For Studies in India - Scheme Highlights
Purpose :
To meet the cost of education covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc.
Approved courses:
Computer Courses: Part-time/Full-time in Institutes approved by Government of India (Department of Electronics)
Duration of the course: Minimum - 12 months Maximum - 48 months
Amount of loan :
- For Computer Courses: Maximum: Rs.1.00 lac
- For other professional courses: Maximum: Rs.3.50 lacs
Margin :
Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15%
Rate of Interest: Upto Rs.2.00 lacs: 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e. 13.5%)