Vocational Education and Training Loan Scheme
Financial Assistance to youth of target group to enhance their skills & employability
- The person should be from the target group of NSKFDC.
- The person should have secured admission in a course run or supported by a Ministry/Deptt./Organization of the Government or a Company/Society/Organization supported by National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. Issued by a Government Organization or an Organization recognized/authorized by the Government to do so.
|Course Eligibility||Vocational Education & Training courses of duration of minimum 6 months and upto 2 years run or supported by Ministry/Department/Organization of the Government or a Company/Society/Organization supported by a National Skill Development Corporation or State Skills/Mission/State Skill Corporations.|
|Age Eligibility||The candidate should attain minimum age of 18 years on completion of the course. The upper age limit is up to 50 years.|
|Quantum of loan||
Need based finance to meet up-to 90% expenses shall be considered subject to the following Ceilings:
Note: In case of cost over-run, it shall be borne by beneficiary.
|Expenses to be Considered for Vocational Education and Training Course||
Any other reasonable expenses found necessary for completion of the course certified by vocational education & training institute.
|Interest||NSKFDC shall charges interest @ 1% per annum from the Channelizing Agency which, in turn, shall charge 4% per annum from the beneficiaries. In case of women, an interest rebate of 0.5% shall be provided.|
|Repayment||Upto 7 years.|