Central Bank Of India

[NAREN]

Central Bank Of India

FINANCE FOR EDUCATION

CENT VIDYARTHI SCHEME :

Aims at bringing Education within the reach of students and help them improve their prospects in life.

'Higher Studies in India'

For persuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognised Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.

STUDIES ABROAD

For persuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master's degree or Post-Graduate Diploma in recognised University abroad.

Eligibility

Should have consistent good academic record in previous examinations with marks over 60 % in 10th.& 12th or first grade in other cases.
(For SC/ST Second class will be sufficient).

Age

16 to 28 years
Relaxation by 2 years for SC/ST

Quantum of Loan

India       Upto Rs.7.50 lakh
Abroad    Upto Rs.15 lakh

Margin

Up to Rs.4 lakh                 No Margin

Over Rs.4 lakh

  - In India                         5%
  - Studies Abroad             15%

Relaxation of loans upto Rs.50,000/-for SC/ST

Interest

Upto Rs.4 lakh              PLR
Above Rs.4 lakh            PLR + 1%

[sajiv]

Central banks tightening policy

http://youtube.com/watch?v=nnWuN16xYJA