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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.Approved Courses
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 | Up to Rs.7.50 lakh |
| Abroad | Up to Rs.15 lakh | |
| Margin | Up to Rs.4 lakh | No Margin |
| Over Rs.4 lakh - In India | 5% | |
| Studies Abroad | 15% | |
| (Relaxation of loans upto Rs.50,000/-for SC/ST ) | ||
| Rate of interest | Upto Rs.4 lakh | PLR |
| Above Rs.4 lakh | PLR + 1% |