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.
Introduction
a. The scheme (operated hitherto as Special Scheme for NER) provides financial assistance to institutions located in the North East Region for solving water problems in the campus, providing alternative power support and high-speed internet connectivity. This will significantly address the infrastructural problems confronted by students on day to day basis. The Scheme is being implemented through the Indian Institute of Technology– Guwahati.
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b. North East India largely has hilly regions where the supply of water is not regular throughout the year and during the dry season, there is no secured water supply in the institutes. Water harvesting projects are supported under the Scheme for assured water even during the dry season.
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c. Most of the urban and rural areas in North Eastern India are deprived of continuous electricity supply, which not only affects daily life but also imparting of higher technical education. The scheme makes the provision of installations for captive solar power energy; at places where the solar energy is not effective, procurement of generators can be considered. Such support will make the technical institutes function better by meeting the shortage of conventional electricity supply:
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d. The availability/ connection of the internet facility is also not up to the desired level in North Eastern Region. To mitigate this problem, funding
for setting up an initial internet connection is considered under the Scheme. Recurring expenditures for the future shall have to be borne by the institution.
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Objective
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 connectivity on the campuses.
The selected institutes will have to complete the sanctioned project as per the following guidelines:
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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.
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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.
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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.
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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.
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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.
Check the official website for the required-document list.
Step 1: Offline — Step 1
Download and fill out the application form for AICTE-Grant for Augmenting Infrastructure in North Eastern Region (GAINER).
Step 2: Offline — Step 2
Verify that every page of the application form has the signature and stamp of the Head of the Institute.
Step 3: Offline — Step 3
Attach all the essential documents along with the filled application form.
Step 4: Offline — 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: Advisor, Institutional Development Cell, All India Council for Technical Education, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 <br> Processing of Proposals a. Submission of application by the institute. b. Screening/ scrutiny of applications at Council. c. Evaluation of applications by the expert committee. 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. e. After the Council’s approval, the Sanction Letter and the first installment of funds for the Project will be sent to the institution.
North East India largely has hilly regions where the supply of water is not regular throughout the year and during the dry season, there is no secured water supply in the institutes. Water harvesting projects are supported under the Scheme for assured water even during the dry season.
The Scheme is being implemented through the Indian Institute of Technology- Guwahati.
Objective: 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 connectivity on the campuses.
The availability/ connection of the internet facility is also not up to the desired level in North Eastern Region. To mitigate this problem, funding for setting up an initial internet connection is considered under the Scheme. Recurring expenditures for the future shall have to be borne by the institution.
Most of the urban and rural areas in North Eastern India are deprived of continuous electricity supply, which not only affects daily life but also imparting of higher technical education. The scheme makes the provision of installations for captive solar power energy; at places where the solar energy is not effective, procurement of generators can be considered.
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.
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.
Utilization Certificate and Statement of Accounts in prescribed proforma must be duly audited by the Finance Officer/Account Officer.
A. Documentary proof of cost etc. along with the purchase procedure/formalities to be adopted as per the prescribed order formalities indicated in the GFR. b. A certificate from the Principal/ Competent Authority (concerned Secretary, State Government for Technical Education) that expenditure over and above AICTE grant, if any, will be met by the State Govt./or the college, and the purchase will not be delayed for want of funds.
Applications are accepted only on the official government portal.
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