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