Govt Schemes and Programs

Name of Scheme

Mukhya Mantri Nihshaktjan Shiksha Rin (Loan) Yojana

Type of Scheme

Loan, education

Sector

Education

Name of Ministry

Department of Social Welfare, Government of Bihar

About the Scheme

The Mukhya Mantri Nihshaktjan Shiksha Rin (Loan) Yojana offers loans to students suffering from disabilities for pursuing higher professional education. These include degree, diploma or other equivalent recognised technical and commercial courses recognised by Government of India, State Government, Universities Grants Commission, All India Council for Technical Education and Indian Council of Medical Research. The Bihar State Backward Class Finance and Development Corporation is the nodal agency for executing this scheme. How to Access Applications for the loans can be submitted to the Managing Director, Bihar State Backward Class Finance and Development Corporation. The applicant should submit an admission certificate issued by the institution along with the application form. In this regard the beneficiary has to submit a bonafide certificate issued by the institution in the format provided by the corporation. The selection of the beneficiary is held by the Corporation after checking of all essential criteria(Government of Bihar, n.d.).

Benefits Under the Scheme

Under the Scheme, loans up to Rs. 5 lakh can be availed by the beneficiary at soft interest rates of four per cent. The loan amount is disbursed by the Bihar State Backward Class Finance and Development Corporation through the concerned educational institution. The loan amount can be used by the beneficiary for payment of entrance, tuition or examination fees or hostel fees, purchase of books, stationary or any other important thing associated with the course(Government of Bihar, n.d.) " This scheme has been sanctioned for providing higher education to the persons with disabilities at the simple interest of 4% for higher professional education(Government of Bihar, n.d.).

Eligibility Criteria

The beneficiary should be a resident of Bihar, should be in the age-group of 18-30 years and should be suffering from at least 40 percent disabilities. The loans would be provided to only those disabled students who wish to pursue degree/diploma courses from institutions recognised by the Central or the State Government.

Concerned Agency Institutions

1) Bihar state backward class finance and development corporation

2)Directorate of social security and disability

Name Of Person

n.a.

Designation

1) Managing Director 2) Director

Address

4th Floor Sone Bhawan Birchand Patel Marg Patna 800001

Email

1) bsbcfdcpatna@rediffmail.com

2)dirssdd-bih@nic.in

Phone

1) 0612-2506579, 0612-2200536, 0612-2231815 2)0612-6455479, Mobile: 9431402479

Fax

1)0612-2226099 2)0612-2231371

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