Mukhya Mantri Gyandeep Yojna / Education Loan Himachal Pradesh 2021

The state government has started a new “Mukhya Mantri Gyandeep Yojna” to all those Himachali Bonafide students who wants to avail educational loan, to pursuing professional/technical courses and higher education courses from any recognized institutions from any bank.

The UCO Bank (United Commercial Bank) will be the nodal bank for this scheme. Under this interest subsidy scheme Himachali students can avail up to the maximum of Rs.10 lakh for pursuing the higher studies. The interest subsidy of 4% per annum on this education loan will be allowed.

The objective of the scheme is to providing financial support to Himachali students for pursuing higher education. Therefore, it is informed to all the Himachali students to avail the benefit of the scheme Mukhya Mantri Gyandeep Yojna directly from the any bank.

The guidelines and all the information about scheme are available online on the HP e-Pass official portal and the departmental website

Mukhya Mantri Gyandeep Yojna

Organisation: Director of Higher Education, Himachal Pradesh

Notification: Mukhya Mantri Gyandeep Yojna 2019-20


Academic Year: 2019-20

Address: Directorate of Higher Education, Himachal Pradesh – Shimla-171001

Contact Phone Number: 0177-2656621

Contact Email Address:

Objective of the Scheme:

Providing financial support in the form of interest subsidy on Education Loans availed from Banks by Himachali Students for pursuing Higher Education in India and Abroad. The scheme shall be applicable for educational loans disbursed from the academic year 2019-20 irrespective of the date of sanction of education loan.

Eligibility Criteria for MMGY 2019-20:

• Student must be a Bonafide Himachali. A copy of certificate of Bonafide Himachali will be submitted by the student to the concerned Bank/Branch.

• Student can avail the Education Loan from any Bank for pursuing professional/technical courses and Higher Education courses from recognized Institution in India.

• Interest subsidy is admissible on Education loan availed up to the maximum of Rs. 10 (ten lakh only) for pursuing Higher Studies in India.

Interest Subsidy: Interest subsidy to the extent of 4% p.a. on Education Loan will be allowed. The interest subsidy shall be available to eligible students only if no other interest subsidy on Education Loans is availed under any other scheme of State Government/Government of India.

How to Apply MMGY 2019-20: Candidates may apply for education through any bank directly or you can also apply from the education department.

Click Here to Apply Online
Click Here for Guidelines

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