HP Mukhyamantri Vidyarthi Protsahan Yojana: The Himachal Pradesh Government has launched a scheme recently where they have introduced some of the most sought benefits to the students. This scheme has been widely received in the education sector as it shall fuel the prevalence of higher education in the state and specifically, in the underprivileged sections. The details of the HP Mukhyamantri Vidyarthi Protsahan scheme have been announced. The scheme has been proposed for the financial year 2023 – 2024 and a heavy part of the budget has been allocated for the execution of the plan under this scheme.
The students who seek to get benefitted from this scheme must check all the information pertaining to the HP Mukhyamantri Vidyarthi Protsahan Yojana. They need to carefully analyse the purpose of the scheme and its eligibility criteria before deciding to take advantage of this scheme in the education sector. Thus, read the ensuing article thoroughly in order to obtain all the details pertaining to the benefits, eligibility, purpose, and more pertinent to Himachal Pradesh’s Mukhyamantri Vidyarthi Protasahan Yojana.
HP Mukhyamantri Vidyarthi Protsahan Yojana
The Chief Minister of the state of Himachal Pradesh, Sukhvinder Singh Sukhu has indicated that the next scheme he shall launch will work in the direction of the establishment of the prevalence of higher education in the state. He has decided to allocate a very considerable part of the budget for the financial year 2023 – 2024 for the betterment of the field of education in the state. He named the scheme, “HP Mukhyamantri Vidyarthi Protsahan Yojana“. The primary beneficiaries of this scheme shall be the students belonging to the underprivileged section of society as they are the ones who are most deprived of higher education.
In a nutshell, the scheme intends to issue loans to underprivileged students who seek to self-fund themselves for their higher education and professional literacy. The loan will be granted at a highly minimal rate of interest which is just 1%. The students will have to ensure that they are eligible as the scheme is strictly for a particular economic section in the state.
HP Mukhyamantri Vidyarthi Protsahan Yojana: Highlights
|Name of the Scheme||HP Mukhyamantri Vidyarthi Protsahan Yojana|
|Launched By||Education Loan covering fees, accommodation, and other related expenses at a rate of interest of 1%|
|Benefit||Education Loan covering fees, accommodation, and other related expenses at a rate of interest of 1%|
|Beneficiaries||Underprivileged students having a family income of less than Rs. 3 Lakh per annum|
|Courses||Engineering, Medical, Management, PhD, Courses from ITIs/Polytechnics, B.Pharmacy, Nursing, General Nursing and Midwifery (GNM), and others|
|Purpose||Upliftment of underprivileged students and promotion of higher and professional education in the state|
|Allocated Budget||Rs. 200 Crore|
|Loan to be Granted Through||Financial Institutions and Banks in the state|
|Application Status||To be Active Soon|
Himachal Mukhyamantri Vidyarthi Protsahan Yojana Aim
The Chief Minister of the Himachal Pradesh State, Sukhvinder Singh Sukhu mentioned the scheme while declaring the budget of state for the financial year. He mentioned, “Our Government will provide financial assistance to such poor children of the State, who are unable to pursue higher and professional studies due to paucity of resources. I announce to start “Mukhya Mantri Vidyarthi Protsahan Yojana” with the proposed expenditure of Rs.200 crore.
Under the scheme, eligible poor children will be given education loans through financial institutions/banks at the interest rate of 1 per cent to pursue engineering, medical, management, PhD, courses from ITIs/Polytechnics, B.Pharmacy, nursing, General Nursing and Midwifery (GNM) etc. Our Government will ensure that no poor child of the State is deprived of higher/professional education for want of financial resources.”
The aim of the scheme is to eliminate the possibility of deprivation of the underprivileged classes in the higher education sector due to the unavailability of necessary financial support. The scheme intends to support the state in the field of literacy and create a better platform for these students of the state by providing them with the necessary amenities in order to boost the section of educated youth and uplift the financially backward classes in the state.
HP मुख्यमंत्री विद्यार्थी प्रोत्साहन योजना Budget Details
The Cheif Minister of the state of Himachal Pradesh, Sukhvinder Singh Sukhu has declared that the budget for the fiscal year 2023 – 2024 includes the allocation of Rs 2,233 crore for the welfare of students, women, and other weaker sections of the society.
This scheme not only intends to support the students but also uplift the financially unstable section of society. For this purpose, the state has made a provision of allotting Rs 200 Crore to the HP Mukhyamantri Vidyarthi Protsahan Yojana.
हिमाचल मुख्यमंत्री विद्यार्थी प्रोत्साहन योजना Benefits
The authorities at the Himachal Pradesh Government have released the following details regarding the benefits that can be availed of the HP Mukhyamantri Vidyarthi Protsahan Yojana:
- The students can apply for a complete loan in order to fund their higher or professional education.
- The loan will be granted at a rate of interest of 1%.
- Himachal Government will collaborate with the Financial institutions and Banks in the state in order to provide the loan.
- Chief Minister has declared that the clause of the rate of interest has been intended to imply the motivation and drive in the students pertaining to education and returning the amount back to the Government.
- The loan will cover all the expenses pertaining to education which can be tuition fees, accommodation, locomotion, and others.
Eligibility for HP Mukhyamantri Vidyarthi Protsahan Yojana
The students who are willing to apply for the हिमाचल मुख्यमंत्री विद्यार्थी प्रोत्साहन योजना must satisfy the ensuing conditions of eligibility:
- The student must be domiciled in the state of Himachal Pradesh.
- Applicant must be pursuing engineering, medical, management, PhD, courses from ITIs /Polytechnics, B.Pharmacy, nursing, General Nursing and Midwifery (GNM), or any such recognised institutions.
- The income of the family to which the candidate belongs must be less than Rs. 3 Lakh per annum.
HP Scholarship Documents Required
The candidates who are seeking to apply for the scheme of Mukhyamantri Vidyarthi Protsahan Yojana in Himachal Pradesh must ensure that they have the following documents when they seek benefits through the scheme:
- Aadhar Card of the Student
- Caste Certificate, if applicable
- Birth Certificate
- Mark sheets of Classes 10 and 12
- Admission documents into the applicable higher or professional education courses
- Fee, Accommodation, and proof of expenses pertaining to education
- Income Certificate of the Family or any other respective document to prove that the annual income of the family is less than Rs. 3 Lakh
Apply for HP Mukhyamantri Vidyarthi Protsahan Yojana
The application process for the HP Mukhyamantri Vidyarthi Protsahan Yojana has not been intimated as of now by the authorities at the Himachal Pradesh Government. In order to implement the scheme, the authorities might launch a portal or an online page in order to deliver the information. It is anticipated that the application process can proceed in online mode.
However, in case it happens to be offline, the applicants will have to accordingly visit the designated offices in order to obtain and submit the application form in order to apply for this loan scheme.
|Official Portal||Himachal Pradesh Government|
|Check||Himachal Pradesh Budget 2023 – 2024 Document pdf|
|Download||HP Mukhyamantri Vidyarthi Protsahan Yojana document pdf (To be Released)|
HP Mukhyamantri Vidyarthi Protsahan Yojana is the scheme under which the Cheif Minister of Himachal Pradesh, Sukhvinder Singh Sukhu has declared that the underprivileged students of the state will be able to get a loan for higher and professional education at 1% interest rate.
The students who belong to an underprivileged section of society and have a family income of less than Rs. 3 Lakh per annum.