Student

1. Should be an Indian National
2. Should have secured admission to professional/ technical courses through entrance test/ selection process.
3. Should have secured admission to foreign universities/ institutions
4. Should have passed the qualifying examination for admission to the courses.
5. Employed person intending to improve their educational qualification and/ or receive training in modern technology in India or abroad can also be assisted under this scheme provided training offers prospects of better placement.

Courses

1. Graduate / P.G Courses in : Medicine, Surgery, Engineering, Hotel Management, Design, Architecture, Bio-chemistry, Agriculture, Veterinary etc.
2. P.G Courses in : Business Management, Chartered or Cost Accounting , Company Secretaryship.

Loan Details

Quantum

1. For studies in India - Rs.7.50 Lacs
2. For studies Abroad - Rs.15.00 Lacs

Margin

1. For loans upto Rs. 4 lacs - nil
2. For loans above Rs. 4 lacs
   - Studies in India - 5%
   - Studies abroad - 15%

Security

1. Personal guarantee of borrower/ 's
2. Collateral security equal to amount of loan.
   

1. Upto Rs.25,000 - 9% p.a
2. Rs.25,001 to Rs.5.00 Lacs - 10.50% p.a
3. Above Rs.5.00 Lacs - 11.50% p.a

Repayment Holiday/ Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier

The loan to be repaid in 5 to 7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum of two years.