Vocational Education and Training Loan Scheme

Quantum of loan

Need-based finance to meet up to 90% of expenses shall be considered subject to the following Ceilings:

For courses of duration up to 2 years: up to Rs. 4,00,000/-

Note: In case of cost over-run, it shall be borne by the beneficiary.

Interest

National Safai Karamcharis Finance & Development Corporation (NSKFDC) shall charge interest @ 1% per annum from the Channelizing Agency which, in turn, shall charge 4% per annum from the beneficiaries. In the case of women, an interest rebate of 0.5% shall be provided.

Repayment: Up to 7 years.

Eligibility Criteria

The person should be from the target group of NSKFDC.

The person should have secured admission in a course run or supported by a Ministry, Department, or Organization of the Government or a company, society, or organization supported by the National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. Issued by a Government Organization or an Organization recognized/authorized by the Government to do so.

Course Eligibility

Vocational Education and training courses of the duration of a minimum 6 months and up to 2 years run or supported by a Ministry/Department/Organization of the Government or a Company/Society/Organization supported by a National Skill Development Corporation or State Skills/Mission/State Skill Corporations.

Age Eligibility

The candidate should attain a minimum age of 18 years on completion of the course. The upper age limit is up to 50 years.

Online

Step 1: Visit the official website.

Step 2: Click on How to Apply. Tap on the Loan application form.

Step 3: Click on Loan application form.



Step 4: Fill in all the details and tap Save to save the application form.

Aadhaar Card

Driving License

Bank Details

Caste Certificate

Income Certificate

Domicile Certificate