Skill Loan Scheme

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

    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.

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