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EDUCATIONAL LOAN SCHEME(ELS)

SchemeProject CostMaximum Loan limit up to 90% of Project CostInterest Rate p.a. forRepayment PeriodMoratorium Period
CAsBeneficiary
SCHEMES TO BE IMPLEMENTED THROUGH SCAs / PSBs / RRBs
EDUCATION LOAN
Educational  Loan Scheme (ELS)Education Loan Scheme (Domestic & Abroad) Upto Rs. 40.00 Lakh  or 90% of course fee, whichever is less2.5%6.5%Upto 12 years where repayment has not started. Upto 10 years, where loan disbursed and repayment startedCourse period plus 01 year, where repayment has not started. Upto 6 months, where loan disbursed and repayment started.

Professional/Technical Courses Covered:

Educational Loan shall be provided to eligible students for pursuing regular full time Professional / Technical recognized courses approved by the Government in the following fields in India or abroad :

  1. Engineering (Diploma/ B.Tech /B.E, M.Tech/M.E.)
  2. Architecture (B.Arch/M.Arch)
  3. Medical (MBBS/MD/MS)
  4. Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)
  5. Pharmacy (B.Pharma/M.Pharma)
  6. Dental (BDS/MDS)
  7. Physiotherapy (B.Sc./M.Sc.)
  8. Pathology (B.Sc/M.Sc.)
  9. Nursing (B.Sc./M.Sc.)
  10. Information Technology (BCA/MCA)
  11. Management (BBA/MBA)
  12. Hotel Management & Catering Technology (Diploma /Graduation/Post Graduation)
  13. Law (LLB/LLM)
  14. Education (CT/NTT/B.Ed/M.Ed)
  15. Education (CT/NTT/B.Ed/M.Ed)
  16. Physical Education (C.PEd./B.PEd/ M.PEd)
  17. Journalism & Mass Communication (Graduation/Post Graduation)
  18. Geriatric Care (Diploma/Post Graduate Diploma)
  19. Midwifery (Diploma)
  20. Laboratory Technician (Diploma)
  21. Chartered Accountancy (CA)
  22. Cost Accountancy (ICWA)
  23. Company Secretaryship (CS)
  24. Actuarial Sciences (Graduation/ Post Graduation/FIA)
  25. Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication

Higher education like Doctoral Studies leading to M.Phil/PhD from recognized institutions.