NSFDC Education Loan Scheme India 2019-20 – www.nsfdc.nic.in

National Scheduled Castes Finance and Development (NSFDC) was setup by the Government of India on 8th February 1989. It provides financial assistance for the persons living below Double of the Poverty Line.

Eligible students of the target group should apply for loan through the concerned State Channelizing Agency in their State/UT along with documentary evidence of having secured admission to recognized regular full time professional or technical courses.

NSFDC Education Loan Scheme 2019-20 Details:

Board Name – National Scheduled Castes Finance and Development

Scholarship Name – Educational Loan Scheme of NSFDC

Website – http://nsfdc.nic.in

Address – National Scheduled Castes Finance and Development Corporation
14th floor, scope minar, core ‘1’ & ‘2’ , north tower ,
Laxmi Nagar district centre, Laxmi Nagar, Delhi-110092

Contact Phone Number – (011)-22054391

Contact Email Address – nsfdc@bol.net.in

Objective of the SchemeTo extend loans to the eligible scheduled caste students for pursuing full time professional or technical education.

Purpose of Education Loan: The education loan is meant to cover
1. Admission and Tuition fees
2. Books, Stationery and other instruments required for the course
3. Examination Fee
4. Boarding and Lodging expenses
5. Insurance premium for policy for insuring loaners against loan in case of death or permanent disability
6. Travel Expenses or Passage Money for studying abroad
7. Caution Money, Development Fund etc.

Eligibility for Education Loan Scheme:
1. Students should be from the (SC) Schedules Caste Community
2. The Annual income of the students family should be Rs. 40,000/- Per Annum in rural areas and Rs. 55,000/- Per Annum in urban areas

Professional or Technical Courses Covered:
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.Pharm/M.Pharm)
Dental (BDS/MDS)
Physiotherapy (B.Sc/M.Sc)
Pathology (B.Sc/M.Sc)
Information Technology (BCA/MCA)
Management (BBA/MBA)
Hotel Management and Catering Technology (Diploma/Graduation/Post Graduation)
Education (CT/NTT/B.Ed/M.Ed)
Physical Education (C.PEd/B.PEd/M.PEd)
Journalism and Mass Communication (Graduation/Post Graduation)
Geriatric Care (Diploma/Post Graduate Diploma)
Midwifery (Diploma)
Laboratory Technician (Diploma)

Beside above the following professional courses will also be covered under the Scheme:
Chartered Accountancy (CA)
Cost Accountancy (ICWA)
Company Secretary ship (CS)
Actuarial Science (Graduation/Post Graduation/FIA)
Associate Member of Institute of Engineers (AMIE) and Institute of Electronics and Telecommunication

Maximum Education Loan Limit:
For Studies within India – Up to Rs.10 Lakh
For Studies abroad – Up to Rs. 20 lakh

Rate of Interest:
SCA – 1.5% Per Annum

Recovery of Education LoanRecovery will commence after 6 months of completion of course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installment in 5 years. The total currency of loan shall not exceed 10 years from the date of first disbursement.

Click Here for More Details About Educational Loan

Click Here to Know How to Apply

Click Here to Download Application Format

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