EDUCATIONAL LOAN SCHEME

This scheme is for providing financial assistance in pursuing full-time Professional/Technical courses.

For students within India

Loan Amount : Upto Rs.10.00 Lakhs

Interest Rate per annum chargeable to (SCAs - 1.5%)

(Student - 4% (0.5% rebate for women beneficiaries)

For abroad students

Loan Amount : Upto Rs.20.00 Lakhs

Interest Rate per annum chargeable to (SCAs - 1.5%)

(Student - 4% (0.5% rebate for women beneficiaries)

Repayment Period:

Up to 10 years (for loans up to Rs.7.50 lakh) & Up to 15 years (for loans above Rs7.50 lakh)

Moratorium Period:

6 months after course completion or getting employment, whichever is earlier.

Professional/Technical Courses Covered:

Educational Loan shall be provided to eligible students for pursuing regular full time Professional / Technical recognized courses approved by the Government in the following fields in India or abroad:

Engineering (Diploma/ B.Tech /B.E, M.Tech/M.E.)
Architecture (B.Arch/M.Arch)
Medical (MBBS/MD/MS)
Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)
Pharmacy (B.Pharma/M.Pharma)
Dental (BDS/MDS
Physiotherapy (B.Sc./M.Sc.)
Pathology (B.Sc/M.Sc.)
Nursing (B.Sc./M.Sc.)
Information Technology (BCA/MCA)
Management (BBA/MBA)
Hotel Management & Catering Technology (Diploma /Graduation/Post Graduation)
Law (LLB/LLM)
Education (CT/NTT/B.Ed/M.Ed)
Education (CT/NTT/B.Ed/M.Ed)
Physical Education (C.PEd./B.PEd/ M.PEd)
Journalism & Mass Communication (Graduation/Post Graduation)
Geriatric Care (Diploma/Post Graduate Diploma)
Midwifery (Diploma)
Laboratory Technician (Diploma)
Chartered Accountancy (CA)
Cost Accountancy (ICWA)
Company Secretaryship (CS)
Actuarial Sciences (Graduation/ Post Graduation/FIA)
Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication
Higher education like Doctoral Studies leading to M.Phil/PhD from recognized institutions.