Central Bank
Finance for Education
Cent Vidyarthi Scheme Purpose:
Aims at bringing Education within the reach of students and help them improve their prospects in life.
Finance for Education
Cent Vidyarthi Scheme Purpose:
Aims at bringing Education within the reach of students and help them improve their prospects in life.
Courses Approved
For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognised Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.For pursuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master's degree or Post-Graduate Diploma in recognised University abroad.
Eligibility:
Should have consistent good academic record in previous examinations with marks over 60 % in 10th.& 12th or first grade in other cases.
(For SC/ST Second class will be sufficient).
Amount of Loan: India Upto Rs.7.50 lakh
Margin: Up to Rs.4 lakh
Over Rs.4 lakh - In India 5%
Rate of interest:Male Students - BPLR - 2.00 % (Normal Students)
Female Students - BPLR - 2.50 % (Normal students)
Amount of Loan:Abroad Upto Rs.15 lakh
Margin: No Margin
Studies Abroad 15%
Rate of interest:Male Students-BPLR-2.50 % (IIT/IIM students)
Female Students-BPLR-3.00 % (IIT/IIM students)