Scheme

Project Cost

Maximum Loan limit up to 90% of Project Cost

Interest Rate p.a. for

Repayment Period

Moratorium Period

CAs

Beneficiary

SCHEMES TO BE IMPLEMENTED THROUGH SCAs / PSBs / RRBs

EDUCATION LOAN

Educational Loan Scheme (ELS)

Education Loan Scheme (Domestic & Abroad) Upto Rs. 40.00 Lakh or 90% of course fee, whichever is less

2.5%

6.5%
  • Upto 12 years where repayment has not started.
  • Upto 10 years, where loan disbursed and repayment started
  • Course period plus 01 year, where repayment has not started.
  • Upto 6 months, where loan disbursed and repayment started.

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:

  1. Engineering (Diploma/ B.Tech /B.E, M.Tech/M.E.)
  2. Architecture (B.Arch/M.Arch)
  3. Medical (MBBS/MD/MS)
  4. Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)
  5. Pharmacy (B.Pharma/M.Pharma)
  6. Dental (BDS/MDS)
  7. Physiotherapy (B.Sc./M.Sc.)
  8. Pathology (B.Sc/M.Sc.)
  9. Nursing (B.Sc./M.Sc.)
  10. Information Technology (BCA/MCA)
  11. Management (BBA/MBA)
  12. Hotel Management & Catering Technology (Diploma /Graduation/Post Graduation)
  13. Law (LLB/LLM)
  14. Education (CT/NTT/B.Ed/M.Ed)
  15. Physical Education (C.PEd./B.PEd/ M.PEd)
  16. Journalism & Mass Communication (Graduation/Post Graduation)
  17. Geriatric Care (Diploma/Post Graduate Diploma)
  18. Midwifery (Diploma)
  19. Laboratory Technician (Diploma)
  20. Chartered Accountancy (CA)
  21. Cost Accountancy (ICWA)
  22. Company Secretaryship (CS)
  23. Actuarial Sciences (Graduation/ Post Graduation/FIA)
  24. 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.