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Index
Sr. Topic Page no.

1 Introduction 4
2 Product Profile: Baroda Vidya 5
3 Product Profile: Baroda Gyan 9
4 Product Profile: Baroda Education Loan to Students of Premier 18
Institutions under “Baroda Gyan”
5 Product Profile: Baroda Education Loan for Executive Development 35
Programmes (Part Time/Weekend/Online Programmes) being
offered by Premier Institutions in India under “Baroda Education
Loan to Students of Premier Institutions”
6 Product Profile: Baroda Scholar 37
7 Product Profile: Baroda Education Loan for Executive Development 64
Programmes (Part Time/Online Programmes/Distance Learning)
being offered by Premier Institutions abroad as listed under “Baroda
Scholar”.
8 Product Profile: Baroda Skill Loan Scheme 67
9 Other Area Specific Schemes - Higher Education and Skill 69
Development Guarantee Scheme’ for pursuing Higher Education in
Delhi.
10 Other Area Specific Schemes - Bihar Student Credit Card Scheme 71
11 Financing Branch 73
12 Guidelines for routing of Education Loan Application compulsorily 76
through Vidya Lakshmi Portal (VLP) (a Govt. of India initiative)
13 Tracking Check List 77
14 Guarantee Cover for Education Loans (including Skill Loans) 78
15 General Guidelines on Education Loans 80
16 Empanelment of DSAs (Offline / Conventional DSAs and Digital 97
DSAs)
17 Tie up for Skill Loan Scheme with Frankfinn 100
18 Tie up for EDP Programmes with Hughes Global Education 101
19 Tie up for EDP Programmes with Time Professional Learning 102
20 Snapshot of various Education Loan Interest Subsidy schemes 104
currently in force
21 Lodgement of Education Loan Interest Subsidy through Finacle 107
22 CSIS: Central Sector Interest Subsidy Scheme, 2009 108
(As Revised - Applicable for loans taken w.e.f. 01.04.2018)
23 CSIS: Central Sector Interest Subsidy Scheme, 2009 113
(Applicable for loans taken between 01.04.2009 to 31.03.2018)
Master Circular on Education Loans BCC: BR: 111:98 dated 21.02.2019 Page | 2
24 PADHO PARDESH - Scheme of Interest Subsidy on Educational 122
Loans for Overseas Studies for the Students belonging to the
Minority Communities
(revised guidelines effective from 29.09.2017)
25 PADHO PARDESH - Scheme of Interest Subsidy on Educational 132
Loans for Overseas Studies for the Students belonging to the
Minority Communities
26 ACSISOBCEBC :Dr. Ambedkar Central Sector Scheme of Interest 138
Subsidy on Educational Loans for Overseas Studies for Other
Backward Classes (OBCs) and Economically Backward Classes (EBCs)
(Applicable for loans taken w.e.f 01.10.2017)
27 ACSISOBCEBC :Dr. Ambedkar Central Sector Scheme of Interest 147
Subsidy on Educational Loans for Overseas Studies for Other
Backward Classes (OBCs) and Economically Backward Classes (EBCs)
28 New CSIS: Relief on Interest for Education Loans 150
sanctioned/availed upto 31.03.2009 and outstanding as on
31.12.2013. (Since discontinued)
29 Annexure List 156
1. Introduction
Education is the foundation on which strong and robust countries are built. For developing
economies like India it is the key ingredient that will help move the country to a developed
country. This makes Education an important element in the nation building and requires
all possible support.
The demography of the country and the growth opportunity it offers is steadily
increasing the number of aspiring students for education. The scope of education has
widened both in India and abroad covering new courses in diversified areas. One of the
key support element for a good education is the access to finance. The Bank with its
vast resource and reach and more importantly with its social outlook has a key role in
fulfilling this requirement.
Bank’s endeavor is to identify meritorious students who have both will and potential to
learn and achieve heights in future and support those deserving students who are in need
of finance. This will not only be a contribution for a greater cause in the society but will
also provide the bank the next set of successful customers.
In this process Bank has made various effort to support the deserving students. The
product and process are streamlined to the extent that we become the bank of choice
for the students. Care has been taken that this initiative not only supports students but
also help the Bank acquire the right set of customers. Education Loan continues to be
one of the key priority areas of the Bank. The schemes of the Bank are designed in line
with the priority for Education accorded by the Government.
Education Loan Schemes of the Bank are broadly based on the Model Education Loan
Scheme and Model Skill Loan Scheme of IBA. Bank offers distinct education loan
schemes for each sub-segment of studies as under;
Sr. Product Name Target Group

1. Baroda Vidya Nursery to standard XII
2. Baroda Gyan College and Higher Education in India
2 (a) Baroda Education Loan to Students of Regular Courses conducted by the Premier
Premier Institutions (under Baroda Gyan) Educational Institutions in India
2 (b) Baroda Education Loan for EDP Executive Development Programmes (Part
Programmes being offered by Premier Time / Weekend / Online Programmes)
Institutions in India
3. Baroda Scholar Studies Abroad (Regular Courses)
3 (a) Baroda Education Loan for EDP Executive Development Programmes (Part
Programmes being offered by Premier Time / Weekend / Online Programmes)
Institutions abroad
4. Baroda Skill Loan Scheme Skill Development Courses
2. BARODA VIDYA
(Education Loan for School Education from Nursery to Class XII)
PARAMETER PARTICULARS
Target group Parents of Students pursuing school education from Nursery to Class
XII.
Eligibility  Should be a Resident Indian.
 Student should have secured admission to a Recognized school /
Highschool / Jr. College (including CBSE / ICSE / State Board) for any
of the following courses
1. Stage I : Nursery to V th STD.
2. Stage II: VI th to VIII th STD.
3. Stage III:IX th to XII th STD
4. Evening courses of institutes approved by State / Central Govt.
 No minimum qualifying marks
 Loan to be granted in the name of father / mother of the student
Coverage of  Fee payable to College / School
expenses for  Examination / Library / Laboratory fee.
 Fee and other charges payable to hostel
 Purchase of books /equipments/ instruments/ uniforms.
 Personal Computers / Laptops wherever required.
 Caution deposit / building fund / refundable deposit
supported by Institution bills / receipts.
 Cost of external coaching / tution isnot to be considered
Quantum of  Maximum rs. 4.00 Lakh
finance  Need based finance subject to repayment capacity of parents.
 Loan is to be considered for the full duration of stage / course as
mentioned hereinabove with yearly sub limits. (Yearly sub-limit means
the maximum amount to be disbursed during the particular period to be
calculated based on the proposed expenditure during the year.)
 Loan for stage II can be considered even though loan sanctioned earlier
for stage I is outstanding, or loan for Stage III can be considered even
though loan sanctioned earlier for Stage II is outstanding subject to
repaying capacity and provided the loan account for previous stage/s
is/are conducted satisfactorily.
 Total amount of loan for all the stages sanctioned should not exceed
Rs. 4/- lakh.
Margin NIL
Rate of  1 year MCLR+ Strategic Premium + 2.50 % p.a.
Interest  0.50 % concession in rate of interest to loans sanctioned for the
benefit of girl students.
 No Penal interest.
 For family members of our Bank’s Employees : 1 year MCLR+
Strategic Premium ( Refer Annexure 10 for detailed guidelines)
Repayment  Loan for each yearly sub limit is repayble in 12 equal monthly
Period instalments. First instalment to be due 12 months after first
disbursement of each year’s loan component .
 Interest to be serviced as and when applied during the moratorium
period.
 An illustration of repayment is given at the end of the product profile.
Repayment Total deductions from the income including the proposed instalment and
Capacity interest should not exceed 60% of total income. The income of spouse,
wherever spouse is working also to be considered. Suitable proof of
income is to be obtained.
Unified NIL
Processing
charges
Security No security

In case the loan is given for purchase of computer the same is to be

hypothecated to the Bank.
Disbursement  Directly to School / Institution / hostel -- term wise / year wise.
 Directly to book seller / shop for purchase of books, instruments,
equipments.
 Next year disbursement to be made only after student has passed
the current year annual examination & progress report / marksheet
to that effect is produced by parents.
 In case student does not secure hostel facilities with educational
institute, he may be allowed to make his own arrangement if required,
fees of lodging / boarding in such cases to be paid directly to
concerned establishment, after verifying bonafides of the same.
 For the first year of study, at times institutions insist that the
students pay the fees immediately on admission. Such amount may be
reimbursed after obtaining necessary proof of payment
 In genuine cases, expenses for purchase of books etc. may be
reimbursed after obtaining necessary proof of purchases and
payment.
Details of The details of expenses to be obtained from college / school / institution.
Expenses In case such details are not furnished by the school authorities, suitable
declaration from parents be obtained and carefully examined / satisfied.
Progress Progress report to be obtained at regular intervals and kept on record.
Report
Other A stamped declaration / an affidavit confirming that no Educational loan
conditions is availed from other banks / institutions for the child for whom loan is
sanctioned by us and shall not avail educational loan from any other bank
without obtaining NOC from our bank during the pendency of our
educatinal loan, be obtained
No dues certificate need not be insisted upon.
Classification Priority Sector
of Advance
Discretionery  DLPs of Clean advance must be exercised.
Lending Powers
a) Public – As per Discritionary Lending power
b) Staff related accounts
Other than Senior Officers:

Branch Managers of all Grade / Scale are authorised to sanction loans
upto rs. 4.00 Lakhs under this scheme.
Senior Officers (Grade Scale IV & Above):
Sanctioning authority : RMCC
Extant guidelines for sanction of loans to relatives of Senior Officers
for reporting to MCB will continue.
Rephasement The rephasement of repayment in genuine cases be considered by the
next higher authority.
Financing  Branch in the vicinity of the Institute Or
Branch  Branch which is in close proximity to the permanent residence of
parent/at the place of posting/service of the parent Branch
Credit Rating  Refer Annexure 6
Model
Finacle Code LA131, LA132
Illustration for repayment:
Mr. A wants to pursue the studies in IXth standard. He will be considered loan to meet the
expenses of all the four years of the course i.e. from IX std. To XII std. i.e. stage three
.The expected yearly expenses are say rs.12,500/- . Thus the total expenditure for the
third stage i.e. IX to XII will be around rs. 50,000/-. Hence a loan of rs.50,000/- will be
considered to Mr. A.
The per year expenditure, being rs. 12,500/-, the yearly disbursement will also be upto
rs.12,500/- and over a period of -4- years ,the entire loan of rs.50,000/- would be disbursed.
As per repayment schedule, there is a moratorium of -12- months from first disbursement
of each year’s loan component, and after the expiry of -12- months moratorium period the
loan will be repaid in -12- months. However the interest debited in the loan account on
monthly basis will have to paid by the borrower. Presuming that the loan is sanctioned on 01-
6-2008, the repayment will be as under:
Year Particulars Dr. Cr. Balance
June,’08to May,’09 To disbursement on various dates for 12500 - 12500
IX th std.
July, ’08 to May,’09 To int. debited every month during the 1300 - 13800
year
July,’08 to May, ’09 *By interest deposited during the year 1300 12500
June,’ 09 to May, ’10 To disbrsement on various dates for X 12500 25000
th std.
June,’ 09 to May, ’10 *By monthly Recovery of loan - 12500 12500
disbursed during July,’08 to May, ’09
for class IX
July,’09 to May, ’10 To int. debited every month during the 1300 - 13800
year
July,’09 to May, ’10 *By interest deposited during the year 1300 12500
June,’ 10 to May, ’11 To disbrsement on various dates for 12500 25000
XI th std.
July,’ 10 to May, ’11 To int. debited every month during the 1300 26300
year
July,’ 10 to May, ’11 *By interest deposited during the year 1300 25000
for class X th Std.
June,’ 11 to May, ’12 To disbursement on various dates for 12500 - 25000
XIIth std.
June,’ 11 to May, ’12 To int. debited every month during the 1300 - 26300
year
June,’ 11 to May, ’12 *By interest deposited during the year 1300 25000
for class XI th Std.
June,’ 12 to May, ’13 To int. debited every month during the 1300 - 13800
year
June,’ 12 to May, ’13 *By interest deposited during the year 1300 12500
June,’ 12 to May, ’13 *By monthly Recovery of loan - 12500 NIL

for class XI th Std.
*(interest to be serviced as and when debited to the account)
3. BARODA GYAN
(Education Loan for Higher studies in India)
Target Group  Students pursuing Graduation, Post Graduation, Professional and

other courses in India
Courses Eligible  Graduation courses : BA, B.Com, B.Sc., etc.
 Post Graduation courses : Masters & Phd.
 Professional courses like: Engineering, Medical, Agriculture,
Veterinary, Law, Dental, Management, Architecture, Computer
etc.
(Management courses include Hotel Mgt., Hospitality Mgt.,
Event Mgt., Mass Communication etc offered by reputed
institutions having assured employment prospects)
 Computer certifficate courses of reputed institutes accredited
to Dept. of Electronics or insittutes affiliated to an approved
university.
 Courses like ICWA, CA, CFA etc.
 Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
 Regular Degree / Diploma courses like Aeronautical, Pilot
training, Shipping etc., approved by Director General of Civil
Aviation / Shipping.
 Courses offered in India by reputed Foreign Universities.
 Evening courses of approved institutes.
 Other courses leading to diploma / degree etc. conducted by
colleges / universities approved by UGC / Govt./ AICTE /
AIBMS / ICMR etc.
 Teachers Training Course / Nursing Course / BEd will be
eligible for education loan provided the training institutions are
approved either by the Central Government or by State
Government and such courses should lead to Degree or Diploma
Courses and not to Certificate Course. Branches can consider
the request for education loan under our “Baroda Gyan Scheme”
for the above courses. The fees to be considered for purpose
should be the fees structure as approved by the State
Government or Government approved Regulatory Body for merit
seats in Government Colleges / Private Self Financing Colleges,
Cooperative and Colleges run by Universities, as the case may
be.
 Baroda Corporate Centre may approve other insitution / courses
depending on future prospects / recognition by user institutions.
 Reference(s) for verifying the accreditation/
recognition of theInstitute/University :http://mhrd.gov.in,
www.ugc.ac.in, www.education.nic.in, www.aicte.org.in,
www.naac.gov.in; http://www.nbaind.org etc.
Student Eligibility  Should be Resident Indian.
 Should have secured admission in recognized institution for
approved courses by UGC / Govt. / AICTE through Entrance
Test / Merit Based selection process after completion of HSC
(10 plus 2 or equivalent)
Where the selection process are not purely based on marks

obtained in qualifying examination and the same is not the criterion
for admission, Sanctioning Authority to adopt appropriate criteria
based on employability and reputation of the institution concerned.
A meritorious student (who qualifies for a seat under merit

quota) will also be eligible for loan under this scheme evenif the
student chooses to pursue a course under Management Quota.
Coverage of  Fee payable to college / Institution / University / School /
expenses Hostel.
 Examination / Library / Laboratory fee.
 Hostel fees / charges.
 Purchase of books / equipments / instruments / uniforms.
 Caution deposit, Building fund / refundable deposit supported
by institution bills / receipts, subject to condition that the amount
does not exceed 10% of the total tuition fees for the entire course.
 Purchase of Personal Computer / Laptop - essential for
completion of the course.
 Insurance premium for student borrower, if any opted by the
student. Presently Bank has tie up arrangement with M/s.IndiaFirst
Life Insurance Co & M/s.Kotak Life Insurance co for Group Credit
Life insurance cover to Educaiton Loan borrowers.
 Any other expenses required to complete the course – like study
tours, project works, thesis, etc.
 Cost of external coaching / tution isnot to be considered.
 For admission taken under Management Quota Seats, fees
as approved by the State Government / Government approved
regulatory body for payment seats will be taken.
Note: The details of expenses for the entire course period to be

obtained from college / institution.
Quantum of  Maximum Rs.80.00 Lakh for Medical & Aviation Education and
finance  Maximum Rs.10.00 Lakh for others.
Need based finance subject to future repayment capacity based on
projected future earning which should commensurate with past
placement records and average packages offered to the pass outs
of the college. The information should be reflected in the appraisal
note.
Margin Up to Rs. 4.00 lakhs: NIL
Above Rs. 4.00 lakhs: 5%
 Scholarship / Assistantship,if any, to be included in the margin.
 Margin may be brought in on year-to-year basis as and when
disbursements are made on a pro rata basis.
Rate of Interest 1 year MCLR + 2.00% p.a. (Including SP) – Irrespective of Loan
Amount.
 0.50 % Concession in rate of interest to loans sanctioned for

the benefit of girl students.
 Simple interest to be charged at monthly rests during the
repayment holiday / moratorium period.
 Servicing of interest during the moratorium period till

commencement of repayment is optional for students. The accrued
interest during the repayment holiday period to be added to the
principal and repayment in Equated Monthly Instalment (EMI) be
fixed after completion of morotorium period.
 The additional 1% concession in interest for servicing interest

debited during repayment holiday (i.e, serviced before next
interest is debited to the account but not later than 30 days) will
be available for Loans sanctioned till 30.09.2013 only. (Not
available to new Loans sanctioned w.e.f. 01.10.2013).
 Penal interest @ 2% p.a. on overdue amount, if the loan amount
exceeds Rs. 4/- lakhs.
 The effective rate of interest should not go below the I year

MCLR Rate at any instance (with or without concessions if any).
Strategic Premium ( Refer Annexure 10 for detailed
guidelines)
Repayment Course period + 1 year.
Holiday /
Moratorium
period
Repayment Period The loan is repayable in maximum 10 – 15 years after the
completion of moratorium period as mentioned above
 For loans up to Rs. 7.50 Lakhs : Moratorium Period +Maximum
-120- instalments
 For Loans above Rs. 7.50 Lakhs : Moratorium Period +Maximum
-180- instalments
 If the student is not able to complete the course within the
scheduled time, extension of time for completion of course may be
permitted for a maximum period of -2- years. If the student is not
able to complete the course for reasons beyond his control,
sanctioning authority may at his discretion consider such
extensions as may be deemed necessary to complete the course.
 In case of above extention, moratorium period will stand

extended accordingly.
Unified NIL
Processing
Charges A non refundable Lump sum amount Rs. 7,500/- per property
(towards Advocate and Valuer charges) to be taken upfront in case
of all Education Loan accounts, wherever property is mortgaged .
Security Up to Rs.4.00 lacs: Co-obligation of parent. No Security.
Above Rs. 4.00 Lacs and up to Rs. 7.50 lacs:
 Collateral in the form of a suitable third party guarantee along

with assignment of future income.
 The Regional authority may, at its discretion, waive third party
guarantee in following cases:
i. if satisfied with the net-worth / means of parent who would
be executing the document as “Joint borrower”.
ii. to support highly meritorius / deserving students who have
secured admission in an institution of a high repute, but unable
to offer suitable third party guarantee.
Above Rs. 7.50 lacs :
Tangible collateral security equal to 100% of the loan amount along

with assignment of future income of the student for payment of
instalments.
 The Collateral security can be in the form of mortgage of

properties (Land / Building/ house/ flat etc) or Bank Deposit /
Govt. securities / Public Sector Bonds / Units of UTI / NSC /
KVP / LIC policy / Gold / Shares / Debentures / Relief Bonds,
etc. standing in the name of student / parent / guardian or
guarantor.
 Wherever mortgage of properties is offered as security, the
property should be got valued by our Bank’s approved valuer as
per extant guidelines at the time of considering the facility and
the Realisable Value of Property is to be considered as the value
of the property.
 In case of properties acquired within last -3- years, amount
of Registered Sale Deed or the Realisable Value whichever is
lower should be taken as value of property.
 If the present Realisable value is higher than the Registered
value (Registered within last 3 years) and if it requires to
consider present Realisable value as value of property, for any
reason, prior permission from Regional Authority to be
obtained for the same.
 In case plot of land, it should be identifiable by boundaries /
demarcation.
 In case of any type of Tenanted properties, adequate measures
to be taken to safeguard Bank’s interest. Guidelines of Circular
No. BCC:BR:106/406 dated 14.10.2014 issued by Legal Dept.
BCC regarding precautions to be taken while accepting tenanted
property as security should be followed scrupulously.
 In case of other collateral securities like Bank Deposit / Govt.
securities / Public Sector Bonds / Units of UTI / NSC / KVP /
Insurance policy / Gold / Shares / Debentures / Relief Bonds,
etc., the surrender value (in case of Insurance Policy) /
Outstanding amount (in case of Bank Deposit), face value (in
case of NSC, KVP, Govt Securities, Bonds etc) as the case may,
to be accepted as the value of collateral security.
 In case the loan is given for purchase of computer, the same
to be hypothecated to the Bank.
 A stamped declaration / an affidavit, confirming that no
Educational Loan is availed from other bank / institutions is
to be obtained.
 Regarding assignment of future income of the student, an
“Agreement to Undertake Assignment of Future Income” to
be obtained if the Loan amount is more than rs. 4 lacs.
Margin on collateral Security:
Branches can obtain collateral security (wherever stipulated)
equivalent to 100% of loan amount without keeping any margin in
case of mortgage of property. However in case of securities like
Bank Deposit / Govt. securities / Public Sector Bonds / Units of
UTI / NSC / KVP / LIC policy / Gold / Shares / Debentures / Relief
Bonds etc suitable margin as per extant guidelines to be maintained.
Wherever the property is already mortgaged to any Retail Loan,

the residual portion can be considered after earmarking 150% of
the outstanding balance (incase of overdraft- sanctioned limit) of
the previous loan/s] provided it covers the required loan amount to
the extent of 100%.
Documentation  D.P. Note
 Letter of Installments with acceleration clause
 Declaration cum Undertaking cum Authority
 General form of Guarantee (if stipulated)
 Documents related to Mortgage of property / other
securities (if stipulated)
 Stamped declaration / an affidavit confirming that no
Educational loan is availed from other bank / institutions
 Agreement to undertake assignment of Future Income (in
case of Education Loan of more than rs.4.00 Lacs )
 Agreement between student/borrower and Bank, if eligible
under Education Loan Interest Subsidy scheme.
Other Condtions  The documents should be executed by the student and the
parent / guardian as joint borrowers. In case of married student,
co-obligator can be either spouse or the parent(s) / parent(s)-in-
law.
 If the student is minor, documents to be executed by father /
mother / guardian and on behalf of student (jointly and severally).
Subsequently, branch has to obtain fresh set of loan documents,
after the student attaining majority and the same to be executed
by Student and Parent / Guardian.
 In case of receipt of application for more than one loan for

student borrower from a family, the loan is to be considered
individual wise. That means any number of applicants belonging to
the same family may be sanctioned loans up to rs.4.00 Lacs
individually without insisting for collateral security.
 In the normal course, while appraising the loan the future
income prospects of the student will be looked into. However, where
required, the means of parent / guardian could also be taken into
account to evaluate re-payment capability.
 No dues certificate need not be insisted upon.
Disbursement  Directly to School / Institution / hostel -- term wise / year wise,

in stages as per the requirement / demand.
equipments.
 In case student does not secure hostel facility with educational
institute, he may be allowed to make his own arrangement if
required. Lodging / boarding charges in such cases to be paid
directly to concerned establishment, after verifying bonafides of
the same.
Reimbursement  For the first year of study, at times institutions insist that the
students pay the fees immediately on admission. Such amount may
be reimbursed after obtaining necessary proof of payment.
reimbursed after obtaining necessary proof of purchases and
payment.
Details of The details of expenses for the entire course period to be obtained
Expenses from college / institution.
Progress Report Progress report to be obtained at regular intervals & be kept on
record.
Classification of Priority Sector (Up to Rs. 10.00 Lacs): Outstanding balance upto rs.
Advance 10.00 Lakhs.
Discretionary  For Loans upto Rs. 7.50 Lacs, where no tangible securities
Lending powers/ are available, DLPs of Clean advance must be exercised.
Sanctioning
Authority a) For Public – As per Discretionary Lending power.
b) Staff related accounts:
Relatives of other than Senior Officers:

