If you are someone who is interested in travelling abroad for studying after you have completed the UG degree in India and you belong to the OBC or EBC category then you can apply for the Dr Ambedkar Central Sector Scheme 2024. This is a very prestigious scheme presented by the organization of the Indian government in order to help the people who are trying to set foot outside India in order to continue their higher education and want to get some monetary help. Check out the details related to the eligibility criteria and conditions from the article provided below and we will also share with you all the registration procedures under this scheme.
About Dr Ambedkar Central Sector Scheme 2024
Dr Ambedkar Central Sector Scheme was created to provide educational loans for people who are traveling overseas to promote educational advancement and this scheme is provided especially for the people belonging to the OBC and EBC categories. The main objective of this is schemes to provide proper opportunities to the people who are doing really well in their educational aspect but want to continue their higher education in some place other than India. This scheme will help people to identify their talents and it will also increase the employability of human resources from India. This is a Central Sector Scheme to provide interest subsidy to the student belonging to the OBCs and EBCs on the interest payable for the period of the moratorium for the Education Loans for overseas studies to pursue approved courses of studies abroad at Masters, M.Phil. and Ph.D. level.
Also Read: MOMA Scholarship
Eligibility Criteria
The applicant must follow the following eligibility criteria to be eligible for the opportunity:-
- The students should have secured admission in the approved courses at Masters, M.Phil, or Ph.D. levels abroad for the courses listed.
- He/She should have availed loan from a scheduled bank under the Education Loan Scheme of the Indian Banks Association (IBA) for the purpose.
- For the candidate applying under the OBC category, the OBC Caste certificate in the prescribedd Performa (as per Annexure) issue by the competent authority must by the Banks.
- For OBC candidates, total income from all sources of the employed candidate or his/her parents/guardians in case of the unemployed candidate shall not exceed the present Creamy Layer criteria that is less than rupees 800000.
- For EBC candidates, the total income from all sources of the employed candidate or his/her parents/guardians in case of unemployed candidate shall not exceed Rs. 5 lakh per annum.
- Under this Scheme, an Income certificate is produced by the student for availing Educational Loan viz. ITR/Form 16/Audited Accounts/Income certificate issued by the authority of State Government/UT Administration is acceptable to determine Income ceiling.
Terms And Conditions
The applicant must follow the following terms and conditions to be eligible for the prestigious opportunity:-
- The Scheme is applicable for higher studies abroad. The interest Subsidy shall link with the existing Educational Loan Scheme of the Indian Banks Association (IBA) and be restricted to students enrolled for courses at Master, M.Phil, and Ph.D level.
- The interest subsidy under the scheme shall be available to the eligible students only once, either for Masters or Phd levels.
- Interest subsidy shall not be available to those students who either discontinued the course mid-stream due to any reason, or those who are expelled from the institutions on disciplinary or academic grounds.
- If a student violates any condition of the scheme, the subsidy will be discontinued forthwith.
- If a student is found to have obtained the subsidy by false statement/certificates, the subsidy will be withdrawn/ canceled forthwith and the amount of the subsidy paid shall be recovered with penal interest, apart from taking criminal action as per law.
- The students obtaining benefits under this Scheme shall not be given the interest subsidy if he gives up Indian citizenship during the tenure of the loan.
- The scheme will be available on a preferential basis for the professional courses first.
Dr Ambedkar Central Sector Scheme 2023 Registration Process
If you want to register yourself then you will have to follow the simple procedure given below:-
- You will first have to visit the Dr Ambedkar Central Sector website of the scheme by clicking on the link given here
- The homepage will open on your screen
- Read the details related to the scheme carefully
- Now you have to click on the option called Register
- A new page will open on your screen. We will have to enter your mobile number and the verification code.
- Accept the terms and conditions and click on get OTP to register your mobile number so that you can create an account on the official website.
Also Read: National Overseas Scholarship
Check Eligibility
If you want to check the eligibility then you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The homepage will open on your screen
- Read the details related to the scheme carefully
- Now you have to click on the option called Check Eligibility
- A new page will open on your screen
- You have to set the location and your gross family income
- Select your social security details and then select the course
- You have to select the length of the course and then select the type of the course
- Enter your course fees and the amount that you want to invest now
- You have to click on the option called Calculate Eligibility to calculate your eligibility.
Login Process
To log in at the official website you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The homepage will open on your screen
- Read the details related to the scheme carefully
- Now you have to click on the option called Login
- A new page will open on your screen where you can enter your email address
- Enter the captcha code and click on the login button to log in successfully.
- If you want to log in as another user then you have to click on the other user login and then enter the details related to your credentials to log in successfully.
File A Complaint
If you want to file a complaint then you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The homepage will open on your screen
- Read the details related to the scheme carefully
- Now you have to click on the option called Grievances
- A new page will open on your screen. We will have to fill out the application form by selecting your query and entering the specifications related to your personal information.
- Make sure to explain your complaint thoroughly.
Contact Details
- For borrowers
- grievance@jansamarth.in
- 79690 76111
- For bankers
- bank.support@jansamarth.in
- 79690 76123