Padho Pardesh — Education Loan Interest Subsidy for Minorities (Overseas)

iAbout This Scheme

Padho Pardesh provides interest subsidy on education loans taken by minority students for studying abroad at the Masters and PhD level. The government bears the full interest on education loans during the moratorium period (course duration + 1 year), making overseas higher education accessible for economically weaker minority students.

🎁Key Benefits

• 100% interest subsidy on education loan during moratorium period
• Moratorium period: course duration plus 1 year (or 6 months after getting job)
• Applicable on loans from scheduled banks under IBA model
• Covers Masters, MPhil, and PhD programmes abroad
• No income ceiling for loan; interest subsidy capped for income ≤ ₹6 lakh/year

✅Eligibility Criteria

• 1
  Student from notified minority community
• 2
  Education loan from a scheduled commercial bank
• 3
  Admission through merit to foreign institution

📝How to Apply

❓Frequently Asked Questions