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Purpose The scheme provides financial assistance to deserving and meritorious students for pursuing higher education in India and abroad. ELIGIBILITY CRITERIA Should be an Indian national Should have secured admission to professional/Technical courses through Entrance test/selection process. Should have secured admission at reputed foreign university/Institution. ELIGIBILITY CRITERIA (Studies in India). Graduation/post graduation/PhD & professional/Diploma/computer certificate courses of reputed institutions. ELIGIBILITY CRITERIA (Studies abroad). GRADUATION: for job oriented professional/ Technical courses by reputed universities, POST GRADUATION: MCA, MBA, MS etc. EXPENSES CONSIDERED FOR LOAN Fee payable to school/college/Hostel/Examination/Library/Laboratory. Purchase of book/equipment/instruments/Uniforms/Maintenance costs. Purchase of computers essential for the course QUANTUM OF FINANCE Studies in India - Max Rs. 10.00 lacs. Studies abroad - Max Rs. 20.00 lacs. Margin Upto Rs. 4.00 lacs NIL Above Rs. 4.00 lacs 1) Studies in India - 5 % 2) Studies abroad - 15 %.

SECURITYUpto Rs. 4.00 lacs No security. Above Rs. 4.00 lacs& upto Rs.7.50 lacs guarantee of third person for the loan amount. ABOVE Rs. 7.50 LACS For studies in India Tangible collateral security for full value for studies abroad In addition to tangible collateral an assignment of future income of the student. REPAYMENT Repayment holiday Course period +1 year or 6 months after getting job, whichever is earlier. REPAYMNT The loan will be repaid in 5-7 years after commencement of repayment. INTEREST SUBSIDY Interest applied in the account during moratorium period will be borne by the Government in case the guardians annual income is less than Rs. 4.5 lacs.