Financial Assistance to Economically Backward Class Children (Download PDF)

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For empowerment of Economically Backward Classes (EBCs), following two Schemes are being implemented from 2014 - 15 by the Ministry of Social Justice and Empowerment: Dr. Ambedkar Centrally Sponsored Scheme of Post-Matric Scholarship for Economically Backward Classes (EBCs) Students

Image of Backward Class Children

Image of Backward Class Children

Image of Backward Class Children

  • Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for the Students belonging to Other Backward Classes (OBCs) and Economically Backward Classes (EBCs).

Dr. Ambedkar Centrally Sponsored Scheme of Post-Matric Scholarship for Economically Backward Classes (EBCs) Students

  • Centrally sponsored scheme implemented through the State Government and Union Territories
  • Objective to provide financial assistance to the EBC students studying at post-matriculation or post-secondary stage.
  • Income ceiling of parents and guardians for eligibility is Rs. 1.00 lakh per annum including self-income, if employed.

Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for the Students Belonging to the Other Backward Classes (OBCs) and Economically Backward Classes (EBCs)

  • Objective to award interest subsidy to meritorious OBC and EBC students to provide them better opportunities for higher education abroad and enhance their employability.
  • Eligible students should come under the income ceiling of Rs. 3.00 lakh per annum for OBCs and Rs. 1.00 lakh for EBCs with 50 % of the outlay every year is earmarked for Girl students.
  • Students to have secured admission in the approved courses at Masters, M. Phil. or Ph. D. levels abroad.
  • Student should have availed loan from a scheduled bank under the Education Loan Scheme of the Indian Banks Association (IBA).
  • Interest payable by students for the period of moratorium (i. e. course period, plus one year or six months after getting job, whichever is earlier) is borne by the Government.
  • After period of moratorium, interest on the outstanding loan amount is paid by the student- bearing the Principal instalments and interest beyond moratorium period.

- Published/Last Modified on: September 9, 2017

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