- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Education Loan Scheme under NSFDC- Haryana
Haryana
Education Loan
HSFDC
NSFDC
Scheduled Caste
Student
Details
The scheme "Education Loan Scheme under NSFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Scheduled Castes Finance & Development Corporation (NSFDC). The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India.
This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹30 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized courses in India or abroad.
Objective of the Scheme:
- To extend loans to the eligible scheduled caste students for pursuing full time professional /technical education.
The Education Loan is meant to cover:
- Admission fees & Tuition Fees.
- Books, Stationery, and other instruments required for the course.
- Examinations fees.
- Boarding and lodging expenses.
- Insurance premium for policy for insuring loanees against the loan in case of death or permanent disability.
- Travel Expenses/passage money for studying abroad.
- Caution Money, development fund, etc.
The educational loan shall be provided through the state channelizing agencies to concerned Government Recognized Educational Institutions where the students have secured admission. In the case of Foreign countries, only those institutions shall be considered which are duly recognized by the concerned authorities
Professional/Technical Courses Covered:
A regular full time recognized courses in engineering, (Diploma/B.Tech/B.E., M.Tech/M.E.), Architecture (B.Arch/ M.Arch), Medical (MBBS/ MD/MS), Biotechnology/ Microbiology/ Clinical Technology (Diploma/ Degree), Pharmacy (B.Pharma/ M.Pharma), Dental (BDS,MDS), Physiotherapy (B.SC./ M.SC.), Pathology (B.SC./ M.SC.), Nursing (B.SC/ M.SC), Information Technology (BCA/MCA), Management (BBA/MBA), Hotel Management (BBA/MBA), Hotel Management & catering Technology (Diploma/ Graduation/ Post Graduation), Law (LLB,LLM), Education (CT/NTT/ B.Ed/M.Ed), Physical Education (C.PED/B.PED/ M.PED), journalism & Mass Communication (Graduation/Post Graduation), Geriatric care (Diploma/Post Graduation Diploma), Midwifery (Diploma), Laboratory Technician ( Diploma), Chartered Accountancy (CA), Cost Accountancy (ICWA), Company Secretary Ship(CS), Actuarial Sciences (Graduation/Post Graduation/FIA), Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication and Higher education like Doctoral Studies leading to M.Phil/PHD from recognized institutions.
Benefits
Maximum Loan Limit:
- For studies within India: Up to ₹10,00,000/-
- For studies abroad: Up to ₹30,00,000/-
Recovery:
- Recovery (Principal & Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installments in 5 years from the date of first disbursement.
- There would be a tag/maker on the Diploma/Degree of the student indicating his repayment liabilities.
Note: The Educational Loan, shall, however, be restricted to cover the admissible expenses for the remaining years of study on a pro-rate basis. Further, all Educational Loans shall be sanctioned & disbursed on a case-to-case basis.
Eligibility
- The applicant should be a permanent resident of Haryana.
- The applicant should belong to the Scheduled Caste Community.
- The applicant's age should be between 18 and 45 years.
- The applicant's annual family income should not exceed ₹3,00,000/-.
- These loans are available to students pursuing regular full-time recognized professional/technical courses in India or abroad.
- The education loan for a particular student shall be made admissible only once either at Diploma/Graduation or Post Graduation Diploma/Post Graduation level. However, an Educational Loan shall be offered to a student who secures admission in any integrated course of a longer duration covering both levels.
Note 1: 50% of the beneficiaries having annual family income up to ₹1,50,000/- and balance 50% of the beneficiaries have annual family income above ₹1,50,000/- and upto ₹3,00,000/-.
Note 2: NSFDC`s Educational Loan shall also be admissible for students of the target group who have secured admission to technical /professional courses prior to 1.12.2009 subject to the condition that they have not availed Educational Loan from any other institution.
