Loan Based Schemes For Safai Karamchari - Education Loan
State: Central
Ministry: Ministry Of Social Justice and Empowerment
Department: Department of Social Justice & Empowerment
Category: Education & Learning, Banking,Financial Services and Insurance, Social welfare & Empowerment
Beneficiary Type: Individual

The scheme aims to provide education loans to the students from the community of safai karamcharis\manual scavengers & their dependents for pursuing higher education.

Benefits:
> **Educational Loan:**

Study in India₹10,00,000/-2%                                                                                                                                             6% (0.5% p.a. rebate for women candidates for study in India) Study in Abroad₹20,00,000/-3% p.a.                                                                                                                                                                                                                 7% p.a.(0.5% p.a. rebate for women candidates for study in India) **Note:** The interest on an education loan (for study in India) is reimbursable under the scheme of Ministry of Education , Government of India to the beneficiaries whose family annual income is upto 4.50 lac per annum.
> **Repayment period:**

-  5 years after the co-termination of the course. However, the interest is payable on a quarterly basis from the disbursement of the loan.

> **Moratorium period:** 

- 1 Year

> **Coverage :** 

- Education loan may cover the following:-  
- Admission Fees &amp; Tuition Fee. 
- Books, stationery, and other instruments required for the course.  
- Examination Fee. 
- Boarding and lodging expenses. 
- Insurance premium for the policy.

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Eligibility:
> **The following person(s)/entities shall be considered eligible for availing of financial assistance under the various schemes of NSKFDC:-** 

1.  Safai Karamcharis (including Waste pickers), identified Manual Scavengers and their dependents. 
1. Registered co-operative societies of the target group.
1.  Legally constituted association/firm promoted by the target group, and
1.  Persons, who produce a certificate from local Revenue Officer/local Municipal Officer/Cantonment Executive Officer/ Railway Officer, Head of the Govt. Departments (i.e. Schools, Colleges, Forest, Health, Education, Animal Husbandry) having rank not less than Gazetted Officer, Elected Members of the Municipal Body, Pradhan of Gram Panchayats, and Regional Managers of Regional Rural Banks (RRBs)/Public Sector Banks (PSBs). However, under the MS Act, 2013, a person identified as a Manual Scavenger in a survey, need not provide any certificate once his/her name appeared in the final list of Manual Scavengers prepared by State Governments/Union Territory Administration . 
1. Mukhia/ Sarpanch/ President or any other authority equivalent to Pradhan of Gram Panchayat for the issue of Occupation Certificate to Safai Karamcharis/ dependents; and In case of Municipal Bodies without Gazetted Officers, the head of such Municipal Bodies, maybe the Competent Authority.   

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Application Process:
[Offline]
Loan applications are submitted by the applicants to the district offices of SCAs of NSKFDC of RRBs and Nationalised Banks.
These applications are then sent to the head offices where the project proposal is appraised by SCA/RRBs/Nationalised Banks and the projects are sent back to NSKFDC along with recommendations.
The Project Appraisal Committee of NSKFDC then appraises the proposals and after finding them in order places it in front of their board of directors for their approval.
Once the board of directors approves the project, the letter of sanction is issued by SCAs/ RRBs/Nationalised Banks.
Once all the terms and conditions have been accepted, the necessary documents and funds are then released to the concerned beneficiaries.
 NSKFDC released the funds with the receipt of demand being made from the SCAs/ RRBs/Nationalised Banks after taking into consideration all the parameters of release as per the Lending Policies & Guidelines (LPG) of NSKFDC

Documents Required:
Indicative Documents
Aadhaar Card
Income certificate
Caste certificate
Bank account statement
Educational Certificates