CENT SKILL LOAN (VOCATIONAL EDUCATION AND TRAINING ) |
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Student Eligibility |
The student should be an Indian National and should have secured admission in a course run or supported by a Ministry / Dept./ Organization of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so |
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Quantum of Finance |
Need based finance to meet expenses as worked out will be considered subject to the following ceilings :
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Margin |
5% |
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Rate of interest: |
RBLR+CRP |
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Processing Charges |
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Security |
No collateral or third party guarantee will be taken. However, the parent will execute loan document along with the student borrower as joint borrower. The loan is covered under Credit Guarantee Scheme of NCGTC. |
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REPAYMENT |
The loan will be repaid after the moratorium period in Equated Monthly Installments (EMIs) as follows:
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