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SKILL LOAN SCHEME

Eligibility :

Parents/ Guardians of students pursuing school education from Nursery standard to 12th Standard.

Eligibility Criteria :


  • Any individual who has secured admission in a course run by Industrial Training Institutes (it is), Polytechnics or in a School recognized by Central or State Education Boards or in a College affiliated to recognized University, Training Partners affiliated to National Skill Development Corporation (NSDC) / Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a Certificate / Diploma / Degree issued by such Organization as per National Skill Qualification Framework (NSQF) is eligible for loan under the Scheme.
  • The Government of India / State Governments may, from time to time, notify Institutes / Organizations for this purpose, which will be advised accordingly.
  • Courses run by above mentioned Training Institutes aligned to National Skill Qualification Framework (NSQF) shall be covered by the “Skill Loan Scheme”.
  • Course Duration :


  • There is no specific restriction with regard to the age of the student to be eligible for skilling loan.
  • Minimum Age :

  • There is no specific restriction with regard to the age of the student to be eligible for skilling loan.
  • However, if the student is a minor, while the parent executes documents for the loan, the branches will obtain a letter of acceptance / ratification from him / her (student) upon attaining majority.
  • Purpose :


  • "Skill Loan Scheme" aims at providing a loan facility to individuals who intend to take up skill development courses as per the Skilling Loan Eligibility Criteria
  • Quantum of Finance :

  • Minimum quantum of finance is Rs. 5,000/- and maximum Rs.150,000/-.
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