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Education & Learning; Social welfare & Empowerment

Education Loan Scheme - Delhi

"Education Loan Scheme" provides financial assistance to the SC/ST/OBC/PwD students for pursuing professional and technical education in India and abroad, with loan limits of ₹7,50,000/- and ₹15,00,000/- respectively. Delhi residents with an annual family income below ₹5,00,000/- are eligible.

Authority

State/ UT

Region

Delhi

Status

Verified 2026

Updated

March 2026

What you get

- Need-based finance with a ceiling of ₹7,50,000/- for studies in India. | - Need-based finance with a ceiling of ₹15,00,000/- for studies abroad. | _No promoter’s contribution required for loans up to ₹4,00,000/-._ | _For loans above ₹4,00,000/-, 5% contribution is required for studies in India and 15% for studies abroad._ | _Loan repayment period is up to 10 years after the commencement of repayment or until the date of employment, whichever is earlier._ | _The applicant has the option to repay the loan earlier if desired._

Who can apply

The applicant must be a permanent resident of Delhi.; The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.; The annual income of parents/guardian should be below ₹5,00,000/-.; The applicant must have secured admission in a recognized/Government/Technical Institution in India or abroad.; The College/Institute should have been offering the course for the last three years.; The College/Institute should be recognized by the Central/State Government or by appropriate authorities such as UGC (University Grants Commission), AICTE (All India Council for Technical Education), etc.; The duration of the course should not exceed 5 years.; The borrower must not participate in any unlawful activity that would debar them from pursuing studies and must follow all rules and regulations laid down by the educational institution.; The borrower must not enter into any pecuniary obligation or financial liability during the currency of the loan.; The borrower must strive to secure suitable employment after completing the course and furnish full particulars of such employment, including income details, to DSFDC.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What categories of students are eligible to apply for this education loan if they are residents of Delhi?

Students belonging to Scheduled Caste, Scheduled Tribe, Other Backward Classes, Minorities, and Persons with Disabilities who are residents of Delhi are eligible to apply.

What is the maximum annual family income limit to be eligible for this education funding?

The annual income of parents/guardian should be below [?]5,00,000/- (Rupees Five Lakhs only), which must be proven through an income certificate issued by the Office of the Sub-Divisional Magistrate.

What kind of educational institutions are considered eligible for this funding program?

The college/institute should be a recognized/Government Technical Institution anywhere in India that has been offering the course for at least the last three years and is recognized by Central/State Government or authorities like UGC, AICTE.

Is there a maximum duration limit for the course I want to pursue under this funding scheme?

Yes, the duration of the course shall not exceed 5 years to be eligible for this education loan.

What is the maximum loan amount I can get if I want to study within India?

For studies in India, the maximum loan amount available is [?]7,50,000/-.

If I plan to study abroad, what would be the maximum loan amount I could apply for?

For studies abroad, the maximum loan amount available is [?]15,00,000/-.

What academic documents do I need to provide when applying for this student loan?

You need to provide a copy of the mark sheet of your last examination based on which you have obtained admission in the present/particular course.

How many photographs do I need to submit with my education loan application?

You need to submit four passport-size photographs each of the borrower, co-borrower, and guarantor, plus one full-size photograph of the borrower if you belong to the Persons with Disabilities category.

Do I need to provide proof that I haven't taken similar funding from other sources?

Yes, you need to submit an affidavit stating that no loan has been availed from any Government Agency for the same purpose.

What banking information do I need to provide as part of my application process?

You need to provide statements of bank accounts for the last six months of both the borrower and co-borrower, along with signature identification from the bank.

Do I need to contribute any amount from my side when taking this education loan?

No promoter's contribution is required up to [?]4.00 lakh loan; however, for loans above [?]4.00 lakh, you need to contribute 5% for education in India and 15% for education abroad.

What options do I have for providing security for my education loan?

You can either provide a guarantor, or original collateral security in the form of NSC/KVP/FDR with a letter of lien in favor of DSFDC, or original property documents for mortgage.