All Branch Managers / Sanctioning Authorities – as per normal
discretionary lending powers for public.
c) Relatives of Senior Officers (Grade Scale IV and Above):
Sanctioning AuthorityLoan Amount

 RMCC OR
 Branch Heads in SM G/S V & G/S-VI - Rs. 15.00 lacs
ZOCC - Full Powers (subject to obtaining deviation in maximum
limit, wherever applicable)
 Extant guidelines for sanction of loans to relatives of Senior

Officers for reporting to MCB will continue.
 No application should be rejected without the concurrence

of the next higher authority.
Deviation Financial / non-Financial Deviations / Concessions in respect of
scheme parameters / guidelines may be considered as per existing
Guidelines on Deviation Powers for Retail Loans.
Additional Loan /  Loan for higher studies in India under Baroda Gyan for the same
Enhancement in student can be considered even though loan sanctioned earlier
Limit under Baroda Vidya is outstanding, provided the loan account for
previous stage/s is/are conducted satisfactorily.
 If the student wants to pursue further education, additional

loan / enhancement in limit may be considered within the overall
maximum limit specified under Baroda Gyan. The additional
security, if required, as per enhancement in limit should invariably
be taken. e.g. Mr. ‘A’ has availed educational loan for his studies for
MBBS. After completion of MBBS, he seeks admission for M.D. /
M.S., he may be granted loan within overall ceiling limit of amount
under Baroda Gyan.
 In this case, the moratorium period granted initially for the

first loan, will stand extended further as per the duration of the
course of the second loan. Accordingly, the repayment
commencement date of the first loan can be synchronised with that
of the second loan. (i.e. 1 year after completion of second course)
Rephasement The rephasement of repayment in genuine cases be considered by
the next higher authority
Financing Branch  Branch in the vicinity of the Institute
Or
 Branch which is in close proximity to the permanent
residence of parent/at the place of posting/service of the
parent Branch
Present Education Loan Scheme has not stipulated service area
approach to finance Education Loans.
Education Loan applications should not be rejected merely for the
reason that the particular area is allocated to another Bank by
SLBC / DLCCs.
Guidelines for For courses of more than one year, while releasing loan installments
release of to students during the 2nd and subsequent years, branches may
Installments to come across a situation that student might have failed in more than
students having one subject in semester examinations and their performance is
arrears in continuously poor. In some cases, students might have failed in
semester more than 50% of the subjects they appeared. In such cases, the
examinations. students may not be in a position to complete the course within the
course period. Securing a good employment would also difficult for
them in the competitive environment and even they get employment
the salary may not adequate to meet the repayment obligations.
The following conditions are suggested for release of subsequent

installments to students:
 If the student borrower fails in one or more subjects in the
first year, a declaration may be obtained from the student / parent
that he will clear the arrears in the ensuing examination.
 From the second year onwards, if the student borrower fails in
more than one third of the subjects he / she appeared, a suitable
third party guarantee with adequate net worth may be insisted for
release of further installments.
 The above conditions may be made known to the students and
the co- borrower at the time of loan sanction itself.
Central Schemes
of Interest Refer Subsidy Scheme guidelines
Subsidy (CSIS)
for Educational
Loans for Studies
in India
Credit Rating Refer Annexure 6
Model
Finacle Code LA130, LA133, LA152
4. Baroda Education Loan to Students of Premier Institutions In India
(Under Baroda Gyan Scheme)
Courses Eligible  Full time regular Courses conducted by the Premier Educational
Institutions:
 Refer List of the institutions (List-AA, A,B & List-C) .
 General Manager (Retail Banking), / Head – Mortgages & Other
Retail Assests, BCC may approve other insitutions / courses depending
on future prospects / recognition by user institutions.
Student  Should be Resident Indian.
Eligibility  Secured admission in professional / technical courses in India
conducted by above mentioned Institutions.
Coverage of  Fee payable to college/Institution/University/school/hostel.
expenses  Examination / Library / Laboratory fee.
 Hostel fees / charges.
 Purchase of books / equipments / instruments / uniforms.
 Caution deposit, Building fund / refundable deposit supported by
institution bills/ receipts, subject to condition that the amount does
not exceed 10% of the total tuition fees for the entire course.
 Purchase of Personal Computer / Laptop - essential for completion
of the course.
 Insurance premium for student borrower, if any opted by the
student. Presently Bank has tie up arrangement with M/s.IndiaFirst
Life Insurance Co & M/s.Kotak Life Insurance co for Group Credit Life
insurance cover to Educaiton Loan borrowers.
 Cost of external coaching/tution isnot to be considered.
Quantum of Category Maximum Loan Limit

finance No security With tangible 100%
collteral security of full
value of the Loan amount
Institutions– under List Rs. 40.00
Rs.80.00 Lakh
AA Lakh
Institutions under List Rs. 20.00
Rs.80.00 Lakh
– A Lakh
Institutions under
Rs.7.50 Lakh Rs.80.00 Lakh
List-B
Institutions under
Rs.7.50 Lakh Rs. 80.00 Lakh
List-C
 Need based finance subject to future repayment capacity based on
projected future earning which should commensurate with past
placement records and average packages offered to the pass outs of
the college.
Margin NIL
Rate of For List-AA Institutions:
Interest 1 year MCLR
For List-A Institutions:

1 year MCLR
For List-B Institutions:
Upto Rs.7.50 Lacs : 1 year MCLR+ 0.75% Spread ( Including SP)

Above Rs.7.50 Lacs: 1 year MCLR +0.50% Spread ( Including SP)
For List-C Institutions:
Upto Rs.7.50 Lacs : 1 year MCLR+ 1.50% Spread ( Including SP)

Above Rs.7.50 Lacs: 1 year MCLR +1.25% Spread ( Including SP)
 No special concession for girl students under this scheme.

 Servicing of interest during the moratorium periuod is optional for
students. The accrued interest during the repayment holiday period to
be added to the principal and repayment in Equated Monthly
Instalment(EMI) to be fixed.
exceeds Rs. 4/- lacs.
Moratorium Course period + 1 year.

period
Repayment For loans up to Rs.7.50 Lac : Moratorium Period + Maximum 120
Period installments
For Loans above Rs. 7.50 Lac : Moratorium Period + Maximum 180
installments
 The repayment to commence after one year of completion of
studies.
permitted for a maximum period of 2 years. If the student is not able
to complete the course for reasons beyond his control, sanctioning
authority may at his discretion consider such extensions as may be
deemed necessary to complete the course.
 In case of above extention, moratorium period will stand extended
accordingly.
Unified NIL for all cases. A non refundable Lump sum amount rs. 7, 500/- per
Processing property (towards Advocate and Valuer charges) to be taken upfront in
Charges case of all Education Loan accounts, wherever property is mortgaged.
Mortgage No Mortgage creation charges for all types of Education Loans w.e.f.
creation 18.06.2016.
charges
Security For Institutions in List AA:
Up to Rs. 40.00 Lakh:No Security

Co-obligation of parents / guardian along with assignment of future
income of the student for payment of instalments.
Above Rs. 40.00 Lakh :Tangible collateral security equal to 100% of
the loan amount along with assignment of future income of the student
for payment of instalments.
For Institutions in List-A:
Up to Rs. 20.00 Lakh: No Security

Above Rs. 20.00 Lakh: Tangible collateral security equal to 100% of
For Institutions in List-B:
Up to Rs. 7.50 Lacs: No Security

Above Rs. 7.50 Lacs: Tangible collateral security equal to 100% of
For Institutions in List-C:

Up to Rs. 7.50 Lacs: No Security
Above Rs. 7.50 Lacs: Tangible collateral security equal to 100% of
 The Collateral security can be in the form of mortgage of properties

(Land / Building/ house/ flat etc) or Bank Deposit / Govt. securities
/ Public Sector Bonds / Units of UTI / NSC / KVP / LIC policy /
Gold / Shares / Debentures / Relief Bonds, etc. standing in the
name of student / parent / guardian or guarantor.
property should be got valued by our Bank’s approved valuer as per
extant guidelines at the time of considering the facility and the
Realisable Value of Property is to be considered as the value of the
property.
 In case of properties acquired within last -3- years, amount of
Registered Sale Deed or the Realisable Value whichever is lower
should be taken as value of property.
 If the present Realisable value is higher than the Registered value
(Registered within last 3 years) and if it requires to consider
present Realisable value as value of property, for any reason, prior
permission from Regional Authority to be obtained for the same.
demarcation.
 In case of any type of Tenanted properties, adequate measures to
be taken to safeguard Bank’s interest. Guidelines of Circular No.
BCC:BR:106/406 dated 14.10.2014 issued by Legal Department, BCC
regarding precautions to be taken while accepting tenanted
property as security should be followed scrupulously.
Insurance policy / Gold / Shares / Debentures / Relief Bonds, etc.,
the surrender value (in case of Insurance Policy) / Outstanding
amount (in case of Bank Deposit), face value (in case of NSC, KVP,
Govt Securities, Bonds etc) as the case may, to be accepted as the
value of collateral security.
 In case the loan is given for purchase of computer, the same to

be hypothecated to the Bank.
Educational Loan is availed from other bank / institutions is to
be obtained.
“Agreement to Undertake Assignment of Future Income” to be
obtained if the Loan amount is more than Rs. 4 lacs.

equivalent to 100% of loan amount without keeping any margin in case
of mortgage of property. However in case of securities like Bank
Deposit / Govt. securities / Public Sector Bonds / Units of UTI / NSC
/ KVP / LIC policy / Gold / Shares / Debentures / Relief Bonds etc
suitable margin as per extant guidelines to be maintained.
Wherever the property is already mortgaged to any Retail Loan, the

residual portion can be considered after earmarking 150% of the
outstanding balance (incase of overdraft- sanctioned limit) of the
previous loan/s] provided it covers the required loan amount to the
extent of 100%.
Documentation  D. P. Note
 Letter of Installments with acceleration clause
 Declaration cum Undertaking cum Authority
 General Form of Guarantee (if stipulated)
 Documents related to Mortgage of property / other securities (if
stipulated)
 Stamped declaration / an affidavit confirming that no Education
Loan is availed from other bank / institutions
 Agreement to undertake assignment of Future Income (in case of
Education Loan of more than Rs. 4.00 Lacs )
 Agreement between student / borrower and Bank, if eligible under
Education Loan Interest Subsidy scheme.
Other  The documents should be executed by the student and the parent /
Conditions guardian as joint borrowers. In case of married student, co-
obligator can be either spouse or the parent(s) / parent(s)-in-law.

 In case of receipt of application for more than one loan for student
borrower from a family, the loan is to be considered individual wise.
That means any number of applicants belonging to the same family
may be sanctioned loans up to Rs. 4.00 Lacs individually without
insisting for collateral security.
 In the normal course, while appraising the loan the future income
prospects of the student will be looked into. However, where
 No dues certificate need not be insisted upon.
Disbursement  Directly to Institution / Hostel, term wise/ year wise, in stages as
per the requirement / demand
equipments.
 In case student does not secure hostel facility with educational
institute, he may be allowed to make his own arrangement if required.
Lodging / boarding charges in such cases to be paid directly to
concerned establishment, after verifying bonafides of the same.
Reimbursement  For the first year of study, if institution insists that the students
pay the fees immediately on admission, such amount may be reimbursed
after obtaining necessary proof of payment.
reimbursed after obtaining necessary proof of purchases and payment.
Details of The details of expenses for the entire course period to be obtained
Expenses from college / institution.
Progress Report Progress report to be obtained at regular intervals and to be kept on
record.
Classification Loans to individuals for educational purposes, including vocational
of Advance courses, upto rs. 10 lacs irrespective of the sanctioned amount will be
(Priority considered as eligible for priority sector.
sector)
Lending Powers/ For Education Loans, where no tangible securities are available,
Sanctioning DLPs of Clean advance to be exercised.
Authority
a) For Public – As per Discretionary Lending power.
b) Staff related accounts:
Relatives of other than Senior Officers:
All Branch Managers / Sanctioning Authorities – as per normal
discretionary lending powers for public.
c) Relatives of Senior Officers (Grade Scale IV and Above):
Sanctioning AuthorityLoan Amount

RMCC OR
Branch Heads in SM G/S V & G/S-VI - Rs. 15.00 lacs
ZOCC - Full Powers (subject to obtaining deviation in maximum limit,

wherever applicable)
 Extant guidelines for sanction of loans to relatives of Senior

Officers for reporting to MCB will continue.
 No application should be rejected without the concurrence of the

next higher authority.
Deviation Financial / non-Financial Deviations / Concessions in respect of scheme
parameters / guidelines may be considered as per exising guidelines on
Deviation powers for Retail Loans.
Financing  Branch in the vicinity of the Institute #
Branch Or
 Branch which is in close proximity to the permanent residence
of parent/at the place of posting/service of the parent Branch
# In case where the Programmes are being offered by these Premier
Institutions in collaboration with the Technology Partners like Hughes,
Times Pro etc., the centers of such technology Partners may be
treated at par with the Institutions and a Branch in the vicinity of the
center of such Technology partners can also sanction.


reason that the particular area is allocated to another Bank by SLBC /
DLCCs.
Refer Annexure 38 for details of Branches mapped to each Premeir

Institutions.
Guidelines for For courses of more than one year, while releasing loan installments to
release of students during the 2nd and subsequent years, branches may come
Installments to across a situation that student might have failed in more than one
students having subject in semester examinations and their performance is continuously
arrears in poor. In some cases, students might have failed in more than 50% of
semester the subjects they appeared. In such cases, the students may not be in
examinations. a position to complete the course within the course period. Securing a
good employment would also difficult for them in the competitive
environment and even they get employment the salary may not adequate
to meet the repayment obligations.
The following conditions are suggested for release of subsequent

installments to students:
 If the student borrower fails in one or more subjects in the first
year, a declaration may be obtained from the student / parent that
he will clear the arrears in the ensuing examination.
 From the second year onwards, if the student borrower fails in more
than one third of the subjects he / she appeared, a suitable third
party guarantee with adequate net worth may be insisted for release
of further installments.
 The above conditions may be made known to the students and the
co- borrower at the time of loan sanction itself.
Other General  All the General guidelines applicable to Baroda Gyan will be
guidelines. applicable to this Scheme.
 Borrower can avail interest subsidy under Education Loan
Interest Subsidy Scheme (ELIS) if satisfying the eligibility norms as
per the Scheme.
Finacle Code LA 159
List of Premier Institutions in India
Sr. Category Institution City

