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Finance for Education
Cent Vidyarthi Scheme Purpose
Aims at bringing education within the reach of students and help them improve their prospects in life Courses Approved
For pursuing Graduate/Postgraduate, Management/Job-oriented courses, Professional Courses of recognised Universities/reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more
For pursuing Postgraduate course in Science, Technology, Medicine, Engineering, Management, Law, Accountancy leading to Master's degree or Postgraduate Diploma in recognised University abroad
Eligibility
Should have a consistent good academic record in previous examinations with marks over 60% in 10th.& 12th or first grade in other cases (For SC/ST second class will be sufficient).
Amount of Loan
For studies in India: Upto Rs.7.50 lakh
For studies abroad: Upto Rs.15 lakh
Margin
Upto Rs.4 lakh - No margin
Over Rs.4 lakh (In India) - 5%
Over Rs.4 lakh (Abroad) - 15%
(Relaxation of loans upto Rs.50000 for SC/ST )
Rate of Interest
Upto Rs.4 lakh - PLR
Above Rs.4 lakh - PLR + 1%
For updated information please visit Central Bank |
