Educational / Study Loans by Banks - Basic Ideas

[Kalyan]

Hi Acumen's,

Education is central to the Human Resources Development and empowerment in any country. National and State level policies are framed to ensure that this basic need of the population is met through appropriate public and private sector initiatives.


The Educational Loan Scheme aims at providing financial support from the banking system to deserving / meritorious students for pursuing higher / professional / technical education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions.


ELIGIBILITY CRITERIA

Studies in India:

School education including plus 2 stage

Graduation Courses

B.A., B.Com., B.Sc., etc.

Post Graduation Courses

Masters & Ph.D.

Professional Courses

Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.

Computer certificate courses of reputed institutes accredited to Department of Electronics or institutes affiliated to university
Courses like ICWA, CA, CFA, etc.

Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.

Courses offered in India by reputed foreign universities

Evening courses of approved institutes

Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc.

Courses offered by National Institutes and other reputed private institutions

Studies Abroad

Graduation

For job oriented professional / technical courses offered by reputed universities

Post Graduation

MCA, MBA, MS, etc.

Courses conducted by CIMA - London, CPA in USA etc.

Student Eligibility:

Should be an Indian National

Secured admission to professional / technical courses through Entrance Test / Selection process

Secured admission to foreign university / institutions

Should have scored minimum 60% (50% for SC/STs) in the qualifying examination for admission to graduation courses