Central GovernmentVerified
Education Loan Scheme of NMDFC
Ministry: Ministry Of Minority Affairs
Loan of upto ₹20,00,000/- for domestic courses & ₹30,00,000/- for courses abroad under Credit Line-1 and Credit line -2 is extended to beneficiaries belong to minority communities at 3% p.a. & 8% p.a respectively.
Last verifiedToday
About This Scheme
Under this scheme of NMDFC, loan is available for job oriented 'technical and professional courses' of durations not exceeding five years. Loan of upto ₹20,00,000/- for domestic courses & ₹30,00,000/- for courses abroad under Credit Line-1 and Credit line -2 is extended to beneficiaries belong to minority communities at 3% p.a. & 8% p.a respectively. Further, concession of 3% is extended to women beneficiaries under Credit Line-2.
Benefits
Concessional Credit to the beneficiaries among minority communities.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Duly filled Education Loan Application Form.
- ✦Photographs of student and co-borrower (parent/guardian).
- ✦Proof of Minority Status (certificate or self-declaration).
- ✦Income Certificate of the family issued by competent authority.
- ✦Proof of Residence: Aadhaar card, voter ID, ration card, or utility bill.
- ✦Admission Letter from recognized college/university in India or abroad.
- ✦Fee Structure or estimate from the educational institution.
- ✦Mark Sheets/Certificates of qualifying examinations (Class X, XII, Graduation, etc.).
- ✦Bank Account Proof: Aadhaar-linked bank passbook copy.
- ✦Valid Passport and Visa (for studies abroad).
- ✦Proof of age (DOB Certificate/10th Certificate).
- ✦Affidavit/Undertaking confirming that no other education loan has been availed under a government scheme.
- ✦PAN Card of student and co-borrower.
✦ Required ◦ Optional
How to Apply
IIn-person
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners on refinance mode (Presently through Canara Bank & Punjab Grameen Bank).
Quick Info
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- Central Government