Government of India
Educational Loan SchemeHigher Education LoanNSFDC Education LoanProfessional Course LoanStudent Loan India
EDUCATIONAL LOAN SCHEME(ELS)
| Scheme | Project Cost | Maximum Loan limit up to 90% of Project Cost | Interest Rate p.a. for | Repayment Period | Moratorium Period | |
|---|---|---|---|---|---|---|
| CAs | Beneficiary | |||||
| 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 less | 2.5% | 6.5% | Upto 12 years where repayment has not started. Upto 10 years, where loan disbursed and repayment started | Course 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 :
- Engineering (Diploma/ B.Tech /B.E, M.Tech/M.E.)
- Architecture (B.Arch/M.Arch)
- Medical (MBBS/MD/MS)
- Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)
- Pharmacy (B.Pharma/M.Pharma)
- Dental (BDS/MDS)
- Physiotherapy (B.Sc./M.Sc.)
- Pathology (B.Sc/M.Sc.)
- Nursing (B.Sc./M.Sc.)
- Information Technology (BCA/MCA)
- Management (BBA/MBA)
- Hotel Management & Catering Technology (Diploma /Graduation/Post Graduation)
- Law (LLB/LLM)
- Education (CT/NTT/B.Ed/M.Ed)
- Education (CT/NTT/B.Ed/M.Ed)
- Physical Education (C.PEd./B.PEd/ M.PEd)
- Journalism & Mass Communication (Graduation/Post Graduation)
- Geriatric Care (Diploma/Post Graduate Diploma)
- Midwifery (Diploma)
- Laboratory Technician (Diploma)
- Chartered Accountancy (CA)
- Cost Accountancy (ICWA)
- Company Secretaryship (CS)
- Actuarial Sciences (Graduation/ Post Graduation/FIA)
- 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.