To provide financial support to those who, have the minimum educational qualifications, as required by the institution/organisation offering the course eligible under the course.

Courses Eligible: Vocational/Skill development courses of duration from 2 months to 3 years run or supported by a Ministry /Department/ organisation of the Govt or a company/ Society/Organisation supported by National Skill Development Corporation or State Skill Mission /State Skill Corporation , preferably leading to a certificate /diploma / degree etc., issued by a Govt organisation or an organisation recognised/authorised by the Govt.

11.50% p.a subject to revise from time to time.
Simple interest to be charged during the study period and up to commencement of repayment. Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment. However, to reduce the interest burden, interest may be collected during the moratorium period

•      For courses of duration up to 3 months- Rs.20,000/-
•      For courses of duration 3 to 6 months -Rs.50,000/-
•      For Courses of duration 6 months to 1 year -Rs.75.000/-
•      For courses of duration above 1 year- Rs.1,50,000/-

•      Fee payable to college/school/hostel: boarding and lodging arrangements.
•      Examination/Library/Laboratory fee.
•      Purchase of books/equipment/instruments/uniforms/ computer at reasonable cost, if required for completion of the course/ any other expense required to complete the courses like study tours, project work, thesis, etc. considered for loan should be capped at 20% of the total tuition fees payable by the students who do not get any concessions/ remissions.
•      Caution deposit, Building fund/ refundable deposit supported by Institution bills/receipts could be considered subject to the condition that the amount does not exceed 10% of the total tuition fees for entire course.
•      In case of Doctorate Programmes (Ph.D.) courses in India/ Abroad, the quantum of finance for such courses should be arrived at after factoring in the Scholarship/Fellowship/Honorarium etc., available to the student.

•     Up to Rs.4.00 lakhs NIL.
•     Above Rs.4.00 lakhs 15%.
•     Scholarship/assistantship to be included in margin. Margin is to be brought in on year to year basis as and when disbursements are made on a pro-rata basis.

1) Marks sheet of last qualifying examination for studies in India. 

2) Copies of letter conferring scholarship/freeship /studentship, etc., 

3) Documents evidencing the duration of course and commencement thereof viz., prospectus or certificate from the Competent Authority of the Institution. 

4) Proof of admission to the course. 

5) Schedule of expenses for the course. 

6) Three copies of passport size photograph of the borrower(s)/guarantor(s). 

7) Copies of foreign exchange permit (if applicable). 

8) Signature identification from bankers of borrower(s)/guarantor(s). 

9) A copy of pass port/voters ID card / proof of residence. 

10) Income tax assessment order for the last two years 

11) ADHAAR CARD Copy 

12) CIBIL SCORE 

13) PAN CARD – Applicant & co-applicant  

direct link to service charges

No collateral or third party guarantee will be taken. However, the parent will execute loan document along with the student borrower as joint borrower.