Students can apply for education loans of up to Rs. 10 Lakhs to pursue higher education in India or abroad.
The scheme also provides for a provision of collateral-free loans for students whose parents or guardians have an annual income of less than Rs. 4.5 Lakhs.
Students can apply for loans for higher education through any of the participating banks or educational institutions.
The scheme also provides for various other benefits such as interest subsidy and insurance cover for students
The scheme has the potential to make a great impact in providing an opportunity for students to pursue their dreams & reach their full potential, regardless of their financial background.