Purpose

• To provide financial support from the banking system to meritorious students for studying vocational courses.

Eligibility

• Student Eligibility: The student should be Indian national and Secured admission in courses run by a ministry / Dept/organization of Govt or a company/ society/ organization supported by NSDC or State skill Mission/ State Skill Corp., preferably leading to a certificate/ diploma/ degree, etc issued by a Govt. organization or an organization / authorized by the Govt. to do so.
  


• Course Eligibility: Vocational/Skill development courses of duration from 2 months to 3 Years.

Age

• There is no specific restriction with regard to the age of the student to be eligible for the student.

Expenses Considered

• i. Tution/Course fee
  ii. Examination/Library/laboratory fee
  iii. Caution deposit
  iv. Purchase of books, equipments and instruments
  v. Any other reasonable expenditure found necessary for completion of course..(As such courses are localized boarding, lodging may not be necessary. However, wherever it has been found necessary, the same could be considered on merits)

Loan Amount

• For course duration up to 3 months : Max. upto 20,000/-
• For course duration 3 to 6 months : Max. upto 50,000/-
• For course duration 6 months to 1 year : Max. upto 75,000/-
• For course duration above 1 year : Max. upto 1,50,000/-

Rate of Interest

Margin

• NIL

Security

• No collateral or third party guarantee. Parents will be joint borrower

Repayment Period

• Upto 1 year courses : in 2-5 years & Holiday Period - 6 months from course completion
• Above 1 year courses : in 3-7 years & Holiday Period - 1 year from course completion

Processing Charges

• NIL

How to apply

• Please contact nearest Saptagiri Grameena Bank Branch for more details