Sarkari Yojana
Maulana Azad Education Finance Foundation Scheme
About Maulana Azad Education Finance Foundation Scheme
The Minority Welfare Department, Government of Uttarakhand, launched the “Maulana Azad Education Finance Foundation Scheme”. It gives students belonging to minority communities interest-free loans so that they can pursue higher education, whether in India or abroad.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Maulana Azad Education Finance Foundation Scheme, applicants must satisfy the following conditions:
Only permanent residents of Uttarakhand can apply
Only permanent residents of Uttarakhand can apply.
Applicants have to be from a minority community,…
Applicants have to be from a minority community, namely Muslim, Sikh, Christian, Parsi, Buddhist, or Jain.
The applicant's age must be in the range…
The applicant's age must be in the range of 18 to 35 years.
Class 12 must already be passed
Class 12 must already be passed.
The student should be enrolled in, or admitted…
The student should be enrolled in, or admitted to, a university/college/institute that has recognition from the Central Government, State Government, or another competent authority.
Income of the applicant's family from all sources…
Income of the applicant's family from all sources in a year must not be more than ₹2,50,000/-.
The loan has to be paid back within…
The loan has to be paid back within 3 years of finishing education or of getting a job, whichever happens first.
Benefits Provided
Maulana Azad Education Finance Foundation Scheme provides the following benefits to eligible applicants:
Minority community students can borrow up to ₹5…
Minority community students can borrow up to ₹5 lakh without interest to study further in India or abroad.
Documents Required
Applicants should keep the following documents ready before starting the application:
For the Applicant:
A colour photograph
A colour photograph
Applicant's Aadhaar Card
Applicant's Aadhaar Card
Certificate of permanent residence
Certificate of permanent residence
Certificate proving minority status
Certificate proving minority status
Birth proof
Birth proof
Last year's marksheet
Last year's marksheet
Certificate of admission from the college/institution
Certificate of admission from the college/institution
Structure of fees
Structure of fees
Identity card of the college
Identity card of the college
Passbook of a nationalized bank
Passbook of a nationalized bank
An affidavit stating that this is the first…
An affidavit stating that this is the first time the loan scheme is being used For the 2(two) Guarantors:
Certificate of salary or income
Certificate of salary or income
PAN card
PAN card
Photographs of the guarantor
Photographs of the guarantor
Aadhaar Card
Aadhaar Card
Ration Card
Ration Card
Status certificate or report
Status certificate or report
How to Apply
Offline Application
Applicants can apply for Maulana Azad Education Finance Foundation Scheme through the offline application process outlined below.
Application Process
Applications are made offline at present: collect the form from the district office and hand it back at the same office by August 31.
The form must be accompanied by a recent passport-size colour photograph, the Aadhaar card, permanent residence certificate, minority certificate, birth certificate, previous year's mark sheet, the college or institute admission certificate, fee structure, college identity card, nationalized bank passbook, and an affidavit that the loan scheme is being used for the first time. The guarantors' papers, namely salary or income certificate, PAN card, recent photograph, Aadhaar card, ration card, and status certificate report, also need to be enclosed.
By September 15, the district office sends the applications to the corporation headquarters, where they are put before the selection committee set up by the Government of Uttarakhand. When the loan selection committee approves a case, the sanctioned amount is sent to the account of the district concerned as per the applicant's need, and the district office then pays it straight into the applicant's bank account.
Approvals are limited to the budget available for the financial year, and applications beyond that limit are automatically treated as cancelled.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.