NSFDC Education Loan Scheme for SC Students
Scholarship Amount
About This Scholarship
The NSFDC Education Loan Scheme for SC Students offers substantial financial support to eligible Scheduled Caste students pursuing professional and technical courses both in India and abroad. This scheme provides loans to cover a wide array of educational expenses, ensuring that deserving students have the resources to achieve their academic goals.
Key features of this education loan scheme include:
• Loan Limits:
• For study in India: Up to 90% of the course fee or ₹30,00,000 (whichever is less).
• For study abroad: Up to 90% of the course fee or ₹40,00,000 (whichever is less).
• Interest Rates:
• For study in India: 6% per annum.
• For study abroad: 7% per annum.
• A rebate of 0.5% will be provided to female applicants.
• Repayment Period:
• 10 years for loans up to ₹10,00,000.
• 12 years for loans exceeding ₹10,00,000.
The loan covers various expenses essential for a student's education, including:
• Admission and tuition fees
• Books, stationery, and equipment
• Examination fees
• Hostel and mess expenses
• Insurance premium (covering loan in case of death or permanent disability)
• Travel expenses/passage money (including visa for studying abroad)
• Caution money and development fund
• Clothing allowance (especially for weather-protective clothing in extreme climates for foreign study)
• Provision of 1% of the total course cost for unforeseen expenses
• Thesis printing and submission charges
• Campus conveyance (bus and railway fare)
Any other items deemed necessary for the course may also be considered. This scheme does not have a specific deadline, making it an ongoing opportunity for eligible students.
Eligibility Criteria
The applicants must fulfil the following eligibility criteria:
• 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)
• 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.)
• The annual family income of applicants belonging to urban and rural areas should not exceed ₹3 lakh.
Required Documents
While a comprehensive list of required documents is not explicitly provided in the initial description, applicants are generally expected to submit a file containing various supporting documents along with their application form. These typically include:
• Proof of Identity: Aadhaar Card, Passport, Voter ID.
• Proof of Address: Utility bills, Rental agreement.
• Proof of Date of Birth: Birth Certificate, 10th class mark sheet.
• Academic Records: Mark sheets and certificates of all qualifying examinations (10th, 12th, undergraduate, postgraduate degrees).
• Admission Proof: Admission letter from the recognized institution/university.
• Proof of Scheduled Caste (SC) Category: Caste certificate issued by a competent authority.
• Income Proof: Income certificate of the family, IT Returns, salary slips, etc., to verify the annual family income (not exceeding ₹3 lakh).
• Photographs: Passport-sized photographs.
• Course Fee Structure: Detailed breakdown of the course fees from the institution.
• Undertaking/Affidavits: As required by the State Channelising Agency (SCA).
Applicants are strongly advised to refer to the official application form and guidelines provided by the respective State Channelising Agency (SCA) for the precise and complete list of documents required for submission.
How to Apply
Eligible applicants can follow these general steps to apply for the NSFDC Education Loan Scheme:
1. Visit the Official Website: Navigate to the official website of NSFDC (nsfdc.nic.in).
2. Locate Application Forms: On the website, look for sections like 'Quick Links' or 'Downloads' and then navigate to 'Forms'.
3. Find Education Loan Section: Within the forms section, click on the ‘Education Loan’ tab.
4. Download Application Form: Download the official application form for the education loan scheme.
5. Complete the Application: Fill out all the required details accurately in the downloaded application form.
6. Gather Supporting Documents: Collect all necessary supporting documents as specified in the application guidelines.
7. Prepare Submission File: Create a comprehensive file including the completed application form and all the attached supporting documents in the prescribed format.
8. Submit to SCA: Submit this file to the respective State Channelising Agency (SCA) designated by NSFDC.
Important Notes:
• Please visit the official NSFDC website (nsfdc.nic.in) to find the contact details (address, phone number, and email ID) of your concerned State Channelising Agency (SCA).
• Always refer to the official document released by the SCA for the most accurate and up-to-date information, and to download the correct application form.