Application Process
Online
Offline
Registration Process on Haryana Scheduled Castes Finance and Development Corporation:
Step 1: Visit the official website of Haryana Scheduled Castes Finance and Development Corporation and select the scheme under ‘NSFDC Assisted Scheme’.
Step 3: Fill in your details, including your name, Aadhaar number, email, mobile number, and captcha code, then click "Register."
Step 4: Enter the OTP sent to your mobile and click "Submit."
Step 5: The application form will open.
Step 6: Enter your details and upload the required documents.
Step 7: Click "Submit" to complete your application, and you will receive your user ID and password.
Login to apply for the scheme:
Step 1: Visit the official website of the Haryana Scheduled Castes Finance and Development Corporation and on the home page, click on ‘Login’ option.
Step 2: Enter your user ID/Username, password, and captcha code.
Step 3: Click "Login."
Step 4: Once logged in, the dashboard will open in front of you Click on "Edit Profile."
Step 5: Fill in all the required details, upload required documents, and update other details.
Step 6: Click "Final Submit."
Step 7: After submitting, you can print out your application for your records.
Registration Process on Antyodaya-SARAL Portal:
Step 1: The eligible applicant may apply online through the Official Portal- Antyodaya-SARAL Portal.
Step 2: If the applicant is not registered on the portal, he/she gets registered there.
Step 3: For registration, click “New User” under ‘Sign In Here’ and fill in all the mandatory details i.e. Name, Email ID, Mobile Number, Password & State. Click on ‘Submit’.
Step 4: Verify your mobile number and email ID through the received OTP and complete the registration process.
Login to apply for the scheme:
Step 1: To avail the benefits of the scheme, visit the Official Antyodaya-SARAL Portal and log in through the email ID used while registering.
Step 2: Enter Password & Captcha and click on ‘Login’.
Step 3: After successful login, click on ‘Apply for Services’ and then ‘View all Available Services’
Step 4: Now, you can search for the scheme and click on the scheme to go ahead and fill out the application form.
Step 5: Fill in all the mandatory details and upload all the mandatory documents.
Step 6: Preview the application form and click on ‘Submit’.
Tracking of Application:
Applicants can track their applications through the Official Antyodaya-SARAL Portal by entering their Department Name, Scheme Name, and Application Reference ID.
Documents Required
- A certificate from the Indian embassy Consulate on confirmation of admission given to the applicant
- Aadhaar Card
- Parivar Pehchaan Patra (PPP ID)
- Resident Proof/Address Proof i.e. Ration Card
- Accreditation status of the Course for which loan is to be availed in case of abroad study
- Accreditation status of the Educational institution for which the loan is to be availed
- Adequate Qualification and Experience Documents
- Approval or Clearance Certificate from Competent Authority if Required only above Loan Cases of ₹1,00,000/-.
- Copy of admission confirmation from an educational institute with fee and other charges payment schedule yearly
- Copy of Foreign exchange permit if applicable
- A copy of the Identity card issued by the Institute if admission has already been taken
- Copy of passport or visa number etc. if studying abroad
- Copy of school leaving certificate in support of date of birth
- A copy of the prospectus of the course for which the loan is sought
- Income Certificate
- Loan Application form duly filled up or SC Certificate
- SC Certificate from the competent authority
- Any other documents as required
Frequently Asked Questions
Who implements the scheme?
The scheme is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Scheduled Castes Finance & Development Corporation (NSFDC).
What is the objective of the scheme?
The objective of the scheme is to extend loans to eligible Scheduled Caste students for pursuing full-time professional or technical education.
What expenses does the education loan cover?
The education loan covers admission fees, tuition fees, books, stationery, instruments, examination fees, boarding and lodging expenses, insurance premiums, travel expenses for studying abroad, caution money, and development funds.
What is the maximum loan amount for studies within India?
The maximum loan amount for studies within India is ₹10 lakhs.
What is the maximum loan amount for studies abroad?
The maximum loan amount for studies abroad is ₹30 lakhs.
