The objective of this scheme is to provide financial/loan assistance to the students belonging minority communities. Who are pursuing graduate or postgraduate degree courses in recognized universities abroad or prestigious institution’s such as IIM’S, IIT’S and IISC in India.
Subsidy
To whom / eligible ?
Whom
Eligibility
The student should be a resident of Karnataka State.
The student should belong to a minority community (Muslim, Christian, Jain, Buddhist, Sikh and Parsi).
The student must have secured at least 60% marks in the previous year.
Should have received an offer letter from a foreign university.
Loans will be provided only on mortgage of property (building/land) to the corporation. The value of the property should not be less than the loan amount.
The students who have not received a scholarship from the Directorate of Minorities will be eligible to apply for an overseas education loan.
If Student’s family income is above Rs 8.00 lakhs, to Rs 15.00 lakhs, then the loan amount will be provided up to Rs 10 lakhs on 5% interest rate.
