NSFDC Education Loan Scheme for SC Students
NSFDC Education Loan Scheme for SC Students is an initiative of the National Scheduled Castes Finance and Development Corporation (NSFDC) Scheme for Scheduled Caste (SC) students pursuing professional or technical courses. It provides loans to cover tuition, hostel, books, and other educational expenses. Under this scheme, tuition, hostel, books, and other educational expenses will be covered. Eligible students can borrow up to ₹40,00,000 for domestic and overseas studies. The scheme offers lower interest rates compared to commercial banks and flexible repayment options. Loans will be disbursed through State Channelising Agencies (SCAs), and students must meet specific income and caste criteria to qualify.
- Applicants must be Indian citizens.
- They must belong to the Scheduled Castes (SC) category.
- Students must be planning to pursue regular professional/technical courses approved by the Government in India and abroad.
- Applicants must have cleared their last qualifying examination (school, undergraduate, or postgraduate level).
- The candidates must be enrolled in one of the following professional and technical courses approved by the Government for pursuing studies in both Indian and International institutions:
- 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 & Catering Technology (Diploma /Graduation/Post Graduation)
- Law (LLB/LLM)
- Education (CT/NTT/B.Ed/M.Ed)
- 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 Graduate Diploma)
- Midwifery (Diploma)
- Laboratory Technician (Diploma)
- Chartered Accountancy (CA)
- Cost Accountancy (ICWA)
- Company Secretaryship (CS)
- Actuarial Sciences (Graduation/ Post Graduation/FIA)
- Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication
- Higher education (Doctoral Studies leading to M.Phil/PhD from recognized institutions.)
- Annual family income of applicants belonging to urban and rural areas should not exceed ₹3 lakh.
Eligible candidates will receive up to ₹40 Lakh or 90% of the course fee, whichever is less.
Note:-- The loan bears an annual interest rate of 6.5% for its beneficiaries.
- A rebate of 0.5% will be provided to female applicants.
- The repayment period will be up to 12 years where repayment has not started, and up to 10 years, where the loan disbursed and repayment has started.
The following benefits will be covered under this education loan:
- Admission fee
- Tuition fee
- Books, stationery, and equipment expenses
- Examination fee
- Hostel and mess expenses
- Insurance premium for policy (covering loan in case of death or permanent disability)
- Travel expenses/passage money (including visa expenses) for studying abroad
- Caution money
- Development fund
- Clothing allowance (including weather-protective clothing in extreme climates for foreign study)
- A provision of 1% of the total course cost is allocated to cover unforeseen expenses.
- Thesis printing charges
- Other charges related to the submission of the thesis
- Campus conveyance (including bus and railway fare)
Note:- Any other items necessary for the course may be taken into consideration.
- Image of the applicant
- Certified copy of caste certificate in Hindi/English
- Copy of birth certificate/Class 10 marksheet as proof of age
- Copy of Class 12 marksheet in case of Engineering/MBBS students
- Copy of consolidated Graduation marksheet in case of MBA/Master’s in Geology/Geophysics students
- Certified copy of the annual income certificate of the family in Hindi/English
- Bank details of the applicant in the ECS form attested by the bank as prescribed
- Copy of PAN card or the tentative date for submission of PAN card copy (in case, original is not available)
- Copy of College/Institution ID
- Copy of Colleges/Institution Admission Receipt
- Copy of declaration from college/institution
- Copy of undertaking of the applicant
Note:- All PDFs/images/documents must be uploaded in JPEG/JPG/PNG format and smaller than 200 KB in size.
- Deadline: Always Open