1 List AA Indian Institute of Management (IIM) Ahmedabad
2 List AA National Institute of Design(NID) Ahmedabad
3 List AA National Institute of Design(NID) Gandhinagar
4 List AA Indian Institute of Management (IIM) Bangaluru
5 List AA Indian Institute of Science Bangaluru
6 List AA Indian school of Business (ISB) Hyderabad
7 List AA Indian Institute of Technology (IIT) Roorkee
8 List AA College of Engineering (Anna University) Chennai
9 List AA Indian Institute of Technology (IIT) Chennai
Birla Institute of Technology and
10 List AA Pilani
Science(BITS)
11 List AA Indian Institute of Technology (IIT) Kharagpur
12 List AA Indian Institute of Management (IIM) Kolkata
13 List AA Indian Institute of Management (IIM) Lucknow
14 List AA Indian Institute of Technology (IIT) Varanasi
15 List AA Indian Institute of Technology (IIT) Mumbai
16 List AA Indian Institute of Technology (IIT) New Delhi
17 List AA Indian school of Business (ISB) Mohali
Xavier Labour Relations Institute (XLRI) Xavier
18 List AA Jamshedpur
School of Management
Centre for Environment Planning and Technology
19 List A Ahmedabad
(CEPT)
Mudra Institute of Communications, Ahmedabad
20 List A Ahmedabad
(MICA)
21 List A Institute of Rural Management Anand(IRMA) Anand
22 List A Indian Institute of Technology (IIT) Gandhinagar
23 List A National Institute of Technology (NIT) Tadepalligudem
24 List A Indian Institute of Technology (IIT) Tirupati
25 List A Indian Institute of Management (IIM) Visakhapatnam
26 List A Bangalore Medical College (BMC) Bangaluru
International Institute of Information
27 List A Bangaluru
Technology(IIIT)
28 List A St. John’s Medical College Bangaluru
29 List A Indian Institute of Technology (IIT) Dharwad
30 List A National Institute of Technology (NIT) Mangalore
31 List A Kasturba Medical College Manipal
32 List A Manipal institute of Technology Manipal
33 List A Indian Institute of Technology (IIT) Hyderabad
International Institute of Information
34 List A Hyderabad
Technology(IIIT)
35 List A Osmania Medical College, Koti Hyderabad
36 List A Gandhi Medical College Secunderabad
37 List A National Institute of Technology (NIT) Warangal
Jawaharlal Nehru Medical College, Aligarh
38 List A Aligarh
Muslim University
39 List A Indian Institute of Management (IIM) Kashipur
40 List A All India Institute of Medical Sciences (AIIMS) Rishikesh
41 List A National Institute of Technology (NIT) Srinagar
42 List A National Institute of Technology (NIT) Surat
43 List A All India Institute of Medical Sciences (AIIMS) Raipur
44 List A Indian Institute of Management (IIM) Raipur
45 List A Indian Institute of Technology (IIT), Bhilai Raipur
46 List A National Institute of Technology (NIT) Raipur
47 List A All India Institute of Medical Sciences (AIIMS) Bhopal
48 List A Indian Institute of Forest Management Bhopal
49 List A National Institute of Technology (NIT) Bhopal
50 List A Indian Institute of Management (IIM) Indore
51 List A Indian Institute of Technology (IIT) Indore
52 List A National Institute of Technology (NIT) Calicut
53 List A Indian Institute of Management (IIM) Kozhikode
54 List A Indian Institute of Technology (IIT) Palakkad
Thiruvananthap
55 List A Indian institute of Space and Technology (IIST)
uram
56 List A National Institute of Technology (NIT) Karaikal
Alagappa Chettiyar College of engineering and
57 List A Chennai
Technology (Anna University)
The School of Structural and Architectural
58 List A Chennai
Planning (Anna University)
59 List A Government Kilpauk Medical College Chennai
Madras Institute of Technology (Anna
60 List A Chennai
University)
61 List A Madras Medical College (MMC) Chennai
Sri Ramachandra University, formerly Sri
62 List A Ramachandra Medical College and Research Chennai
Institute
63 List A Stanley Medical College Chennai
64 List A Vellore Institute of Technology(VIT) Chennai
Jawaharlal Institute of Postgraduate Medical
65 List A Pondichery
Education & Research (JIPMER)
66 List A Indian Institute of Management (IIM) Trichy
67 List A National Institute of Technology (NIT) Trichy
68 List A Christian Medical College & Hospital (CMC) Vellore
69 List A Vellore Institute of Technology(VIT) Vellore
L N Mittal Institute of information and
70 List A Jaipur
technology (LNMIIT)
71 List A SMS Medical College Jaipur
72 List A All India Institute of Medical Sciences (AIIMS) Jodhpur
73 List A Indian Institute of Technology (IIT) Jodhpur
74 List A Indian Institute of Management (IIM) Udaipur
75 List A National Institute of Technology (NIT) Yupia
76 List A Indian Institute of Technology (IIT) Guwahati
77 List A National Institute of Technology (NIT) Silchar
78 List A National Institute of Technology (NIT) Imphal
79 List A Indian Institute of Management (IIM) Shillong
80 List A National Institute of Technology (NIT) Shillong
81 List A National Institute of Technology (NIT) Aizawal
82 List A National Institute of Technology (NIT) Dimapur
83 List A National Institute of Technology (NIT) Ravangla
84 List A National Institute of Technology (NIT) Agartala
85 List A National Institute of Technology (NIT) Durgapur
86 List A Calcutta National Medical College and Hospital Kolkata
Institute of Post Graduate Medical Education &
87 List A Kolkata
Research (IPGME&R)
Indian Institute of Engineering Science and Shivpur,
88 List A
Technology Howrah
89 List A National Institute of Technology (NIT) Allahabad
90 List A Indian Institute of Technology (IIT) Kanpur
Faculty of Medical Science (king Geroge's
91 List A Lucknow
Medical University)
Institute of Medical Sciences, Banaras Hindu
92 List A Varanasi
University
Grant Medical College (GMC) & Sir JJ Group of
93 List A Mumbai
Hospitals
King Edward Memorial Hospital and Seth
94 List A Mumbai
Gordhandas Sunderdas Medical College (KEM)
Narsee Monjee Institute of Management
95 List A Mumbai
Studies(NMIMS)
National Institute of Industrial
96 List A Mumbai
Engineering(NITIE)
SP Jain Institute of Management & Research
97 List A Mumbai
(SPJIMR)
98 List A Tata Institute of Social Sciences(TISS) Mumbai
Veermata Jijabai Technological Institute
99 List A Mumbai
(VJTI)
University Institute of Chemical
100 List A Mumbai
Technology(ICT)
Jamnalal Bajaj Institute of Management
101 List A Mumbai
Studies(JBIMS)
102 List A Government Medical College & Hospital Chandigarh
Post Graduate Medical Education and research
103 List A Chandigarh
(PGIMER)
104 List A Punjab Engineering College Chandigarh
105 List A Great Lakes Institute of Management (GLIM) Gurgaon
106 List A Management Development Institute (MDI) Gurgaon
107 List A National Institute of Technology (NIT) Kurukshetra
108 List A Indian Institute of Management (IIM) Rohtak
109 List A National Institute of Technology (NIT) Hamirpur
110 List A Dr Rajendra Prasad Government Medical College Kangra (H.P.)
111 List A Indian Institute of Technology (IIT) Mandi
112 List A Indian Institute of Management (IIM) Sirmaur
113 List A Indian Institute of Technology (IIT) Jammu
114 List A Indian Institute of Management (IIM) Jammu
115 List A National Institute of Technology (NIT) Srinagar
116 List A All India Institute of Medical Sciences (AIIMS) New Delhi
117 List A Delhi College of Engineering New Delhi
118 List A Faculty of Management Studies(FMS Delhi) New Delhi
119 List A FORE School of Management New Delhi
120 List A Indian Institute of Foreign Trade (IIFT) New Delhi
121 List A International Management Institute(IMI) New Delhi
122 List A Lady Hardinge Medical College(LHMC) New Delhi
123 List A Maulana Azad Medical College (MAMC) New Delhi
124 List A National Institute of Technology (NIT) New Delhi
125 List A School of Planning and Architecture New Delhi
126 List A Government Medical College Amritsar
127 List A Indian Institute of Management (IIM) Amritsar
128 List A National Institute of Technology (NIT) Jalandhar
129 List A Christian Medical College & Hospital (CMC) Ludhiana
130 List A Indian Institute of Technology (IIT) Ropar
131 List A Institute of management & Technology(IMT) Ghaziabad
132 List A Indian Institute of Management (IIM) Bodh Gaya
133 List A Indian Institute of Technology (IIT) Patna
134 List A National Institute of Technology (NIT) Patna
135 List A All India Institute of Medical Sciences (AIIMS) Patna
136 List A Indian Institute of Technology (IIT) Dhanbad
137 List A National Institute of Technology (NIT) Jamshedpur
138 List A Indian Institute of Management (IIM) Ranchi
139 List A All India Institute of Medical Sciences (AIIMS) Bhubaneswar
140 List A Indian Institute of Technology (IIT) Bhubaneswar
141 List A National Institute of Technology (NIT) Rourkela
142 List A Indian Institute of Management (IIM) Sambalpur
Birla Institute of Technology and Science
143 List A Goa
(BITS)
144 List A Indian Institute of Technology (IIT) Goa
145 List A National Institute of Technology (NIT) Goa
146 List A Indian Institute of Management (IIM) Nagpur
147 List A National Institute of Technology (NIT) Nagpur
148 List A Armed Forces Medical College (AFMC) Pune
149 List A College of Engineering Pune
Symbiosis Centre for Management and Human
150 List A Pune
Resource Development (SCMHRD)
Symbiosis Institute of Business
151 List A Pune
Management(SIBM)
Indira Gandhi Rashtriya Udaan Academy,
152 List A Raebareli
Raebareli” (IGRUA)
153 List B B J Medical College Ahmedabad
154 List B ICFAI Business School(IBS) Ahmedabad
155 List B Nirma Institute of Management Ahmedabad
Dhirubhai Ambani Institute of Information and
156 List B Gandhinagar
Communication Technology (DAIICT)
157 List B ICFAI Business School(IBS) Bangaluru
158 List B Alliance School Of business Bangalore Bangaluru
159 List B Christ University Institute of Management Bangaluru
160 List B M.S. Ramaiah Medical College Bangaluru
161 List B K S Hegde Medical Academy Mangalore
162 List B T.A. Pai Management Institute (TAPMI) Manipal
163 List B MYRA School of Business Mysore
164 List B ICFAI Business School(IBS) Hyderabad
National Institute of Construction Management
165 List B Hyderabad
and Research(NICMAR)
166 List B Osmania University College of Engineering Hyderabad
167 List B ICFAI Business School(IBS) Dehradun
168 List B Indore
and Research (NICMAR)
169 List B Amrita School of Medicine (ASM) Kochi
Institute of Financial Management &
170 List B Chennai
Research(IFMR) Chennai
Loyola Institute of Business Administration
171 List B Chennai
(LIBA)
172 List B Sathyabama Engineering College Chennai
173 List B Sri Ramaswami Memorial University(SRM) Chennai
174 List B PSG College of Technology Coimbatore
175 List B PSG Institute of Advanced Studies Coimbatore
Kalavakkam
176 List B Shiv Nadar college of Engineering
(Chennai)
177 List B Thiagarajar College of Engineering Madurai
Shanmuga Arts Science technology and research
178 List B Thanjavur
academy (SASTRA)
179 List B Bharatidasan Institute of management Trichy Tiruchirappalli
180 List B ICFAI Business School(IBS) Jaipur
181 List B Malaviya National Institute of Technology Jaipur
182 List B ICFAI Business School(IBS) Kolkata
Faculty of Engineering and Technology
183 List B Kolkata
(Jadavpur University)
184 List B National University of Juridical Science Kolkata
185 List B Era's Lucknow Medical College and Hospital Lucknow
186 List B ICFAI Business School(IBS) Mumbai
187 List B K J Somaiya School of management studies Mumbai
188 List B K. J. Somaiya Medical College & Research Centre Mumbai
Prin. L. N. Welingkar Institute of Management
189 List B Mumbai
Development & Research
190 List B D Y Patil University School of Medicine Navi Mumbai
191 List B Bahadurgarh
192 List B ICFAI Business School(IBS) Gurgaon
193 List B Jamia Millia Islamia New Delhi
194 List B Netaji Subhash Institute of Technology (NSIT) New Delhi
195 List B Vardhman Mahavir Medical College New Delhi
196 List B Dayanand Medical College (DMC) Ludhiana
Thapar Institute of Engineering and Technology
197 List B Patiala
University
Birla Institute of Management
198 List B Greater Noida
Technology(BIMTECH)
Birla Institute of Technology and Science
199 List B Ranchi
(BITS)
Xavier Institute of Management (XIM)
200 List B Bhubaneswar
Bhubaneshwar
201 List B University college of Engineering Burla, Odisha
202 List B Goa Institute of Management Goa
203 List B Goa
and Research (NICMAR)
204 List B D. Y. Patil Medical College And University Kolhapur
205 List B ICFAI Business School(IBS) Pune
Byramjee Jeejeebhoy Government Medical
206 List B Pune
College
207 List B Dr. D. Y. Patil Medical College Pune
208 List B Pune
Mahatma Gandhi Institute of Medical Sciences
209 List B Wardha
(MGIMS)
Indian Maritime University – Mumbai Port
210 List B Campus (The Lal Bahadur Shastri College of Mumbai
Advanced Maritime Studies & Research,)
Indian Maritime University – Mumbai Port
211 List B Mumbai
Campus (Marine Engineering Research Institute)
Indian Maritime University – Navi Mumbai
212 List B Mumbai
Campus (Training Ship Chanakya)
Indian Maritime University – Kolkata Campus
213 List B Kolkata
(Marine Engineering Research Institute)
Indian Maritime University – Kolkata Campus
214 List B Kolkata
(Indian Institute of Port Management)
Indian Maritime University – Visakhapatnam
215 List B Campus (The National Ship Design and Research Visakhapatnam
Centre)
Indian Maritime University – Chennai Campus
216 List B Chennai
(National Maritime Academy )
217 List B Indian Maritime University – Kochi Campus Kochi
Nirma Institute of Technology, Nirma
218 List C Ahmedabad
University
Pandit Deendayal Petroleum University, School
219 List C Gandhinagar
of Management
220 List C Sri Venkateswara University Tirupati
Gandhi Institute of Technology and Management
221 List C Visakhapatnam
(GITAM)
222 List C Maharajah's Institute of Medical Sciences, Vizianagaram
223 List C BMS College of Engineering Bangaluru
Institute of Finance and International
224 List C Bangaluru
Management(IFIM)
225 List C MS Ramaiah Institute of Management,Bangalore Bangaluru
226 List C MS Ramaiah Institute of Technology Bangaluru
227 List C PES University Bangaluru
R.V. College of Engineering, Rashtreeya Sikshana
228 List C Bangaluru
Samithi Trust
229 List C ICFAI Institute of Science and Technology Hyderabad
230 List C Woxsen School of Business Hyderabad
Zakir Husain College of Engineering &
231 List C Aligarh
Technology
Shri Ram Murti Smarak Institute of Medical
232 List C Bareilly
Sciences
233 List C Govt Model Engineering College Kochi
234 List C SSN School of Management Chennai
235 List C Amrita School of Business Coimbatore
236 List C Amrita School of Engineering Coimbatore
237 List C Coimbatore Institute of Technology Coimbatore
238 List C Thiagarajar School of Management, Madurai Madurai
Indian Institute of Social Welfare and Business
239 List C Kolkata
Management
Chetna's R. K. Institute of Management Studies
240 List C Mumbai
& Research
241 List C Institute of Technology & Management(ITM) Mumbai
242 List C Sardar Patel College of Engineering Mumbai
243 List C SIES College of Management Studies Mumbai
Sydenham Institute of Management Studies,
244 List C Mumbai
Research and Entrepreneurship Education
Maharishi Markandeshwar Institute Of Medical
245 List C Ambala
Sciences & Research
246 List C Lal Bahadur Shastri Institute of Management New Delhi
247 List C University institute of Engineering Chandigarh
School of Medical Sciences and Research-
248 List C Greater Noida
Sharda University
249 List C AMITY School of Engineering Noida
250 List C Jaipuria Institute of Management, Noida Noida
251 List C BML Munjal University Gurgaon
252 List C BIT Sindri Dhanbad
253 List C Kalinga Institute of IndustrialTechnology(KIIT) Bhubaneswar
254 List C Balaji Institute of Modern Management Pune
Bharati Vidyapeeth - Institute of Management
255 List C Pune
and Entrepreneurship Development
Bharati Vidyapeeth University College of
256 List C Pune
Engineering
257 List C Department of Management Sciences(PUMBA) Pune
Kirloskar Institute of Advanced Management
258 List C Pune
Studies
Maharashtra Institute of Technology(MIT)
259 List C Pune
College of Engineering
260 List C Symbiosis Institute of Technology Pune
261 List C National Institute of Banking and Management Pune
In cases, where the Institution has more than 1 campus either within the
city or different cities, all centres/campuses to be treated at par with
main campus.
5. Baroda Education Loan for Executive Development Programmes (Part
Time/Weekend/Online Programmes) being offered by Premier
Institutions in India under “Baroda Education Loan to Students of
Premier Institutions”
Courses Executive Development Programmes (Part Time /Weekend /Online/

eligible programmes) being offered by Premier Institutions as listed under List
AA,A,B & C of Premier Institutions in India) (Including the programmes
offered using the technology platform of Hughes Global Education, Times
Pro etc.)
Student  Should be Resident Indian.
eligibility
 Secured admission in professional / technical courses in India
conducted by Premier Institutions as listed in List AA,A,B & C.
 Should be gainfully employed and would continue to be in gainful

employment during study.
Applicant /  Single Applicant. Co-obligation of parents / guardian is not required
co-
applicant  Assignment of existing / future income of the student
Loan Limit Maximum Rs. 20.00 Lakh
Coverage  All Expenses as per existing scheme except the Living Expenses,
of Hostel Charges, Mess Charges, other living expenses and Cost of
expenses external coaching/tution

Security  Collateral Free Loan upto Rs. 15.00 Lakh
 100 % Collateral Security for Loan above rs.15.00 Lakh for full value
of loan
Margin Upto Rs. 4.00 Lakh: NIL
Above Rs. 4.00 Lakh: 5%

Moratorium Course period + 3 months
Period
Servicing Servicing of interest during the moratorium period will be compulsory.
of interest
CIBIL  Loan to be granted to only applicants having CIBIL Score above 725,
Score -1 and 0.
 Loan to Applicants having CIBIL Score below 725 are not be

considered.
Income  For Salaried:
Loan Amount (Rs. In Lakh) Minimum Gross Monthly Income
(Rs.)
>15 upto 20 75000
>10 upto 15 50000
>5 upto 10 40000
Upto 5.00 30000
 Self Employed:
Loan Amount (Rs. In Lakh) Minimum Gross Annual Income
(Rs. In Lakh)
>15 upto 20 9.00
>10 upto 15 6.00
>5 upto 10 4.80
Upto 5.00 3.60
 In case of Salaried Persons, Salary Slip of Last drawn Salary should be

considered
 In case of Self Employed, Latest ITR should be considered

Deviation Deviation in the above mentioned parameters can be granted ONLY by an
Official not below the rank of General Manager /In charge of Retail
Banking at Corporate Office.
Finacle
Code LA 214
Note: All other parameter/guidelines of the Education Loan to Students of Premier
Institution will be applicable.
6. BARODA SCHOLAR
(Education Loan for studies abroad)
Target Group  Students going abroad for Professional / Technical studies

Eligibility of  Graduation: For job oriented professional / technical courses
Courses offered by reputed universities.
 Post Graduation: MCA, MBA, MS. etc.
 Courses conducted by CIMA-London, CPA in USA etc.
 Regular Degree/ Diploma courses like Aeronautical, Pilot training,
Shipping etc, provided these are recognized by local Aviation /
Shipping authority and Director General of Civil Aviation/ shipping in
India or the competent regulatory bodies in India / abroad for the
purpose of employment in India / abroad.
List of Institutions:
 List of Premier Institutes for Management course
 List of Premier Institutes for STEM Courses (Science,

Technology, Engineering and Mathematics) (after 10+2 course
& above)
 List of Premier Institutes for Medical and
 List of Premier Institutes for Other Education (Law,

Economincs, econometrics, Art, performing arts and Design
Courses)
(All the above Institutions to be treated at par)

 Operating units may also consider loans for any other courses,other
than the Management course, STEM Courses,Medical and Other
Education courses offered by Institutes/Universities featured in
above Lists D under our normal education loan scheme for study
abroad without any preferential treatment.
 Education Loans for courses offered by Universities/Institutes for
study abroad other than specified in the above mentioend Lists can
also be considered without any preferential treatment.
Student Eligibility  Should be an Indian National.
 Secured admission to professional / technical courses Abroad
through Entrance Test / Merit Based Selection process.
Coverage of  Fee payable to College / Institution / University / Hostel / Mess
Expenses charges
 Examination / Library / Laboratory fee
 Purchase of books / equipments / instruments / uniforms
 Personal Computers / Laptops wherever required
 Caution deposit, Building fund / Refundable deposit supported by
institution bills / receipts, subject to condition that the amount does
not exceed 10% of the total tuition fees for the entire course.
 Purchase of computers, if essential for completion of the course.
 Insurance premium for student borrower
 Travel expenses / passage money (to and fro)
 Cost of external coaching / tution is NOT to be considered.
Quantum of  Rs. 80.00 lakh for Institutions specified in List of Premier

Finance Institutions
 Rs. 60.00 lakh for Institutions not specified in List of Premier
Institutions
Margin  For Institutions specified in List of Premier Institutions : NIL
(irrespective of loan amount)
 Institutions not specified in List of Premier Institutions:

Up to Rs. 4.00 lakh:NIL
Above Rs. 4.00 lakh:10%
 Scholarship / assistantship if any received to be included in the

margin.
 Margin may be brought in on year to year basis as and when
disbursements are made on a pro rata basis.
Rate of Interest  For Institutions specified in List of Premier Institutions :
1 year MCLR + 1.25% Spread (Including SP)– (Irrespective of loan

amount).
 For Institutions not specified in List of Premier Institutions :
1 year MCLR + 2 % Spread (Including SP – Irrespective of loan

amount).
 0.50 % Concession in rate of interest to loans sanctioned for the

benefit of girl students.
 Servicing of interest during the moratorium period till
commencement of repayment is optional for students. The accrued
interest during the repayment holiday period to be added to the
Principal and repayment in Equated Monthly Instalments ( EMI) to be
fixed.
exceeds Rs. 4/- lacs.
Repayment  Course period + 1 year.
Holiday/
Moratorium Period
Repayment Period  The loan is repayable in maximum 10 to 15 years after completion
of the moratoirium period as mentioned above.
 For loans upto Rs. 7.50 lakhs : Moratorium Period + Maximum -120-
instalments
 For Loans above Rs. 7.50 lakhs : Moratorium Period + Maximum -180-
instalments

permitted for a maximum period of -2- years. If the student is
not able to complete the course for reasons beyond his / her
control, sanctioning authority may at his discretion consider such
extensions as may be deemed necessary to complete the course.
 In case of above extention, moratorium period will stand extended
accordingly.
Unified Processing 1.00% of Loan amount (maximum Rs. 10,000/-) to be recovered
Charges upfront which will be refundable on availment (first disbursement) of
loan. The amount can be refunded to the credit of Saving Bank account
/ Loan account of the student / borrower.
A non refundable Lump sum amount Rs. 7,500/- per property (towards
Advocate and Valuer charges) to be taken upfront in case of all
Education Loan accounts, wherever property is mortgaged.
Mortgage Creation No Mortgage creation charges for all types of Education Loans.
Charges
Security Upto Rs..4.00 Lacs:
Co-obligation of parent. No Security.
Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs :
 Collateral in the form of a suitable third party guarantee along with
assignment of future income.
 The Regional Head may at its discretion, waive third party
guarantee in following cases:
i. if satisfied with the net-worth/means of parent who would be
executing the document as ‘Joint borrower’.
ii. to support highly meritorius / deserving students who have
secured admission in an institution of a high repute, but unable to
offer suitable third party guarantee.
Above Rs.7.50 lacs:

