Student Loans

The government endeavours to provide primary education to all and sundry on a universal basis, higher education is progressively moving into the domain of private sector. The higher education is getting more and more costly and hence the need for institutional funding is necessary in this area. Therefore, educational loans are an investment for economic development and prosperity. Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Educational Loan Scheme  to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad.

Central Scheme for Educational Loans
The Government of India has launched a scheme to provide full interest subsidy on loans taken by students belonging to economically weaker sections from scheduled banks under the Educational Loan scheme  of the Indian Banks' Association, for pursuing any of the approved courses of studies in technical and professional streams, from recognised institutions in the country.
The National Handicap Finance and Development Corporations  also awards educational loans to disabled students to pursue higher education in India and abroad.
Similarly, the National Scheduled Tribes Finance and Development Corporation (NSTFDC) and National Scheduled Castes Finance and Development Corporation -  are also running separate loan schemes for Scheduled Tribes and Scheduled Castes