ELSNSKFDCH

This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹20 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized professional/technical courses in India or abroad.

The scheme "Education Loan Scheme under NSKFDC" is implemented by the Haryana Scheduled Castes Finance and Development Corporation (HSFDC) in collaboration with the National Safai Karamcharis Finance & Development Corporation (NSKFDC). The HSFDC is a Company registered under the Companies Act, 1956 on 02.01.1971. It is a wholly government-owned Corporation with a 51% share of the State Government and a 49% share of the Government of India.

This scheme offers educational loans of up to ₹10 lakhs for studies within India and up to ₹20 lakhs for studies abroad. These loans are available to eligible students pursuing regular full-time recognized professional/technical courses in India or abroad.

> Objective of the Scheme:

• To extend loans to the eligible safai karamchari or dependent of Safai Karamchari who is pursuing full-time professional/technical education.

> The Education Loan is meant to cover:

• Admission fees & Tuition Fees.
• Books, Stationery, and other instruments required for the course.
• Examinations fees.
• Boarding and lodging expenses.
• Insurance premium for policy for insuring loanees against the loan in case of death or permanent disability.
• Travel Expenses/passage money for studying abroad.
• Caution Money, development fund, etc.

The educational loan shall be provided through the state channelizing agencies to concerned Government Recognized Educational Institutions where the students have secured admission. In the case of Foreign countries, only those institutions shall be considered which are duly recognized by the concerned authorities.

> Professional/Technical Courses Covered:

A regular full time recognized courses in India or abroad engineering, (diploma/ B.Tech/B.E., M.Tech/ M.E.), Architecture (B.Arch/ M.Arch), Medical (MBBS/MD/MS), Biotechnology/ Microbiology/ Clinical Technology (Diploma/Degree), Pharmacy (B.Pharma/ M.Pharma), Dental (BDS,MDS), Physiotherapy (B.SC./M.SC.), Pathology (B.SC./M.SC.), Nursing (B.SC/M.SC), Information Technology (BCA/MCA), Management (BBA/MBA), Hotel Management (BBA/MBA), Hotel Management & catering Technology (Diploma/ Graduation/Post Graduation), Law (LLB, LLM), Education (CT/NTT/B.Ed/ M.Ed), Physical Education (C.PED/B.PED/M.PED), journalism & Mass Communication (Graduation/Post Graduation), Geriatric care (Diploma/Post Graduation Diploma), Midwifery (Diploma), Laboratory Technician ( Diploma), Chartered Accountancy (CA), Cost Accountancy (ICWA), Company Secretary Ship (CS), Actuarial Sciences (Graduation/Post Graduation/FIA), Associate Member of Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication and Higher education like Doctoral Studies leading to M.Phil/PHD from recognized institutions.

• The applicant should be a permanent resident of Haryana.
• The applicant's age should be between 18 and 55 years.
• There is no income limit.
• The applicant should be Safai Karamchari or his/her dependent.
• The loan shall be provided to students for pursuing regular full time recognized professional/technical courses in India or abroad.
• The Education loan for a particular student shall be made admissible only once either at Diploma/Graduation or Post Graduation Diploma/Post Graduation level. However, an Educational Loan shall be offered to a student who secures admission in any integrated course of a longer duration covering both levels.

Note 1: Permanent Safai Karamchari means a person engaged in, or employed for any sanitation work and includes his dependents.

Note 2: The applicant shall have to produce a Certificate of Safai karamchari or dependent of Safai karamchari from the head of the Government Departments (i.e. school, colleges, forest, health, education, animal husbandry having rank not less than Gazetted officer), elected members of municipal Body/corporation and pradhan of Gram panchayats, local revenue officer or the cantonment or an officer of the Railways not below the rank of gazette officer.

Note 3: NSFDC`s Educational Loan shall also be admissible for students of the target group who have secured admission to technical /professional courses prior to 01.12.2009 subject to the condition that they have not availed Educational Loan from any other institution.

> Maximum Loan Limit:

• For studies within India: Up to ₹10,00,000/- - For studies abroad: Up to ₹20,00,000/-

> Recovery:

• Recovery (Principal & Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installments in 5 years from the date of first disbursement.
• There would be a tag/maker on the Diploma/Degree of the student indicating his repayment liabilities.

Note: The Educational Loan, shall, however, be restricted to cover the admissible expenses for the remaining years of study on a pro-rata basis. Further, all Educational Loans shall be sanctioned & disbursed on a case-to-case basis.