Tangible collateral security equal to 100% of the loan amount along
with assignment of future income of the student for payment of
instalments.
 The Collateral security can be in the form of mortgage of properties

(Land / Building/ house/ flat etc) or Bank Deposit / Govt. securities
/ Public Sector Bonds / Units of UTI / NSC / KVP / LIC policy / Gold
/ Shares / Debentures / Relief Bonds, etc. standing in the name of
student / parent / guardian or guarantor.
property should be got valued by our Bank’s approved valuer as per
extant guidelines at the time of considering the facility and the
Realisable Value of Property is to be considered as the value of the
property.
 In case of properties acquired within last -3- years, amount of
Registered Sale Deed or the Realisable Value whichever is lower
should be taken as value of property.
(Registered within last 3 years) and if it requires to consider present
Realisable value as value of property, for any reason, prior
permission from Regional Authority to be obtained for the same.
demarcation.
 In case of any type of Tenanted properties, adequate measures to
be taken to safeguard Bank’s interest. Guidelines of Circular No.
BCC:BR:106/406 dated 14.10.2014 issued by Legal Department, BCC
regarding precautions to be taken while accepting tenanted property
as security should be followed scrupulously.
Insurance policy / Gold / Shares / Debentures / Relief Bonds, etc.,
the surrender value (in case of Insurance Policy) / Outstanding
amount (in case of Bank Deposit), face value (in case of NSC, KVP,
Govt Securities, Bonds etc) as the case may, to be accepted as the

Educational Loan is availed from other bank / institutions is to be
obtained.
‘Agreement to Undertake Assignment of Future Income’ to be
obtained if the Loan amount is more than rs.4 lacs.

equivalent to 100% of loan amount without keeping any margin in case
of mortgage of property. However in case of securities like Bank
Deposit / Govt. securities / Public Sector Bonds / Units of UTI / NSC
/ KVP / LIC policy / Gold / Shares / Debentures / Relief Bonds etc
suitable margin as per extant guidelines to be maintained.
Wherever the property is already mortgaged to any Retail Loan, the

residual portion can be considered after earmarking 150% of the
outstanding balance (incase of overdraft- sanctioned limit) of the
previous loan/s] provided it covers the required loan amount to the
extent of 100%.
Documentation  D.P. Note
 Letter of Installments with acceleration clause
 Declaration cum Undertaking cum Authority
 General form of Guarantee (if stipulated)
 Documents related to Mortgage of property / other securities (if
stipulated)
 Stamped declaration / an affidavit confirming that no Educational
loan is availed from other bank / institutions
 Agreement to undertake assignment of Future Income (in case of
Education Loan of more than rs.4.00 Lacs )
 Agreement between student/borrower and Bank, if eligible under
Education Loan Interest Subsidy schemes – (Padho Pardesh /
Dr.Ambedkar Interest subsidy scheme for OBCs/OECs)
Other conditions  The documents should be executed by the student and the parent /
guardian as joint borrowers. In case of married student, co-obligator
can be either spouse or the parent(s) / parent(s)-in-law.
 In case of receipt of application for more than one loan for student
borrower from a family, the loan is to be considered individual wise.
That means any number of applicants belonging to the same family
may be sanctioned loans up to rs.4.00 Lacs individually without
insisting for collateral security.
 In the normal course, while appraising the loan the future income
prospects of the student will be looked into. However, where
 No dues certificate need not be insisted upon
Additional Loan /  Loan for higher studies abroad under Baroda Scholar for the same
Enhancement in student can be considered even though loan sanctioned earlier under
Limit Baroda Vidya/ Baroda Gyan is outstanding, provided the loan account
for previous stage/s is/are conducted satisfactorily.
 If the student wants to pursue further education, additional loan /
enhancement in limit may be considered within the overall maximum
limit specified under Baroda Scholar. The additional security, if
required, as per enhancement in limit should invariably be taken. e.g.
Mr. ‘A’ has availed educational loan for his studies in india. After
completion of the course, he seeks admission for overseas studies,
he may be granted loan within overall ceiling limit of amount under
Baroda Scholar.
 In this case, the moratorium period granted initially for the first
loan, will stand extended further as per the duration of the course
of the second loan. Accordingly, the repayment commencement date
of the first loan can be synchronised with that of the second loan.
(ie. 1 year after completion of second course or 6 months after
getting job whichever is earlier)
Rephasement The rephasement of repayment in genuine cases can be considered by
the next higher authority.
Sanction before Form I-20 (an immigration document for the US) or its equivalent in
issuance of Form I other countries is not made a mandatory document to be submitted
- 20 ( US) or its for processing the loan application
equivalent in other
countries In case of a loan application, where Form I-20 / or its equivalent in
other countries is still not issued by the US authorities, operating
units are advised that Form I -20 / or its equivalent in other countries
should not be insisted upon at the time of sanction.
Sanction may be accorded prior to submission of Form I-20/ or its

equivalent in other countries, if demanded by the Foreign Institution/
University/ VISA issuing authorities; if otherwise the proposal
satisfies the extant scheme guidelines.
A letter in the enclosed format be obtained. (Refer Annexure 20)
For arriving at schedule of expenses, the information available in

Offer/Admission Letter, Course / College Prospectus, Website of the
institution, other information available on public domain or undertaking
by the applicants etc. may be taken into consideration.
However, the disbursement to be done only after the submission on

Form I – 20/ or its equivalent in other countries
Further on receipt of Form I-20/ or its equivalent in other countries,

if changes are found in parameter like, college/institution/university,
course, course duration, cost etc. the modification in the sanction
terms may be obtained from the sanctioning authority. The charges
for such modification may be recovered from the applicants on lines
of Deviation Charges. The same should be incorporated in the sanction
letter.
“Living Expenses” Sacntion:
A. The students provided with Hostel facility by the

educational institution:
Boarding &loading expenses as per details mentioned in

following may be considered as a part of schedule of expenses;
1. Offer / admission letter issued by the concerned

university/institute or
2. I - 20 or
3. Website of the university or
4. Course / College Prospectus or
5. Specific request of the applicant support by justifiable
reasons
However, in case the information is available from several
sources, the lowest of the amount should be considered for
loan eligibility
B. The students not provided with Hostel facility by the

educational Institution or where the student opts to have
outside living arrangements
Boarding & loading expenses as per details mentioned in the

following may be considered as a part of schedule of expenses.
1) Offer / admission letter issued by the concerned

university/institute or
2) I - 20 or
3) Website of the university or
4) Course / College Prospectus or
5) Other information available in public domain or
6) Specific request of the applicant support by justifiable
reasons
However, in case the information is available from several

sources, the lowest of the amount should be considered for loan
eligibility
Disbursment:
 In the normal course, the disbursement of loan towards living

expenses be made directly to the credit of concerned
university/institution etc.
 In case such direct disbursement is not possible as above, the

same may be allowed to be paid to the student as per the
specific request made by him/her or the possibility of making
such disbursement through Baroda Travel Easy Card Travel
may also be explored.
 Advance payment may also be allowed on quarterly

/term/semester/yearly /half yearly basis, after taking
relevant declaration from the student. In such cases, student
has to submit details of expenditure (supported by bills, as far
as possible, however, the same may not be insisted upon) made
out of such advance payment at the end of each quarter/term
/semester /year /half year or at the time requesting for next
payment.
Disbursement  The loan to be disbursed in stages as per the requirement/ demand
directly to the institutions / Vendors of Books / Equipments /
Instruments to the extent possible.
Disbursement  RMCC – Full Power. (subject to the conditions that the Loan is fully
before grant of secured by tangible security / equitable mortgage and the fee is
VISA refundable by the institute, in case VISA is not granted to the
applicant / student for any reason whatsoever it may be.)
These powers have been entrusted with the sole objective of ensuring
that Bank does not lose out on such deserving cases. However it has
been observed that in many cases such deviation are not being taken
at the time of sanction and is being left for the Branches to take at
the time of Disbursement, which ultimately results in higher TAT and
customer inconvenience.
Hence it is advised that in cases where it is known upfront that

the concerned Institute / College / University or the Embassy /
Consulate requires the money to be deposited before the student
applies for VISA, in such cases the Sanctioning Authority has to
obtain the required Deviation at the time of Sanction ONLY and
desist from putting a condition in the sanction to obtain the same
at Branch level.
Deviation Financial / non-Financial Deviations / Concessions in respect of scheme
parameters / guidelines may be considered as per existing guidelines
on Deviation Powers for Retail Loans.
Financing Branch  Branch in the vicinity of the Institute #
Or
 Branch which is in close proximity to the permanent residence
of parent/at the place of posting/service of the parent Branch

reason that the particular area is allocated to another Bank by SLBC
/ DLCCs.
Credit Ratiing  Refer Annexure 6
Model
Finacle Code  LA134, LA135
List of Premier Institutions in Abroad for Management Courses
Sr.No University Name Country

1 Harvard University United States of America
2 Massachusetts Institute of Technology: Sloan United States of America
3 Stanford University United States of America
4 University of Pennsylvania: Wharton United States of America
5 University of Chicago: Booth United States of America
6 University of California at Berkeley: Haas United States of America
7 New York University: Stern United States of America
8 Columbia University United States of America
9 Yale University United States of America
10 University of Michigan: Ross United States of America
11 Northwestern University: Kellogg United States of America
12 Princeton University United States of America
13 Duke University: Fuqua United States of America
14 Cornell University: Johnson United States of America
UCLA ( University of California Los Angeles ):
15 Anderson United States of America
16 University of Minnesota: Carlson United States of America
17 Arizona State University: Carey United States of America
18 Michigan State University: Broad United States of America
19 Pennsylvania State University: Smeal United States of America
20 University of Maryland: Smith United States of America
21 Indiana University: Kelley United States of America
22 University of California, San Diego United States of America
23 Ohio State University: Fisher United States of America
24 University of Southern California: Marshall United States of America
25 University of Texas at Austin: McCombs United States of America
26 Texas A&M University--College Station United States of America
27 University of Washington: Foster United States of America
28 Washington University in St. Louis United States of America
29 Dartmouth College: Tuck United States of America
30 Boston University: Questrom United States of America
31 University of Wisconsin United States of America
32 University of Illinois at Urbana-Champaign United States of America
33 University of North Carolina: Kenan-Flagler United States of America
34 Boston College: Carroll United States of America
35 Georgia Institute of Technology: Scheller United States of America
Rutgers - The State University of New Jersey,
36 Newark--New Brunswick United States of America
37 Georgia State University United States of America
38 University of Virginia: Darden United States of America
39 Purdue University: Krannert United States of America
40 Carnegie Mellon University United States of America
41 University of Texas at Dallas: Jindal United States of America
42 University of Arizona United States of America
43 University of California--Davis United States of America
44 University of Notre Dame: Mendoza United States of America
45 University of South Carolina: Moore United States of America
46 Babson College: Olin United States of America
47 Temple University: Fox United States of America
48 University of Florida United States of America
49 University of Georgia United States of America
50 Northeastern University United States of America
51 Georgetown University: McDonough United States of America
52 George Washington University United States of America
53 Florida State University United States of America
54 University of Colorado--Boulder United States of America
55 IU Kelley School of Business United States of America
56 University of California at Irvine: Merage United States of America
57 University of Houston United States of America
58 Syracuse University United States of America
59 George Mason University United States of America
60 Vanderbilt University: Owen United States of America
61 University of Illinois--Chicago United States of America
62 University of Pittsburgh: Katz United States of America
63 University of Pittsburgh United States of America
64 Johns Hopkins University United States of America
65 Iowa State University United States of America
66 University of Massachusetts--Amherst United States of America
67 Virginia Tech United States of America
68 North Carolina State University--Raleigh United States of America
69 Drexel University United States of America
70 University of Alabama United States of America
71 Emory University: Goizueta United States of America
72 Rice University: Jones United States of America
73 Brigham Young University: Marriott United States of America
74 Washington University: Olin United States of America
75 University of Rochester: Simon United States of America
76 University of Iowa: Tippie United States of America
77 Southern Methodist University (SMU): Cox United States of America
78 California Institute of Technology (Caltech) United States of America
79 Brown University United States of America
80 University of California, Santa Barbara (UCSB) United States of America
81 Case Western Reserve University United States of America
82 Tufts University United States of America
83 University of Miami United States of America
84 University at Buffalo SUNY United States of America
85 University of California, Riverside United States of America
86 The Katz School at Yeshiva University United States of America
87 Rensselaer Polytechnic Institute United States of America
London School of Economics and Political United Kingdom
88 Science (LSE)
89 University of Oxford: Saïd United Kingdom
90 University of Cambridge: Judge United Kingdom
91 University of Warwick United Kingdom
92 Imperial College Business School United Kingdom
93 University College of London ( UCL ) United Kingdom
94 University of Manchester United Kingdom
95 City University: Cass United Kingdom
96 The University of Nottingham United Kingdom
97 Lancaster University Management School United Kingdom
98 University of Leeds United Kingdom
99 Cardiff University United Kingdom
100 University of Bath United Kingdom
101 University of Edinburgh Business School United Kingdom
102 The University of Sheffield United Kingdom
103 University of Sheffield United Kingdom
104 University of York United Kingdom
105 University of Southampton United Kingdom
106 University of Strathclyde Business School United Kingdom
107 University of Birmingham United Kingdom
108 University of Glasgow United Kingdom
109 Durham University Business School United Kingdom
110 University of Exeter United Kingdom
111 Newcastle University United Kingdom
112 London Business School United Kingdom
113 Cranfield University United Kingdom
114 King's College London United Kingdom
115 University of Bristol United Kingdom
116 University of St Andrews United Kingdom
117 University of Zurich Switzerland
ETH Zurich – Swiss Federal Institute of
118 Technology Zurich Switzerland
119 University of St Gallen Switzerland
IMD (International Institute of Mgmt. Switzerland
120 Development)
121 University of Navarra Spain
122 IE University Spain
123 Ramon Lull University Spain
124 Sungkyunkwan University GSB South Korea
National University of Singapore Business Singapore
125 School
126 Nanyang Technological University Singapore
127 The Lisbon MBA Portugal
Rotterdam School of Management, Erasmus Netherlands
128 University
129 Bocconi University Italy
130 University College Dublin: Smurfit Ireland
Hong Kong University of Science and Technology Hong Kong
131 (HKUST) Business School
Chinese University of Hong Kong (CUHK) Hong Kong
132 Business School
133 University of Hong Kong Hong Kong
134 Technical University of Munich Germany
135 Mannheim Business School Germany
136 Free University of Berlin Germany
137 University of Freiburg Germany
138 Goethe University Frankfurt Germany
139 ESMT Berlin Germany
140 Humboldt University of Berlin Germany
141 RWTH Aachen University Germany
142 INSEAD Business School France / Singapore
HEC Paris (Ecole des Hautes Etudes France
143 Commerciales de Paris)
144 Edhec Business School France
145 Grenoble Ecole de Management France
146 Peking University China
147 Shanghai Jiao Tong University: Antai China
China Europe International Business School China
148 (CEIBS)
149 University of Toronto: Rotman Canada
150 University of British Columbia Canada
151 University of Alberta Canada
152 York University Canada
153 Western University: Ivey Canada
154 McGill University Canada
155 McMaster University Canada
156 University of Montreal Canada
157 University of Calgary Canada
158 Queen's University: Smith Canada
159 KU Leuven Belgium
160 Ghent University Belgium
161 University of Melbourne Australia
162 Monash University Australia
163 University of New South Wales Australia
164 University of Sydney Australia
165 University of Queensland Australia Australia
166 Australian National University Australia
167 University of Western Australia Australia
168 University of Adelaide Australia
169 James Cook University Australia
170 Macquarie Graduate School of Management Australia
AGSM ( Australian Graduate School of Australia
171 Management ) at UNSW Business School
In cases, where the Institution/University has more than 1 campus either within
the Country or different Countries, all centres/campuses to be treated at par
with main campus.
List of Premier Institutions in Abroad for STEM Courses
Sr. University Name Country

California Institute of
2 United States of America
Technology (Caltech)
Massachusetts Institute of
Technology (MIT)
5 Georgia Institute of Technology United States of America
7 University of California, Berkeley (UCB) United States of America
8 University of Illinois at Urbana- Champaign United States of America
9 University of Michigan United States of America
10 Cornell University United States of America
11 Northwestern University United States of America
Purdue University West
Lafayette
13 Columbia University (Fu Foundation) United States of America
14 University of Texas at Austin United States of America
15 University of Texas Austin United States of America
17 University of California Santa Barbara United States of America
18 University of California San Diego United States of America
20 University of Wisconsin Madison United States of America
21 University of Washington United States of America
22 Rice University United States of America
23 Ohio State University United States of America
24 Pennsylvania State University University Park United States of America
25 Texas A&M University College Station United States of America
26 University of Southern California (Viterbi) United States of America
27 University of California Davis United States of America
28 University of Maryland College Park United States of America
29 University of Minnesota Twin Cities United States of America
Virginia Polytechnic Institute and State
University
31 University of Colorado Boulder United States of America
32 North Carolina State University United States of America
33 University of California Irvine United States of America
35 Arizona State University United States of America
36 Michigan State University United States of America
37 University of California, Riverside United States of America
38 University of Notre Dame United States of America
39 University of Massachusetts United States of America
41 University of Virginia United States of America
42 University of California, Santa Cruz United States of America
43 Boston University United States of America
44 Colorado School of Mines United States of America
45 Rutgers, the State University of New Jersey United States of America
46 Florida State University United States of America
47 The University of Tennessee, Knoxville United States of America
48 University of Texas Dallas United States of America
Binghamton University, State University of New
York
50 Rensselaer Polytechnic Institute United States of America
51 University at Buffalo SUNY United States of America
52 Northeastern University United States of America
53 University of Connecticut United States of America
54 Drexel University United States of America
55 The University of Arizona United States of America
56 Florida International University United States of America
57 George Washington University United States of America
58 University of Hawai’i at Mānoa United States of America
59 University of Houston United States of America
60 University of Nebraska-Lincoln United States of America
61 University of Illinois, Chicago (UIC) United States of America
62 University of South Carolina United States of America
63 University of South Florida United States of America
64 Stony Brook University United States of America
65 University of Tulsa United States of America
66 University of Utah United States of America
67 Washington University in St. Louis United States of America
68 University of Iowa United States of America
69 Syracuse University United States of America
71 Iowa State University United States of America
72 Wake Forest University United States of America
73 University of Wisconsin-Milwaukee United States of America
74 Washington State University United States of America
75 Colorado State University United States of America
76 University of Arkansas United States of America
77 University of Cincinnati United States of America
78 Lehigh University United States of America
79 George Mason University United States of America
80 Louisiana State University United States of America
81 University of Oklahoma United States of America
82 University of Maryland, Baltimore County United States of America
83 Missouri University of Science and Technology United States of America
84 New Jersey Institute of Technology United States of America
85 New Mexico State University United States of America
86 Old Dominion University United States of America
87 Oregon State University United States of America
88 Stevens Institute of Technology United States of America
89 University of Texas at Arlington United States of America
90 University of Texas at San Antonio United States of America
91 Texas Tech University United States of America
92 University of Toledo United States of America
93 University of Alabama United States of America
94 University of Alabama at Birmingham United States of America
95 Auburn University United States of America
96 Marquette University United States of America
97 Mississippi State University United States of America
98 University of Missouri United States of America
99 San Diego State University United States of America
100 University of Texas at El Paso United States of America
101 Villanova University United States of America
102 Wayne State University United States of America
103 Baylor University United States of America
104 Brandeis University United States of America
California Institute of
Technology
107 City University of New York United States of America
108 Dartmouth College United States of America
109 Duke University United States of America
110 Georgetown University United States of America
111 Illinois Institute of Technology United States of America
112 Indiana University Bloomington United States of America
Indiana University-Purdue University--
Indianapolis
114 Kansas State University United States of America
115 Medical University of South Carolina United States of America
116 Michigan Technological University United States of America
117 New York University United States of America
118 Rutgers University - New Brunswick United States of America
119 Temple University United States of America
120 Thomas Jefferson University United States of America
121 Tie Syracuse University United States of America
122 University at Albany--SUNY United States of America
123 University of California, Irvine United States of America
124 University of California, Los Angeles (UCLA) United States of America
125 University of Central Florida United States of America
126 University of Chicago United States of America
127 University of Colorado Denver United States of America
128 University of Delaware United States of America
129 University of Georgia United States of America
130 University of Kansas United States of America
131 University of Kentucky United States of America
132 University of Massachusetts Amherst United States of America
133 University of New Mexico United States of America
134 University of Pennsylvania United States of America
136 University of Rochester United States of America
137 Vanderbilt University United States of America
138 Virginia Commonwealth University United States of America
139 Virginia Tech United States of America
141 Yeshiva University United States of America
143 University of Bath United Kingdom
145 Cranfield University United Kingdom
146 Imperial College London United Kingdom
147 King's College London United Kingdom
148 The University of Edinburgh United Kingdom
149 The University of Manchester United Kingdom
150 The University of Nottingham United Kingdom
151 The University of Sheffield United Kingdom
152 The University of Warwick United Kingdom
153 UCL (University College London) United Kingdom
154 University of Birmingham United Kingdom
156 University of Cambridge United Kingdom
157 University of Leeds United Kingdom
158 University of Oxford United Kingdom
160 Durham University United Kingdom
161 Queen Mary University of London United Kingdom
162 University of Exeter United Kingdom
163 Lancaster University United Kingdom
164 University of Leicester United Kingdom
165 National Cheng Kung University (NCKU) Taiwan
National Taiwan University of Science and
166 Taiwan
Technology (Taiwan Tech)
167 National Taiwan University (NTU) Taiwan
168 National Tsing Hua University Taiwan
169 EPFL (EcolePolytechniqueFédérale de Lausanne) Switzerland
ETH Zurich - Swiss Federal
170 Switzerland
Institute of Technology ETH Zurich
172 Chalmers University of Technology Sweden
KTH Royal Institute of
173 Sweden
Technology
174 Lund University Sweden
175 Politecnica de Madrid Spain
176 Universitat de Barcelona Spain
177 Universitat Politecnica de Catalunya Spain
178 Universitat Politecnica de Valencia Spain
KAIST - Korea Advanced Institute
179 South Korea
of Science & Technology
180 Korea University South Korea
Pohang University of Science
181 South Korea
And Technology (POSTECH)
182 Seoul National University South Korea
183 Sungkyunkwan University (SKKU) South Korea
Nanyang Technological University, Singapore
184 Singapore
(NTU)
185 National University of Singapore (NUS) Singapore
186 Lomonosov Moscow State University Russia
187 University of Lisbon Portugal
188 Norwegian University of Science And Technology Norway
189 The University of Auckland New Zealand
190 Delft University of Technology Netherlands
191 Eindhoven University of Technology Netherlands
192 University of Amsterdam Netherlands
193 Universiti Sains Malaysia (USM) Malaysia
194 Universiti Teknologi Malaysia Malaysia
195 University of Malaya Malaysia
196 Kyoto University Japan
197 Osaka University Japan
198 The University of Tokyo Japan
199 Tohoku University Japan
200 Tokyo Institute of Technology Japan
201 Alma Mater Studiorum - University of Bologna Italy
202 Politecnico di Milano Italy
203 Politecnico di Torino Italy
204 Sapienza University of Rome Italy
205 Technion - Israel Institute of Technology Israel
206 Trinity College Dublin, The University of Dublin Ireland
207 City University of Hong Kong Hong Kong
208 The Chinese University of Hong Kong (CUHK) Hong Kong
The Hong Kong Polytechnic
209 Hong Kong
University
The Hong Kong University of
210 Hong Kong
Science and Technology (HKUST)
211 The University of Hong Kong Hong Kong
212 National Technical University of Athens Greece
Friedrich-Alexander-Universitat Erlangen-
213 Germany
Nürnberg
214 Humboldt-Universitat zu Berlin Germany
215 KIT, Karlsruhe Institute of Technology Germany
216 Ludwig-Maximilians-Universität München Germany
217 RWTH Aachen University Germany
218 Technische Universitat Berlin Germany
219 Technische Universitat Darmstadt Germany
220 Technische Universitat Dresden Germany
221 TechnischeUniversitatMünchen Germany
222 Universität Stuttgart Germany
223 CentraleSupelec France
Institut polytechnique de Grenoble - Grenoble
224 France
Institute of Technology
225 Université Pierre et Marie Curie (UPMC) France
226 Aalto University Finland
227 Aalborg University Denmark
228 Technical University of Denmark Denmark
229 Beijing Institute of Technology China
230 Fudan University China
231 Harbin Institute of Technology China
233 Shanghai Jiao Tong University China
234 Tsinghua University China
235 University of Science and Technology of China China
236 Xian Jiaotong University China
237 Zhejiang University China
240 Queen's University at Kingston Canada
241 Universite de Montreal Canada
244 University of Toronto Canada
245 University of Waterloo Canada
248 Vienna University of Technology Austria
249 Curtin University Australia
251 Queensland University of Technology (QUT) Australia
252 RMIT University Australia
The Australian National
253 Australia
University (ANU)
254 The University of Adelaide Australia
255 The University of Melbourne Australia
The University of New South
256 Australia
Wales (UNSW Australia)
257 The University of Newcastle, Australia (UON) Australia
258 The University of Queensland Australia
259 The University of Sydney Australia
260 The University of Western Australia Australia
261 University of Technology Sydney Australia
262 University of Wollongong Australia
with main campus.
List of Premier Institutions in Abroad for Medical Courses