When does the recovery of the loan start?
Recovery of the loan (principal and interest) starts after 6 months of course completion or getting employment, whichever is earlier.
How is the loan repaid?
The loan is repaid in 20 quarterly installments over 5 years from the date of the first disbursement.
Who is eligible to apply for the loan?
Permanent residents of Haryana who belong to the Scheduled Caste community, aged between 18 and 45 years, with an annual family income not exceeding ₹3 lakhs, are eligible to apply.
Can students pursuing integrated courses apply for the loan?
Yes, students who secure admission in integrated courses covering both diploma/graduate and postgraduate levels can apply.
Is there a tag or marker on the student's degree indicating loan repayment liabilities?
Yes, there would be a tag or marker on the student's diploma/degree indicating their repayment liabilities.
How can one apply for the loan?
Eligible applicants can apply online through the official portal, Antyodaya-SARAL Portal (https://saralharyana.gov.in/). OR the official website of Haryana Scheduled Castes Finance and Development Corporation. http://hsfdc.org.in/
Is the loan available for both diploma and postgraduate studies?
Yes, the loan is available for diploma, graduation, and postgraduate levels, but only once per student.
Can students apply for loans for short-term courses?
No, the scheme is for regular full-time recognized professional/technical courses only.
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Something went wrong. Please try again later.
You need to sign in before applying for schemes
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It seems you have already initiated your application earlier.To know more please visit
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You need to sign in before applying for schemes
Something went wrong. Please try again later.
It seems you have already initiated your application earlier.To know more please visit
Apply Now
Check Eligibility
Education Loan Scheme under NSFDC- Haryana
Haryana
Education Loan
HSFDC
NSFDC
Scheduled Caste
Student
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
The scheme "Education Loan Scheme under NSFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Scheduled Castes Finance & Development Corporation (NSFDC). The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India.
This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹30 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized courses in India or abroad.
Objective of the Scheme:
- To extend loans to the eligible scheduled caste students for pursuing full time professional /technical education.
The Education Loan is meant to cover:
- Admission fees & Tuition Fees.
- Books, Stationery, and other instruments required for the course.
- Examinations fees.
- Boarding and lodging expenses.
- Insurance premium for policy for insuring loanees against the loan in case of death or permanent disability.
- Travel Expenses/passage money for studying abroad.
- Caution Money, development fund, etc.
The educational loan shall be provided through the state channelizing agencies to concerned Government Recognized Educational Institutions where the students have secured admission. In the case of Foreign countries, only those institutions shall be considered which are duly recognized by the concerned authorities
Professional/Technical Courses Covered:
A regular full time recognized courses in engineering, (Diploma/B.Tech/B.E., M.Tech/M.E.), Architecture (B.Arch/ M.Arch), Medical (MBBS/ MD/MS), Biotechnology/ Microbiology/ Clinical Technology (Diploma/ Degree), Pharmacy (B.Pharma/ M.Pharma), Dental (BDS,MDS), Physiotherapy (B.SC./ M.SC.), Pathology (B.SC./ M.SC.), Nursing (B.SC/ M.SC), Information Technology (BCA/MCA), Management (BBA/MBA), Hotel Management (BBA/MBA), Hotel Management & catering Technology (Diploma/ Graduation/ Post Graduation), Law (LLB,LLM), Education (CT/NTT/ B.Ed/M.Ed), Physical Education (C.PED/B.PED/ M.PED), journalism & Mass Communication (Graduation/Post Graduation), Geriatric care (Diploma/Post Graduation Diploma), Midwifery (Diploma), Laboratory Technician ( Diploma), Chartered Accountancy (CA), Cost Accountancy (ICWA), Company Secretary Ship(CS), Actuarial Sciences (Graduation/Post Graduation/FIA), Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication and Higher education like Doctoral Studies leading to M.Phil/PHD from recognized institutions.
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