6% Interest Subsidy on Loans taken through Banks for Study Abroad
The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.
The scheme "AICTE - Grant for Augmenting Infrastructure in North Eastern Region (GAINER)" was introduced by AICTE to enhance the functional efficiency of the technical institutes located in far-flung areas of North East India, by addressing deficiencies in water, electricity, and internet.
The scheme "AICTE - Grant for Augmenting Infrastructure in North Eastern Region (GAINER)" was introduced by AICTE to enhance the functional efficiency of the technical institutes located in far-flung areas of North East India, by addressing deficiencies in water, electricity, and internet.
The selected institutes will have to complete the sanctioned project as per the following guidelines: **Project Name:** Solving Water Problems Project **Limit of Funding:** ₹ 15,00,000 **Duration of Project:** 2 years from the date of receipt of the first installment. **Project Name:** Power/ Solar Energy Project **Limit of Funding:** ₹ 20,00,000 **Duration of Project:** 6 months from the date of receipt of the fund for the purpose. **Project Name:** Internet Connection Project **Limit of Funding:** ₹ 5,00,000 **Duration of Project:** 6 months from the date of receipt of the fund for the purpose. **Disbursement of the Funds** The **first installment** is an advance of 80% of the sanctioned grant. The **second installment** is reimbursement on successful completion of the project and submission of requisite documents by the institute. **Note:** If the project is not initiated within six months, the institute shall have to refund the complete grant with accrued interest to AICTE with justification.
Step 1: Offline application — step 1
Step 1: Download and fill out the application form for AICTE-Grant for Augmenting Infrastructure in North Eastern Region (GAINER).
Step 2: Offline application — step 2
Step 2: Verify that every page of the application form has the signature and stamp of the Head of the Institute.
Step 3: Offline application — step 3
Step 3: Attach all the essential documents along with the filled application form.
Step 4: Offline application — step 4
Step 4: Kindly ensure all the information is correct and then sent the Application form along with all the essential documents through registered post/speed post to:
Step 5: Offline application — step 5
Advisor,
Step 6: Offline application — step 6
Institutional Development Cell,
Step 7: Offline application — step 7
All India Council for Technical Education,
Step 8: Offline application — step 8
Nelson Mandela Marg, Vasant Kunj,
Step 9: Offline application — step 9
New Delhi-110070
Step 10: Offline application — step 11
Processing of Proposals
Step 11: Offline application — step 12
a. Submission of application by the institute.
Step 12: Offline application — step 13
b. Screening/ scrutiny of applications at Council.
Step 13: Offline application — step 14
c. Evaluation of applications by the expert committee.
Step 14: Offline application — step 15
d. The final decision will be taken by the Council, keeping in view the recommendations made by the experts and the availability of funds for the scheme.
Step 15: Offline application — step 16
e. After the Council’s approval, the Sanction Letter and the first installment of funds for the Project will be sent to the institution.
Applications are accepted only on the official government portal.
Open Official WebsiteThe scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.
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