About this banking scheme
The scheme provides education loans to safai karamcharis and their dependents for higher education. Loans can be up to Rs. 10,00,000 for studying in India and Rs. 20,00,000 for studying abroad. Applications are accepted offline at designated banks and offices.
The Education Loan Scheme supports students from the safai karamchari community and their dependents in pursuing higher education. It is run by the Ministry of Social Justice and Empowerment.
The scheme provides financial assistance for various academic courses, including professional and technical education. It aims to empower individuals through education.
This initiative is vital as it helps improve the educational and economic status of the safai karamchari community, allowing them better opportunities for the future.
Benefits at a glance
| Scheme name | Loan Based Schemes For Safai Karamchari – Education Loan (LBSSF-EL) |
|---|---|
| Launched by | Ministry Of Social Justice and Empowerment |
| Department | Department of Social Justice & Empowerment |
| Launch year | 1997 |
| Benefit | The scheme provides education loans to safai karamcharis and their dependents for higher education. |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | nskfdc.nic.in |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | National Safai Karamcharis Finance & Development Corporation (NSKFDC) |
| Scheme for | Individual |
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤Female / Male / Transgender
- 🎂Age 18 to 80 years
- 🏘️Rural / Urban
- 💼Student, Safai Karamchari
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
यह योजना सफाई कर्मचारियों और उनके आश्रितों को उच्च शिक्षा के लिए ऋण प्रदान करती है। भारत में अध्ययन के लिए अधिकतम Rs. 10,00,000 और विदेश में अध्ययन के लिए Rs. 20,00,000 मिल सकते हैं। आवेदन ऑफलाइन संबंधित बैंकों में किए जा सकते हैं।
The scheme provides education loans to safai karamcharis and their dependents for higher education.
What you receive
- Education loan for studying in India: Up to Rs. 10,00,000 at 2% to 6% interest (0.5% rebate for women).
- Education loan for studying abroad: Up to Rs. 20,00,000 at 3% to 7% interest (0.5% rebate for women).
The interest for loans for studying in India is reimbursable for families earning up to Rs. 4,50,000 per annum. Repayment is due 5 years after course completion, with interest payable quarterly from loan disbursement.
Who qualifies
- Age between 18 and 80 years.
- Gender: Male, Female, or Transgender.
- Must be a safai karamchari or a dependent of one.
- Can be a student enrolled in a valid course.
- Residence in rural or urban areas.
Who is not eligible
- Individuals not part of the safai karamchari community or their dependents.
- Those not meeting the age requirement.
Papers to keep ready
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Registration walkthrough
- Obtain the application form from the district office of NSKFDC or related banks.
- Fill out the form with required details and attach necessary documents.
- Submit the application to the district office.
- The application will be reviewed and sent for approval.
- Upon approval, a sanction letter will be issued, and funds will be released.
To check the application status, visit the district office where you submitted your application. You can also contact the bank branch for updates.
Important dates
| Launch / start | 01 Oct 1997 |
|---|
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Submitting incomplete documents can lead to rejection.
- Not meeting the age requirement will disqualify the application.
- Incorrectly filling out the application form may cause delays.
- Failing to provide proof of occupation can result in denial.
- Ignoring the submission deadlines can lead to missed opportunities.
Terms used in this scheme
- Target group
The target group includes safai karamcharis, manual scavengers, and their dependents seeking financial assistance.
- Safai Karamchari
A safai karamchari is a person engaged in sanitation work, including waste pickers.
- Manual Scavengers
Manual scavengers are individuals employed for cleaning human waste in unsanitary conditions.
- Dependent
A dependent is a family member of a safai karamchari who is financially reliant on them and is 18 years or older.
Frequently asked questions
Who can apply for the Education Loan Scheme?
Individuals from the safai karamchari community and their dependents aged 18 and above can apply.
What is the maximum loan amount available?
You can get up to Rs. 10,00,000 for studying in India and Rs. 20,00,000 for studying abroad.
Is there any interest rate subsidy?
Yes, families earning up to Rs. 4,50,000 per year can get interest reimbursement for loans taken for studying in India.
What expenses does the loan cover?
The loan covers admission fees, tuition fees, books, lodging, and insurance premiums.
How long is the repayment period?
The repayment period is 5 years after the course ends, with interest payable quarterly.
Where should I submit my application?
Applications should be submitted to the district office of NSKFDC or related banks.
What documents do I need to apply?
You need an Aadhaar card, income certificate, caste certificate, educational certificates, and a bank account statement.
Can I apply if I am not a safai karamchari?
No, only safai karamcharis and their dependents are eligible.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines nskfdc.nic.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
Drafted with AI tools from the official listing. Every number and date is checked automatically against the official text; confirm the details on the official portal before applying.
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