Question : Dr. Ambedkar Interest Subsidy on Educational Loan

GOVERNMENT OF INDIA
MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT
LOK SABHA

UNSTARRED QUESTION NO.1420
TO BE ANSWERED ON 07.12.2021

DR. AMBEDKAR INTEREST SUBSIDY ON EDUCATIONAL LOAN
1420. SHRIMATI POONAM MAHAJAN:
SHRI G.M. SIDDESHWAR:

Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:
(a) the aims and objectives of Dr. Ambedkar Scheme of Interest Subsidy on Educational Loan for Overseas Studies for OBCs and EBCs;
(b) whether a very meagre amount has been released out of the huge allocation made for this purpose;
(c) if so, the details of the allocation and release of funds during the last three years, particularly to Maharashtra;
(d) the reason for release of such paltry sums when allocations were very high; and
(e) the candidates who have benefitted, and the reasons for rejecting applications, if any, the details thereof, State-wise?

ANSWER

MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT
(SUSHRI PRATIMA BHOUMIK)

(a) : The objective of the scheme is to make the overseas education affordable to the students belonging to the Other Backward Classes and Economically Backward Classes and provide access to the high quality education.
(b) & (d) : No, Sir. Details of funds allocated and released during the last three years is as under:

Rs. In Lakh
Year BE RE Actual release
2018-19 1000 1000 1000
2019-20 1500 2609 2609
2020-21 3500 3500 3261

As regards the Maharashtra State, an amount of Rs.4,78,39,870/- as subsidy has been released during the last three years. The details are given in Annexure-I.

(e) : A total of 10,803 students have benefited under the scheme during the last three years. All applications received from the eligible students as per the guidelines of the scheme have been considered.
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Annexure-I
Details of RELEASE of funds during the last 3 years, particularly Maharashtra State:
FINANCIAL YEAR OBC EBC TOTAL
No.of claims Amount No.of claims Amount No.of claims Amount
2018-19 260 8915617 97 2386581 357 11302198
2019-20 407 12450375 135 3525730 542 15976105
2020-21 476 16548167 182 4013400 658 20561567
TOTAL 1193 37914159 414 9925711 1557 47839870

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