Eligibility Criteria of Education loan scheme
Courses Eligible
Studies in India
School education including plus 2 stage
Normal Graduation Courses - B.A., B.Com., B.Sc., Microbiology, etc.
Post Graduation Course: Masters Courses, Ph.D., etc.
Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management (including Hotel Management), Computer/ Information Technology, Journalism & Mass Communication, etc.
Courses like: ICWA, CA, CFA, etc.
Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University.
Courses conducted in India by reputed Foreign Universities.
Evening courses of approved institutes.
Courses leading to diploma / degree etc. conducted by the Colleges/ Universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc
Studies abroad
Graduation: For job oriented professional / technical courses offered by reputed Universities.
Post Graduation: MCA, MBA, MS, etc.
Courses conducted by CIMA London, CPA in USA etc
Quantum of Loan:
Need based finance subject to repaying capacity of the parents/ students with following ceilings:
Studies in India: Maximum Rs 7.50 lacs
Studies abroad: Maximum Rs.15.00 lacs
Eligibility
Should be an Indian National
Secured admission to professional/technical courses through Entrance Test/ Selection process.
Secured admission to foreign university/Institutions
Expenses considered for loan:
Fee payable to college/school/ hostel.
Examination/Library/Laboratory fee.
Purchase of books/ equipment’s/instruments/uniforms.
Caution deposit/building fund/refundable deposit supported by Institution bills/ receipt.
Travel expenses/ passage money for studies abroad.
Purchase of computers-essential for completion of the course.
Any other expenses required to complete the course- like study tours, project work, thesis etc.
