Comprehensive Educational Loan Scheme - Sikkim
in Sikkim
Last updated:
Comprehensive Educational Loan Scheme - Sikkim in Sikkim
Comprehensive Educational Loan Scheme - Sikkim is a government scheme available to eligible residents of Sikkim.
Apply for Comprehensive Educational Loan Scheme - Sikkim in Sikkim
Scheme Overview
The "Comprehensive Educational Loan Scheme" was launched by the Department of Personnel, and Reforms, Training, Public Grievances, Government of Sikkim. The scheme aims to provide loans free of interest for the duration of one particular course of study with one one-year moratorium period offered...
Eligibility Criteria
The applicant should be a student.
The applicant's family annual income should not exceed ₹2,50,000/- for studies within India and ₹5,00,000/- for studies abroad.
The institution where the applicant wants to study, whether in India or abroad, must be recognized by the relevant authority in India.
Only one member per family shall be considered for the benefit, except in the case of Below Poverty Line (BPL) families.
Only members of Below Poverty Line (BPL) families will be considered for the study in Sikkim.
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Note: Children of Government/Public Sector Undertaking employees are also eligible.
Benefits
The maximum loan amount is ₹5,00,000/- for full-time professional courses within Sikkim
The loan amount of ₹7,50,000/- for studies in India, and ₹15,00,000/- for studies abroad.
Note: In case of discontinuity of studies or the loanee dies, the co-applicant shall be liable to refund the entire amount of the loan within a period not exceeding one year.
Required Documents
| # | Document |
|---|---|
| 1 | Income Certificate (certified by the District Collector). |
| 2 | Admission proof from a recognized institution. |
| 3 | Affidavit of not being employed. |
| 4 | Project viability and technical feasibility certification. |
How to Apply in Sikkim
Step 1: The interested applicant should visit (during office hours) the Sikkim Industrial Development & Investment Corporation and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue a…
Offline Step 1: The interested applicant should visit (during office hours) the Sikkim Industrial Development & Investment Corporation and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Offline Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the Sikkim Industrial Development & Investment Corporation.
Offline Step 3: Submit the duly filled and signed application form along with the documents to the Sikkim Industrial Development & Investment Corporation.
Step 4: Request a receipt or acknowledgment from the Sikkim Industrial Development & Investment Corporation to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and…
Offline Step 4: Request a receipt or acknowledgment from the Sikkim Industrial Development & Investment Corporation to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Common questions in Sikkim
Who can apply for Comprehensive Educational Loan Scheme - Sikkim in Sikkim?
Eligible residents of Sikkim who meet the scheme’s overall criteria can apply for Comprehensive Educational Loan Scheme - Sikkim. Refer to the eligibility section above for the complete checklist.
What documents are required for Comprehensive Educational Loan Scheme - Sikkim in Sikkim?
Applicants in Sikkim typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Children of persons with a gross annual income not exceeding Rs. 2.50 lakhs for studies within India and Rs. 5.00 lakhs for studies abroad, as certified by the District Collector.