NSFDC Education Loan Scheme for SC Students Haryana
Overview
The Education Loan Scheme under NSFDC for Haryana provides financial assistance to Scheduled Caste students for pursuing higher education in India or abroad. The scheme is implemented through the Haryana Scheduled Castes Finance and Development Corporation as a channelizing agency for NSFDC.
Objective
The scheme aims to remove financial barriers to higher education for SC students in Haryana. By providing concessional loans, it helps talented students from disadvantaged backgrounds access professional, technical, and post-graduate education.
Benefits
- Loans up to Rs. 10 lakh for studies in India
- Loans up to Rs. 20 lakh for studies abroad
- Concessional interest rates well below commercial bank rates
- Covers tuition fees, hostel charges, and other educational expenses
- Repayment begins after course completion and employment
Eligibility
- Students belonging to Scheduled Caste communities in Haryana
- Admission secured in a recognized institution in India or abroad
- Annual family income within the prescribed NSFDC limit
- Must not have availed education loans under other NSFDC-linked schemes for the same course
Exclusions
- Non-SC students are not eligible
- Correspondence or distance learning courses may not qualify
- Students with existing defaults on government loans
Application Process
- Apply through the Haryana Scheduled Castes Finance and Development Corporation
- Fill the education loan application form with full details of the course
- Submit documents including admission letter and fee structure
- Application is reviewed and forwarded to NSFDC for final approval
- Loan is disbursed directly to the educational institution or student account
Documents Required
- Scheduled Caste certificate
- Admission letter from the institution
- Fee structure from the institution
- Income certificate of the family
- Aadhaar card and residence proof
- Marksheets from last qualifying examination
- Bank passbook copy
