under the aegis of Padalikha Group is a Charitable Trust run and managed by the office bearers of the edu-tech group. The trust is fortunate to be considered a point of donation for our networked sponsors from reputed corporations, business houses and individuals to leave a legacy or honor a loved one by establishing a scholarship fund to be given to a talented or gifted student.
believes in giving students the opportunity they deserve, and be proud of their achievements; merit and otherwise. We have the experience to support you with a scholarship that is unique to your educational goals, while giving the ability to pursue own dreams.
Applicant should be citizen of India.
Age limits vary between courses chosen and range from a minimum age limit of 18 to a maximum of 23 by 1 October of the year following selection.
All applicants must have achieved academic standing sufficiently advanced to assure completion of a bachelor's/Master’s degree. Academic standing must be sufficiently high to ensure admission to the partner college/university.
Applications for Get My Scholarship grants open during the beginning of the academic year.
• Evidence of academic record/transcript (complete or in progress) of pre-university education or undergraduate degree study
• Curriculum vitae/resumé
• Personal statement or essay (a clear statement of what the applicant wishes to study and why he deserves scholarship)
• Evidence of age / birth certificate / passport
• List of referees who can attest the character and intellect of the applicant, including academic, personal, extra-curricular and leadership achievements.
When it comes to all the building blocks that form a complete and successful life, nothing is as important as quality education. However, quality education is not easily available to everyone - especially those who deserve it based on merit alone. Thus, education loans are vitally important.
A simplified explanation for education loan is; funds offered by financial institutions to meritorious and/or deserving students so that the latter can pursue their basic/higher education. Almost all banks in India offer education loans, and the demand for it has remained stable with the Indian student community however with a painful interest rate which haunts the students for a long time after studies.
Some examples to look for are
Punjab National Bank (Base Rate- 10.00%)
Axis Bank (Base Rate- 9.95%)
State Bank of India (Base Rate- 9.70%)
To give more clarity on how interest levied on education loan works;
Lets assume a student is granted a education loan of INR 2.5Lakh in the first year and three consecutive years there off.
Considering the interest on education loan value is 10%, by the time student graduates from his course the interest burden he would be carrying is; Rs. 2,68,250
Here is the calculation;
Year 1: Rs. 2,50,000 X 10% = 25,000 (Interest on first year loan amount)
Year 2: Rs. 5,00,000 + Rs. 25,000 X 10% = 52,500 (Interest on second year loan amount)
Year 3: Rs. 7,50,000 + Rs. 52,500 X 10% = 82,500 (Interest on third year loan amount)
Year 4: Rs. 10,00,000 + Rs. 82,500 X 10% = 1,08,250 (Interest on fourth year loan amount)
Total over principle amount that a student bears by end of his 4th year degree = Rs. 2,68,250
Total Burden on the student who has taken a loan of Rs. 10Lakhs for 4 years of his education as soon as he graduates from his college is and this increases year on year at compound rate value.
There are many examples where candidate’s interest on loan grew more than the principle itself over the period of years and candidate ending-up defaulting on loans and hence negatively effecting their career forever. Millions of students struggle for years to clear the weight of education loans due to the burden of interest it comes with.
Padalikha and GetMyScholarships Team works with elite institutions that are associated with reputed NBFCs for for talented and deserving merit students who want to build a career for themselves and realise the dream of their parents. We are proud to have associated with such esteemed Institutions and aim to bring more and more students into this ambit, so that they get access to quality education without suffering the burden of interest on their head.
Considering the no interest on education loan, by the time student graduates from his course the interest burden he would be carrying will be; Rs. 0.
Here is the calculation;
Year 1: Rs. 2,50,000 X No Interest
Year 2: Rs. 5,00,000 X No Interest
Year 3: Rs. 7,50,000 X No Interest
Year 4: Rs. 10,00,000 X No Interest
Total over principle amount that a student bears by end of his 4thth year degree = Rs. 0
Total Burden on the student who has taken a loan of Rs. 10Lakhs for 4 years of his education as soon as he graduates from his college is
Our motto is, education must be accessible for every student. Education loans play a major part in getting young minds educated. Let them be unburdened of the heaviness that education loan interests weigh, while they aim on building skills and creativity for better tomorrow!