- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Social Justice and Empowerment
Education Loan Scheme
Details
Benefits
- Expenses Covered: Admission Fee & Tuition Fee; Books; Stationery & other instruments required for the course; examination fee; boarding & lodging expenses; insurance premium for policy during the loan period.
- Quantum of Finance:
- For Professional / Technical Courses only - 90% of the expenditure of the course is subject to a maximum loan limit of ₹15,00,000 per student (For study in India), the balance will be borne by the student/SCA.
- 85% of the expenditure of the course subject to a maximum of ₹20,00,000 per student (For studying abroad), the balance will be borne by the student/SCA.
- For Vocational Courses -
- Need-based finance to meet 90% of admissible expenses for the course which may be as ascertained by the Channel Partners based on the prevailing government stipulations, market conditions, level of specialization of course, etc. subject to the limit prescribed For Professional / Technical Courses as described above.
Eligibility
Application Process
- Eligible persons desirous of obtaining financial assistance under NBCFDC schemes should contact the Distt. Collector or Distt. Manager/Officer/Branch Manager of respective Channel Partners (CPs) in their respective States/Distt.
Documents Required
- Proof of Identity (Aadhaar Card)
- Passport Sized Photograph
- Proof of Educational Qualification (Passing Certificate / Marksheet)
- Caste Certificate (issued by the relevant authority of District Administration).
- Annual Family Income Certificate on self-certification of the beneficiaries with the endorsement of the same by any Gazetted Officer notified by the State/Central government.
- In the case of a loan being applied at the Bank (Channel Partner), Self-Certification assessed and endorsed by the Branch Manager can be treated as valid proof.
- Bank Details of the Applicant.
Frequently Asked Questions
What Is The Full-Form Of NBCFDC?
The full-form of NBCFDC is "National Backward Classes Finance And Development Corporation".
Which Ministry/Department Manages This Scheme?
This scheme is managed by the Ministry of Social Justice & Empowerment.
For What Purposes Can The Amount Of The Loan Be Utilized?
The amount of the loan can be utilized by the students of Backward Classes for pursuing professional/technical education at the graduate and higher levels and for pursuing vocational Courses.
What Kinds Of Expenses Are Covered In This Scheme?
The following expenses are covered: Admission Fee & Tuition Fee; Books; Stationery & other instruments required for the course; examination fee; boarding & lodging expenses; insurance premium for policy during the loan period.
What Percentage Of The Expenditure On The Course Will Be Borne By The Student/SCA? Is There An Upper Ceiling?
90% of the expenditure of the course is subject to a maximum loan limit of ₹15,00,000 per student (For study in India), the balance will be borne by the student/SCA.
What Is The Meaning Of SCA?
SCA means "State Channelizing Agency".
Sources And References
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Ministry Of Social Justice and Empowerment
Education Loan Scheme
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