5 education loan schemes by central, state governments
Want to turn your dreams into reality? Check out these five education loan schemes by central and state governments that can be helpful for your future run.
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Central Sector Interest Subsidy Scheme (CSIS): Under this Scheme, an Interest Subsidy is given during the course period plus one year on an Education Loan taken from the Scheduled Banks under the Model Education Loan Scheme of the Indian Banks Association to economically weaker section students.
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Vidya Lakshmi Portal Education Loan: This portal allows students to apply for education loans. 38 banks are registered under this portal and provide 85 loan schemes to students.
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Higher Education and Skill Development Guarantee Scheme: The Delhi government introduced this scheme for meritorious students who wish to pursue diploma or degree-level courses or specified skill development courses in Delhi and have completed their class X and class XII from Delhi.
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NBCFDC Educational loan: The National Backward Classes Finance and Development Corporation provides educational loans to students of backward classes living below double the poverty line to pursue general/ professional/technical courses or training at graduate and/or higher levels.
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Padho Pardesh: The Padho Pardesh scheme is a central government program that provides interest subsidies to minority students pursuing master's, M.Phil, or Ph.D. degrees abroad. The scheme's objective is to award interest subsidies to meritorious students belonging to economically weaker sections of notified minority communities.