NSFDC Education Loan Scheme India 2021-22 – www.nsfdc.nic.in

May 6, 2019 By Altaf

National Scheduled Castes Finance and Development (NSFDC) was set up by the Government of India on 8th February 1989.

It provides financial assistance for the persons living below Double the Poverty Line.

Eligible students of the target group should apply for loans 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.

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NSFDC Education Loan Scheme 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 minor, core ‘1’ & ‘2’, north tower, Laxmi Nagar district center, Laxmi Nagar, Delhi-110092.
Phone Number:- (011)-22054391
Email Address:- nsfdc@bol.net.in

The objective of the Scheme:

To extend loans to the eligible scheduled caste students for pursuing full-time professional or technical education.

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Purpose of NSFDC Education Loan:

The education loan is meant to cover

Admission and Tuition fees
Books, Stationery, and other instruments required for the course
Examination Fee
Boarding and Lodging expenses
Insurance premium for policy for insuring loaners against the loan in case of death or permanent disability
Travel Expenses or Passage Money for studying abroad
Caution Money, Development Fund, etc.

Eligibility for Education Loan Scheme:

Students should be from the (SC) Schedules Caste Community
The annual income of the student’s 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:

Professional or Technical Courses:
Technical Courses	Professional courses
1. Engineering (Diploma/B.Tech/B.E, M.Tech/M.E)	1. Chartered Accountancy (CA)
2. Architecture (B.Arch./M.Arch)	2. Cost Accountancy (ICWA)
3. Medical (MBBS/MD/MS)	3. Company Secretaryship (CS)
4. Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)	4. Actuarial Science (Graduation/Post Graduation/FIA)
5. Pharmacy (B.Pharm/M.Pharm)	5. Associate Member of Institute of Engineers (AMIE) and Institute of Electronics and Telecommunication
6. Dental (BDS/MDS)	–
7. Physiotherapy (B.Sc/M.Sc.)	–
8. Pathology (B.Sc/M.Sc.)	–
9. Information Technology (BCA/MCA)	–
10. Management (BBA/MBA)	–
11. Hotel Management and Catering Technology (Diploma/Graduation/Post Graduation)	–
12. Law (LLB/LLM)	–
13. Education (CT/NTT/B.Ed./M.Ed.)	–
14. Physical Education (C.PEd/B.PEd/M.PEd)	–
15. Journalism and Mass Communication (Graduation/Post Graduation)	–
16. Geriatric Care (Diploma/Post Graduate Diploma)	–
17. Midwifery (Diploma)	–
18. Laboratory Technician (Diploma)	–

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 Loan:

Recovery will commence after 6 months of completion of the course or getting employment, whichever is earlier.

The loan will be repaid in 20 quarterly installments in 5 years. The total currency of the loan shall not exceed 10 years from the date of the first disbursement.