Education Loan
Various Education Loan Schemes of State and Central Govt. for the Students aspiring Higher Study.
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The arrangement provides interest subsidy to the extent that the students have to bear interest burden of only 4% p.a. at simple rate during the full period of the education loans without providing any collateral security and third-party guarantee, for pursuing education from class 10 onwards.
Students residing in West Bengal above 10 years. Loan will be available for undergraduate, postgraduate, doctoral and post-doctoral study in India or abroad. Students till the age of 40 years of age are eligible for the scheme.
WBMDFC invites applications for Education Loan for the year 2016-17 from students belonging to Minority Communities. Last Date of submission is 31.10.2016.
WBMDFC invites online applications for education loan for the year 2015-16 from students belonging to Minority Communities. Date of submission of hardcopy of online application is 15.07.2015 to 31.10.2015.
Providing soft loans for self-employment enterprises, Education loan for pursuing professional courses, Stipend and Scholarship, Vocational courses etc.
WBMDFC invites online applications for education loan for the year 2014-15 from students belonging to Minority Communities who are pursuing Technical/ Professional courses at UG/PG level or short term courses under recognized Institutes of West Bengal and other states of India.
Government of India provides full interest-subsidy on educational loans for students with parental family income less than 4.5 lakh annually for the academic sessions 2009-10 onwards.
90% of the expenditure of entire duration of the professional courses subject to maximum loan limit of up to Rs. 1.875 lakh/ per beneficiary per annum (for studying in India) and up to Rs. 3.75 lakh/ per beneficiary per annum (for studying abroad) shall be provided considering average duration of the course as four years. Balance 10% will have to be borne by the students.
WBMDFC invites online applications for education loan for the year 2013-14 from students belonging to Minority Communities who are pursuing Technical/ Professional courses at Under Graduate/ Post Graduate level or short term courses under recognized Institutes of West Bengal and other states of India.
The members of Jain Community in West Bengal are eligible for getting benefits under the Schemes of Government of West Bengal only, implemented by the WBMDFC.
As only CTS 2010 cheques will be accepted by banks with effect from 01.04.2013 as per notification of Reserve Bank of India, all loanees are required to submit fresh PDCs (CTS 2010) within 15.04.2013 positively.