1 Boston University United States of America
5 Dartmouth College United States of America
7 Emory University United States of America
12 Ohio State University United States of America
15 University of California, Berkeley United States of America
16 University of California, Davis United States of America
17 University of California, Los Angeles United States of America
22 University of Minnesota United States of America
23 University of North Carolina at Chapel Hill United States of America
26 University of Southern California United States of America
29 University of Wisconsin-Madison United States of America
30 Vanderbilt University United States of America
31 Washington University in St Louis United States of America
34 Imperial College London United Kingdom
35 King’s College London United Kingdom
36 London School of Hygiene & Tropical Medicine United Kingdom
37 Queen Mary University of London United Kingdom
38 UCL United Kingdom
41 University of Dundee United Kingdom
42 University of Edinburgh United Kingdom
44 University of Leicester United Kingdom
45 University of Liverpool United Kingdom
46 University of Manchester United Kingdom
47 University of Nottingham United Kingdom
50 National Taiwan University Taiwan
51 University of Basel Switzerland
52 University of Bern Switzerland
54 Karolinska Institute Sweden
55 Lund University Sweden
56 Uppsala University Sweden
57 Autonomous University of Barcelona Spain
58 Seoul National University South Korea
59 Sungkyunkwan University (SKKU) South Korea
60 University of Cape Town South Africa
61 National University of Singapore Singapore
62 University of Auckland New Zealand
63 Erasmus University Rotterdam Netherlands
64 Leiden University Netherlands
65 Maastricht University Netherlands
66 University of Amsterdam Netherlands
67 University of Groningen Netherlands
68 Utrecht University Netherlands
69 Wageningen University & Research Netherlands
70 Kyoto University Japan
71 Osaka University Japan
72 University of Tokyo Japan
73 Chinese University of Hong Kong Hong Kong
75 Charité - Universitätsmedizin Berlin Germany
76 Heidelberg University Germany
77 LMU Munich Germany
78 Technical University of Munich Germany
79 University of Freiburg Germany
80 University of Tübingen Germany
81 Paris-Sud University France
82 University of Copenhagen Denmark
83 Fudan University China
85 Tsinghua University China
90 University of Calgary Canada
91 University of Montreal Canada
95 Australian National University Australia
98 University of New South Wales Australia
99 University of Queensland Australia
100 University of Sydney Australia
with main campus.
List of Premier Institutions in Abroad for Law, Economics & Econometrics, Art,
Performing Arts and Design Courses

1 California Institute of Technology United States of America
6 Georgia Institute of Technology United States of America
9 Massachusetts Institute of Technology United States of America
14 University of California, Berkeley United States of America
15 University of California, Los Angeles United States of America
22 University of Illinois at Urbana-Champaign United States of America
23 University of Wisconsin-Madison United States of America
26 Washington University in St Louis United States of America
27 University of California, Santa Barbara United States of America
28 King’s College London United Kingdom
29 London School of Economics and Political Science United Kingdom
30 University College London United Kingdom
32 University of Edinburgh United Kingdom
ETH Zurich – Swiss Federal Institute of
34 Technology Switzerland
35 National University of Singapore Singapore
with main campus.
7. Baroda Education Loans for Executive Development Programmes (Part Time
/Online programmes / Distance Learning) being offered by Premier
Institutions abroad as listed under “Baroda Scholar”.
Courses eligible Executive Development Programmes(Part Time /Online

programmes/Distance Learning) being offered by Premier
Institutions abroad, as listed under List of Premier Institutions.
(Including the programmes offered using the technology platform
of Times Pro/Hughes Global Education or any other partners)
Student eligibility  Should be Resident Indian.
 Secured admission in The Executive Development Programmes

(Part Time /Online programmes/ Distant Learning programmes)
being offered by Premier Institutions abroad.
 Should be gainfully employed and would continue to be in gainful

employment during study.
Applicant / co-  Single Applicant. Co-obligation of parents / guardian is not
applicant required.
 Assignment of existing / future income of the applicant.

Loan Limit Maximum Rs. 80.00 Lakh
Coverage of  All Expenses as per existing scheme.
expenses
 As part of the Program candidates may be required to travel to
the college/Institution once or twice during the course period. In
such cases, travel expenses (to and fro) and living expenses for
attending classes in various centers (India and abroad) would also
be considered a part of the total expenses.
Security  Tangible collateral security equal to 100% of the loan amount

along with assignment of future /existing income of the applicant.
Margin  Upto Rs.. 4.00 Lakh: NIL
 Above Rs. 4.00 Lakh: 5%

Moratorium Period  Course period + 3 months
Rate of Interest  1 Year MCLR + SP +1.50 %

Servicing of  Servicing of interest during the moratorium period will be
interest compulsory.
CIBIL Score  Loan to be granted to only applicants having CIBIL Score above
725, -1 and 0.
 Loan to Applicants having CIBIL Score below 725 are not be

considered.
Income  For Salaried:
Loan Amount (Rs..In Lakh) Minimum Gross

Monthly Income (Rs. )
Above 55 2,50,000
>50 upto 55 2,20,000
>45 upto 50 1,90,000
>40 upto 45 1,70,000
>35 upto 40 1,45,000
>30 upto 35 1,25,000
>25 upto 30 1,05,000
>20 upto 25 90,000
>15 upto 20 75,000
>10 upto 15 50,000
>5 upto 10 40,000
Upto 5.00 30,000
 Self Employed:
Loan Amount (Rs. In Minimum Gross Annual

Lakh) Income (Rs. In Lakh)
Above 55 30.00
>50 upto 55 26.40
>45 upto 50 22.80
>40 upto 45 20.40
>35 upto 40 17.40
>30 upto 35 15.00
>25 upto 30 12.60
>20 upto 25 10.80
>15 upto 20 9.00
>10 upto 15 6.00
>5 upto 10 4.80
Upto 5.00 3.60
 In case of Salaried Persons, Salary Slip of Last drawn Salary
should be considered
In case of Self Employed, Latest ITR should be considered.
Deviation Deviation in the above mentioned parameters can be granted ONLY

by an Official not below the rank of General Manager /In charge of
Retail Banking at Corporate Office.
Deviation in parameters not mentioned above continue to be with

various authorities as authorised by CPC and circulated vide circular
no. BCC:BR:108:587dated 05.12.2016
Model
Finacle Code LA224
Note: All other parameter/guidelines of the Baroda Scholar Loan will be applicable.
8. BARODA SKILL LOAN SCHEME
PARAMETER PARTICULARS
Target group Individuals who intend to take up skill development courses as per
the Skilling Loan Eligibility Criteria.
Eligibility  Training Institutes/ Courses: Courses run by Industrial
Training Institutes (ITIs), Polytechnics, 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 Organisation as per National Skill
Qualification Framework (NSQF) are eligible for a Skilling
Loan.
 Schools recognised by Central or State Education Boards or
Colleges affiliated to recognised university leading to a
certificate / diploma / degree issued by such Organisation as
per National Skill Qualification Framework (NSQF) is eligible
for a Skilling Loan.
 There is no minimum course duration.
Nationality The applicant should be an Indian National
Minimum Age There are no specific restrictions with regard to the Age of the
student to be eligible for Skill loan. However, if the student is a
minor while the parent executes documents for the loan the bank
will obtain a letter of acceptance/ ratification from him/her upon
attaining majority as in the case of Education loan.
Minimum As required by the enrolling institution/ Organisation as per
Qualification National Skill Qualification Framework (NSQF).
Know Your Customer Aadhar number will also be considered as a valid proof for KYC
(KYC) Norms norms in addition to other identity and address proof as determined
by respective banks/ lending institutes.
Quantum of Finance  Minimum Loan Amount: Rs. 5000
 Maximum Loan Amount: Rs. 1,50,000
Need based finance subject to repayment capacity of Student.
Covergae of  Tuition / course fee. Banks shall pay such tuition / course fee
expenses directly to the Training Institute.
 Any other reasonable expenditure found necessary for
completion of the course including but not limited to assessment
fee, Examination fee, Library charges, Laboratory fee, Caution
deposit, Purchase of books, equipment’s and instruments. (As such
courses are localized boarding, lodging may not be necessary
based on the cost of living in the particular area. However,
wherever it has been found necessary, the same could be
considered on merit).
Margin NIL
Rate of Interest 1 Year MCLR + 1.50%.p.a.Spread ( Including SP)
 Servicing of interest during Study Period and Moratorium

Period shall be at the option of the borrower.
 For girl students, an incentive in the form of 0.50% Interest
Concession shall be provided as being provided under our
Education Loan Product.
 The effective rate of interest should not go below the MCLR
at any instance (with or with out concessions if any).
 For family members of our Bank’s Employees : 1 year
MCLR+ Strategic Premium ( Refer Annexure 10 for
detailed guidelines)
Repayment  Courses of duration upto 1 year: upto 6 months from the
Holiday/Moratorium completion of the course
Period  Courses of duration above 1 year: 12 months from the
completion of the course
Repayment Period  Loans upto Rs. 50,000: Upto 3 years
 Loans between Rs. 50,000 to Rs. 1 lakh: Upto 5 years
 Loans above Rs. 1 lakh: Upto 7 years
Unified Processing NIL
Charges
Security No collateral or third party guarantee will be taken.
 However, the Parent/ Guardian will execute loan documents
along with the student, as joint borrower (co-borrower).
Spouse may be included as co-applicant wherever applicable,
in addition to Parent/ Natural Guardian
Disbursement  Directly to / Institution.
Financing Branch  Branch in the vicinity of the Institute Or
 Branch which is in close proximity to the permanent
residence of parent/at the place of posting/service of the
parent Branch
Credit Rating Model Refer Annexure 6
Finacle Code: LA190
9. Other Area Specific Schemes - Higher Education and Skill Development
Guarantee Scheme’ for pursuing Higher Education in Delhi.
Government of NCT of Delhi, as a part of its 70 Action Points, has envisaged the ‘Higher
Education and Skill Development Guarantee Scheme’ for students who wish to pursue
diploma or degree level courses or specified skill development courses in Delhi and have
done their class X and class XII from Delhi. Under the scheme Bank loans upto rs.10
Lacs taken by the students, will be provided a guarantee through a Higher Education and
Skill Development Credit Guarantee Fund to be created by the Government for providing
guarantee to the banks in case of default.
Salient features of the scheme are as follows:
 Students who wish to pursue diploma or degree or specified skill development

course in development courses in Delhi and have done their class X and class XII
from Delhi are eligible under this scheme.
 Courses Eligibility: Approved coursed leading to graduate/post graduate degree
and PG diploma courses conducted by recognized colleges/universities, courses
like ICWA,CA, CFA etc, Courses conducted by IIT,NIFT etc, Regular
degree/diploma courses like aeronautical, pilot training, nursing etc and Skill
development courses as may be specified by Govt. of NCT of Delhi.
- The above list is indicative in nature. Banks may approve other job oriented
courses leading to technical/ professional vocational/ other degrees, post
graduate degrees/diplomas offered by recognized institutions under this
scheme.
- Branches can consider other courses also, if any, which is covered under
‘Baroda Gyan’ scheme of Education Loan for studies in India.
- Details of courses eligible is mentioned in the scheme guidelines as per
Annexure-25.
 Quantum of Finance: Maximum Upto Rs. 10 Lacs
 Margin: Nil
 Security: No security (Parents/legal guardians to be joint borrower(s).
 Rate of Interest:
Up to Rs. 7.50 Lacs : 1 Year MCLR+ Strategic Premium + 2.00 % p.a.
Above Rs. 7.50 lacs: 1 Year MCLR+ Strategic Premium + 1.75 % p.a.
- 1% interest concession to be provided (for the entire tenure of the loan), if
interest is serviced during the study period and subsequent moratorium period
prior to the commencement of repayment.
- No special concession in ROI to girl students.
- Simple interest to be charged during the study period and up to
commencement of repayment.
 Repayment :
- Repayment Holiday/Moratorium: Course Period + 1 year

- Repayment of the loan will be in equated monthly installments for a period of
15 years for all categories
 Insurance:
- Under the existing Group Credit Life Insurance scheme for Education Loans
entered into by BOB up with M/s. India First Insurance and M/s. Kotak Life
Insurance, the facility of providing insurance cover for Education Loan
borrower is already available which can be extended by the branches to the
consenting borrowers of the scheme.
 Processing Charges:
No processing charges may be levied on the loans sanctioned under the scheme.
Detailed Guidelines of the scheme on the basis of guidelines formulated by

Directorate of Higher Education, Govt. of NCT of Delhi is attached as Annexure-
25
Deviations in any parameters under the scheme, on case to case basis to be considered
by Committee of General Managers on Retail Banking & MSME Banking at BCC.
10. Other Area Specific Schemes - Bihar Student Credit Card Scheme
Government of Bihar has formulated “Bihar Student Credit Card Scheme (BSCCS) for
granting Education Loans to students of Bihar. The Salient features are as under;
 Eligibility: Students who are resident of Bihar domicile & passed out 12th std. from
Bihar & willing to avail education loan for Higher Education, will be provided
education loan from scheduled Banks. Such Educational Institution must be located
in Bihar.
 Courses Eligibility: For any General Education or Professional Education i.e. BA/
BSC/Engineering/MBBS etc.
 Age: An applicant should not have completed 25 years of Age on the date of
Application
 Quantum of Finance: (Maximum Upto Rs. 4.00 Lac.)
 Margin: Nil
 Processing Charges: NIL.
 Rate of Interest: MCLR + Strategic Premium + 2 %
 Security: No security (Parents/legal guardians to be joint borrower(s).
 Procedure: Students will have to apply either through, online portal or through
Mobile App, which will be received by District Registrar and Counseling Centre.
Applicants will have to visit the District Registrar and Counseling Centre. Scrutiny
of Application form and verification of copies of the documents with the original
testimonials will be done at the District Registrar and Counseling Centre.
Applications found eligible after scrutiny at District Registrar and Counseling
Centre, will be forwarded online to respective Banks.
 Financial Assistance by Government of Bihar to financing Banks: In case of

default in the loan by the Borrower, Banks are expected to do the following two
procedures before lodging the claim with Government of Bihar, under the scheme;
 To declare the Loan Account as NPA and
 To certify that Bank has completed all recovery procedures to recover the dues.
State Government would repay to Banks, 100 % Principal amount of Loan plus
Interest charged during Study Period plus Moratorium Period, in case of default
to financing Bank.
 Eligibility for Reimbursement of Interest charged in case of default by
borrower
 For Education Loans, which are not covered under Interest Subvention Scheme
of Central Government, reimbursement will be to the extent of Interest charged
during Study Period plus Moratorium Period plus Principal amount up to Rs. 4.00
Lac; and
 For Education Loans upto Rs. 4.00 which are covered under Interest Subvention
Scheme of Central Government, only outstanding Principal will be reimbursed
without interest.
 CIBIL Score:
CIBIL Score of CIBIL Score of Student

Authority
Parents (Co-Applicant) (Applicant)
-1 or 0 -1 or 0 Sanctioning Authority
-1 or 0 700 or more Sanctioning Authority
-1 or 0 650 -699 Regional Authority
-1 or 0 Less than 650 Not eligible
700 or more -1 or 0 Sanctioning Authority
700 or more 650 -699 Regional Authority
700 or more Less than 650 Not eligible
650 -699 -1 or 0 Regional Authority
650 -699 700 or more Regional Authority
650 -699 650 -699 Regional Authority
650 -699 Less than 650 Not eligible
Less than 650 -1 or 0 Not eligible
Less than 650 700 or more Not eligible
Less than 650 650 -699 Not eligible
 Time Line for Financial Assistance: Government of Bihar will make payment of
assistance amount to Banks within 30 days of the receipt of the claim, complete in
all respects.
 Submission of Claims: Claims submitted through designated offices of the Bank

(i.e. -3- Regional offices at Patna, Purnea and Muzzaffarpur to cover all the
branches of -3- Regions of Bihar.) will only be entertained. Claims submitted,
directly by Branches will not be entertained.
 Detailed Guidelines of the scheme is enclosed as Annexure- 26.
11. Financing Branch
To withstand the competition in market and with a view to have a focused approach for
canvassing quality business under the scheme, it has now been decided that the Branch
in the vicinity of the Institute are also allowed as under to sanction Education Loans.
Accordingly the “Financing Branch” Parameter stands revised as under;
Loan Scheme Financing Branch

