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Dear Customers, due to scheduled maintenance activity there may be intermittent disruption in accessing Banks Corporate Website on 03.12.2020 between 12.00 am to 04.00 am. Inconvenience caused is deeply regretted.

Skill Loan

SKILL LOAN

FINANCE FOR CERTIFICATE / DIPLOMA / DEGREE COURSES OFFERED BY INSTITUTES AS PER NATIONAL SKILL QUALIFICATION FRAMEWORK

SIMPLE PROCESSING AND QUICK SANCTION

Skill Loan

  • Any individual who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by Central or State education Boards or in a college affiliated to recognized university, training partners affiliated to National Skill Development Corporation (NSDC)/Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a certificate / diploma / degree issued by such organization as per National Skill Qualification Framework (NSQF) is eligible for a Skilling Loan.
  • The Government of India / State Governments may, from time to time, notify institutes/organizations for the purpose.
  • ₹5,000/- to ₹150,000/-.
  • Nil
  • Up to 3 years to 7 years depending upon the quantum of loan.
  • Tuition / course fee. Such tuition / course fee.
  • Any other reasonable expenditure found necessary for completion of the course could be considered on merit.

Apply Skill loan online:

  • Bank has integrated its education loan scheme with Vidya Lakshmi Portal of the Government and has made available to public for facilitating timely credit to youth in realising their educational aspirations.
  • Vidya Lakshmi portal is an initiative of Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) for students seeking Education Loan wherein students can apply, view and track the status of their education loan application anytime, anywhere by accessing the portal. The portal has been developed and being maintained by NSDL e-Governance Infrastructure Limited.

Eligible Courses:

  • Courses run by above mentioned Training Institutes ( as in 2.0) aligned to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan. There is no minimum course duration.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch


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