Eligibility Criteria for YS Parmar Vidyarthi Rin Yojna

  • Applicant must be a student belonging to Himachal Pradesh state.
  • students must be under 28 years of age at the time of admission.
  • Students from families with income below ₹4L p.a eligible for loan
  • A minimum of 60 percent marks in the previous class is required

HP YS Parmar Education Loan Scheme Scope Expanded

On 22nd September 2024, Himachal Pradesh govt. has expanded the scope of YS Parmar Education Loan Scheme to include overseas education. This move shall empower meritorious students from economically weaker sections. Under Dr. YS Parmar Vidyarthi Rin Yojana, eligible students can avail loans upto Rs. 20 lakh at just 1% interest rate. This initiative will benefit students aspiring to pursue higher studies in foreign institutions, ensuring that financial limitations do not hinder their educational aspirations. SOP has been issued by the education department in this regard on 19th November 2024HP Vidyarthi Rin Yojna SOP PDF.

CM Sukhu on YS Parmar Education Loan

Chief minister Sukhvinder Singh Sukhu said the Himachal Pradesh govt. has launched Dr. Yashwant Singh Parmar education loan scheme from the financial year 2023-24 to support the eligible meritorious students of EWS category. The scheme provides educational loans at an interest rate of just 1 percent to eligible bona-fide Himachali students.

“Our government is committed to providing quality education to all youth and with the launch of this scheme, no deserving student in the state will be deprived of higher or professional education due to financial constraints. This decision reflects the state government’s unwavering commitment to making quality education accessible to all, regardless of economic background. The government has allocated ₹200 crore to support such students under this scheme,” added CM Sukhu.

YS Parmar Education Loans Grievance Redressal

“To ensure the effectiveness of implementation of YS Parmar Vidyarthi Rin Yojana and to address the irregularities, a grievance redressal officer will be appointed to address the concerns of students. This initiative is a major step to ensure that youths of Himachal Pradesh state have the opportunity to fulfill their potential and achieve their dreams”, CM Sukhu said.

Overview of Dr. YS Parmar Education Loan Scheme

Name of Scheme Dr. YS Parmar Vidyarthi Rin Yojana
On the Name of Dr. Yashwant Parmar
State Himachal Pradesh
Type Education Loan Scheme
Loan Amount Upto Rs. 20,00,000
Interest Rate 1% per annum
Eligibility Himachali students who are under 28 years of age and family income < Rs. 4 lakh
Application Form Download PDF

Press Releases on Dr. Yashwant Singh Parmar Vidyarthi Rin Yojna

For more details on HP YS Parmar Vidyarthi Rin Yojana, visit the official website https://education.hp.gov.in/

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