Sarkari Yojana
Vocational Education and Training Loan Scheme
About Vocational Education and Training Loan Scheme
Run by the National Safai Karamcharis Finance and Development Corporation (NSKFDC) under the Ministry of Social Justice and Empowerment, the Vocational Education and Training Loan Scheme extends financial help to eligible youth belonging to NSKFDC’s target group so they can take up vocational education and training programmes. The core objective is to build skills, boost employability, and foster self-reliance among beneficiaries. Loans are available for courses that are run or backed by Government Ministries, Departments, NSDC, or State Skill Missions, with course duration ranging from 6 months to 2 years and culminating in a recognized certificate, diploma, or degree. Beneficiaries can receive assistance covering up to 90% of course expenses, within the prescribed loan ceiling.
Scheme Overview
Central Government
Ministry Of Social Justice and Empowerment
Scheme Details
Eligibility Requirements
To qualify for Vocational Education and Training Loan Scheme, applicants must satisfy the following conditions:
Eligibility Criteria:
Applicants must belong to the target group covered…
Applicants must belong to the target group covered under NSKFDC.
Applicants must have secured admission to a course…
Applicants must have secured admission to a course that is run or supported by a Government Ministry, Department, or Organization, or by a company, society, or organization backed by the National Skill Development Corporation or State Skill Missions/State Skill Corporations, and which preferably culminates in a Certificate/Diploma/Degree issued by a Government body or an entity authorized/recognized by the Government. Course Eligibility: Eligible vocational education and training courses must run for a minimum of 6 months and a maximum of 2 years, and must be run or supported by a Government Ministry/Department/Organization or by a Company/Society/Organization backed by the National Skill Development Corporation or State Skills Mission/State Skill Corporations. Age Eligibility: Candidates must be at least 18 years old upon completing the course, with an upper age limit of 50 years.
Benefits Provided
Vocational Education and Training Loan Scheme provides the following benefits to eligible applicants:
Quantum of loan
Quantum of loan
1
1. Financing is provided on a need basis, covering up to 90% of expenses, subject to the following ceiling:
For courses lasting up to 2 years
For courses lasting up to 2 years: up to Rs. 4,00,000/-
Note
Note: Any cost over-run beyond this must be borne by the beneficiary.
Interest
The National Safai Karamcharis Finance & Development Corporation (NSKFDC) levies interest at 1% per annum on the Channelizing Agency, which then charges beneficiaries 4% per annum. Women beneficiaries receive an interest rebate of 0.5%. Repayment: The repayment period extends up to 7 years.
Documents Required
Applicants should keep the following documents ready before starting the application:
A copy of the applicant's Aadhaar card
A copy of the applicant's Aadhaar card
A valid driving license
A valid driving license
Details of the applicant's bank account
Details of the applicant's bank account
A valid caste certificate
A valid caste certificate
An income certificate
An income certificate
A domicile (residence) certificate
A domicile (residence) certificate
How to Apply
Online Application
Applicants can apply for Vocational Education and Training Loan Scheme through the online application process outlined below.
Go to the official website
Go to the official website.
Select How to Apply, then choose the Loan…
Select How to Apply, then choose the Loan application form option.
Open the Loan application form.
Open the Loan application form.
Complete all required fields and click Save to…
Complete all required fields and click Save to store the application form.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.