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
- SCAs – 1.5%
- 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
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.