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Education Loan Scheme

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🎯 Quick Insight

The Education Loan Scheme is a significant initiative categorized under Travel & Tourism. It is designed to provide targeted assistance to eligible beneficiaries, helping them achieve better outcomes in travel & tourism.

Complexity Medium
Popularity High
Verification Jan 2026

📝 Overview & Benefits

Maximum Loan Limit: Up to ₹30 lakhs (for studies in India) and upto ₹40 lakhs (for studies abroad) or 90% of course fee, whichever is less.

Rate of Interest:

For studies in India, upto ₹30 lakhs or 90% of course fee, whichever is less. The rate of interest for male candidates is 6% whereas for female candidates it is 5.5%. The repayment period must be within 10 years for loan upto Rs.10 lakh.

For studies abroad, upto ₹40 lakhs, or 90% of course fee, whichever is less. The rate of interest for male candidates is 7% whereas for female candidates it is 6.5%. The repayment period must be within 12 years for loan upto ₹10 lakhs.

The Moratorium Period is 6 months after course completion or getting employment, whichever is earlier in both the cases.

✅ Eligibility Criteria

The beneficiary (ies) should be from the Scheduled Caste Community.

Individuals, Partnership Firms, and Co-operative Societies can undertake income-generating activities.

The annual family income of each member/applicant should not exceed Rs.3.00 lakh.

Applicants must apply for financial assistance from NSFDC through the concerned State Channelizing Agencies (SCAs)/Channelizing Agencies (CAs).

Annual family income of the applicants should be within Rs.3.00 lakhs (for both rural and urban areas w.e.f. 08.03.2018) under Credit Based Schemes.

There is no income criterion under Skill Development Training Programmes.

🚀 Application Process

Online

Offline

Click on official website to apply for the scheme.





Fill the Education Loan Application Form with all the details.

Click on Submit.

📄 Documents Required

Proof of Identity (Aadhaar Card)

Passport Sized Photograph

Proof of Educational Qualification (Passing Certificate / Marksheet)

Caste Certificate (issued by the relevant authority of District Administration).

Annual Family Income Certificate on self-certification of the beneficiaries with the endorsement of the same by any Gazetted Officer notified by the State/Central government.

In the case of a loan being applied at the Bank (Channel Partner), Self-Certification assessed and endorsed by the Branch Manager can be treated as valid proof.

Bank Details of the Applicant.

❓ Frequently Asked Questions (FAQs)

What is the main objective of Education Loan Scheme?

The Education Loan Scheme is categorized under Travel & Tourism. Its primary objective is to deliver structured welfare, financial assistance, or developmental support to eligible beneficiaries across India.

Who is eligible to apply for this scheme?

Eligibility depends on specific criteria such as minimum age (18+), occupation (Open to all eligible categories), domicile, and income limits. Review the eligibility section above for step-by-step guidance.

What documents are usually required for application?

Applicants generally require valid government identity proof (Aadhaar Card, Voter ID, or PAN), address proof, active bank account details for direct benefit transfer (DBT), income certificate, and photographs.

Where can I officially submit the application?

Applications can be submitted online through official central/state government portals (such as myScheme.gov.in or state welfare department portals) or offline at designated nodal offices and Common Service Centres (CSC).

🏷️ Related Tags

Travel & Tourism Schemes 2026 Apply for Education Loan Scheme Government Welfare India

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💡 Editor's Tip

Before applying for Education Loan Scheme, ensure you have your Aadhar card and bank details ready. Most rejections happen due to mismatched documents.

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📋 Eligibility Tracker

  • Category Travel & Tourism
  • Min Age 18+
  • Residency India
  • Status ● Active

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