Padho Pardesh Scheme- The Padho Pardesh Yojana, sponsored by the Ministry of Minority Affairs in collaboration with the Government of India and the Indian Banks’ Association (IBA), aims to encourage minority students to pursue higher education abroad through loan subsidies.
This initiative aims to reduce the financial load on students who want to study abroad, ensuring that economic restraints do not deter them. To benefit from this generous program, applicants must demonstrate financial necessity, with a family income of no more than Rs 6 lakh per year, as confirmed by an income certificate provided by the corresponding state government.
Padho Pardesh Scheme 2025
Padho Pardesh Scheme is validated by a self-declaration or certificate recognizing the individual’s status as a member of a minority group, as stated in Section 2(C) of the National Commission for Minorities Act of 1992.
By meeting these standards, students can gain access to substantial financial aid, allowing them to embark on their educational journey abroad with less financial hardship. This project demonstrates the government’s commitment to fostering educational equality and ensuring that students from all backgrounds have the opportunity to pursue their academic goals on a global scale.
Padho Pardesh Scheme Overviews
| Authority Name | Ministry of Minority Affairs, Govt of India |
| Scheme Name | Padho Pardesh Scheme for Minorities |
| Loan Amount | Rs 20 Lakh (max) |
| Beneficiary | All Minority Communities |
| Category | Govt Schemes |
| Official Website | www.minorityaffairs.gov.in |
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Padho Pardesh Yojana Objectives
The Padho Pardesh Scheme was launched by the Central Government of India to help abroad students pursue higher education. This program provides interest subsidies to minority students pursuing M.Phil, Master’s, or Ph.D. degrees overseas. Its major purpose is to assist talented students from financially disadvantaged origins in the designated minority communities by providing they have access to great higher education possibilities abroad, hence improving their employment chances.
Benefits of Padho Pardesh Program
- Monetary Assistance: The Padho Pardesh project offers an interest discount on educational loans, greatly reducing the cost of abroad study for minority students.
- Expanding Educational Opportunities: This overseas education initiative is intended to enable minority students from varied backgrounds to pursue their dream of studying abroad without the constraints of financial means.
- Enhanced Career Prospects: Pursuing higher education abroad provides students with greater professional alternatives. The Padho Pardesh initiative aids minority students in achieving their professional goals.
- Growth in Personal and Professional Capacities: Studying abroad provides students with significant opportunity for personal and professional development. The Padho Pardesh project aims to help minority students improve their competences and understanding within an international context.
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Eligibility Criteria
- The student must have obtained admission abroad to one of the recognized Ph.D., MPhil, or Master’s programs.
- The student must have obtained an education loan from a bank affiliated with the Indian Banks Association (IBA).
- If a student intends to benefit from the initiative, he or she must do so during the first year of the degree.
- Students cannot use the benefits in their second or following years.
- Applications with lower interest rates will be given preference.
- If available, financial benefits should be connected to the Aadhaar number.
- The combined income of the student’s parents or guardians should not exceed Rs. 6 lakh per year.
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Rate of Interest Subsidy
- The Indian government will pay the interest under the scheme while the moratorium is in effect.
- The moratorium period is typically the term of the course plus six months or one year after landing a job.
- Following the moratorium period, the student must pay the pending interest on the outstanding loan balance.
- Following the moratorium period, the student must pay both the interest and the principle sum.
Documents Need for Padho Pradesh
- Completed Padho Pradesh ProgramApplication
- Course entry card
- Passport
- Certificate of yearly earnings
- Application for Educational Loan
- Aadhaar card
- Bank passbook/PAN card
- Photograph of passport dimensions
- Contact number
- Email address and Signature, among others.
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Conclusion
The Government of India introduced the Padho Pardesh plan to grant interest subsidies to meritorious students from minority communities. The plan enables students to complete their higher education overseas. The Central Government started the plan with the primary goal of giving an interest subsidy to deserving students from economically disadvantaged backgrounds. Scholarships help minority students pursue higher education abroad and improve their job prospects.
Padho Pardesh Scheme FAQ’S
What are the benefits of Padho Pardesh scheme?
The government introduced the Padho Pardesh plan, which provides an interest subsidy to qualifying meritorious students from economically disadvantaged backgrounds. This initiative offers scholarships to minority community youngsters to pursue higher education abroad and enhance their work possibilities.
What is the maximum loan limit for Padho Pardesh scheme?
IBA's Model Scheme allows for a maximum loan of Rs.20 lakh for studying overseas.
Which ministry is responsible for Padho Pardesh scheme?
Since its start, the scheme has benefited 20,365 beneficiaries. Currently, there is no proposal to review the continuation of the Padho Pardesh Scheme. Smriti Zubin Irani, Union Minister of Minority Affairs, provided this information in a written Lok Sabha reply.
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