The Indian Iris Government Policies | Government Schemes | Government of India | State Government
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.
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