Yes, at least 50% of the total allocation is reserved for female students, but it can be used for male students if there is insufficient demand from female students.

Yes, if the degree is awarded by a foreign university, the course is eligible for interest subsidy.

Yes, with approval from the competent authority, students can extend the moratorium period.

Yes, the Ministry of Social Justice and Empowerment monitors the performance of the scheme.

No, only candidates from the Central List of OBCs are eligible for the interest subsidy.

Yes, the financial and physical performance of the scheme is periodically evaluated through studies conducted by reputed institutions/agencies.

Yes, minor modifications or changes with no financial implications can be made by the Competent Authority.

Parental income for eligibility is considered only when the student is unemployed or on sabbatical without receiving a salary.

The income certificate submitted during the loan application is treated as proof of annual income, and subsequent changes do not affect eligibility.

Yes, various disciplines, including Arts/Humanities/Social Sciences, Engineering, Medical, and more are covered. The list of subjects can be amended from time to time.

The Central List (state-wise/UT-wise) of OBCs is available on the National Commission for Backward Classes (NCBC) website (www.ncbc.nic.in).

Eritorious students are those who have taken admission in accredited Universities/Institutions abroad, subject to other eligibility and conditions. Priority is given to students who completed their qualifying education in a Government University/Institution before taking admission abroad.

The maximum eligible loan component is the actual loan taken, subject to a maximum of Rs. 20.00 lakh for the purpose of interest subsidy.

The Nodal Bank implements this scheme as per the Memorandum of Understanding (MoU) between the Banks and the Ministry of Social Justice & Empowerment.