 Baroda Vidya  Branch in the vicinity of the Institute
 Baroda Gyan #
 Baroda Education Loan to Or
Students of Premier  Branch which is in close proximity to
Institution(under Baroda the permanent residence of parent/at
Gyan) the place of posting/service of the
 Skill Loan Scheme parent
 Baroda Education Loans for  Branch in the vicinity of the Institute
Executive Development #
Programme (under Baroda Or
Education Loan to Students of  Branch which is in close proximity to
Premier Institution in India) the permanent residence of applicant
/at the place of posting/service of the
applicant
 Baroda Scholar (regular  Branch which is in close proximity to
Programme) the permanent residence of parent/at
the place of posting/service of the
parent
 Baroda Education Loans for  Branch in the vicinity of the Institute
Executive Development #
Programme offered by Or
Premier Institution Abroad  Branch which is in close proximity to
under “Baroda Scholar” the permanent residence of applicant
/at the place of posting/service of the
applicant
# in cases where the Programmes are being offered by these Premier Institutions in
collaboration with Technology Partners like, Hughes or Times Pro etc., the centers of
such Technology Partners may be treated at par with the Institutions and a Branch in
the vicinity of the center of such Technology partners can also sanction the loans.
Branch in the vicinity of the Institute (to be referred as Branch A hereafter) while
sanctioning the Education Loans should exercise following additional care, in addition to
all other extant guidelines;
 The revised “Financing Branch” option as mentioned above is applicable to all

Education Loans for study in India and abroad, irrespective of the loan amount
and whether the same is Collateral Security Free Loan and/or Supported by
Third Party Guarantee and/or Backed by Collateral Security.
 The said account should be transferred to a Branch which is in close proximity

to the permanent residence of parent/at the place of posting/service of the
parents (to be referred as Branch B hereafter) or at a place of posting of
Student at his request. (to be referred as Branch C hereafter)
 Such transfer of accounts should be done during the period, of

completion/discontinuation of study and starting of repayment. An application in
this regard must be obtained at the time of sanction itself. (Refer Annexure 21)
 Parents (who are standing as co-applicant) must have a KYC compliant SB Account
at the time of sanction of loan, with Branch B. If the Parents (who are standing
as co-applicant), are not holding such account, a new SB A/c must be opened at
Branch B after following all extant guidelines for A/c opening.
 Before transferring such accounts, Branch A will have to ensure that all Loan
Documents including LAD, are in order, Tracking Check List is duly filled and the
account is reviewed.
 At the time of such transfer of accounts, all original Loan Documents and
Security Document (wherever applicable) will be retained at the Branch A, where
the loan is sanctioned and Branch A will share with Branch B or Branch C, as the
case may be, a certificate confirming the list of Documents currently in their
possession and a set of photo copies of all the documents related to the education
loan account other than the Legal Documents.
 Once the account is transferred, it will be responsibility of the Branch B or

Branch C as the case may be, where the loan account is transferred, to obtain
the LAD from time to time and ensure repayment and required recovery efforts.
The LAD so obtained should be sent to the Branch A, where the loan was
sanctioned, to be kept along with all other original loan documents.
 Ideally, all documents including security documents, if any, are to be signed/
executed at one place preferably at the place where the Branch A is situated
and the documents are required to be stamped as per the rate prevailing
according to Stamp Law in force at the place where the Branch A is situate.
However, in extreme cases like physical, legal or other impediments and for
genuine reasons it is not possible for the co-applicant to sign the documents at
the place where Branch A is situated, Student has to sign the documents at a
Branch A, where the loan is sanctioned. Such partially signed documents by the
students should be forwarded to Branch B for the limited purpose of signing by
the co- applicant and the documents so signed by the co-applicant, on signature,
shall be sent back to Branch A, (which location is sanctioned as per the request
of the borrowers) for the purpose of keeping them in the custody of the Branch
A for all purposes after paying the stamp duty applicable at the place where the
Branch A is situated. An application in this regard must be obtained. (Refer
Annexure 22). This relaxation of signing the documents at Branch B by the co-
applicant would be applicable ONLY in case the student has attained the majority
and able to execute the documents at Branch A.
 In case of Education Loans for Executive Development Programmes (Part

Time/Weekend/Online Programmes) being offered by Premier Institutions in
India, the Loan Accounts (where there is no co-applicant) may be continued to be
parked at a Sanctioning Branch till the time the candidate’s posting is in the same
place. In case of relocation of the Borrower, such Loan Accounts should be
transferred to a Branch where he/she is relocated. An application in this regard
must be obtained at the time of sanction itself. (Refer Annexure 23).
In such cases the Branch which has sanctioned the Loan will be treated as Branch
A and Branch where the loan account is being transferred will be treated as
Branch C and all other modalities mentioned in this circular will be applicable.
 In case the account turns NPA, the Branch A, with which the documents are
retained, will initiate action at the place where the documents are retained.
 Branches may avail the services of recently empanelled CPV Agencies for contact
point verification. (Please refer Circular No. BCC: BR: 109:366 dated 24.07.17).
In cases where services of these CPV Agencies are not availed, the services of
Branches nearby residence /work place, may be utilized for verification.
12. Guidelines for routing of Education Loan Application compulsorily through
Vidya Lakshmi Portal (VLP) (a Govt. of India initiative)
As per the instructions of the Department of Financial Services, Ministry of Finance,

Government of India, all new education loan applications (including applications
received in physical format) are to be applied through Vidya Lakshmi portal with
immediate effect. Accordingly, operating units are advised as under;
 If an Education Loan Application is received in physical format, advise the

applicant to submit Education Loan Application only through Vidya Lakshmi Portal.
(including the applications being canvassed by convectional DSAs, empaneled by
ROs) (https://www.vidyalakshmi.co.in/Students/)
 Education Loan Application sourced through Digital DSAs, empaneled by the

Corporate Office, should be accepted without routing through Vidya Lakshmi
Portal, as the data for such application would be directly uploaded in VLP by the
Corporate Office.
 Ensure to recover Rs. 100/- plus applicable GST, towards “VLP Charges” and
credit the same in “PL Incidental Charges” (including files sourced through
conventional DSAs / Digital DSAs), only from the applicants whose loan is
sanctioned. The payment to NSDL towards the said charges will be made centrally
by Corporate Office.
“Vidya Lakshmi Portal” being a Govt. of India initiative, the progress is constantly
monitored by various government agencies like Ministry of Finance, Ministry of HRD, IBA
and NSDL.
Hence Branches /SMSs are advised to ensure to attend applications on real time basis
and update the status in Bank’s Online Loan Track System (LTS). Not attending VLP
applications and /or not updating the status will be viewed seriously.
The Identified Nodal Officers at ZO & RO have to monitor the progress of VLP
application on daily basis.
“Nodal Officer” at ZO and RO have to play a very vital role in ensuring timely response
to the applications. The following is expected from you as a Nodal Officer;
• Have a clear understanding of guidelines for routing Education Loan applications
compulsorily through Vidya Lakshmi Portal and guide Branches/SMSs.
• Ensure to monitor the progress on daily basis.
• Ensure that all applications are attended in time bound manner.
• Ensure to resolve the Grievances of the students.
For detailed guidelines refer Annexure 7

13. Tracking Checklist for Education Loans
In order to be in continues touch with the Education Loans A/c holders and understand
the progress in study / present engagement, Tracking Checklist was been introduced and
has further been enhanced from time to time. The enhanced Tracking Checklist is
available in Annexure no. 8.
Operating units are advised as under;
 The Tracking Check List is to be updated mandatorily at the time of Annual

Review of the Account.
 Fields captured in Tracking Checklist are mandatorily to be entered in Finacle.
 One of the fields in the Tracking Checklist is inclusion of CIBIL Score.
For updation in the said tracking checklist, Branches need not generate the
CIBIL Score at their end. Bank will centrally scrub HASCROM CIBIL data of
all live education loans accounts and arrange to provide the CIBIL Score,
wherever the data is updated in the said menu. The same will be updated in
Bank’s Intranet and detailed modalities will be advised separately.
Branches are advised to ensure to update the relevant fields for all live education
loan accounts in HACSROM CIBIL so that the CIBIL score can be generated
centrally and made available to Branches through Bank’s Intranet.
 The said Tracking Check List has been included in CERMO Module for compliance
apart from being included as a part of ZIC Inspection parameters.
All operating units are requested to take a careful note and ensure strict compliance of
the above guidelines.
14. Guarantee Cover for Education Loans (including Skill Loans)
Department of Financial Services, Ministry of Finance, Government of India has set up

National Credit Guarantee Trustee Company Ltd. (NCGTC), with a view to grant the
Guarantee Cover on payment of Annual Guarantee Fee (AGF) @ 0.50% p.a. of the
outstanding amount (as applicable on the date of making application for guarantee cover)
in respect of following types of loans;
 Education Loans under Credit Guarantee Fund for Education loans (CGFEL) and
 Skill Loans under Credit Guarantee Fund for Skill Development (CGFSD)
NCGTC provides guarantee cover to the extent of 75% of amount in default. NCGTC shall
pay 75 % of guaranteed amount on preferring of eligible claim by the Bank, within 30
days, subject to claim being otherwise found in order and complete in all respect. The
balance 25% of guaranteed amount will be paid after obtaining a certificate from the
Bank stating that all avenues for recovering the amount have been exhausted.
For scheme notification and eligibility criteria for Education Loans and Skill Loans refer
Annexure 15, 16, 17 and 18 respectively. However, key features / broad parameters
are reiterated in brief as under;
Parameter Education Loan Skill Loan

Loan Education loan sanctioned as per Skill Development Loan sanctioned
scheme IBA Model Education Loan Scheme as per IBA Skill Loan Scheme
for pursuing Higher Education in would be eligible for Credit
India/ Abroad would be eligible for Guarantee Scheme
Credit Guarantee Scheme
Loan Upto Rs. 4.00 Lakh Rs. 0.05 to Rs. 1.50 Lakh
Amount
Rate of Should not be more than 2% over Should not be more than 1.5% over
Interest MCLR. MCLR.
Margin Upto Rs. 4.00 Lakh – NIL N.A.
Security No collateral security or third party No collateral security or third
guaranty should be attached with party guaranty should be attached
the Loan. with the Loan.
No Additional cover on Education No Additional cover on Skill Loan

Loan by Govt. / General Insurer/ by Govt./ General Insurer/ Any
Any person or association of persons person or association of persons
carrying on the business of carrying on the business of
insurance, guarantee or indemnity. insurance, guarantee or indemnity.
Further with a view to avail Guarantee Cover from NCGCT for all Education Loans
and Skill Loans with sanctioned limit upto Rs. 4.00 Lakh and Rs. 1.50 Lakh
respectively, necessary modifications have already been carried out in order to
ensure realignment with NCGTC criteria and the same have been communicated vide
circular no. BCC: BR: 110:80 dated 15.02.2018.
The uploading of data on NCGTC Portal and payment for the Guarantee Fee will be done
centrally at Retail Banking Dept., BCC, Mumbai.
Necessary updation in Finacle as per the data requirement of NCGTC Portal will be done
in due course. Till such time the current system of manual submission of data by
respective Region /Zone will continue.
In order to facilitate the operating units, the list of eligible accounts will be extracted
centrally through system. However, it is quite possible that certain eligible accounts may
not be captured, for reason of non/wrong feeding of data in Finacle by Branches.
Operating units are therefore advised to scrupulously follow the scheme guidelines
especially for loans upto rs. 4.00 Lakh in order to ensure that
I. The relevant fields are correctly updated in Finacle and

II. The Guarantee cover is available throughout the entire repayment period in
respect of all eligible accounts.
As regards the detailed guidelines about revocation of guarantee cover by the Bank, the
same will be advised shortly.
Branches /Offices are advised to take a very careful note of the above guidelines and
act accordingly.
15. General Guidelines on Education Loans:
1. Guidelines for issuing Bank Guarantee on behalf of students in favour of

Educational Institutions.
 While issuing bank guarantee, the usual terms & conditions for non-fund based limits
should be complied with. The following details need careful consideration.
 A specific request for issuing guarantee should be obtained from parent and student.
 Guarantee should be issued as per prescribed format.
 The guarantee deed should contain details of fees payable each year along with due
date.
 A proper record of fees payable should be kept in ledger folio and due date dairy. On
payment the contingent liability under guarantee limit should be reduced
proportionately.
 The security as mentioned in the scheme be first obtained.
 When both funded loan and guarantee limit are considered, the total limit should not
exceed stipulated limit prescribed under the scheme.
 When only guarantee limits are considered, a margin of 25% should be stipulated. The
margin may be in the form of deposit or by paying entire fees for the first year by
student.
 The commission as applicable from time to time should be recovered in advance.
2. Other General Guidelines for Education Loans:
(a) An “Agreement to Undertake Assignment of Future Income” to be obtained while

financing under “Baroda Gyan” and “Baroda Scholar” scheme for more than Rs. 4.00
lacs. Format of Agreement is enclosed as Annexure-11
(b) Documentation:
 D.P.Note
 Letter of Installments with acceleration clause
 Declaration cum Undertaking cum Authority
 General form of Guarantee (if stipulated)
 Documents related to Mortgage of property /other securities (if stipulated)
 Stamped declaration/ an affidavit confirming that no Educational loan is
availed from other bank/ institutions
 Agreement to undertake assignment of Future Income (in case of Education
Loan of more than rs.4.00 Lacs )
 Agreement between student/borrower and Bank, if eligible under Education
Loan Interest Subsidy scheme.
(c) Credit Rating: Credit rating is to be done as per existing guidelines under
Education Loan Model. (Credit rating sheet is attached as Annexure- 6)
Cut off Score & Investment Grade are as under:
Model Education Loan Cut off Investment

No. score Grade
1. Without Security & Without 96 EL A-7 & above
Guarantor
2. Without Security & With Guarantor 126 EL B-7 & above
3. With Security & With Guarantor 176 EL-7 & above
4. With Security & Without Guarantor 149 EL-7 & above
(d) Valuation of Collateral Security:
In cases of Educational Loans of above Rs. 7.50 lacs collateral security equivalent
to 100 % of the loan amount and co-obligation of parents/ guardian/ third party
along with the assignment of future income of the student for payment of
installment is required to be obtained.
 The security can be in the form of land / building / Govt. securities / Public
Sector Bonds / Units of UTI, NSC, KVP, LIC policy, gold, shares / debentures,
Bank Deposit, Relief Bonds, etc. standing in the name of student / parent /
guardian or any other third party with suitable margin
 Wherever mortgage of properties (land/building) is offered as security, the

property should be got valued by our Banks approved valuer or Govt. approved
valuer as per extant guidelines at the time of considering the facility and the
Realisable Market Value of Property is to be taken as the value of property.
 In case of properties acquired within last -3- years, amount of Registered

Sale Deed or the Realisable Value whichever is lower should be taken as value
of property.
(Registered within last 3 years) and if it requires to consider present
Realisable value as value of property, for any reason, prior permission from
Regional Authority to be obtained for the same.
 In case of other collateral securities like Govt. securities / Public Sector

Bonds / Units of UTI, NSC, KVP, Insurance policy, gold, shares / debentures,
Bank Deposit, Relief Bonds, etc., the surrender value (in case of Insurance
Policy) /Outstanding amount (in case of Bank Deposit), face value (in case of
NSC, KVP, Govt Securities, Bonds etc) as the case may be accepted as the
(e) Margin on Collateral Securities
In cases of Educational Loans of above Rs. 7.50 lacs collateral security equivalent
to 100 % of the loan amount and co-obligation of parents/ guardian/ third party
along with the assignment of future income of the student for payment of
installment is required to be obtained.
Hence, it will be in order if branches obtain collateral security equivalent to 100%

of loan amount without keeping any margin. However in case of securities like
Govt. securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC policy,
gold, shares / debentures, Bank Deposit, Relief Bonds etc suitable margin as
per extant guidelines to be obtained.
(f) With a view to arrest frauds/ check multiple finances from different Bank, the
branches are advised to access Consumer Credit Information of CIBIL invariably
and record the fact in appraisal note. The branches may put a remark on admission
letter about loan availed from our Bank, wherever possible and must make discreet
enquiries about the student, course and institution offering the course to check any
attempts of frauds.
(g) In case of receipt of application for more than one loan for student borrower from
a family, the loan is to be considered individual wise. That means any number of
applicants belonging to the same family may be sanctioned loans up to Rs. 4.00 Lacs
individually without insisting for collateral security.
(h) Existence of an earlier Education Loan to the brother(s) and /or sister(s) will not
affect the eligibility of another meritorious student from the same family obtaining
education loan from the Bank.
(i) There is no specific restriction with regard to the age of the student to be eligible
for education loan. However, if the student was a minor while the parent executed
documents for the loan, the Branch should obtain fresh documents from him/her
upon attaining majority.
(j) Banks may consider top up loans to students pursuing further studies within the
overall eligibility limit, if such further studies are commenced during the
moratorium period of the first loan. The repayment of the loan will commence after
the completion of the second course and further moratorium period, as provided
under the scheme.
(k) Sometimes, a student may discontinue course or college / institution may dismiss
the student on account of violation of terms and conditions of institute /
immigration rules. Hence, the branches should follow following procedure to protect
Bank’s interest:
a. Send covering letter along with Demand Draft towards payment of fee to the
proposed college/ university of admission informing about sanctioning of
education loan to the student. College / university authorities may also be
requested to inform the Bank in case of cancellation of admission on any
account and refund the fee directly to the Bank in such cases.
b. Obtain a suitable undertaking from the student / borrowers to the effect that
in case of cancellation of admission for any reason, the refund amount received,
if any by them, from college / university will be immediately deposited for
credit of loan account with the Bank and balance amount of loan with interest
will also be repaid.
(l) No Education Loan application should be rejected without concurrence of next

higher authority.
(m) Present Education Loan Scheme has not stipulated service area approach to finance
Education Loans. Education Loan applications should not be rejected merely for the
reason that the particular area is allocated to another Bank by SLBC / DLCCs.
(n) Branches/SMSs are advised to consider the EL applications in a pro-active manner,

without giving scope for complaints.
(o) Branches /SMSs are required to follow the laid down norms in sanctioning/rejection
of education loan applications strictly as per extant guidelines/stipulated time
norms applicable to priority sector lending (including loans to SC/ST candidate).
Rejections, if any, should be done only with the concurrence of the next higher
authority and the same should be conveyed to the applicants in writing. Reasons for
rejections should be clearly recorded.
(p) Branch should provide a check list of documents to be submitted by the applicant
along with the application form. (A suggestive Check list is given in Annexure- 4)
(q) Upon receipt of application form for Education Loan, standard acknowledgement
giving a reference number will be issued. Acknowledgement should contain the
details of Bank official who would be contacted in case of delay in disposal of
application.
(r) Disposal of Applications: Educational Loan applications should be expeditiously

processed in accordance to the guidelines / terms and conditions of the product.
a)No application should remain pending at branch level beyond:
 7 days if loan is up to Rs. 7.50 lacs (as no security aspect is involved
upto this limit), and
 15 days in case the loan amount is more than Rs. 7.50 lacs.
b) If any application remains pending for verification of some information i.e.
relating to institute / college imparting education or want of any information
from the student, the status may be suitably communicated to student.
c) In those cases, where it is not possible to sanction loan, a reply may be sent to
the applicant in such a manner that no embarrassment is felt by him / her.
d) However, it may be noted that, no educational loan applications should be
rejected without concurrence of next higher authority.
e) In those cases, where it is not possible to sanction loan, a reply may be sent to
the applicant in such a manner that no embarrassment is felt by him/her.
However, it may be noted that, no Education Loan application should be rejected
without concurrence of next higher authority.
(s) Reversal of interest in case of delinquent Educational Loans
The Education Loan scheme of our bank is based on the Model Education Loan
Scheme of Indian Banks Association (IBA). As per the Model Education Loan
Scheme for pursuing higher studies in India and Abroad, a repayment holiday /
moratorium is allowed for the student which is ‘course period plus one year or six
months after getting job whichever is earlier’. Only simple interest is charged
during the repayment period. The compounding interest commences only after
completion of the repayment holiday period. After the expiry of moratorium, the
loan repayment commences by fixing EMIs on the principle loan amount and interest
charged during the moratorium.
In this regard we have received a communication from Indian Bank’s Association

vide their letter No. SB/CIR/10-21/9139 dated 26th March, 2014 as under:
“One of the member banks has sought clarifications on the reversal of interest
accrued during the moratorium period in the case of education loan becoming NPA
as the Banks’ statutory auditors have raised an issue about the interest charged
during the moratorium. We had placed the matter before IBA Managing Committee
for discussion at its meeting held on 27th December, 2013. As per the Managing
Committee’s decision, IBA had taken up the matter with Reserve Bank of India for
its consideration / views.
The Reserve Bank of India has since clarified vide its letter No. DBOD. No. BP.16016
/ 21.04.048 / 2013-14 dated 20th March, 2014 as below:
“treatment of interest accrued during ‘repayment holiday period’ i.e., adding the
accrued interest during ‘repayment holiday period’ to the principal and fixing
repayment in Equated Monthly Installments (EMIs) accordingly. As such, there may
not be any reversal of interest accrued during the ‘repayment holiday period’ if
an education loan account based on ‘IBA Model Educational Loan Scheme’ becomes
non-performing asset.” (Refer Circular No. BCC: BR: 106/126 dated 27.03.2014)
(t) Revised Indian Medical Council (Amendment) Second Ordinance 2013.
(u) As per Medical Council of India, the Indian Citizen who intend to obtain medical
qualification from any foreign country was required to obtain permission from the
Indian Medical Council vide section 9 C of the Ordinance, Section 13(4B) of the IMC
Act, 1956. The above provision has been revised vide Section 1(2) of the IMC
Ordinance, 2013 with effect from 15th May, 2013 and has been notified by the
Ministry of Law and Justice in the Official Gazette of India as “Any Indian citizens
who intend to obtain primary medical qualification from any foreign country on or
after 15th May, 2013 are not required to obtain Eligibility Certificate from the
Medical Council of India”. (Refer Circular No. BCC: BR: 106/86 dated 07.03.2014)
(v) Adherence of instructions by Educational Institutions for remittance of fee.
Complaints have been received from certain Educational Institutions for non-
adherence of payment instructions by the financing Branches for remittance of
student fee to the respective Educational institutions.
In view of above, all the branches are requested to scrupulously follow the
remittance instructions of the Education Institutions /University/regulatory
authority (VISA/Immigration/Admission Council etc) while disbursing loan amount
or making payment of student fee. Some Educational Institutions do not accept
payment of fee through Bankers’ Cheque or Demand Draft etc, since it takes time
for payment to be realized. Details of student (Name, Roll No., Date of Birth etc)
to be incorporated if specifically directed by the Institution for remittance of fee
through NEFT, RTGS or any other mode of payment like, FlyWire, GlobalPay,
TransferWise etc .Especially for study abroad, the disbursement method may vary
widely depending on the country of study and university like, only online mode,
blocked account, GIC etc.
Please take a careful note of above, while remitting student fee to Educational
Institutions to avoid such complaints in future.
(w) Baroda Education Loan – Asset Classification of Restructured Accounts.
As conveyed vide our Circular No.BCC:BR:103/343 dated 30.11.2011, the maximum

repayment period of Education Loans have been increased from -7- years to 10-15
years.
The clarification from Ministry of Finance, in respect of asset classification of

restructured Education Loan accounts as under:
“If the repayment in Education Loans is extended due to revision in the repayment
period under the new Model Education Loan Scheme, the same may not be treated
as restructuring. However, this treatment would be available only to Education
Loans which are standard in the books of Banks on the date of such extension of
repayment period. Further, such extensions should not be given by Banks with a
retrospective effect and any extension in repayment period should be need based
and take into account the repayment capability of the borrowers ”
(x) Classification as NPA during moratorium Period - Order passed by Debts

