1. Eligibility & Documents required

Applicant should be an Indian National and secured admission to professional/ technical courses through Entrance test/ Merit based selection process in India or abroad.

2. Eligible for
Studies in India
Studies Abroad

Graduation Courses:
B.A., B.Sc., B.Com., etc.

Post Graduation courses :
Masters and Ph.D.

Professional Courses :
Engineering, Medical, Agriculture, Law, Management, Computer studies, etc.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Nursing/Teachers Training Courses for a period of one year and above from recognised colleges/institutions leading to Diploma/Degree certificate.
Other Courses leading to Diploma/Degree conducted by Colleges/Universities approved by UGC/Government/AICTE/AIBMS
Job-oriented courses Professional /Technical courses offered by reputed Universities

Post Graduation
MCA, MBA, MS etc.
Courses conducted by CIMA, London, CPA in USA, etc.

Commercial Pilot Training both within and outside India, provided the colleges/institutions providing the training conform to the scheme guidelines

1. Eligibility
Applicant should be an Indian National and secured admission to professional/ technical courses through Entrance test/ Merit based selection process in India or abroad.

2. Eligible for
Studies in India
Studies Abroad

Graduation Courses
B.A., B.Sc., B.Com., etc.

Post Graduation courses
Masters and Ph.D.

Professional Courses
Engineering, Medical, Agriculture, Law, Management, Computer studies, etc.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Nursing/Teachers Training Courses for a period of one year and above from recognised colleges/institutions leading to Diploma/Degree certificate.
Other Courses leading to Diploma/Degree conducted by Colleges/Universities approved by UGC/Government/AICTE/AIBMS
Job-oriented courses Professional /Technical courses offered by reputed Universities

Post Graduation
MCA, MBA, MS etc.
Courses conducted by CIMA, London, CPA in USA, etc.

Commercial Pilot Training both within and outside India, provided the colleges/institutions providing the training conform to the scheme guidelines

3. Expenses Eligible for Finance
Fee payable to College/ School/ Hostel Purchase of books/ equipment/ instruments/ uniforms
Caution deposit/ Refundable deposit supported by bills.Travel expenses/ Passage money for studies abroad Any other expense required to complete the course - like study tours, project work, thesis etc.

4. Quantum of Finance
Need based finance subject to repaying capacity of the parents/ student with following ceilings

Studies in India - Rs 10.00 lakh
Studies abroad - Rs 20.00 lakh

5. Margin
Upto Rs.4.00 lakh
Nil
Above Rs.4.00 lakh for studies in India
5%
Above Rs.4.00 lakh for studies abroad
15%

6. Security
Upto Rs.4.00 lakh
No security

Above Rs.4.00 lakh and upto Rs.7.50 lakh
Collateral inthe form of a satisfactory third party guarantee

Above Rs.7.50 lakh
Collaeral Security of suitable value or third party guarantee along with the assignment of future income of the student for payment of instalments.

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