Education Loan Scheme - Delhi

What is Education Loan Scheme - Delhi?

"Education Loan Scheme" provides financial assistance to the SC/ST/OBC/PwD students for pursuing professional and technical education in India and abroad, with loan limits of ₹7,50,000/- and ₹15,00,000/- respectively. Delhi residents with an annual family income below ₹5,00,000/- are eligible.

Benefit

- Need-based finance with a ceiling of ₹7,50,000/- for studies in India. - Need-based finance with a ceiling of ₹15,00,000/- for studies abroad. _*No promoter’s contribution required for loans up to ₹4,00,000/-._ _*For loans above ₹4,00,000/-, 5% contribution is required for studies in India and 15% for studies abroad._ _*Loan repayment period is up to 10 years after the commencement of repayment or until the date of employment, whichever is earlier._ _*The applicant has the option to repay the loan earlier if desired._

Level

State — Delhi

Ministry / Dept.

Social Welfare Department

Benefit type

cash

Key eligibility

- The applicant must be a permanent resident of Delhi. - The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability. - The annual income of parents/guardian should be below ₹5,00,000/-. - The applicant m

Last verified

Recently

Benefits

- Need-based finance with a ceiling of ₹7,50,000/- for studies in India. - Need-based finance with a ceiling of ₹15,00,000/- for studies abroad. _*No promoter’s contribution required for loans up to ₹4,00,000/-._ _*For loans above ₹4,00,000/-, 5% contribution is required for studies in India and 15% for studies abroad._ _*Loan repayment period is up to 10 years after the commencement of repayment or until the date of employment, whichever is earlier._ _*The applicant has the option to repay the loan earlier if desired._

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: The application form for the Education Loan Scheme is available free of cost at the following branches:

2. Step 2: Offline application — step 2

   2-Battery Lane, Rajpur Road, Delhi-54. A-33-38, B-Block, Lal Building, Opposite Police Station, Mangol Puri, Delhi. A-Block, 1st Floor, Bunker Vihar, Deputy Commissioner’s Office (North East), Opposite Gagan Cinema, Nand Nagri, Delhi.

3. Step 3: Offline application — step 3

   Alternatively, the prescribed format of the application form can be downloaded from the official website of DSFDC.

4. Step 4: Offline application — step 4

   Step 2: Carefully fill out the application form in black ink using a ball pen. Ensure all required details are accurately provided, including personal information, course details, and financial information. Fill in all the mandatory fields, paste the passport-sized photograph, and attach copies of all the mandatory documents (self-attest, if required).

5. Step 5: Offline application — step 5

   Step 3: Submit the duly filled application form along with the required documents to - The Deputy Manager (Education Loan) in Room No. 208, 2nd Floor, Ambedkar Bhawan, Sector-16, Rohini, Delhi-89.

6. Step 6: Offline application — step 6

   *Bring the original documents for verification at the time of submission.

7. Step 7: Offline application — step 7

   Application Review

8. Step 8: Offline application — step 8

   Once the application is approved by DSFDC, the applicant will receive a sanction-cum agreement letter. The applicant must sign the agreement and complete any additional formalities, such as executing a guarantee deed or hypothecation deed.

9. Step 9: Offline application — step 9

   *For any further information or inquiries, please contact DSFDC at: Phone No.: 011-27574521 & 27574377.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.