Lok Sabha Question No. 4160 (UNSTARRED), answered on 2018-03-21
Subject: Subsidy on Educational Loan for Overseas Studies
Ministry: MINORITY AFFAIRS
Asked by: JAYAKUMAR JAYAVARDHAN, DHANANJAY BHIMRAO MAHADIK, SUPRIYA SADANAND SULE, VIJAYSINH MOHITE PATIL, HEENA VIJAYKUMAR GAVIT

## GOVERNMENT OF INDIA MINISTRY OF MINORITY AFFAIRS LOK SABHA UNSTARRED QUESTION NO.4160 TO BE ANSWERED ON 21.03.2018

## SUBSIDY ON EDUCATIONAL LOAN FOR OVERSEAS STUDIES

## 4160: DR. J. JAYAVARDHAN: SHRI DHANANJAY MAHADIK: SHRIMATI SUPRIYA SULE:  SHRI  MOHITE  PATIL  VIJAYSINH  SHANKARRAO:  DR.  HEENA VIJAYKUMAR GAVIT:

Will the Minister of MINORITY AFFAIRS be pleased to state:

- (a)  whether the Government has launched any schemes to provide subsidy on educational loan for overseas studies to the students of minority communities;
- (b) if  so,  the  details  thereof  including  the  criteria  for  selection  of  beneficiaries  and  the implementing agencies designated for the purpose;
- (c)  the  number  of  applications  received  under  the  schemes  during  the  last  three  years  and  the current year, State/UT-wise;
- (d) the funds allocated and released for the purpose and the number of students benefited during the above period;
- (e) whether the Government proposes to enhance the loan amount and if so, the details thereof; and
- (f)  the other steps being taken by the Government for the welfare of the students from minority communities?

## ANSWER MINISTER OF MINORITY AFFAIRS (SHRI MUKHTAR ABBAS NAQVI)

(a) &  (b):  Yes,  Madam.  The  Ministry  is  implementing  a  Scheme  of  ' Padho  PardeshInterest  Subsidy  on  educational  loans  for  overseas  studies' with  the  objective  to  award interest  subsidy  to  meritorious  students  belonging  to  economically  weaker  sections  of notified  minority  communities  to  provide  them  better  opportunities  for  higher  education abroad and enhance their employability.

The  Scheme  has  been  revised  w.e.f.  29.9.2017  and  as  per  revised  scheme  guidelines physical  target  of  400  has  been  fixed  for  Financial  Years  2017-18,  2018-19  &  2019-20.  . State-wise and community-wise quota has  been allocated which is inter-transferable in case of non availability of students in a state or community. 35% seats are also earmarked for girl students.

The scheme is being implemented through a nodal bank namely Canara Bank on the basis of a MoU signed between Ministry of Minority Affairs and the Bank.

As  per  the  revised  scheme  guidelines,  for  availing  of  the  benefit  under  the  scheme  the candidates should fulfill following criteria along-with other terms and conditions prescribed in the scheme guidelines:

- (i) The student should have secured admission in the approved courses at Masters, M.Phil  or  Ph.D  levels  abroad  for  the  courses  mentioned  in  the  scheme guidelines.
- (ii) He/ She should have availed loan from a scheduled bank under the Education Loan Scheme of the Indian Banks Association (IBA) for the purpose.
- (iii) Total income from all sources of the employed candidate or his/ her parents/ guardians in case of unemployed candidate shall not exceed Rs. 6.00 lakh per annum.
- (iv) The interest subsidy under the scheme is available to the eligible students only once, either for masters M.Phil or Ph.D level.

Selection  of  candidates  is  made  by  a  Selection  Committee  constituted  for  the  purpose  and chaired by Additional Secretary/ Joint Secretary of the Ministry.  Detailed scheme guideline is available on the website of this Ministry i.e. www.minorityaffairs.gov.in.

