Indian Government offering Scholarships for Overseas Education
Scholarships! It is one of the best ways to fund and reduce the overall cost of your higher education in foreign countries. To attract some of the brightest minds, governments and foreign universities across the globe offer various scholarships to deserving students. Right from partially funded scholarship, country-specific scholarship, course-specific scholarship to fully funded scholarship, students can apply for as many numbers of scholarships available according to their overall profile.
The government of India has introduced multiple scholarships for studying abroad to support Indian students in pursuing their higher education.
Listed below are the some of the popular scholarships and Interest subsidy scheme offered by Indian Government for aspiring students:
Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Education Loan for OBCs and EBCs
The government of India introduced this Central Sector Scheme for the students belonging to Other Backward Classes (OBCs) and Economically Backward Classes (EBCs). This scheme provides students with interest subsidy based on the interest payable for the period of moratorium for the overseas education loan. Only students who have secured admission in the approved courses at Masters, M.Phil or Ph.D levels can apply for this scholarship.
Padho Pardesh – Scheme of Interest Subsidy on Education Loan for the students belonging to Minority Communities
This scheme is a part of The Prime Minister’s New 15 Point Programme for the Welfare of Minorities. It provides scholarships for meritorious students from minority communities. It is applicable for higher studies and the interest subsidy shall be linked with the existing Educational Loan Scheme of Indian Banks Association. Students who have enrolled for courses at Masters, M.Phil and Ph.D levels are eligible to apply for this scholarship.
National Overseas Scholarship for Scheduled Caste Students
Every year 100 scholarships are given to the students belonging to Scheduled Castes, Denotified Nomadic and Semi-Nomadic Tribes, Landless Agricultural Labourers and Traditional Artisans for pursing their higher education abroad. To be eligible to apply for this scholarship, a student should have scored at least 60% in the qualifying examination. He/she should not be more than 35 years of age and the annual family income should not exceed than 8 lakh in the preceding year. The scholarship is applicable only for the first 1000 universities as per QS World Ranking.
National Overseas Scholarship for Scheduled Tribes Students
Government of India awards this scholarship to the aspiring students of the ST and NT category. Every year 20 students are awarded with this scholarship for funding their higher education. Students who have secured admission for masters, M.Phil or Ph.D. are eligible to apply for National Overseas Scholarship. The scholarship is applicable only on applying for the first 1000 universities as per QS World Ranking.
Maharashtra Govt Scholarship for Open Category students for overseas studies
The government of Maharashtra introduced scholarships for the students of open category for the first time in 2018 to pursue their higher education in foreign countries. To be eligible to apply for this scholarship, the student must have scored at least 60% in the undergraduate degree and the annual income of his/her parents should be less than 20 lakhs.
So, these were few scholarships available for aspiring students who are willing to pursue their higher education in foreign countries. Now a days, with a plethora of funding options available for your higher studies, your dream of studying abroad can be fulfilled. Apart from government scholarships, there are number of foreign universities offering scholarships for higher education.
Do a thorough research as to find out as to which scholarship is suitable for your academic profile and submit the application. For any kind of assistance for overseas education loan process or for any query relating to your foreign application do visit us.