Sarkari Yojana
Loan Based Schemes For Safai Karamchari – Education Loan
About Loan Based Schemes For Safai Karamchari – Education Loan
The Ministry of Social Justice and Empowerment, Government of India, runs an Education Loan (EL) scheme to help students from the safai karamchari/manual scavenger community, and their dependents, finance higher education.
The education loan supports students from the Safai Karamchari/Manual Scavenger community and their dependents pursuing
- Graduate-level or higher professional/technical education in Medical, Engineering, Management, Law, or IT/Computers.
- Graduation courses across all disciplines (such as B.A., B.Sc; & B.Com etc).
- Job-oriented courses of at least one year, such as Sanitary Inspector training, or Diplomas in Physiotherapy, Pathology, Nursing, Hotel Management & Tourism, Journalism & Mass Communication, or Geriatric Care.
- Graduate & postgraduate academic/professional courses like Bachelor of Education, Ph.D, language courses, BCA, MCA etc; (from authorized/recognized Institutes/Universities).
Scheme Overview
Central Government
Ministry Of Social Justice and Empowerment
National Safai Karamcharis Finance & Development Corporation (NSKFDC)
Individual
01 Oct 1997
Scheme Details
Eligibility Requirements
To qualify for Loan Based Schemes For Safai Karamchari - Education Loan, applicants must satisfy the following conditions:
Eligibility for financial assistance under NSKFDC's various schemes extends to:-
Safai Karamcharis (including waste pickers), identified Manual Scavengers,…
Safai Karamcharis (including waste pickers), identified Manual Scavengers, and their dependents.
Registered co-operative societies formed by the target group
Registered co-operative societies formed by the target group.
A legally constituted association/firm set up by the…
A legally constituted association/firm set up by the target group, and
Individuals who furnish a certificate from a local…
Individuals who furnish a certificate from a local Revenue Officer/Municipal Officer/Cantonment Executive Officer/Railway Officer, the head of a Government Department (Schools, Colleges, Forest, Health, Education, Animal Husbandry, etc.) of at least Gazetted Officer rank, an Elected Member of a Municipal Body, a Pradhan of a Gram Panchayat, or a Regional Manager of an RRB/Public Sector Bank — though under the MS Act, 2013, anyone identified as a Manual Scavenger in a survey need not furnish such a certificate once included in the final list prepared by the State Government/UT Administration.
A Mukhia/Sarpanch/President, or an equivalent authority to a…
A Mukhia/Sarpanch/President, or an equivalent authority to a Gram Panchayat Pradhan, issues the Occupation Certificate to Safai Karamcharis/dependents; where a Municipal Body has no Gazetted Officer, its head may serve as the Competent Authority.
Benefits Provided
Loan Based Schemes For Safai Karamchari - Education Loan provides the following benefits to eligible applicants:
Educational Loan: Study in India: Loan of up to ₹10,00,000/- with 2% margin money, at 6% p.a. interest (0.5% p.a. rebate for women candidates studying in India). Study Abroad: Loan of up to ₹20,00,000/- with 3% p.a. margin money, at 7% p.a. interest (0.5% p.a. rebate for women candidates studying in India). Note: For study in India, interest on the education loan is reimbursed under a Ministry of Education, Government of India scheme, for beneficiaries whose family annual income does not exceed ₹4.50 lakh. Repayment period:
5 years after the course ends
5 years after the course ends. However, interest is payable quarterly from the time the loan is disbursed. Moratorium period:
1 Year Coverage
1 Year Coverage :
The education loan may extend to cover the…
The education loan may extend to cover the following:-
Admission fees & tuition fee
Admission fees & tuition fee.
Books, stationery, and other instruments needed for the…
Books, stationery, and other instruments needed for the course.
Examination fee
Examination fee.
Boarding and lodging expenses
Boarding and lodging expenses.
Insurance premium for the policy
Insurance premium for the policy.
Documents Required
Applicants should keep the following documents ready before starting the application:
Indicative Documents
The applicant's Aadhaar card for identification
The applicant's Aadhaar card for identification
A certificate stating the family's income
A certificate stating the family's income
Certificate confirming the applicant's caste
Certificate confirming the applicant's caste
Statement of the applicant's bank account
Statement of the applicant's bank account
Mark sheets and certificates of education
Mark sheets and certificates of education
1997-10-01
How to Apply
Offline Application
Applicants can apply for Loan Based Schemes For Safai Karamchari - Education Loan through the offline application process outlined below.
Application Portal: Open Application Portal ↗
Applicants submit their loan applications at the district…
Applicants submit their loan applications at the district offices of NSKFDC's SCAs, RRBs, and Nationalised Banks.
These offices forward the applications to their head…
These offices forward the applications to their head offices, where the SCA/RRB/Nationalised Bank appraises the project proposal and sends it back to NSKFDC with its recommendations.
NSKFDC's Project Appraisal Committee then reviews the proposals…
NSKFDC's Project Appraisal Committee then reviews the proposals and, once satisfied, places them before the board of directors for approval.
After board approval, the SCAs/RRBs/Nationalised Banks issue the…
After board approval, the SCAs/RRBs/Nationalised Banks issue the sanction letter.
Once the terms and conditions are accepted, the…
Once the terms and conditions are accepted, the required documents and funds are released to the beneficiaries.
NSKFDC disburses the funds on receiving a demand…
NSKFDC disburses the funds on receiving a demand from the SCAs/RRBs/Nationalised Banks, taking into account all release parameters under NSKFDC's Lending Policies & Guidelines (LPG).
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.