Education Loan Scheme of NMDFC

Concessional Credit to the beneficiaries among minority communities.

a) The applicant must be Indian and belong to one of the six notified minority communities (Muslim, Christian, Sikh, Buddhist, Parsi, Jain).

b) The annual family income limit is:

Up to Rs. 3.00 lakh per annum under Credit Line-1.

Up to Rs. 8.00 lakh per annum under Credit Line–2.

c) The applicant must have secured admission to a recognized institution in India or abroad through a merit-based selection or entrance test.

d) The course must be technical or professional, with a duration not exceeding 5 years.

e) The applicant must not have availed financial support for the same course under any other Government scheme.

f) The loan is admissible for tuition fees, hostel charges, books, equipment, and travel (for abroad studies).

g) The applicant must have a co-borrower (parent/guardian) with a verified income certificate.

h) Preference shall be given to female students and candidates from economically weaker sections.

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NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners on refinance mode (Presently through Canara Bank & Punjab Grameen Bank).



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Duly filled Education Loan Application Form.

Photographs of student and co-borrower (parent/guardian).

Proof of Minority Status (certificate or self-declaration).

Income Certificate of the family issued by competent authority.

Proof of Residence: Aadhaar card, voter ID, ration card, or utility bill.

Admission Letter from recognized college/university in India or abroad.

Fee Structure or estimate from the educational institution.

Mark Sheets/Certificates of qualifying examinations (Class X, XII, Graduation, etc.).

Bank Account Proof: Aadhaar-linked bank passbook copy.

Valid Passport and Visa (for studies abroad).

Proof of age (DOB Certificate/10th Certificate).

Affidavit/Undertaking confirming that no other education loan has been availed under a government scheme.

PAN Card of student and co-borrower.