Loan Based Schemes For Safai Karamchari - Education Loan
Ministry: Ministry Of Social Justice and Empowerment
Department: Department of Social Justice & Empowerment
The scheme aims to provide education loans to the students from the community of safai karamcharis\manual scavengers & their dependents for pursuing higher education.
About This Scheme
Benefits
> Educational Loan:
₹10.0 L · annual
Study in India₹10,00,000/-2% 6% (0.5% p.a. rebate for women candidates for study in India) Study in Abroad₹20,00,000/-3% p.a. 7% p.a.(0.5% p.a. rebate for women candidates for study in India) Note: The interest on an education loan (for study in India) is reimbursable under the scheme of Ministry of Education , Government of India to the beneficiaries whose family annual income is upto 4.50 lac per annum.
> Repayment period:
5 years after the co-termination of the course. However, the interest is payable on a quarterly basis from the disbursement of the loan.
> Moratorium period:
1 Year
> Coverage :
Education loan may cover the following:-
Admission Fees & Tuition Fee.
Books, stationery, and other instruments required for the course.
Examination Fee.
Boarding and lodging expenses.
Insurance premium for the policy.
Eligibility
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Required Documents
- ✦Aadhaar Card
- ✦Income certificate
- ✦Caste certificate
- ✦Bank account statement
- ✦Educational Certificates
✦ Required ◦ Optional
How to Apply
Loan applications are submitted by the applicants to the district offices of SCAs of NSKFDC of RRBs and Nationalised Banks. These applications are then sent to the head offices where the project proposal is appraised by SCA/RRBs/Nationalised Banks and the projects are sent back to NSKFDC along with recommendations. The Project Appraisal Committee of NSKFDC then appraises the proposals and after finding them in order places it in front of their board of directors for their approval. Once the boar
Apply here ↗Quick Info
- Level
- Central Government
- Max benefit
- ₹10.0 L
- Launched
- 1 Oct 1997