Introduction
Education is the key to empowerment, and financial limitations should never be a barrier to achieving academic goals. Recognizing this, the Government of Haryana has launched the Education Loan Scheme – Credit Line 2 for Minority Community. This scheme provides affordable loans to students from minority communities to pursue professional and technical education in India or abroad.
This article provides a step-by-step guide to applying for this scheme, its eligibility criteria, loan amount, interest rates, required documents, and benefits.
What is the Education Loan Scheme – Credit Line 2?
The Credit Line 2 is a special financial assistance scheme under the National Minorities Development & Finance Corporation (NMDFC). In Haryana, this scheme is implemented through the Haryana Backward Classes and Economically Weaker Sections Kalyan Nigam (HBCEWSKN).
This loan scheme is tailored for students from minority communities—Muslims, Christians, Sikhs, Buddhists, Parsis, and Jains—to help them pursue professional or technical education at recognized institutions.
Objective of the Scheme
The primary objectives are:
- To provide financial support for higher education.
- To ensure that no eligible student from a minority community is denied education due to lack of funds.
- To promote inclusive growth and educational empowerment.
Eligibility Criteria
To apply for the Credit Line 2 education loan in Haryana, the student must fulfill the following conditions:
- Residency: Must be a resident of Haryana.
- Community: Belong to a minority community (Muslim, Sikh, Christian, Buddhist, Jain, or Parsi).
- Age: Should meet the age criteria of the educational institute.
- Course: Must have secured admission in a professional or technical course from a recognized institution.
- Family Income: Annual family income should not exceed ₹6 lakh.
Loan Amount Offered
The maximum education loan provided under this scheme is:
- Up to ₹20 lakh for studies in India.
- Up to ₹30 lakh for studies abroad.
The loan covers:
- Tuition fees
- Hostel charges
- Travel expenses (for overseas studies)
- Book and equipment costs
- Other essential academic expenses
Interest Rate
The interest rate under the Credit Line 2 scheme is highly subsidized:
- 3% per annum for male students
- Nil (0%) interest for female students and physically challenged students
This makes it one of the most affordable education loan schemes in India.
Repayment Terms
- Moratorium Period: Course duration + 6 months (or 1 year after getting a job)
- Repayment Period: Up to 5 years after the moratorium ends
- Easy monthly installments (EMIs) are allowed
Documents Required
Applicants need to submit the following documents:
- Duly filled loan application form
- Proof of residence in Haryana
- Community certificate (issued by competent authority)
- Admission letter from the educational institution
- Fee structure and academic course details
- Proof of family income
- Passport-size photos
- Bank account details
- Identity proof (Aadhaar/PAN)
- Any other documents required by the implementing agency
How to Apply
Follow these steps to apply:
Step 1: Visit the Official Website
Go to the Haryana Backward Classes and EWS Kalyan Nigam portal or the NMDFC website.
Step 2: Download Application Form
Download the Education Loan – Credit Line 2 application form.
Step 3: Fill the Form
Fill in the form carefully with accurate academic, personal, and income details.
Step 4: Attach Documents
Attach self-attested copies of all required documents.
Step 5: Submit
Submit the filled form at the HBCEWSKN office or to the District Welfare Office in your area.
Benefits of the Scheme
- Affordable education for minority students
- Low or zero interest
- Large loan amount coverage
- Encourages higher education and better career prospects
- Empowers minority communities through skill development
Contact and Support
For queries or help in applying, students can contact:
Haryana Backward Classes and EWS Kalyan Nigam
Phone: [Insert contact number]
Website: [Insert official site]
Email: [Insert official email]
District Welfare Offices are also available for support in each district.
Conclusion
The Education Loan Scheme – Credit Line 2 for Minority Community is a golden opportunity for students from minority communities in Haryana to fulfill their academic dreams without worrying about financial constraints. With its easy terms, minimal interest, and wide coverage, it promotes educational equity and social upliftment.
If you’re eligible, don’t wait—apply now and secure your future!