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Students with Disability can get up to Rs. 10 lakh to pursue professional courses in India

In a bid to financially support disabled students to help them meet tuition and other fees, maintenance cost, cost of books and other equipment etc. for pursuing professional courses from a recognized university or educational institution in India or abroad, the National Handicapped Finance and Development Corporation (NHFDC)’s State Channelizing Agency (SCA) has implemented the Scheme for Loan for Education/Training to Disabled Persons.

Eligibility: Any Indian Citizen with over 40% disability is eligible to apply for this loan.
Type of Loan: Term Loan
Borrower: Disabled student and parent or guardian jointly

Financial Assistance:

Studies in India Maximum Rs. 10 lakhs
Studies in Abroad Maximum Rs. 20 lakhs

Promoter’s contribution:

Loan Amount Contribution in %
Up to Rs. 4 lakh Nil
Above Rs. 4 lakh for courses in India 5%
Above Rs. 4 lakh for courses abroad 15%

Rate of interest: The rate of interest is 4% annually.

Rebate: A rebate of annual 0.5% on interest rate to women beneficiaries.

Repayment duration: The loan can be repaid after 7 years of availing it.

How to avail?

Contact NHFDC for further information on how to avail.

To walk in Support of Accesible India Please register here, April 17th Hyderabad

About Shreya Chatterjee

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