Interest Free Study Loan

The mission of Mukand institutes to provide education to the poorest of the poor got magnificently manifested in the “Interest Free Study Loan Scheme” of Mukand Lal Institution initiated in the year 1966.

Since there were not many institutions for technical and medical education in Northern India. The meritorious students of the region had to go to Karnataka, Maharashtra and other Southern states for a long time which the majority of students could not afford.  Prof. Tilak Raj Chadda, the then Principle of Mukand Lal National College Yamuna Nagar intended to help one such bright student who had got admission on merit in Bangalore. Not being able to cope with the hefty fee structure, Prof. Chadda conveyed a General Assembly of the students and narrated the whole story and requested for one anna each contribution from the students with their fees.  The students readily agreed and the student selected for engineering was sponsored by college for his engineering degree.

The one Anna scheme of Mukand Lal National College, Yamunanagar not only helped hundreds of needy young students to become doctors, engineers but also has become a distinctive feature of our college over the years.

That one Anna scheme has developed into a very useful corpus.  The students pay back their interest free study loans in easy installments after they settle down in their careers and the corpus continues helping the generations of the needy student year after year.

The full sets of books of Engineering, Medical and other disciplines are also provided free of cost to such students which they return to the library of our college after their course is completed.