What you get
Who can apply
A student who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by Central or State education Boards or in a college affiliated to a recognized university, training partners affiliated to National Skill Development Corporation (NSDC) / Sector Skill Councils, State Skill Mission, State Skill Corporation
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the maximum loan one can avail in the scheme?
Student satisfying the eligibility can avail the loan amount upto Rs. 1,50,000 .
What is MCLR under rate of interest?
Marginal Cost of Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend.It varies from bank to bank.
What is moratorium period?
A moratorium period refers to a particular period of a loan tenure during which the borrower does not have repay anything. It can be described as a waiting period before the borrower will have to start paying the equated monthly installments (EMIs) for his or her loan.