‘Padho Pardesh’ Scheme Being Carried out by Ministry of Minority Affairs; Interest Subsidy Could be Availed by Students of Notified Minority Communities Finding out in Foreign Establishments

Tarun Karthick

Campbell Bay, 05 December 2022

The Ministry of Minority Affairs, GoI is implementing the Padho Pardesh – Scheme of Interest Subsidy on instructional loans for abroad research for college kids belonging to Minority Communities. The goal of the scheme is to award curiosity subsidies to meritorious college students belonging to economically weaker sections of the notified minority communities, to supply them with higher alternatives for increased training overseas and improve their employability.

The eligibility standards for availing the scheme is that the scholar ought to have secured admission within the permitted programs at Masters, M.Phil or Ph.D ranges overseas for the programs viz. Arts/Humanities/Social Sciences, Commerce, Pure Sciences, Engineering, Bio-technology/Genetic Engineering, Industrial Environmental Engineering, Nano-technology, Marine Engineering, Petro-Chemical Engineering, Plastic Technology, Cryogenic Engineering, Mechatronics, Automation Robotics together with Artificial Intelligence, Laser Technology, Low Temperature Thermal Dynamics, Optometry, Art Restoration Technology, Dock and Harbour Engineering, Imaging System Technology, Composite Materials Engineering together with Decentralised Power Distribution (for Solar Heat) system, Energy Storage Engineering, Energy Conservation, Energy Efficient Habitat, Packaging Engineering/Technology, Nuclear Engineering,  Information Technology together with Computer Engineering, Software, Software Quality Assurance, Networking/ Connectivity Engineering, Communication system below Hazardous or Post-disaster situations, Multi- media Communication, Industrial Safety Engineering, Agriculture & Agro Technology, Agronomy, Medical, Floriculture &Landscaping, Food Sciences &Technology, Forestry & Natural Resources, Horticulture, Plant Pathology, Energy Studies, Farm Power & Machinery, Veterinary Sciences, Soil & Water Management, Plant Breeding & Genetics, Small- scale RuralTechnology, Ocean & Atmospheric Sciences, M.B.A, M.C.A, some other Subject. 

He/ she ought to have availed mortgage from a scheduled financial institution below the Education Loan Scheme of the Indian Banks Association (IBA) for the aim. Students ought to apply for advantages below the scheme through the 1st 12 months of the course itself. Fresh functions acquired throughout 2nd 12 months or subsequent years won’t be accepted in any case. Preference will likely be given to these functions that are lined below the decrease price of curiosity by numerous banks of every State/UT below their quota. Payment of monetary advantages could also be linked with an Aadhar Number, if obtainable. 

For availing the scheme, the entire earnings from all sources of the employed candidate or his/ her dad and mom/guardians (in case of the unemployed candidate) shall not exceed Rs. 6.00 lakhs each year. An earnings certificates issued by the competent authority of the State/ Union Territory must be submitted in help of the earnings proven by a candidate.

The detailed tips of the scheme can be found on the web site www.minorityaffairs.gov.in.