What do you get under Parmar 1% education loan?
Education loan of up to ₹20 lakh from a scheduled bank in Himachal Pradesh at an effective interest of just 1%, because the state pays the rest of the interest as a subsidy.
The Directorate page gives the main conditions (₹20 lakh, 1% interest, ₹12 lakh family income, age 28) but not the step-by-step claim process. Confirm the current form and procedure with the Directorate of Higher Education or your bank.
Who is eligible for Parmar 1% education loan?
- Bonafide Himachali students taking professional, technical or higher education: engineering, medical, management, para-medical, pharmacy, nursing, law, ITI and polytechnic diploma or degree courses, and post-graduation or PhD in institutions recognised by AICTE, NMC, PCI, INC, BCI, UGC and similar bodies.
- Study in India or abroad; both fresh admissions and students already enrolled can apply.
- Annual family income not more than ₹12 lakh.
- Not older than 28 years on the date of admission or registration.
Also check:
- The loan must come from a scheduled bank located in Himachal Pradesh.
- The loan can cover tuition fee, boarding and lodging, books and other education costs, up to ₹20 lakh in all.
Documents needed for Parmar 1% education loan
0 of 7 ready
Offices may ask for more. Check the official list before you go.
How to apply for Parmar 1% education loan
- Get admission in a recognised course and apply for an education loan at a scheduled bank branch in Himachal Pradesh.
- Tell the bank you want the loan under the Dr. Y.S. Parmar Vidyarthi Rin Yojna and keep your bonafide Himachali certificate, family income certificate (from the Tehsildar or Executive Magistrate) and admission letter ready.
- Send the interest subsidy application to the Directorate of Higher Education, Shimla, as the Directorate instructs. UCO Bank, The Mall, Shimla is the nodal bank that processes the subsidy claims.
How to check Parmar 1% education loan status
- Ask your loan branch whether the interest subsidy has been credited, or contact the Directorate of Higher Education, Shimla.
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Common questions
Who is eligible for Parmar 1% education loan?
Bonafide Himachali students taking professional, technical or higher education: engineering, medical, management, para-medical, pharmacy, nursing, law, ITI and polytechnic diploma or degree courses, and post-graduation or PhD in institutions recognised by AICTE, NMC, PCI, INC, BCI, UGC and similar bodies. Study in India or abroad; both fresh admissions and students already enrolled can apply. Annual family income not more than ₹12 lakh. Not older than 28 years on the date of admission or registration.
How much do I get under Parmar 1% education loan?
Education loan of up to ₹20 lakh from a scheduled bank in Himachal Pradesh at an effective interest of just 1%, because the state pays the rest of the interest as a subsidy. The Directorate page gives the main conditions (₹20 lakh, 1% interest, ₹12 lakh family income, age 28) but not the step-by-step claim process. Confirm the current form and procedure with the Directorate of Higher Education or your bank.
What documents do I need for Parmar 1% education loan?
Domicile or residence certificate of the state; Income certificate; Proof of admission or fee receipt; Education certificates (marksheets); Aadhaar card (linked to your mobile number); Bank passbook or account details (Aadhaar-seeded account); Passport-size photo.
How do I apply for Parmar 1% education loan?
Get admission in a recognised course and apply for an education loan at a scheduled bank branch in Himachal Pradesh. Tell the bank you want the loan under the Dr. Y.S. Parmar Vidyarthi Rin Yojna and keep your bonafide Himachali certificate, family income certificate (from the Tehsildar or Executive Magistrate) and admission letter ready. Send the interest subsidy application to the Directorate of Higher Education, Shimla, as the Directorate instructs. UCO Bank, The Mall, Shimla is the nodal bank that processes the subsidy claims. Official site: https://education.hp.gov.in/state-sponsored-schemes/
How do I check Parmar 1% education loan status?
Ask your loan branch whether the interest subsidy has been credited, or contact the Directorate of Higher Education, Shimla.
Do I have to pay anyone to apply for Parmar 1% education loan?
No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.
What is the interest rate under the Dr. Y.S. Parmar Vidyarthi Rin Yojna?
Students pay just 1%. The Himachal government pays the rest of the bank interest as a subsidy, on loans up to ₹20 lakh.
What is the income limit for the Parmar education loan?
Family income must not be more than ₹12 lakh a year, and the student must be 28 or younger on the date of admission or registration.
Can I use the Parmar loan to study abroad?
Yes. The Directorate of Higher Education says the scheme covers education in India and abroad.
Official sources
Last checked 1 November 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.