Credit Based Schemes For SC – Education Loan Scheme

Details

Education loan scheme by the Ministry of Social justice and Empowerment for Scheduled Caste students pursuing full-time Professional/Technical courses in India or abroad.

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

For students within India

Loan Amount

Upto 90% of the Course Fee or Rs.10.00 Lakhs, whichever is less

Interest Rate per annum chargeable to

1. SCAs – 1.5%
2. Student- 4% (0.5% rebate for women beneficiaries)

For abroad students

Loan Amount

Upto 90% of the Course Fee or Rs.20.00 Lakhs, Whichever is less.

Interest Rate per annum chargeable to

1. SCAs – 1.5%
2. Student- 4% (0.5% rebate for women beneficiaries)

Benefits

For abroad students

Financial Assistance

Upto 90% of the Course Fee or Rs.10.00 Lakhs, Whichever is less with interest rate of 4% (3.5% for women beneficiaries).

For students within India

Financial Assistance

Upto 90% of the Course Fee or Rs.20.00 Lakhs, Whichever is less with interest rate of 4% (3.5% for women beneficiaries).

Moratorium Period

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

Eligibility

The scheme is for students of the Scheduled Caste Category.