Education Loan Scheme under NSFDC- Haryana
in Haryana
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Education Loan Scheme under NSFDC- Haryana in Haryana
Education Loan Scheme under NSFDC- Haryana is a government scheme available to eligible residents of Haryana.
Apply for Education Loan Scheme under NSFDC- Haryana in Haryana
Scheme Overview
This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹30 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized courses in India or abroad.
Eligibility Criteria
The applicant should be a permanent resident of Haryana.
The applicant should belong to the Scheduled Caste Community.
The applicant's age should be between 18 and 45 years.
The applicant's annual family income should not exceed ₹3,00,000/-.
These loans are available to students pursuing regular full-time recognized professional/technical courses in India or abroad.
The education loan for a particular student shall be made admissible only once either at Diploma/Graduation or Post Graduation Diploma/Post Graduation level. However, an Educational Loan shall be offered to a student who secures admission in any integrated course of a longer duration covering both levels.
**Note 1:** 50% of the beneficiaries having annual family income up to ₹1,50,000/- and balance 50% of the beneficiaries have annual family income above ₹1,50,000/- and upto ₹3,00,000/-.
**Note 2:** NSFDC`s Educational Loan shall also be admissible for students of the target group who have secured admission to technical /professional courses prior to 1.12.2009 subject to the condition that they have not availed Educational Loan from any other institution.
Benefits
> **Maximum Loan Limit:**
For studies within India: **Up to ₹10,00,000/-** - For studies abroad: **Up to ₹30,00,000/-**
> **Recovery:**
Recovery (Principal & Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installments in 5 years from the date of first disbursement.
There would be a tag/maker on the Diploma/Degree of the student indicating his repayment liabilities.
**Note:** The Educational Loan, shall, however, be restricted to cover the admissible expenses for the remaining years of study on a pro-rate basis. Further, all Educational Loans shall be sanctioned & disbursed on a case-to-case basis.
Required Documents
| # | Document |
|---|---|
| 1 | A certificate from the Indian embassy Consulate on confirmation of admission given to the applicant |
| 2 | Aadhaar Card |
| 3 | Parivar Pehchaan Patra (PPP ID) |
| 4 | Resident Proof/Address Proof i.e. Ration Card |
| 5 | Accreditation status of the Course for which loan is to be availed in case of abroad study |
| 6 | Accreditation status of the Educational institution for which the loan is to be availed |
| 7 | Adequate Qualification and Experience Documents |
| 8 | Approval or Clearance Certificate from Competent Authority if Required only above Loan Cases of ₹1,00,000/-. |
| 9 | Copy of admission confirmation from an educational institute with fee and other charges payment schedule yearly |
| 10 | Copy of Foreign exchange permit if applicable |
| 11 | A copy of the Identity card issued by the Institute if admission has already been taken |
| 12 | Copy of passport or visa number etc. if studying abroad |
| 13 | Copy of school leaving certificate in support of date of birth |
| 14 | A copy of the prospectus of the course for which the loan is sought |
| 15 | Income Certificate |
| 16 | Loan Application form duly filled up or SC Certificate |
| 17 | SC Certificate from the competent authority |
| 18 | Any other documents as required |
Common questions in Haryana
Who can apply for Education Loan Scheme under NSFDC- Haryana in Haryana?
Eligible residents of Haryana who meet the scheme’s overall criteria can apply for Education Loan Scheme under NSFDC- Haryana. Refer to the eligibility section above for the complete checklist.
What documents are required for Education Loan Scheme under NSFDC- Haryana in Haryana?
Applicants in Haryana typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Scheduled Castes Finance & Development Corporation (NSFDC).