Haryana implements Education Loan Scheme to empower women’s higher education

North India One

Haryana implements Education Loan Scheme to empower women’s higher education

Chandigarh, Oct 5– Haryana Minister of Women and Child Development, Smt. Kamlesh Dhanda said that Haryana government is committed to promoting higher education for women and girls. To realize this objective, the Haryana Women Development Corporation has implemented the “Education Loan Scheme” aimed at facilitating women and girls in pursuing higher education.

        Smt. Dhanda said that limited financial resources and the high fees associated with educational loans from banks often deter women from pursuing higher education, including professional/technical diplomas, undergraduate, postgraduate, and medical courses. To alleviate this financial burden, the scheme offers a 5 percent interest rate subsidy on education loans. For example, if a bank offers an education loan with an interest rate of 9.50 percent, the corporation will subsidize it to 5 percent, resulting in beneficiaries paying only 4.50 percent interest.

        Under this scheme, eligible beneficiaries include girls and women who are permanent residents of Haryana and the daughters of government employees working in the Haryana Government, who are pursuing education both within the country and abroad. Education loans will be disbursed through banks following their respective education loan schemes.

        To apply for this scheme, applicants are required to submit the application form along with the bank’s approval letter, an acceptance letter from the educational institution, proof of permanent residence in Haryana, identification documents for Haryana government employees, Parivar Pehchan Patra, Aadhar card, and bank statements. Women and girls temporarily residing outside Haryana but employed by the Haryana government can submit their applications at the nearest district manager’s office after obtaining the loan from the bank, Smt. Dhanda further added.

        She said that under this scheme, a total of 10,615 women/girls have already received a subsidy of Rs. 2409.39 lakhs on interest. For more information, interested individuals can visit the Haryana Women Development Corporation’s website at http://www.hwdcl.org.