EDUCATION LOANS FOR INDIAN STUDENTS
In an effort to financially support the education of Indian students, education loans under different schemes are available. Please review the following schemes to find out if you are eligible for any education Loans.
1. Central Scheme to provide Interest Subsidy (CSIS) on Education Loan
This scheme, by the Government of India, is aimed at financially supporting Indian students of economically weaker sections to pursue technical and professional studies from recognized institutions in India. Interest subsidies are granted for education loans taken from scheduled banks under the Educational Loan scheme of the Indian Banks Association. Under this scheme, interest subsidy is provided for the period of moratorium, which includes course period plus one year or course period plus six months after getting employed, whichever comes earlier. Find more details.
2. Educational Loan Scheme by the National Minorities Development and Finance Corporation (NMDFC)
Under this scheme, education loans are provided to eligible students belonging to Minorities, for pursuing job oriented studies. Educational loans are granted for pursuing technical and professional courses and also for studying abroad. Educational Loan Scheme by NMDFC is implemented through State Channelizing Agencies (SCAs). Find more details.
3. Educational Loan Scheme by the National Safai Karamcharis Finance and Development Corporation (NSKFDC)
Under the Education Loan Scheme of NSKFDC, education loans are offered to the members from the community of Safai Karamcharis\Manual Scavengers & their dependents for pursuing graduate, post graduate, technical and professional courses, and Ph.D studies. Loans are also given for pursuing approved job oriented diploma courses with minimum one year study. Find more details.
4. Educations loan schemes by the National Backward Classes Finance and Development Corporation (NBCFDC)-New Akanksha
Under this scheme, Education loans are given to members of Backward Classes for pursuing professional or technical courses, at graduate level and above. In order to qualify for the education loan under this scheme, the courses should be approved by authorities such as UGC, AICTE, Medical Council of India, etc . Find more details.
5. Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for Other Backward Classes (OBCs)
This scheme comes under the Educations loan schemes by the National Backward Classes Finance and Development Corporation (NBCFDC). Under this scheme of Interest Subsidy on educational loans for overseas studies, qualified students from Other Backward Classes (OBCs) are awarded interest subsidies on education loans for pursuing Masters and PhD level studies abroad. Find more details.
6. Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for Economically Backward Classes (EBCs)
This scheme comes under the Educations loan schemes by the National Backward Classes Finance and Development Corporation (NBCFDC). Under this scheme, eligible students from Economically Backward Classes (EBCs) are awarded interest subsidies on education loans for pursuing Masters and PhD level studies abroad. Find more details.
7. Education Loan by National Scheduled Castes Finance and Development Corporation (NSCFDC)
Eligible students are offered Educational Loans to pursue Professional or Technical courses approved by the Government of India or to study Abroad. Find more details.
8. Education loan by National Handicapped Finance and Development Corporation (NHFDC)
Under this scheme, eligible Indian students with 40% or more disability are offered education loans for pursuing higher studies in India or for studying abroad. The courses in India eligible for education loan under this scheme are graduate, postgraduate, and professional courses approved by authorities such as UGC, Government, AICTE, etc. Find more details.
7. Padho Pardesh – Scheme of Interest Subsidy on Educational Loans for Overseas Studies for the Students Belonging to the Minority Communities
Under this Education Loan scheme, eligible students belonging to economically weaker sections of minority communities are awarded interest subsidies on education loans for pursuing higher education abroad. This scheme is administered by the Ministry of Minority Affairs. Find more details.
For more information about PADHO PARDESH SCHEME, including the eligibility criteria, courses covered, and the duration of interest subsidy offered under the Padho Pardesh scheme, watch the video below:
Also read,
SCHOLARSHIPS FOR INDIAN STUDENTS- PART 1
SCHOLARSHIPS FOR INDIAN STUDENTS- PART 2
SCHOLARSHIPS FOR INDIAN STUDENTS- PART 3
SCHOLARSHIP SCHEMES BY THE MINISTRY OF MINORITY AFFAIRS, INDIA
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