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Education Loan Scheme under NSFDC- Haryana

This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹30 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized courses in India or abroad.

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About This Scheme

The scheme "Education Loan Scheme under NSFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Scheduled Castes Finance & Development Corporation (NSFDC). The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India. This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹30 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized courses in India or abroad. > Objective of the Scheme: - To extend loans to the eligible scheduled caste students for pursuing full time professional /technical education. > The Education Loan is meant to cover: - Admission fees & Tuition Fees. - Books, Stationery, and other instruments required for the course. - Examinations fees. - Boarding and lodging expenses. - Insurance premium for policy for insuring loanees against the loan in case of death or permanent disability. - Travel Expenses/passage money for studying abroad. - Caution Money, development fund, etc. The educational loan shall be provided through the state channelizing agencies to concerned Government Recognized Educational Institutions where the students have secured admission. In the case of Foreign countries, only those institutions shall be considered which are duly recognized by the concerned authorities > Professional/Technical Courses Covered: A regular full time recognized courses in engineering, (Diploma/B.Tech/B.E., M.Tech/M.E.), Architecture (B.Arch/ M.Arch), Medical (MBBS/ MD/MS), Biotechnology/ Microbiology/ Clinical Technology (Diploma/ Degree), Pharmacy (B.Pharma/ M.Pharma), Dental (BDS,MDS), Physiotherapy (B.SC./ M.SC.), Pathology (B.SC./ M.SC.), Nursing (B.SC/ M.SC), Information Technology (BCA/MCA), Management (BBA/MBA), Hotel Management (BBA/MBA), Hotel Management & catering Technology (Diploma/ Graduation/ Post Graduation), Law (LLB,LLM), Education (CT/NTT/ B.Ed/M.Ed), Physical Education (C.PED/B.PED/ M.PED), journalism & Mass Communication (Graduation/Post Graduation), Geriatric care (Diploma/Post Graduation Diploma), Midwifery (Diploma), Laboratory Technician ( Diploma), Chartered Accountancy (CA), Cost Accountancy (ICWA), Company Secretary Ship(CS), Actuarial Sciences (Graduation/Post Graduation/FIA), Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication and Higher education like Doctoral Studies leading to M.Phil/PHD from recognized institutions.

Benefits

> Recovery:

> Maximum Loan Limit:

₹10.0 L

For studies within India: Up to ₹10,00,000/- - For studies abroad: Up to ₹30,00,000/-

Recovery (Principal & Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installments in 5 years from the date of first disbursement.

There would be a tag/maker on the Diploma/Degree of the student indicating his repayment liabilities.

Note: The Educational Loan, shall, however, be restricted to cover the admissible expenses for the remaining years of study on a pro-rate basis. Further, all Educational Loans shall be sanctioned & disbursed on a case-to-case basis.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

  • A certificate from the Indian embassy Consulate on confirmation of admission given to the applicant
  • Aadhaar Card
  • Parivar Pehchaan Patra (PPP ID)
  • Resident Proof/Address Proof i.e. Ration Card
  • Accreditation status of the Course for which loan is to be availed in case of abroad study
  • Accreditation status of the Educational institution for which the loan is to be availed
  • Adequate Qualification and Experience Documents
  • Approval or Clearance Certificate from Competent Authority if Required only above Loan Cases of ₹1,00,000/-.
  • Copy of admission confirmation from an educational institute with fee and other charges payment schedule yearly
  • Copy of Foreign exchange permit if applicable
  • A copy of the Identity card issued by the Institute if admission has already been taken
  • Copy of passport or visa number etc. if studying abroad
  • Copy of school leaving certificate in support of date of birth
  • A copy of the prospectus of the course for which the loan is sought
  • Income Certificate
  • Loan Application form duly filled up or SC Certificate
  • SC Certificate from the competent authority
  • Any other documents as required

✦ Required ◦ Optional

How to Apply

OOnline
IIn-person

Quick Info

Level
Central Government
Max benefit
₹10.0 L