dif.mp.gov.in : Online HELAMS Higher Education Loan Application Monitoring System Madhya Pradesh

Organisation : Directorate of Institutional Finance
Type of Facility: Online Higher Education Loan Application Monitoring System (HELAMS)
State : Madhya Pradesh

Website : http://www.dif.mp.gov.in/Higher_Edu.htm

HELAMS :

Step-1 :Get student password
Step-2 :Online Apply

Related : CPCT Madhya Pradesh Score Card Verification : www.statusin.in/26307.html

Step-3 :Print Application
Step-4 : Back in contact
Step-5 :Locate application

Online HELAMS : http://www.dif.mp.gov.in/

Contact :
For any query, please contact at given below

E-mail : difbho [AT] mp.gov.in
Phone :(0755)-2551199,2552003

FAQs :
Can we consider request for education loan in respect of Nursing Colleges having provisional approval/recognition?
The Indian Nursing Council gives permission to Nursing colleges to start new courses for a period of 1 year which is renewed on a yearly basis.

The practice of renewing the permission is done on a year-to-year basis for both the existing nursing colleges as well as the new nursing colleges.

Banks could consider applications from student borrowers seeking education loan for pursuing nursing courses in these institutions which are having provisional approval / recognition.

How to deal with requests for sanction of collateral free loans to more than one student from the same family? Is the collateral free limit of ` 4.0 lakh for a student or for a family as whole for the purpose of the scheme.
Repayment of the education loan is based on the future earning potential of the student. Going by the spirit of the scheme, limit of Rs 4.0 lakh collateral free loan is student specific and not family specific.

There is no restriction on giving a second or third collateral free loan to other siblings when one of the siblings has already taken a collateral free loan.

How to consider request from students who have to stay outside the college campus due to non availability of hostel accommodation?
Banks could consider reasonable lodging and boarding expenses, for the purpose of fixing loan limit under the scheme, in case the student is not in a position to get allotment for hostel accommodation within the campus and is required to stay outside the campus in private accommodation.

Whether the repayment period could be extended at the request of the borrower?
Extension of moratorium period or repayment beyond the time specified at the sanction would amount to restructuring of the loan and will be governed by the RBI guidelines on restructuring of advances.

However, in case the student takes up higher studies immediately upon completion of the course, the commencement of repayment would get shifted to 6 months from employment or one year from completion of the course whichever is earlier without treating the change as restructuring.

This would be so irrespective of whether the student had taken fresh/top up loan for higher studies or not.

Whether any incentive is available for girl students?
Banks generally provide 0.5% or more concession in interest rate to girl students pursuing higher education in India and abroad. .

Whether request received for sanction of loan to meet partial cost of studying abroad can be considered?
It is not uncommon for students to take up part-time jobs as permitted by the institutions where they are studying to part fund their education.

So they will not be taking loan for meeting entire cost of studies(usually amount mentioned in I-20). Banks may sanction loan for meeting part cost as requested by students in such cases

Can the bank consider request for loan received from NRIs?
Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India.