It is an Indian Government scheme to provide interest subsidy for Minority Students of Masters, Mphil, or Ph.D., doing abroad under Section 2(c) of the National Commission for Minorities Act, 1992.
According to the Act, the eligible student will get the refund of interest paid during the study period and moratorium period conforming to certain conditions.
for details check :
https://sbi.co.in/documents/66131/0/Padho+Pardesh+-+Revised+Scheme+Guidelines+-%28ANN-II%29.pdf
OR
https://pib.gov.in/newsite/PrintRelease.aspx?relid=102623
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