Education Loan Scheme: Haryana Women Development Corporation

Description
The scheme "Education Loan Scheme" by the Haryana Women Development Corporation, Government of Haryana, aims to encourage women and girls from Haryana to pursue higher education at graduate, postgraduate, doctoral, and post-doctoral levels, both within the country and abroad, while reducing the interest burden on students and guardians. Through this scheme, financial assistance and a 5% interest subsidy per annum are provided to female students. The scheme is implemented by the Haryana Women Development Corporation. Objectives: 1. To encourage women/girls belong to Haryana State to pursue higher education at Graduate/Post Graduate/Doctoral/Post Doctoral level in the country and abroad. 1. To reduce the interest burden on the student / Guardian.

Benefits
• Financial Assistance: Provided to female students under a Bank tie-up Education Scheme.
• Interest Subsidy: The Corporation will provide an interest subsidy of 5% per annum to the banks.
• Reduced Interest Burden: The scheme aims to reduce the interest burden on the student/guardian.
• Specific Interest Subsidy Condition: The Haryana Women Development Corporation (HWDC) will pay up to 5% interest subsidy on Education Loans to those female students who have availed the Education Loan from SBI Group and whose parents are employees of these banks and are being provided Education Loan at a lesser interest rate than the rate of interest for the general public. Hence, only the difference in interest of the subsidy will be paid by HWDC.

Eligibility Criteria
1. The applicant should be a Haryana domicile girl.
2. The applicant can be a child of a Haryana Government employee.
3. The applicant can pursue higher education, professional/technical diploma/graduate/postgraduate, doctoral/post-doctoral level in the country and abroad.
4. There are no preconditions for income.
5. There are no preconditions of caste.
6. There are no preconditions for religion.
7. The scheme is applicable for studies in India and abroad.
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Application Process
Step 1: The eligible applicant may visit the nearest Atal Seva Kendra with all the required documents to apply for the scheme.
Online - via CSC

The eligible applicant may visit the nearest Atal Seva Kendra with all the required documents to apply for the scheme.

Required Documents
• Domicile Certificate/Haryana Residence Certificate
• Bank Sanction Letter
• Educational Institution Letter / Fee Receipts
• Bank Loan Interest Statement
• Bank Performa
• Aadhar card/Family Id (PPP)/ I-Card of Govt. Employee
• One Photo (Passport Size)
• Certificate regarding not claiming a subsidy from any other agency/institute
• Affidavit from the parent of children studying abroad

Frequently Asked Questions
Q: What is the purpose of the scheme offered by the Haryana Women Development Corporation?
A: The scheme aims to encourage women and girls from Haryana to pursue higher education within India and abroad,
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Q: Who is eligible to apply for this Education Loan Scheme?
A: All Haryana domicile girls, including children of Haryana Government employees, are eligible to apply for this scheme.
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Q: What types of higher education can I pursue under this scheme?
A: You can pursue professional/technical diploma, graduate, postgraduate, doctoral, or post-doctoral level education.
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Q: Is the Education Loan Scheme applicable for studies abroad?
A: Yes, the scheme is applicable for studies both in India and abroad.
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Q: What kind of benefits does this Education Loan Scheme provide?
A: The scheme provides financial assistance to female students under a Bank tie-up Education Scheme.
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Q: What is the interest subsidy provided by the Corporation?
A: The Corporation will provide an interest subsidy of 5% per annum to the banks.
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Q: What documents are required to apply for this Education Loan Scheme?
A: You will need a Domicile Certificate/Haryana Residence Certificate, Bank Sanction Letter, and Educational Institution Letter/Fee Receipts.
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Q: Do I need to provide any identification documents?
A: Yes, you need to provide your Aadhar card/Family Id (PPP)/I-Card of a Government Employee.
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Q: Do I need a certificate stating that I am not claiming subsidy from other sources?
A: Yes, a certificate regarding not claiming a subsidy from any other agency/institute is required.
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Q: If my child is studying abroad, are there any additional document requirements?
A: Yes, an affidavit from the parent of the child studying abroad is required.
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Q: Are parents who are employees of SBI Group banks and get a lesser interest rate eligible for full 5% subsidy?
A: No, the HWDC will pay only the difference in interest subsidy if the parents are employees of SBI Group banks and are already receiving a lesser interest rate.
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Q: Is there a specific bank from which the education loan must be availed to get the subsidy?
A: The subsidy is provided to banks in general, but a specific condition applies if the loan is availed from the SBI Group and the parents are employees of those banks.
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