Short Term Financial Assistance To Good Borrowers 2026

The Chief Minister's Scholarship Scheme provides financial aid of ₹6,000 per year to students in Meghalaya from Read More... Class XI up to PhD level, directly credited to their bank accounts. Read less

Details

The Government of Meghalaya, through its Education Department, runs the Chief Minister's Scholarship Scheme. It's designed to give a financial boost to students pursuing higher education after Class X, right up to their doctoral studies.

What Is This Scheme?

This scheme aims to help bright students from Meghalaya who are pursuing studies from Class XI to PhD. It offers a fixed annual scholarship of ₹6,000. The money is sent straight to the student's bank account, making the process quick and transparent. Importantly, you can often receive this scholarship even if you are already getting aid from other sources.

Who Can Benefit From This Scheme?

This scholarship is for students who are permanent residents (domiciles) of Meghalaya. They need to be studying in full-time regular courses. This includes students in government colleges, universities, private institutions affiliated with recognized universities, and even private schools for Classes XI and XII. Various vocational and professional courses are also covered.

Why This Scheme Is Important

The main goal is to make sure that financial constraints don't stop eligible students from Meghalaya from getting quality education. By providing direct financial assistance, the scheme aims to empower students to focus on their studies and achieve their academic goals. It ensures that scholarships reach the intended beneficiaries efficiently.

Objective

The Chief Minister's Scholarship Scheme provides financial aid of ₹6,000 per year to students in Meghalaya from Class XI up to PhD level, directly credited to their bank accounts.

Benefits

The minimum loan limit available is ₹5,00,000/-.

The maximum loan limit available is ₹50,00,000/-.

The intended use of the funds is to meet short term financial requirements. This includes meeting the requirements of executing specific orders, seasonal increase in fund requirements, and firm export orders.

Disbursement100% of the loan amount shall be released immediately after completion of documentation and fulfilling the other norms of the Corporation.Conditions

The loan repayment period for amounts up to ₹10,00,000/- is 12 months.

The loan repayment period for amounts above ₹10,00,000/- up to ₹25,00,000/- is 18 months.

The loan repayment period for amounts above ₹25,00,000/- up to ₹50,00,000/- is 24 months.

The applicant must offer collateral security for a value of 150% of the term loan.

If the applicant is a non-assisted unit, the quantum of loan will be decided based on the merits of the individual case and the security offered.

Sources and references

Scheme Information

Eligibility Criteria

You must be a domicile of Meghalaya.
You need to have a valid bank account, a mobile number, and an email ID.
Students enrolled in part-time or correspondence courses are not eligible.
You must have scored at least 35% marks in your previous academic year.
The scholarship is only for students pursuing full-time, regular courses in recognized institutions. This includes:
- Government institutes, colleges, and universities.
- Institutions of National Importance.
- Central/State Universities, autonomous colleges recognized by UGC, and institutions under Section 2(f) or 12(b) of the UGC Act.
- Deemed Universities.
- Private universities and institutions affiliated with Central/State Universities.
- Government/Government-aided/Private schools (for Classes XI and XII).
- State/UT-recognized diploma-granting institutions.
- NCVT-affiliated vocational training institutes.
- Institutions recognized by regulatory bodies like MCI, AICTE, etc.

Note on Scholarship Cancellation: The scholarship can be cancelled if a student is involved in misconduct or disciplinary issues, or if found ineligible at any point. In case of ineligibility, the entire scholarship amount received must be refunded.

How To Apply

Applications are typically submitted online through the official portal. Specific dates and instructions will be announced by the Directorate.

Important: Please refer to the official notifications for the exact application link and submission deadlines.

Documents Required

When applying, you'll need to upload the following:

Identity Proof (any of these to confirm credentials):
- MHIS Card of the parents
- MGNREGS Job Card of the parents
- EPIC (Voter ID) of the applicant or parents
- PDS (Ration) Card
Tip: Uploading more than one document can help speed up the verification process.
Mark sheet of your previous academic year.
A recent passport-size photograph.
Bonafide Certificate issued by the Head of your Institution.

FAQ’s

What is the main objective of the Chief Minister's Scholarship Scheme in Meghalaya?

The primary aim is to provide financial assistance to eligible students of Meghalaya, from Class XI up to PhD, to help them pursue quality education without facing financial barriers. It also focuses on ensuring that the scholarship money reaches the beneficiaries quickly and accurately.

Can I apply if I'm studying in a private university outside Meghalaya?

Yes, if you are a domicile of Meghalaya and your private university is recognized by relevant authorities (like UGC or affiliated with a Central/State University), you can apply.

Is there any age limit for this scholarship?

The provided details do not mention a specific age limit. However, the scholarship is available for students pursuing courses from Class XI to PhD level.

What if I am already receiving another scholarship? Can I still get this one?

Absolutely! This scholarship is designed to be provided in addition to any other scholarships you might be receiving. You can apply for and benefit from multiple scholarships.

How will I receive the ₹6,000 scholarship amount?

The scholarship amount of ₹6,000 is directly transferred to your registered bank account. This ensures a smooth and timely disbursement.

Which types of institutions are considered recognized for this scholarship?

Recognized institutions include government bodies, universities (Central, State, Private, Deemed), Institutions of National Importance, UGC-recognized colleges, and even vocational training institutes affiliated with NCVT or recognized by bodies like AICTE.

What minimum percentage do I need in my previous exams to be eligible?

You need to have secured at least 35% marks in the preceding academic year to be eligible for this scholarship.

What are the basic requirements to apply for the Chief Minister's Scholarship Scheme?

To apply, you must be a domicile of Meghalaya, possess a valid bank account, mobile number, and email ID. You also need to have scored at least 35% in your last academic year and be enrolled in a full-time regular course at a recognized institution.

Will my scholarship be cancelled if I fail my exams?

The scheme details mention cancellation if a student is involved in misconduct, disciplinary proceedings, or is found ineligible. While not explicitly stated that failing exams leads to cancellation, maintaining academic progress is generally expected. Always check the latest guidelines.

Can students from vocational training institutes apply for this scholarship?

Yes, students attending NCVT-affiliated vocational training institutes are eligible to apply for the scholarship, provided they meet other criteria.

What if my parents don't have an MHIS card? What other identity documents are accepted?

If you don't have an MHIS card, you can use your parents' MGNREGS Job Card, your or your parents' EPIC (Voter ID), or a PDS (Ration) Card as identity proof.