NMC Directs Medical Colleges to Promote MELS for Easy Medical Education Loans

Model Education Loan Scheme aims to raise awareness among meritorious students to get financial assistance in order to support their education through easy medical education loans. 

National Medical Commission (NMC) has issued a public notice urging medical colleges and institutions across India to actively promote the PM Vidyalaxmi Scheme to help facilitate financial assistance by providing easy medical education loans to meritorious students. The Model Education Loan Scheme (MELS) has been formulated by the Indian Banks Association (IBA) to facilitate collateral-free and guarantor-free education loans for students pursuing medical education. 

In its latest circular, NMC cited that all Scheduled Commercial Banks have been given instructions by the Reserve Bank of India to adopt the Model Education Loan Scheme (MELS) as per the formulation by the Indian Banks Association (IBA). The PM Vidyalaxmi scheme was introduced on November 6 to offer a simplified, transparent and digital loan application process for students enrolled in Quality Higher Educational Institutions (QHEIs).

Click here: NMC Notification on MELS

Medical Education Loan: NMC Directs 50 Colleges to Promote PM Vidyalami Scheme 

NMC has listed prominent 50 medical institutions in India to promote MELS for easy medical education loans in India. Students who are merit holders will be able to get complete information about the medical education loan from the institutions. The list of institutes includes AIIMS Mangalagiri, AIIMS Guwahati, AIIMS Patna, PGIMER Chandigarh, GMC Chandigarh, AIIMS Raipur, AIIMS  Delhi, VMMC and Safdarjung Hospital, MAMC Delhi, LHMC Delhi, UCMS Delhi, AIIMS Gujarat, PGDSUHS Rohtak, AIIMS Bilaspur, AIIMS Samba, KMC Manipal, KMC Mangalore, among others. 

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