Education Loan e Voucher Scheme: The Government of India has announced the Education Loan e Voucher Scheme 2024. During the presentation of the financial budget for the year 2024- 25, finance minister of India Mrs Nirmala Sitharaman launched the education loan e voucher scheme 2024. With the help of this scheme, Students who have completed dear class 12th examination can now pursue higher education without wrorying about financial troubles. Students are eligible to receive up to Rs 10 Lakh alone for pursuing higher education in India.
Finance minister Nirmala Sitharaman has made big announcements for the youth looking for employment and the student studying in budget 2024. Under this changes will be mad in the skill on scheme and at the same time, there will be a discount in the lawn under the e vouchers scheme for students pursuing higher education in domestic institutions. To meet the eligible criteria, all the applicants have to visit the official website and fill the online application form.
Rajiv Gandhi Civils Abhayahastam Scheme 2024 Registration, Benefits & Last Date
Education Loan e Voucher Scheme 2024
Finance minister Nirmala Sitharaman has made big announcements about the education sector and students in today’s budget, in which a special e voucher scheme has bean introduced for students pursuing higher education in educational institutions within the country. Under this scheme, students will get up to 3% annual discount on education loan. Overall announcements of Rs 1.48 lakh crore have been made for the education, employment and skill sector, in which to schemes are related to loans.
1.48 Lakh crore for Education and Employment
The finance minister Nirmala Sitharaman also said that the budget will focus on employment, skills, MSMEs and the middle class. The finance minister said,’a provisional of Rs 1.48 lakh crore has been made for education, employment and skills in the budget for the financial year 2025. Apart from this, implementation of various schemes announced in the interim budget in February is still going on.
NAMO Shetkari Yojana 4th Installment Date 2024 Maharashtra Online Check, List
Education Loan e Voucher Scheme 2024 overview
| Name of the scheme | Education Loan e Voucher Scheme |
| Launched by | finance minister Nirmala sitharaman in union budget 2024 |
| Objective | provide financial assistance in form of loans of the students |
| Benefit | Loans up to Rs. 7.5 Lakh |
| Beneficiaries | students of India |
| Year | 2024 |
| Category | Central Government scheme |
| Application process | online/ offline |
| Official website | — |
The Objective of Education Loan e Voucher Scheme
The main objective of launching education loan e voucher scheme is it to provide loans to financial unstable students so that they can continue their education. Under this scheme, the Government of India will provide loans up to Rs 10 Lakh alone to eligible students. The Government of India will charge and interest of only 3% per annum. The interest rate under this scheme is relatively low compared to the market. Within the help of low interest rates, students can repay the amount without worrying about financial problems. A total of 1Lakh students across India will avail finance assistance under the education loan e voucher scheme.
Odisha Subhadra Yojana Apply Online 2024, Last date, Eligibility
Loan Amount and Interest Rate
- Visit the help of government backed funds,loans up to Rs 7.5 lakh will be available under the education loan e voucher intiative 2024.
- Nirmala Sitharaman clamps that the education loan e voucher intiative 2024 will provide loans up to Rs 10 Lakh for local institutions of higher education.
- Every year 100,000 students will get this amount directly from the provider, whether 3% of the loan amount dedicated only for interest.
How Many Students Will Covered Under this Scheme?
- 25,000 children’s are accepted to benefit from this program annually.
- The education loan e vouchers initiative, which was launched in the union budget 2024, plans to offer loans up to Rs 10 Lakh for higher education at local Universities.
Date of Announcement
- The education loan e voucher scheme was announced on 23 July 2024, during the annual union budget 2024 announcement.
- Who announced education loan in voucher scheme 2024?
- The finance minister of India, Nirmala Sitharaman, revealed the e voucher scheme 2024 during the union budget 2024 announcement.
- The finance minister include Rs 1.48 trillion for job, education and skill development programme in the FY 25 budget.
Benefit and Features of Education Loan e Voucher Sheme
- Education loan e voucher scheme was announced by finance minister Nirmala sitharaman on 23 July 2024.
- Under the education loan about scheme 2024, loans up to Rs 7.5 Lakh would be offered with the support of a government backed fund.
- Students may transform their futures and pursue higher education in the college of their dreams with the aid of this E voucher.
- This is came will uplift the social status and standard of living of all the students of in India.
- The students can achieve their dreams and build their careers by getting higher education.
- With the help of annual interest of only 3% the students can payback the loan amount easily.
- With the help of financial assistance under this scheme students can pursue higher education.
- A total of students across India are eligible to while the benefits of e voucher scheme.
Rajasthan Kali Bai Scooty Yojana 2024 Merit List, Pdf Download
मुख्यमंत्री अभ्युदय योजना 2024: प्रतियोगी परीक्षाओं के लिए फ्री कोचिंग! CM Abhyudaya Yojana
Eligibility Criteria
- The applicant must be a permanent resident of India.
- The candidate should be a 12th pass students or 10th pass student looking for higher studies.
- Applicant should be a student.
Required Documents
- Aadhar Card
- Pan Card
- Domicile certificate
- 10th pass marksheet
- 12th pass mark sheet
- Bank account detail
- Passport size photograph
- Mobile number
Education Loan e Voucher Scheme 2024 Application Process
- All the applicants who fulfill the eligibility criteria can visit the official website to apply online for education loan e voucher scheme 2024.
- Once the applicant reaches the homepage of the official website, the applicant needs to click on the apply here option.
- A new page will appear on your desktop screen. The applicant needs to enter all the details asked and attach all the required documents on the application form.
- After ending all the details the applicant should quickly review it and click on the submit option to complete their process.
FAQ’s
What is in the budget for 2024?
With the help of this e voucher, the students can pursue higher studies in their dream college and make their future bright.
When was this scheme launched and who launched it?
During the introduction of the union budget 2024 on 23 July. Finance minister Nirmala sitharaman revealed the e voucher scheme 2024.
What is the interest rate to be given under the scheme 2024?
The interest rate of only 3% will be given under the scheme 2024.