Schemes

Education Loan Scheme of NSCFDC

Gender : Male/Female     Category : SC

• For Studies within India: Up to Rs. 10 lakh 

• For studies abroad: Up to Rs. 20 lakh 

90% of the expenditure of entire duration of the professional courses subject to a maximum loan limit of up to Rs. 1.875 lakh/ per beneficiary per annum ( for studying in India ) and up to Rs. 3.75 lakh/ per beneficiary per annum (for studying abroad) shall be provided considering the average duration of the course as four years. Balance 10% will have to be borne by the students. 

RECOVERY

Recovery (Principal and Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will have to be repaid in 20 quarterly instalments over a period of 5 years. The total currency of loan shall not exceed 10 years from the date of the first disbursement.

 

Benefit

MAXIMUM LIMIT OF LOAN

  • For Studies within India: Up to Rs. 10 lakh
  • For studies abroad: Up to Rs. 20 lakh

90% of the expenditure of entire duration of the professional courses subject to a maximum loan limit of up to Rs. 1.875 lakh/ per beneficiary per annum ( for studying in India ) and up to Rs. 3.75 lakh/ per beneficiary per annum (for studying abroad) shall be provided considering the average duration of the course as four years. Balance 10% will have to be borne by the students.

EXPENSES COVERED

  1. Admission Fees & Tuition Fees
  2. Books, Stationary and other instruments required for the course.
  3. Examination Fee.
  4. Boarding &Lodging expenses.
  5. The Insurance premium for policy for ensuring loanees against death or permanent disability.
  6. Travel Expenses/ Passage Money for studying abroad.
  7. Caution Money, Development Fund etc.

RATE OF INTEREST

5% per annum (1% rebate in case of women Beneficiaries) 

Elegibility

(i) Students should have Scheduled Caste Certificate issued by the
Competent Authority.
(ii) Annual family income should be less than Rs. 98,000/-. In rural areas and
Rs. 1,20,000/- in urban areas.
(iii) The applicant should have secured admission to the educational
an institution on the basis of JEE/CAT etc. PROFESSIONAL / TECHNICAL
COURSES COVERED Full time professional / Technical courses in the
fields of Engineering, Architecture, Medical, Dental, Physiotherapy,
Management, Information Technology, Hotel Management &
Catering Technology, Biotechnology, Law Education Journalism &
Mass Communication CA ICWA CS AMIE FIA IETE & Higher
Education like Doctoral Studies leading to M.Phil/ PhD from
Government Recognized Institutions

Contact Department

Address: Head Office of the West Bengal Scheduled Caste & Scheduled Tribes Development & Finance Corporation at MANGALIK, CF-217/A/1 SECTOR-I, SALT LAKE, KOLKATA -700064

Contact No: TEL- – 033-40261500, Fax- 40261533

E-mail: wbsstdfc@gmail.com

Detail information - https://wbscstcorp.gov.in/readwrite/nsfdc_loan_scheme.pdf

Website - https://wbscstcorp.gov.in/

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