This scheme is for providing financial assistance in pursuing full-time Professional/Technical courses.
| Student | Loan Amount | Interest Rate per annum chargeable to | |
| SCAs | Student | ||
| For students within India | Upto 90% of the Course Fee or Rs.30.00 Lakhs, whichever is less | 2% | 6.5% (0.5% rebate for women beneficiaries) |
| For abroad students | Upto 90% of the Course Fee or Rs.40.00 Lakhs, Whichever is less. | 3% | 7.5% (0.5% rebate for women beneficiaries) |
Repayment Period: Within 10 years for loan upto Rs.10 lakh / Within 12 years for loan above Rs.10 lakh.
Moratorium Period: 6 months after course completion or getting employment, whichever is earlier.
Professional/Technical Courses Covered:
Educational Loan shall be provided to eligible students for pursuing regular full time Professional / Technical recognized courses approved by the Government in the following fields in India or abroad :
- 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 like Doctoral Studies leading to M.Phil/PhD from Recognized Institutions
