: Friday, January 30, 2026 2:42 PM
Shimla. In the direction of making higher education accessible in Himachal Pradesh, Dr. Y.S. Parmar Vidyarthi Loan Scheme is a historic and visionary initiative. The objective of this scheme is to provide financial support to those talented students who have ability and hard work, but due to limited financial resources, they are deprived of higher education. This scheme has emerged as a strong support especially for the students from middle class and economically weaker families. The first Chief Minister of Himachal Pradesh, Dr. Y.S. This scheme, started in the name of Parmar, considers education as an effective medium of social empowerment. The state government has a clear view that education is not just a means of individual progress but is a strong foundation for the overall development of the society and the state. Under this thinking, under this scheme, education loan of up to Rs 20 lakh is being provided to the students at only one percent interest rate, so that they can study in reputed educational institutions in the country and abroad. Permanent resident students of Himachal Pradesh can avail the benefit of this scheme. Loan facilities have been provided for higher and professional education in India and abroad.
The main objective of the scheme is to ensure quality education by removing financial constraints of needy students. According to the eligibility conditions for this, the student’s family annual income should be up to Rs 12 lakh and must have scored minimum 60 percent marks in the previous examination. Youth up to 28 years of age are eligible for this scheme.
Dr. Y.S. Almost all major higher and professional courses are included under Parmar Student Loan Scheme, which includes courses like Engineering, Medical, Dental, Nursing, Pharmacy, Paramedical, Management (MBA), Law, ITI, Polytechnic, Technical Education, Post Graduation, Research and PhD. Apart from this, students can also study in recognized institutions abroad. The loan amount can be used for tuition fees, hostel or accommodation, books, equipment and other educational expenses.
Dr. Y.S. Due to the impact of Parmar Student Loan Scheme, positive changes are clearly visible in the field of education in Himachal Pradesh. Students from rural and remote areas can now access big and prestigious institutions of the country. The dream of higher education abroad is now coming true for students from families with limited income.
Dr. Y.S. Parmar Student Loan Scheme is not just a financial assistance program but a powerful plan for building the future. It is becoming a medium to realize those unfulfilled dreams, which once remained suppressed due to financial lack. This initiative of Himachal Pradesh Government is an inspiring example of education-based development model.
Krutika Chaudhary, a beneficiary of the scheme studying at Satyam College of Nursing, says that she belongs to a poor family. After class 2, it was not possible for him to study further due to the weak financial condition of his family, but Dr. Y.S. By availing the benefit of Parmar Student Loan Scheme, she is able to continue her nursing studies and can give a new direction to her future.
Kritika Chaudhary’s mother Santosh Kumari says that due to weak financial condition it had become difficult for her to get her daughter’s education. Dr. of Himachal Pradesh Government. Y.S. Due to Parmar Student Loan Scheme, she is able to continue her daughter’s education.
This would not have been possible without the help of the government. Deputy Commissioner Kangra Hemraj Bairwa says that Dr. Y.S. Parmar Student Loan Scheme is an important scheme run by the Government of Himachal Pradesh. Under this scheme, any student who wants to take loan for higher education is provided loan at only one percent interest rate. There is a provision to take education loan up to Rs 20 lakh in this scheme.
Talking about eligibility, it is mandatory for the student to have at least 60 percent marks and the annual income of the family should be less than Rs 12 lakh. He said that the aim of the government is to ensure that the higher education of talented and meritorious children is not hampered due to lack of funds. This scheme has been started for this purpose. He said that all the students who want to take loan for higher education must take advantage of this scheme.
He said that to avail the benefits of this scheme, information can be obtained from the Deputy Commissioner’s office or the Education Department and also from any bank. Divisional Head PNB Sanjay Dhar and Chief Manager Punjab National Bank Prithvi Ranveer say that Dr. Y.S. Parmar Student Loan Scheme can also be applied online, applicants can also apply at http://hpepass.cgg.gov.in/.
He said that to avail the benefits of this scheme, the student can apply for education loan in any recognized bank. At the time of application, necessary documents like permanent residence certificate, income certificate, educational certificate and admission letter have to be submitted.
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Web Title-Dr. YS Parmar Student Loan Scheme, Giving Wings to Dreams of Higher Education
