Sarkari Yojana
Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses
About Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses
“Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses” supports the children of teachers/lecturers serving in government and aided primary, secondary, graduate and post-graduate institutions. By meeting the interest on education loans taken for vocational courses in medicine and engineering, postgraduate courses included, it lightens the financial load on these families.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses, applicants must satisfy the following conditions:
The parent must be a teacher/lecturer in a…
The parent must be a teacher/lecturer in a government or aided institution and must hold life membership of the Welfare Fund.
The student must have cleared every year or…
The student must have cleared every year or semester of the course at the first attempt.
The student must have completed 1st to 10th…
The student must have completed 1st to 10th standard in government or aided schools in Karnataka.
The student must have taken an education loan…
The student must have taken an education loan from a nationalized bank for professional study in medicine or engineering.
The loan must be for a course pursued…
The loan must be for a course pursued in India.
Just one child from a family can receive…
Just one child from a family can receive the assistance.
Only students in the final year of vocational…
Only students in the final year of vocational medical, engineering or postgraduate programmes qualify.
Benefits Provided
Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses provides the following benefits to eligible applicants:
A one-time grant of up to ₹50,000/-…
A one-time grant of up to ₹50,000/- meets the interest portion of education loans taken from nationalized banks.
Note
Note: The amount sanctioned is credited straight to the borrower's bank account.
Documents Required
Applicants should keep the following documents ready before starting the application:
Certified mark sheets for every year/semester of the…
Certified mark sheets for every year/semester of the course.
Evidence of the education loan taken from a…
Evidence of the education loan taken from a nationalized bank
Receipt for fees paid
Receipt for fees paid
The teacher's life membership (LMS) card, attested by…
The teacher's life membership (LMS) card, attested by the head of the institution.
Evidence of schooling from 1st to 10th standard,…
Evidence of schooling from 1st to 10th standard, certified by the school head and the Taluk Constituent Education Officer.
HRMS copy, or the recruitment approval for teachers…
HRMS copy, or the recruitment approval for teachers of aided institutions.
Bank passbook attested by a notary
Bank passbook attested by a notary
Particulars of the loan, including the loan account…
Particulars of the loan, including the loan account number and the interest paid
How to Apply
Offline Application
Applicants can apply for Financial Assistance to the Teachers/Lecturers Children who taken loan from Nationalised Banks for studying Medical/Engineering Courses through the offline application process outlined below.
Application Process
Step-1: Get the prescribed application form from the School Education department website.
Step-2: Enter the particulars of both the student and the teacher in the form.
Step-3: Enclose the necessary documents, such as certified mark sheets, loan details, the teacher's HRMS copy and proof of schooling.
Step-4: Have the proposal recommended by the Controlling Officer and the head of the institution concerned.
Step-5: Lodge the full application with all certified documents at the Karnataka State Teachers' Welfare Fund office.
Step-6: Ask the Karnataka State Teachers' Welfare Fund office for a receipt or acknowledgment of your application, and check that it records the date and time of submission and a unique identification number (if applicable).
Exclusions / Who Is Not Eligible
- The retired teacher's children are not eligible for this scheme.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.