Padho Pardesh Scheme

The eligibility criteria that must be met for students to avail the benefits of the scheme are mentioned below:

1. The student must have secured admission abroad in one of the approved courses at the Ph.D., MPhil, or Master's levels.
2. The student must have availed the education loan from a bank that provides the education loan scheme under the Indian Banks Association (IBA).
3. In case the student wishes to avail the benefits of the scheme, he/she must do so in the first year of the course. Students cannot avail the benefits in the second year or any other subsequent years.
4. Preference will be provided to applications that come under a lower rate of interest.
5. If available, payment of the financial benefit should be linked to the Aadhaar number.
6. The total income of the student’s parents or guardians should not exceed Rs.6 lakh p.a. 

Rate of Interest Subsidy

1. Under the scheme, the Indian Government will pay the interest during the moratorium period. The moratorium period is usually the duration of the course and six months or one year after getting a job.
2. Post the moratorium period, the student must pay the interest that is pending on the outstanding loan amount.
3. The interest after the moratorium period and the principal amount must be paid by the student.

Conditions for Interest Subsidy

The conditions that must be met to avail the interest subsidy benefits are mentioned below:

1. Students can avail the benefits of the scheme only for higher studies outside India.
2. The Government of India will only pay the interest subsidy for students who are eligible for Ph.D., MPhil, and Master's courses.
3. Students will not be eligible for the scheme if they discontinue the course mid-term.
4. The interest subsidy will not be paid by the government if any conditions have been violated.
5. The subsidy will be withdrawn in case the student is found to have provided false information.
6. Interest subsidy will not be provided if the student gives up Indian citizenship.
7. The bank that provides the education loan will keep a separate account in regard to any funds that they have received from the Ministry. A report will be provided to the Ministry every quarter.
8. Only once the utilisation certificate has been received, will more funds be provided.
9. The bank that provides the loan will ensure that students do not avail interest subsidy from any other scheme for the same purpose.
10. A detailed procedure regarding how the interest subsidy is processed and sanctioned will be provided by the designated bank to the students.
11. The Ministry will evaluate the scheme on a regular basis.
12. Ministry of Minority Affairs can change the terms and conditions of the scheme at any time.

Selection of Candidates 

35% of the seats will be reserved for female candidates. In case there is not enough female candidates, the seats will be transferred to male candidates. 

Disciplines Covered under the Scheme

The list of courses that are covered under the scheme are mentioned below:

1. M.B.A  

1. M.C.A 
2. Social Sciences/ Humanities/ Arts 
3. Commerce   
4. Pure Sciences  
5. Engineering  

1. Bio- technology/ Genetic Engineering  
2. Industrial Environmental Engineering  
3. Nano technology  
4. Marine Engineering  
5. Petro-chemical Engineering  

1. Plastic Technology  
2. Cryogenic Engineering  
3. Mechatronics  
4. Automation Robotics including artificial intelligence  
5. Laser Technology  

1. Low Temperature Thermal Dynamics  
2. Optometry  
3. Art Restoration Technology  
4. Information Technology including Computer Engineering, Software, Software Quality assurance, Networking/ Connectivity Engineering, Communication system, Multi- media Communication 
5. Dock and Harbour Engineering  

1. Imaging System Technology  
2. Composite Materials Engineering including Decentralized power Distribution (for Solar Heat) system, Energy Storage Engineering, Energy conservation, Energy Efficient Habitat  
3. Packaging Engineering/ Technology 
4. Nuclear Engineering 
5. Industrial Safety Engineering  

1. Agriculture & Agro Technology  
2. Agronomy  
3. Medical  
4. Forestry & Natural Resources 
5. Food Sciences & Technology  

1. Horticulture  
2. Plant Pathology  
3. Energy Studies  
4.  Veterinary Sciences 
5. Plant Breeding & Genetics  

1. Small- scale Rural Technology  
2. Ocean & Atmospheric Sciences  
3. Floriculture & Landscaping 
4. Farm Power & Machinery  
5. Soils & Water Management 

1. Any other Subject 

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