Recovery Tribunal
The Hon’ble Presiding Officer, DRT- II, Chandigarh has passed an order in the
matter of Education Loan granted by IDBI Bank to the applicant. Brief facts are
as under:
The applicants had availed education loan of rs. 10 lakhs and to secure repayment
immovable property was mortgaged in the favour of the Bank. The repayment period
was to start from October 2014. The Bank declared the account as NPA and issued
notice under section 13 (2) of the SARFAESI Act, even pending the final
disbursement of the installment to the educational institution. The notice was
challenged wherein the Bank contended that applicant was sanctioned loan of rs. 10
lakhs, the tenure of which was 144 months including 54 months study period, 6
months moratorium period and 84 months were repayment period. The borrowers
were not required to pay EMIs for first 60 months but they were required to serve
interest during the period , the borrower failed to serve the interest and violated
the terms and conditions of sanction.
The issues considered by the Tribunal are:
1. Whether borrowers are bound to serve interest on education loan during

moratorium period and
2. Whether education loan can be classified during the moratorium period
The tribunal has pointed out clause 8 and 10 of Model Education Loan Scheme of
Indian Bank Association which reads as under:
“8. Rate of Interest: ……. Note: Serving of Interest during study period and the
moratorium period till commencement of repayment is optional for students.
Accrued interest will be added to the principal amount of borrower while fixing the
EMI for repayment.
10. Repayment: ….. 1% interest concession may be provided by the bank, if interest
is served during the study period and subsequent moratorium period prior to
commencement of repayment…..”
The tribunal has observed that loans for education are seen as investments for
economic development and prosperity. Thus, education loan cannot be classified
as NPA during the moratorium period or upon failure of borrower to service
interest during the moratorium period which is otherwise also optional.
In this regard, we may reiterate that as per extent guidelines of our Baroda
Education Loan Scheme:
o Service of interest during the moratorium is optional (Baroda Gyan &
Baroda Scholar). i.e., Service of interest during the moratorium period is
not compulsory.
o The accrued interest during the repayment holiday period to be added to
the principal and repayment in Equated Monthly Installment (EMI) be
fixed.
In view of above please take a careful note of the order passed by Debts Recovery
Tribunal which clarifies that Education Loan cannot be classified as NPA during the
moratorium period or upon failure of borrower to service interest during the
moratorium period which is otherwise also optional.
(y) Revised RBI guidelines on Restructuring and Asset Classification of Education

Loan Accounts.
As per the extant guidelines, repayment in an Education Loan starts after
completion of course period plus one year.
However, it may so happen that a borrower fails to get a good income or a job after
course completion if the market has a slow-down”. Sometimes, the student may not
get a job, due to macro-economic conditions, which may result in default. In such
cases, the borrower generally demands the extension of moratorium period.
However, as per extant guidelines on Prudential Norms on Income Recognition,

Asset Classification & Provisioning pertaining to advances, accounts that are
restructured from 1st April 2015 attract higher provisioning and are to be
classified as Non-Performing Assets.
Hence in order address this issue and to encourage banks to provide more Education
Loans, the Reserve Bank of India (RBI) has revised the guidelines on Restructuring
and Asset Classification of Education Loan Accounts, which was advised by IBA vide
their letter no. CIR/RB-ELS/1713 dated 26.12.2016. The revised guidelines are as
under;
 Additional moratorium period up to three spells (not exceeding 6 months each)

may be allowed during life cycle of education loan, taking into account the period
of unemployment/underemployment.
 The said rescheduling of repayment period of such loans due to unemployment /

underemployment of borrower will not be treated as restructured accounts for
computing NPAs.
 However, bank would be required to maintain a higher provisioning of 5% during

the additional moratorium period and one year thereafter.
 “The facility of extended repayment period and increased number of moratorium

for repayment may be extended to existing borrowers whose accounts are
classified as ‘standard’.
To extend the benefit of such additional moratorium, Branches may follow the
procedure as under;
 Be in touch with the Education Loan Borrowers, especially in case of PNPA, whose
accounts are classified as ‘standard’, but show indications of difficulty to pay the
EMI on account of not getting job, loss of job, inadequate salary, higher
obligation, and other micro / macro issues or consider the request as per scheme
whenever request is received from the borrower.
 Ascertain the factual position and explore the possibility of covering such
accounts for restructuring.
 Obtain a written request from the applicants before such restructuring.
 Branches have to obtain sanction of such additional moratorium from next
higher authority.
 Follow the steps as enumerated in the Job Card (Refer Annexure. 28))
 Branches have to reschedule the restructured education loan accounts through
HLARA menu as per existing procedure.
 Only Rephasement code- 290 has to be entered in HLARA ->Payment Details
tab -> Rescheduling Notes field at the time of rescheduling of the account.
 Higher provisioning of 5% during the moratorium period will be taken care by
ASCROM Cell, BCC, Mumbai.
 An acknowledgement in the prescribed format must be obtained from
Applicant/Co-applicants and Guarantor. (Refer Annexure 27--- for format)
3. Preventive Vigilance Guidelines on Education Loans
 KYC guidelines should be very meticulously and strictly complied with, which
include proper verification / cross checking of information submitted by the
applicants for their identity with original documents.
 Documents submitted for identity and proof of residence i.e. copy of ration card/
photo-identity card/ PAN card/ driving license should be properly scrutinized and
also verified with the originals. Noting for having verified with the originals should
be made on relative documents and report kept on record.
 PAN card details to be verified with original and from Govt. website. Aadhar
cards, other documents are also to be got verified with the originals and noting in
this regard is to be made on the photocopies.
 Pre-sanction inspection including visit to the place of residence and work,

preferably without giving prior intimation to the applicant, is to be carried out
independently and report duly signed is kept in the records.
 Copy of admission letter to be obtained as a proof of having secured admission in

the Institution/College/university and authenticity/approval of the institutions
and courses to be ensured by the sanctioning authority.
 With a view to arrest frauds/ check multiple finances from different Bank, the
branches are advised to access Consumer Credit Information of CIBIL, Willful
defaulters list of RBI, CERSAI invariably and record the fact in appraisal note.
The branches may put a remark on admission letter about loan availed from our
Bank, wherever possible and must make discreet enquiries about the student,
course and institution offering the course to check any attempts of frauds.
 Branches should obtain a stamped declaration/ an affidavit confirming that no

Education Loan is availed from other bank / Institution for the course mentioned
in the application.
 Complete academic record of the student is to be obtained.

 Where collateral securities are stipulated, the extant guidelines/safe guards for
creation of mortgage, charging of securities like FDR, NSC etc. mentioned in Book
of Instructions and circulars issued from time to time are to be strictly adhered.
 The loan to be disbursed in stages as per the requirement/ demand directly to

the institutions/ Vendors of Books/ equipments/ Instruments to the extent
possible.
 In case of Disbursement before grant of VISA in respect of Loan sanctioned to

students pursuing courses abroad , the guidelines/ conditions mentioned in the
product profile of “Baroda Scholar’ to be followed.
 Irregularities in issuing Financial Capacity Certificate for submission to

Foreign Universities.:
All the operating units to ensure compliance of existing guidelines and observe due
diligence while issuing Financial Capacity Certificate at the request of customers for
submission to foreign universities. (Refer Circular No. BCC:BR:106/12 dated
08.01.2014)
 Branches should thoroughly check the veracity of the Income Certificates

submitted by the student borrowers, for availing interest subsidy under Education
Loan Interest Subsidy Scheme (ELIS)/ Padho Pardesh, before accepting the same
and submitting the claims.
However, branches should scrupulously follow the extant guidelines of the Bank
and scheme to ensure that the facilities are provided to the genuine, meritorious
and need students.
4. Revision of Rate of Interest on Education Loans w.e.f. 01.10.2013.
The Rate of interest on Loans sanctioned prior to 01.10.2013 was as under:
 Baroda Education Loan (Baroda Vidya, Baroda Gyan, Baroda Scholar)

- Upto Rs. 4.00 lacs : Base Rate + 2.50 % (w.e.f. 16.08.2012)
- Above Rs. 4.00 Lacs upto Rs. 7.50 Lacs: Base Rate + 4.00% (w.e.f. 16.08.2012)
- Above Rs. 7.50 Lacs : Base Rate + 3.50 % (w.e.f. 16.08.2012)
 Baroda Career Development: Base Rate + 4.75%

 Baroda Education Loan for Vocational Education & Training : Base Rate + 2.00%
 1.00 % Concession in rate of interest to loans sanctioned for the benefit of girl
students.
 Concession of 1.00% in ROI to students who have sought admission in premier
institutions viz. IIMs, IITs and AIIMS/AFMC for Loans more than Rs. 7.50 Lacs.
 Additional 1% concession in ROI is provided if interest is serviced regularly during
repayment holiday (i.e, serviced before next interest is debited to the account but
not later than 30 days).
Subsequent revision of rate of interest on Education Loans w.e.f. 01.10.2013 was

under:(Refer Circular No.BCC:105/456 dated 14.10.2013)
 Baroda Education Loan (Baroda Vidya, Baroda Gyan, Baroda Scholar)
- Upto Rs. 7.50 lacs : Base Rate + 2.50 %
- Above Rs. 7.50 Lacs : Base Rate + 1.75 %
 Baroda Career Development : Base Rate + 2.75%
 Baroda Education Loan for Vocational Education & Training : Base Rate + 2.00%
 0.50 % Concession in rate of interest to loans sanctioned for the benefit of girl
students. (Please note that for Loans sanctioned prior to 01.10.2013, the concession
was 1.00%)
 The additional concession 1% in interest for servicing interest debited during
repayment holiday (i.e, serviced before next interest is debited to the account but
not later than 30 days) will be available for Loans sanctioned till 30.09.2013 onlyas
per detailed guidelines given in Annexure-19. (Not available to new Loans sanctioned
w.e.f. 01.10.2013).
o Education and Baroda Career Development Loan Borrowers, whose loans
sanctioned prior to 01.10.2013 can opt for the benefit of reduction in the interest
rate structure & revised concessions at the time of review subject to the
condition that existing Education and Baroda Career Development Loan Borrowers
are in standard category & there are no major inspection irregularity.
o The existing Baroda Education Loan & Baroda Career Development Loan borrowers
may continue with the existing rate of interest and concessions if any (ie., for girl
student and 1% concession for servicing monthly interest) as applicable to them
at the time of sanction of credit facilities.
(Refer Circular No.BCC:105/456 dated 14.10.2013)
 Concessions in ROI to students who have sought admission in premier institutions are
available under New Education Loan scheme under Barod Gyan – ‘Baroda Education
Loan to students of Premier Institutions’.
5. Insurance Cover for Education Loan
Various factors like environmental changes, unhealthy lifestyle shift, increasing road
traffics/ natural calamities and various diseases etc. results in loss of life/ critical
illness/ accident/Loss of property and which in turn increases the chances of loan
facilities becoming NPA.
As per the Bank’s policy, the assets charged to the Bank must be adequately insured and
therefore, the property insurance is mandatorily obtained by the borrowers at their
own costs.
There are few unhedged risk still persists in respect of loss of life or critical illness. In
such unforeseen circumstances, the repayment capacity of the borrower is either
considerably squeezed or ceases to exists. In the case of loss of life, the burden of loan
repayment falls on the family of deceased which may or may not have sufficient
resources to pay the same.
To cover such risks, the insurance companies offers various type of insurance products
wherein upon occurrence of such certain event, the loan liability is settled by the
insurance company and the family/ borrower is saved by the hardship of payment at this
crucial juncture of their life.
This insurance cover may be in the form of Credit Life Insurance or Term Insurance duly
assigned in favour of Bank with Bank’s first charge.
Customer is free to avail the Insurance from any issuer of his/her choice.
Bank is having tie-up arrangements with M/s. IndiaFirst Life Insurance Co. Ltd. for
providing Life Insurance Cover to our Education Loan borrowers. (Refer Annexure 9 for
details)
Though the scheme of Insurance Cover to Loan borrower is optional, nevertheless it

is expected from the Branches / SMSs to guide the borrowers that obtaining
insurance cover is always beneficial to them, which is available at a nominal cost and
repayable along with regular EMIs.
6. Can Education Loan be taken over from other Banks/NBFCs ?
 There are no restrictions on takeover of Education Loans from other

Banks/NBFCs. There is no restriction on stream of study. However, Secured Loan
especially for Study abroad (for any stream) and Study in India (Medical and
Aviation) should be focused. Un secured loans for students of Premier
Institutions should also be focused.
 Such loans can be processed under respective scheme codes after following
respective scheme guidelines.
 Operating units while processing such loans should adhere to the general
guidelines on takeover of retail loans.
 Operating units while processing such loans should also take due precautions as
exercised while grating a fresh loan.
 In cases where any of the Education Loan Interest Subsidy is applicable, a

declaration may be obtained stating that Bank of Baroda will not be responsible
for any matter pertaining to subsidy prior to take over and borrowers will take up
the matter with their previous Bank only.
7. Frequently Asked Questions (FAQs) – Education Loan
1. Service of Interest during moratorium period (Clarification from IBA)
Quote: Branches are insisting the students to pay the interest on the Education Loan,
which bank would reimburse to them after receipt of interest subsidy from the
Government.
The Education Loan Scheme does not require students to pay interest during
study/moratorium period. As such, it may not be appropriate for Banks to insist on
payment of interest by those eligible for interest subsidy. Interest subsidy as and
when received, may be credited to the loan account against simple interest accrued on
the loan account
Unquote:
As per extent guidelines of our Baroda Education Loan Scheme,
o Service of interest during the moratorium is optional (Baroda Gyan & Baroda
Scholar). i.e., Service of interest during the moratorium period is not compulsory.
o The accrued interest during the repayment holiday period to be added to the
principal and repayment in Equated Monthly Installment (EMI) be fixed.
o However, our Bank offered 1% concession in rate of interest, if interest is serviced
regularly during repayment holiday/moratorium period, subjected to the condition
that effective rate of interest should not go below Base Rate (only for Loans
sanctioned prior to 01.10.2013). This concession has been withdrawn w.e.f.
01.10.2013.
2. Sanction of loan to more than one child from the same family
Existence of an earlier education loan to the brother(s) and/or sister(s) will not
education loan as per this scheme from the bank.
3. How to deal with requests for sanction of collateral free loans to more than
one student from the same family? Is the collateral free limit of Rs. 4.00
lakh for a student or for a family as whole for the purpose of the scheme?
Repayment of the education loan is based on the future earning potential of the
student. Going by the spirit of the scheme, limit of Rs 4.00 lakh collateral free loan
is student specific and not family specific. There is no restriction on giving a second
or third collateral free loan to other siblings when one of the siblings has already
taken a collateral free loan.
4. Reimbursement of fees paid by the student/parents for the first year of

study.
For the first year of study, at times institutions insist that the students pay fees
immediately on admission. As a special case, such payment if made at the time of
seeking admission, will be reimbursed to the students/parents against obtaining
necessary proof of payment. It has to be ensured that no undue advantage is taken
on this count. The expenditure incurred by the applicant for earlier years however
shall not be considered for reimbursement.
For overseas courses, after the student’s admission is confirmed by University,
expenses relating to 1st semester/year will be considered for reimbursement if the
University demands so.
5. Second Education Loans
Banks may consider top up loans to students pursuing further studies within the
overall eligibility limit, if such further studies are commenced during the moratorium
period of the first loan. The repayment of the loan will commence after the
completion of the second course and further moratorium period, as provided under
the scheme.
6. Joint Borrower
The joint borrower should normally be parent(s)/guardian of the student borrower.

