Children of persons with a gross annual income not exceeding Rs. 2.50 lakhs for studies within India and Rs. 5.00 lakhs for studies abroad, as certified by the District Collector.

Yes, 50% of the total amount is reserved for BPL families. If there are not enough BPL candidates, the reserved amount will be available to other eligible candidates.

No, only one member of a family is eligible, except for BPL families.

The beneficiary or co-applicant must refund the entire loan amount within one year if the studies are discontinued.

Applications are processed by the Sikkim Industrial Development and Investment Corporation Ltd., which ensures that all eligibility criteria and necessary formalities are met.

Loans are disbursed after final government approval based on the recommendation of a committee comprising the Secretary of the Human Resource Development Department, the Director of the Directorate of Capacity Building, and the Managing Director of the Sikkim Industrial Development & Investment Corporation.

The loan amount is disbursed in proportion to different categories of people in Sikkim as per the State Government HRDD Notification.

Selection is based on merit, taking into account marks obtained in Board/University exams, and preference is given to those admitted to leading professional institutions like IIT, IIM, NIIT, and NIFT.

The Directorate of Capacity Building ensures wide publicity through Sikkim Herald regarding the scheme and submission deadlines, ensuring all eligible Sikkimese students are informed.

Yes, applicants must submit an affidavit stating they are not employed with any agency, have no outstanding dues with any financial institution, and meet any other necessary requirements.