Overview

The scheme “Maulana Azad Education Finance Foundation Scheme” was launched by the Minority Welfare Department, Government of Uttarakhand. It aims to provide interest-free loans to students from minority communities for higher education.

Benefits

Interest-free loans of up to ₹5 lakh for pursuing higher education in India or abroad.

Eligibility

• Permanent resident of Uttarakhand.
• Belong to a minority community (Muslim, Sikh, Christian, Parsi, Buddhist, or Jain).
• Age between 18 and 35 years.
• Passed Class 12.
• Enrolled in a recognized university/college/institute.
• Annual family income not exceeding ₹2,50,000/-.
• Repayment required within 3 years after completion of education or gaining employment.

Application Process

Offline

Application forms must be submitted to the district office by August 31. Applications are reviewed by a selection committee. Proposals are approved within the financial year’s budget limit.

Documents Required

For the Applicant:

• Aadhaar Card and Residence Certificate
• Minority Proof and Birth Certificate
• Marksheet of last year and College Admission Certificate
• Fee structure and College ID
• Nationalized Bank Passbook
• Affidavit (first-time loan)

For the 2 Guarantors:

• Salary/Income Certificate and PAN card
• Aadhaar Card, Ration Card, and Photos
• Status certificate/report