- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
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Education Loan Scheme under NSFDC- Haryana
Haryana
Details
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.
Professional/Technical Courses Covered:
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.
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.
Application Process
Registration Process on Haryana Scheduled Castes Finance and Development Corporation:
Registration Process on Antyodaya-SARAL Portal:
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.
News and Updates
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You need to sign in before applying for schemes
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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
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.
Professional/Technical Courses Covered:
Share
News and Updates
No new news and updates available