The Indian government has introduced the Education Loan e-Voucher Scheme Scheme 2024, allowing students who have completed their 12th examination to pursue higher education without financial difficulties. The scheme offers up to INR 10 lakh for students to pursue higher education in India. Applicants must visit the official website and fill out the online application form. Finance Minister Mrs. Nirmala Sitharaman introduced the scheme during the fiscal budget presentation.
Education Loan e-Voucher Scheme
The Education Loan e-Voucher Scheme 2024 aims to provide loans to financially unstable students in India, enabling them to continue their education. The government will offer up to INR 10 lakh in loans at a 3% per annum interest rate, a lower rate than the market. This scheme will benefit 1 lakh students across India, allowing them to repay their loans without financial worries.
Education Loan e-Voucher Scheme Summary
| Scheme Name | Education Loan e-Voucher Scheme 2024 |
| Inceative By | Government of India |
| Objective | Provide financial assistance |
| Beneficiaries | Students of India |
| Official website | Not Yet |
Loan Amount and Interest Rate of e-Voucher Scheme
- Students can receive a loan amount of INR 10 lakh under the Education Loan e Voucher Scheme 2024.
- The Education Loan e Voucher 2024 will be granted a 3% annual interest rate.
No of Students Who Receive e-Voucher Scheme
- The Education Loan e Voucher Scheme 2024 offers benefits to a total of 1 lakh students.
e-Voucher Scheme Announcement Date
The Education Loan e Voucher Scheme 2024 was officially announced on July 23rd, 2024.
India’s Finance Minister, Mrs. Nirmala Sitharaman, has announced the Education Loan e Voucher Scheme 2024.
e-Voucher Scheme Eligibility Criteria
- Permanent resident of India
- Financially unstable student.
Benefits of the e-Voucher Scheme
- The scheme provides financial assistance to students to enable them to pursue higher education.
- Students can easily repay the loan amount with an annual interest rate of only 3%.
- Higher education enables students to pursue their dreams and establish successful careers.
- The scheme aims to improve the social status and standard of living for all students in India.
- This scheme is open to all students in India.
e-Voucher Scheme Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
How To Apply For Education Loan e-Voucher Scheme Application Process
- Step 1: To apply for the Education Loan e Voucher 2024 online, applicants must meet eligibility criteria and visit the official website.
- Step 2: To apply for a job on the official website, applicants must visit the homepage and click on the “apply here” option.
- Step 3: The applicant must fill out all required details and attach all required documents on the application form on a new desktop screen.
- Step 4: The applicant must review all the information provided and click on the submit button to finish the process.
