The scheme is designed to assist financially disadvantaged and deserving candidates in paying the down payment required by CET/counselling authorities during the selection and counseling process.
Provides a maximum eligible amount of Rs. 1 Lakh or the initial payment proposed by the CET authorities, whichever is less.
No margin is required for this loan scheme. There are no processing charges associated with this loan.
The student's parent or guardian must join as a co-borrower. No collateral security is required for this loan.
The loan is to be repaid after the sanction of the regular education loan.
The involvement of a parent or guardian as a co-borrower ensures a joint responsibility for loan repayment.
This scheme makes the selection and counseling process more accessible to students from financially disadvantaged backgrounds.
Provides immediate financial support to cover the initial down payment, ensuring that deserving students can proceed with their education plans without delay.
The absence of collateral and processing charges simplifies the application process, making it easier for students to obtain the necessary funds.