- (c): As  per  data  available,  details  of  number  of  applications  received  (State/UT-wise)  is annexed.
- (d): The  details  of  fund  allocated  and  released  along  with  students  benefitted  under  the scheme during the last three years and the current year are as under:-
- (e) No  such proposal is under consideration in the Ministry.
- (f) Apart from Padho Pardesh scheme, this Ministry is also implementing following schemes for  Educational  Empowerment  of  students  belonging  to  the  six  notified    minority communities:
- i. Pre-matric scholarship scheme
- ii. Post-matric scholarship scheme
- iii. Merit-cum-Means based scholarship scheme
- iv. Maulana Azad National Fellowship (MANF)
- v. Naya Savera- Free Coaching and Allied Scheme
- vi. Nai Udaan - Support for Students for preparation of Main Examination who clear Prelims conducted by UPSC/SSC, State Public Service Commission (PSC) etc.

| Year                       |   Fund allocated (Rs. in crore) |   Fund Released (Rs. in crore) |   Students Benefitted (Fresh+Renewals) |
|----------------------------|---------------------------------|--------------------------------|----------------------------------------|
| 2014-15                    |                            3.5  |                           3.5  |                                    573 |
| 2015-16                    |                            4.19 |                           4.15 |                                    815 |
| 2016-17                    |                            4    |                           4    |                                    727 |
| 2017-18 (as on 28.02.2018) |                           17    |                           6.52 |                                    736 |

Details of all these schemes are available on the website of Ministry i.e. www.miinorityaffairs.gov.in.

Annexure

Annexure referred in reply to Part (c) of Lok Sabha Unstarred Question No. 4160 raised by DR. J. JAYAVARDHAN: SHRI DHANANJAY MAHADIK: SHRIMATI SUPRIYA SULE: SHRI  MOHITE  PATIL  VIJAYSINH  SHANKARRAO:  DR.  HEENA  VIJAYKUMAR GAVIT to be answered on 21.03.2018 regarding Subsidy on Educational Loan for Overseas Studies.

|       |                        | Number of Applications received   | Number of Applications received   | Number of Applications received   | Number of Applications received   |
|-------|------------------------|-----------------------------------|-----------------------------------|-----------------------------------|-----------------------------------|
| S.No. | STATE                  | 2014-15                           | 2015-16                           | 2016-17                           | 2017-18                           |
| 1     | ANDAMAN& NICOBAR       | 0                                 | 1                                 | 0                                 | Under Process                     |
| 2     | ANDHRA PRADESH         | 93                                | 132                               | 99                                |                                   |
| 3     | ASSAM                  | 8                                 | 9                                 | 7                                 |                                   |
| 4     | BIHAR                  | 3                                 | 4                                 | 4                                 |                                   |
| 5     | CHANDIGARH             | 7                                 | 7                                 | 5                                 |                                   |
| 6     | CHHATTISGARH           | 3                                 | 10                                | 6                                 |                                   |
| 7     | DADRA AND NAGER HAVELI | 1                                 | 1                                 | 0                                 |                                   |
| 8     | DELHI                  | 4                                 | 12                                | 12                                |                                   |
| 9     | GOA                    | 2                                 | 7                                 | 9                                 |                                   |
| 10    | GUJARAT                | 22                                | 68                                | 53                                |                                   |
| 11    | HARYANA                | 17                                | 20                                | 15                                |                                   |
| 12    | JAMMU &KASHMIR         | 26                                | 41                                | 36                                |                                   |
| 13    | JHARKHAND              | 1                                 | 1                                 | 2                                 |                                   |
| 14    | KARNATAKA              | 87                                | 131                               | 123                               |                                   |
| 15    | KERALA                 | 408                               | 671                               | 633                               |                                   |
| 16    | MADHYA PRADESH         | 30                                | 70                                | 71                                |                                   |
| 17    | MAHARASHTRA            | 59                                | 152                               | 192                               |                                   |
| 18    | MANIPUR                | 4                                 | 1                                 | 0                                 |                                   |
| 19    | MEGHALAYA              | 5                                 | 5                                 | 4                                 |                                   |
| 20    | MIZORAM                | 2                                 | 1                                 | 1                                 |                                   |
| 21    | ORISSA                 | 0                                 | 1                                 | 1                                 |                                   |
| 22    | PONDICHERRY            | 5                                 | 7                                 | 2                                 |                                   |
| 23    | PUNJAB                 | 109                               | 125                               | 77                                |                                   |
| 24    | RAJASTHAN              | 14                                | 23                                | 26                                |                                   |
| 25    | TAMILNADU              | 98                                | 129                               | 113                               |                                   |
| 26    | TELANGANA              | 3                                 | 57                                | 73                                |                                   |
| 27    | UTTAR PRADESH          | 15                                | 33                                | 33                                |                                   |
| 28    | UTTARANCHAL            | 4                                 | 11                                | 7                                 |                                   |
| 29    | WEST BENGAL            | 5                                 | 7                                 | 5                                 |                                   |