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Vidya Vardhini Scheme
Purpose
Pursuit of studies In India and abroad
Approved Courses
Graduate and postgraduate courses in engineering, computer technology, medicine etc. All vocational courses/job oriented diploma courses, recognised by government and universities. Similar courses pursued in universities abroad. Full time postgraduate research in any of the aforesaid subjects
Eligibility
Should be a citizen of India. For vocational training courses and job oriented course, age of the individual should be between 15-28 years, and 18-30 in case of postgraduate courses and/or studies abroad. The applicant should have a good academic record. For studies abroad, the candidate should have secured admission in a particular university after having appeared in the specific entrance examinations. The applicant should have secured a minimum of 50% marks in the major subject. In case of SC/ST candidates eligibility norms may be relaxed
Amount of Loan
The loan could vary depending on the specific subject requirement.
For studies abroad - Rs.15 lakh
For studies in India Rs.7.5 lakh
Margin
Upto Rs. 4 lakh - nil
For studies in India - 5%
For studies abroad - 15%
Repayment
Within 15 years from the first date of disbursement, including moratorium period
For updated information please visit Bank of India |