In case of a married person, joint borrower can be either spouse or the
parent(s)/parents-in-law.
7. What criteria should be adopted to recognize courses like Nursing, Teacher

Training, B.Ed. for the purpose of grant of education loan and the fees to
be considered for such courses?
Teachers Training Course /Nursing Course/ BEd will be eligible for education loan
provided the training institutions are approved either by the Central Government or
by State Government and such courses should lead to Degree or Diploma Courses and
not to Certificate Course. Branches can consider the request for education loan
under our “Baroda Gyan Scheme” for the above courses conducted by institutions
approved by Central / State Government and leading to Degree or Diploma courses
and not to Certificate Courses.
The fees to be considered for purpose should be the fees structure as approved by
the State Government or Government approved Regulatory Body for merit seats in
Government Colleges/ Private Self Financing Colleges, Cooperative and Colleges run
by Universities, as the case may be.
8. Whether request received for sanction of loan to meet partial cost of studying
abroad can be considered?
It is not uncommon for students to take up part-time jobs as permitted by the

institutions where they are studying to part fund their education. So they will not
be taking loan for meeting entire cost of studies. Branches may sanction loan for
meeting part cost as requested by students in such cases.
9.Can the bank consider request for loan received from NRIs?
Requests received from NRIs can be considered if student is Indian passport holder
and they meet other eligibility requirements. However, it would be necessary to
accept as security any collateral which is enforceable in India. One of the permanent
resident of India (preferably a close relative) should also be taken as co-applicant /
guarantor.
10. How to deal with cases where the joint borrower becomes defaulter after
sanction of Education Loan?
The student loan will not be affected by any change in asset classification of any
separate bank borrowing of the joint borrower.
11. Release of Installments to students having arrears in semester examinations.
While releasing loan installments to students during the 2nd and subsequent years,
courses of more than one year, Branches have come across students who have failed
in more than one subject in semester examinations and their performance is
continuously poor. In some cases, students are failed in more than 50% of the
subjects they appeared. In such cases, the students may not be in a position to
complete the course within the course period. Securing a good employment would also
difficult for them in the competitive environment and even they get employment the
salary may not adequate to meet the repayment obligations.
The following conditions are suggested for release of subsequent installments to

students:
 If the student borrower fails in one or more subjects in the first year, a
declaration may be obtained from the student/parent that he will clear the
arrears in the ensuing examination.
 From the second year onwards, if the student borrower fails in more than one
third of the subjects he/she appeared, a suitable third party guarantee with
adequate net worth may be insisted for release of further installments.
 The above conditions may be made known to the students and the co-
borrower at the time of loan sanction itself.
12. Some courses pursued by the students where part of the course is in India
and part is in overseas. In such cases, whether Education Loan is to be sanctioned
under Baroda Scholar?
In such cases, Education Loan can be considered under Baroda Scholar (Education
Loan for studies overseas), if the Degree/Certificate is awarded by Foreign
University.
In this connection please note that:

 Interest subsidy (under Education Loan interest subsidy scheme for studies in
Indian- ELIS) is not eligible for students who are doing part of their study in India
and part in Overseas centres.
 Interest subsidy under Padho Pardesh (interest subsidy scheme for overseas
studies for the students belonging to minority communities) is available only if the
degree is awarded by Foreign University.
16. Empanelment of DSAs
Offline / Conventional DSAs
Considering the encouraging response from the operating units and feedback for allowing
the empanelment of DSAs for other retail loans other than Home Loans, Bank has
decided to extend the scope of work of existing empanelled DSAs and fresh
empanelment of DSAs for Education Loans also. (Ref Circular no. BCCBR10907 dated
18.11.2017).
The job profile of DSAs, Terms of the Empanelment Period of Empanelment Pay out
structure currently 0.60 % per proposal on sanctioned amount on disbursement of
minimum 20% of sanctioned amount on each case), Authority of Empanelment etc. will
remain same as applicable to Home Loan DSAs and as communicated vide circular no. BCC:
BR: 108:207 dated 11.05.2016. However, the empanelment of DSAs for Education Loans
will be restricted to Education Loan backed by Mortgaged Security only.
Operating Units should endeavor to empanel maximum DSAs for Education Loans.
Operating Units should approach all the Overseas Education Counselors / VISA
Consultants and empanel them as Bank’s DSAs for canvassing big ticket education loans
especially for study abroad.
Digital DSAs
Fintech companies are thriving today and collaborating with the Banks. In order to
leverage their technology platform Bank has also partnered with following Fintech
Companies and emplaned them as Bank’s Digital DSA for Education Loans as under;
Sr. Digital DSA Key Person Contact Details

1 www.gyandhan.com Mr. Jainesh Sinha
Senbonzakura Consultancy Pvt. Ltd. Mobile No: 7739005465
New Delhi Email: jainesh.sinha@gyandhan.com.
2 www.eduloans.co.in Mr. Banit Singh
BITC Loan Services Pvt. Ltd. Mobile No: 9819119363
Mumbai. Email : banit.sawhney@bitc.net.in
3 www.wemakescholars.com Ms. Damini Mahajan
WeMakeScholars Edtech Pvt. Ltd. Mobile No: 7675960143
Secunderabad Email: damini@wemakescholars.com
4 www.theloanwala.com Mr. Rahul Kumar
Croissance Wealth Advisers LLP Mobile No:8285555888
New Delhi. Email ID:rahul@theloanwala.com
5 www.buzzbt.com Mr. Rakesh Bothra
buzzBT Business Consultancy Pvt. Ltd. Phone No:9930009447
Mumbai. Email ID:rakesh.bothra@buzzbt.com
6 www.credenc.com Mr. Avinash Kumar
Credenc Web Technologies Pvt. Ltd. Mobile No:9868773649
New Delhi. Email ID:avinash@credenc.com
7 www.tasaasia.com Mr. Priyank Anand
TASMAC Global Education Pvt. Ltd Mobile No: 70459 10799
Mumbai. Email ID:info@tasaasia.com
The work of integration of some of these portals with Bank’s Loan Proposal Tracking
System / LLPS is under process. Till the time the integration is completed these Digital
DSAs will be sharing the leads through email directly to respective SMSs/ Branches,
who have to attend the same on real-time basis.
Product to be covered:
Only Security backed (Mortgage/Liquid) Education Loans covered under Bank’s scheme
with loan amount of Rs. 7.50 Lakhs and above for study in India and Abroad for all
Branches.
Process Flow for sourcing of Applications:
 These Digital DSAs will make their marketing efforts to prompt the Applicants
to visit their websites and apply for loans.
 Further our empaneled digital DSAs enables the Customers interested in availing
the product from Bank, to apply for the product of the Bank through their
websites and shall communicate the application to Bank. From time to time these
DSAs shall inform the prospective customers about the status of their application
form submitted to BANK through the websites.
 The Loan aspirant visits their websites and gives the basic details of personal
information, income, location of property etc.
 Based on the application, DSAs system instantly informs the customer of the
Education loan offers available to him/her and Student select the desired offer.
 These empaneled DSAs will engage with customers via e-mail or SMS and the
operational team of DSAs examines the details entered and calls the customer to
walk him/her through the process. Customers will be filtered on various metrics
(amount of loan request, occupation, annual income, city etc.) and finally they will
make relevant leads (with all relevant documents as per Bank’s Check list) available
in a pre-defined format.
 Portals of these DSAs will be integrated with Bank’s Loan Tracking System /LLPS
for parking the leads from these portals to Bank’s platform.
 The leads generated from these portals will be parked with respective Specialised
Mortgage Store (SMS)/Branches based on the loan amount and type of Bank
product in LTS /LLPS, who have to process the said applications. Branches/SMSs
should daily visit LTS and take prompt action for the processing and engaging with
the applicant for any additional details required.
 The Branches/SMS will either process the leads for sanction or further send the
same to Centralised Processing Centre (CPC) for sanction, wherever applicable and
update the status at each stage. The final Disbursement of the Loan will take
place at the nearest Branch of the customer, as desired by him.
 Branches/SMSs will have to update the status of the application at each stage.
Payout
Payout to these Digital DSAs will be made by Corporate Office directly on availment of
first disbursement (minimum 20 % of sanctioned amount). Hence the updating of status
by Branches/SMSs is of utmost importance. No payment is to be made by Branches
/SMSs to these Digital DSAs.
Monitoring
Zonal Mortgage Manager (ZMM), being the Nodal Officer for Education Loans will have
to ensure that the leads emanating from these Digital DSAs are attended to promptly
by SMSs and Branches.
17. Tie up with “Frankfinn Aviation Services (P) Ltd.” by Corporate Office
for canvassing Skill Loan Scheme
In order to supplement the efforts of operating units in canvasing Skill Loans under
Education Loans Schemes, Corporate Office has entered into a tie up arrangement with
“Frankfinn Aviation Services (P) Ltd.” for providing Skill Loans to their Students, under
our regular Skill Loan Scheme.
The key details of the said tie up are as under;
 Products to be covered:
Skill Loan Scheme of the Bank will be offered to the students.
 Payment to Frankfinn:
No Fees /Charges is to be paid to Frankfinn for canvassing any business under
the said tie up arrangement.
 Identification of Branch:
In order to have a focused approach, Branches in vicinity of the Frankfinn Centers
have already been identified by Zone. (Refer Annexure 39 for List of Branches
mapped with each Frankfinn Centre ).
 Process Flow for sourcing of Applications through Frankfinn:
o Frankfinn will inform their students about the Tie up with our Bank.
o Frankfinn will help the Branches identified by the Zone in arranging the
application form duly filled by the applicant along with other supporting
documents.
o The mapped Branches will process the leads for sanction. The mapped Branch
may avail the services of empaneled CPV verification and payment for the same
may be made at their end only. (Refer circular no. BCC:BR:109:366 dated
24.07.2017)
This will help us achieve a remarkable progress in Skill Loan Scheme target, a Government
of India priority. Skill Loan Scheme being a part of Priority Sector advance, will also
contribute in achieving priority sector advance targets
Zonal Mortgage Managers (ZMMs), will continue to be the Nodal Officer at Zonal Level.
ZMMs will have to ensure that the maximum advantage is derived from the said tie up
and efficient turnaround time is maintained.
18. Tie up with “Hughes Global Education India Ltd.” by Corporate Office
for canvassing EDP Loans
Bank has tied up with “Hughes Global Education India Ltd.” for sourcing of Education
Loan Applications for Executive Devolvement Programmes being offered by various
Premier Institutions with their collaboration.
Hughes Global Education is the pioneer in providing the ‘Interactive Online Learning
Platform’ for the working professionals to pursue an Online Executive
Diploma/Certificate Programs. The programs are provided by the top notch B-schools
viz. IIM Calcutta, IIM Ahmedabad, IIM Kozhikode, IIM Rohtak, IIFT New
Delhi and XLRI Jamshedpur. The company offer both offline and online executive post
graduate certificate courses for working professionals to maintain a pace in their career.
They are spread across the country through various classrooms.
The salient features for the proposed Tie Up arrangement is as under;
Education Loans for Executive Development Programmes (Part

India as listed under “Baroda Education Loan to Students of Premier Institutions”
 Pay out:
NO PAY OUT is to be given.
 Process Flow for sourcing of Applications:
o Branches in vicinity have been mapped to Hughes Centres. (Refer Annexure

40)
o Hughes will inform their candidates about the Tie up with our Bank.
o Hughes will share the details of the candidates with the Bank.
o The mapped Branch on receipt of such leads will immediate approach the
perspective candidate and will processes the leads for sanction.
19. Tie up with “Times Professional Learning a division of Bennett Coleman
and Company Ltd. “ by Corporate Office for canvassing EDP Loans
Bank has also tied up with “Times Professional Learning (TPL), a division of Bennett,
Coleman and Company Limited” (www.timestsw.com)” for canvassing Education Loan for
EDP programmes. It is a unique education initiative from Times Group with a vision to
fulfil aspirations of millions of learners, by making excellence accessible through learner
centric innovations and global collaborations. It is a house of multiple learning centric
brands such as TSW, TimesPro and ET Cases. They offers programs provided by the top
notch B-schools viz. IIM Calcutta, Ahmedabad, Kozhikode, XLRI Jamshedpur, SPJIMR,
INSEAD etc.
Details of the said tie up is as under;
Education Loans for Executive Development Programmes (Part

India as listed under “Baroda Education Loan to Students of Premier Institutions”
 Pay out:
The pay-out for the DSA will be made on monthly basis by Retail Banking
Department, Corporate Office on submission of Bill by “Times Professional
Learning, a division of Bennett, Coleman and Company Limited”
(www.timestsw.com) providing details of the accounts disbursed during the
previous month. Branched need not make DSA Payment in this regards.
 Process Flow for sourcing of Applications:
The process flow will be as per the existing practice being followed with other
Digital DSAs. The same is enumerated below;
o TPL will inform their candidates about the Tie up with our Bank.
o TPL will arrange the application form duly filled by the applicant along with
other supporting documents and will make relevant leads available for
download by the Bank in a pre-defined format.
o TPL portal will be integrated with Bank’s Loan Tracking System on the similar
lines of other Digital DSAs for parking the leads from TPL to Bank’s platform.
o The Bank will download the leads on daily basis from TPL portal and upload the
same to LTS for parking the same to respective Branches / SMS. Similarly,
Bank will also update the status of leads in TPL portal.
o Refer Annexure 41 for list of Branches mapped with TPL Centers
o Identified Branches / SMS processes the leads or further send the same to
CPC for sanction, wherever applicable and update the status at each stage.
20. Snapshot of various Education Loan Interest Subsidy Schemes currently
in force
Place of Study in India Study in Abroad Study in Abroad

Study
Scheme CSIS (Central Sector PPIS ( Padho ACSISOBCEBC (
Name Interest Subsidy) Pardesh Interest Dr. Ambedkar
Subsidy ) Central Sector
Interest subsidy
for OBC & EBC )
Ministry Ministry of Human Ministry of Ministry of Social
monitoring Resource Development Minority Affairs Justice and
the scheme Empowerment
Scheme FY 2009-10 FY 2013-14 FY 2014-15
applicable
from year
Eligibility Students belonging to Students belonging Student belonging
Economically Weaker to notified minority to the Other
Section (EWS) communities Backward Classes
(Muslims, (OBC) and
Christians, Sikhs, Economically
Buddhists, Jains Backward Classes
and Parsis). (EBC)
Courses For pursuing Technical / For pursuing For pursuing
Professional Education approved courses approved courses
studies in India (after XII) at Masters, M.Phil. at Masters, M.Phil.
only from NAAC and Ph.D. levels and Ph.D. levels
accredited Institutions or abroad. abroad.
programmes accredited by
NBA or INIs ( Institutes of
National Importance) and
CFTIs (Centrally Funded
Technical Institutions)
Note: Those Professional

institutions/programmes,
which do not come under
the ambit of NAAC or NBA,
would require approval of
the respective regulatory
body via, approval of
Medical Council of India for
Medical courses, Nursing
Council of India for Nursing
courses, Bar Council of
India for Law etc
Loan Amount Maximum loan amount on Maximum loan Maximum loan
which subsidy will be amount on which amount on which
available is rs.7.50 Lakh subsidy will be subsidy will be
from FY 2018-19 onwards available is of available is of
and rs. 10.00 Lakh prior to rs.20.00 Lakh. rs.20.00 Lakh.
that.
Period to get Moratorium period (i.e. Moratorium period Moratorium period
the Subsidy course period, plus one (i.e. course period, (i.e. course period,
year) plus one year) plus one year)
Security On education loans without NA NA
any collateral security and
third party guarantee.
Income Total parental/family Total income from Total income from
Criteria income from all sources is all sources of the all sources of the
upto Rs.,4.5 lac per annum. employed employed
candidate or his/
candidate or his/
her
her
parents/guardians
in case of parents/guardians
unemployed in case of
candidate shall not unemployed
exceed Rs. 6.00 candidate shall not
lakh per annum. exceed Rs. 8.00
lakh per annum for
OBC and r Rs. 2.50
lakh for EBC
candidates.
Income Income certificate issued Income certificate ITR/Form
Certificate by the competent authority issued by the 16/Audited
in the State/ Union competent Accounts/Income
Territory should be authority in the certificate issued
obtained only once i.e. at State/ Union by the authority
the time of sanction. Territory should be of State
obtained only once Government/UT
Administration is
i.e. at the time of acceptable to
sanction. determining
Income ceiling. It
should be obtained
only once i.e. at
the time of
sanction.
Caste NA Self Certificate Candidate applying
certificate under the OBC
category, OBC
Caste certificate
in the prescribed
Performa issued
by the competent
authority
21. Lodgment of Interest Subsidy Claims through Finacle
Branches can lodge the interest subsidy claims through “EDULOANM” Menu in Finacle
for following subsidy schemes;
 Central Sector Interest Subsidy Scheme (CSIS)
 Scheme of Interest Subsidy on Educational Loans for Overseas Studies for the
Students belonging to the Minority Communities (Padho Pardesh)
 Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans

for Overseas Studies for Other Backward Classes (OBCs) and Economically
Backward Classes (EBCs) (ACSISOBCEBC)
The “EDULOANM” Menu in Finacle is enabled from time to time at the instruction of
respective Ministry through Canara Bank (Nodal Bank for Education Loan Interest
Subsidy scheme). The same is being advised to operating units through circular. Claims
can be lodged when the menu is made live.
While lodging the claims, the following points to be kept in mind;
 Follow the steps as per the Job card (Refer Annexure 32).
 Branches must scan its entire Education Loans Portfolio and ensure that claims for
all eligible accounts are lodged.
 Branches should ensure accuracy of the data being filled as it will become the
master data for future reference and no modification will be allowed by the
Ministry.
 Branches may access the following link (from Internet PC) to check the account
wise details of Claims lodged in past
https://canarabankcsis.in/Subsidyenquiry/SubsidyEnquiry.aspx
 Please note that if the claims are not lodged in time for any eligible account, the
current Branch Manager will be held responsible.
22. CENTRAL SECTOR INTEREST SUBSIDY SCHEME, 2009
(As Revised - Applicable for loans taken w.e.f. 01.04.2018)
Introduction
One of the major objectives of the Government is to ensure that no student is denied
the opportunity to pursue higher education because he or she is poor. To achieve this
objective, Ministry of Human Resource Development (MHRD) launched a Scheme titled
"Central Sector Interest Subsidy Scheme". (CSIS) in 2009. The scheme provides full
interest subsidy during the moratorium period on modern education loans without any
collateral security and third-party guarantee, for pursuing technical/professional
courses in India. Students whose annual gross parental/ family income is up to rs.4.5
lakhs are eligible under the scheme. The existing Scheme has been modified with the
approval of the Cabinet on March 28th, 2018.
Objective of the Scheme
CSIS is a unique scheme which pivots around the vision that no student desiring to pursue
higher education is denied of the opportunity if he/ she is financially poor. This scheme
benefits all categories of economically weaker students for pursuing professional/
technical courses in India only, and intends to provide affordable higher education. The
Scheme, envisages to uplift the students from the grassroots level and increase the
number of qualified technicians/ professionals in the nation. CSIS aims to check the
existing geographical imbalance with regard to Gross Enrolment Ratio (GER) in Higher
Educational Institutions.
Features of the Scheme
The Scheme is adopted by all Scheduled Banks and is linked with the existing Model
Educational Loan scheme of the Indian Banks' Association, and restricted to students
enrolled in professional/ technical courses only from NAAC accredited Institutions or
professional/ technical programmes accredited by NBA or Institutions of National
Importance or Central Funded Technical Institutions (CFTIs). Those Professional
Institutions/programmes, which do not come under the ambit of NAAC or NBA, would
require approval of the respective regulatory body viz, approval of Medical Council of
India for Medical courses, Nursing Council of India for Nursing courses, Bar Council of
India for Law etc. The scheme is applicable to students belonging to Economically Weaker
Sections, i.e. students whose annual gross parental income is up to r.5 lakhs. Subsidy is
admissible only once either for undergraduate or post graduate or integrated course.
Under the scheme, education loan is provided without any collateral security and third-
party guarantee and for a maximum amount of Rs. 7.5 lakhs.
Eligibility
 Education Loans taken under IBA Model Education Loan Scheme.

 Students having parental income up to Rs.4.5 lakhs per annum.
 Students enrolled in professional/ technical courses only from NAAC accredited
institutions or professional/ technical programmes accredited by NBA or
Institutions of National Importance or Central Funded Technical Institutions
(CFTIs). Those Professional lnstitutions/programmes, which do not come under
the ambit of NAAC or NBA, would require approval of the respective regulatory
body viz, approval of Medical Council of India for Medical courses, Nursing Council
of India for Nursing courses, Bar Council of India for Law etc.
 Admissible only for once either for UG, PG- Also admissible for integrated
courses (graduate + post graduate).
Interest Subsidy under this Scheme shall not be available to those students who
discontinue their course midstream, or who are expelled from the Institution on
disciplinary or academic grounds. However, the interest subsidy would be available only
if discontinuation is due to medical rounds for which necessary documentation to the
satisfaction of the Head of educational institution needs to be provided.
Interest Rates
The interest rates charged on the educational loan shall be as per the BPLR/Base Rate
of the individual banks and as per the provisions for interest rates under the IBA Model
Educational Loan Scheme.
Moratorium Period
Under the Scheme, the interest payable on the Educational Loan for the moratorium
period i.e., Course Period plus one year as will be borne by the Government of India. After
the period of moratorium, the interest on the outstanding loan amount shall be paid by
the student, in accordance with the provisions of the existing Model Educational Loan
Scheme of Banks and as may be amended from time to time.
Income Limit/Proof
The benefits of the Scheme is applicable to students belonging to economically weaker

sections, with having parental income upto rs. 4.5 lacs per year (from all sources). Income
proof is required from authorised Public authority of the State Government. The present
scheme is intended to cater to the needs of students belonging to economically weaker
sections with prescribed upper parental gross income limit of the family from all sources,
which is based on economic index and not on social background- The scheme is
independent of any other schemes which may cater to EWS.
Competent Authority
The Ministry of HRD, Government of India has issued an Advisory to all the State
Governments requesting them to designate appropriate authority or authorities who are
competent to issue income certificates, based on economic index and not social
background, for the purpose of this scheme.
The Banks shall implement the Scheme based on the notification of the certification
authority by State Governments communicated through District Level Consultative
Committees (DLCCS).
Awards/Certificates
There would be tag/marker on the degree of the student indicating his repayment
liabilities. Electronic Tags will enable employers to identify loanees.
Similar Schemes
The National Minorities Development and Finance Corporation (NMDFC) has an

Educational Loan Scheme for individual beneficiaries, which is implemented through
State Channelizing Agencies (SCAs). The National Safai Karamcharis Finance and
Development Corporation (NSKFDC), National Backward Classes Finance and
Development Corporation (NBCFDC), National Scheduled Castes Finance and
Development Corporation (NSCFDC), and the National Handicapped Finance and
Development Corporation (NHFDC), under the Ministry of Social Justice and
Empowerment also provide educational loan to the students of the target group for
higher education. Interest on Education Loan provided under the educational loan
schemes of these four corporations, if the loans are for pursuing professional courses
after Xll class, shall also be subsidized for the period of moratorium as per the terms
and conditions of this Scheme. The interest charged by NMDFC, NSKFDC, NBCFDC,
NSCFDC and NHFDC are to be paid by Government direct to the respective Corporations.
Nodal Bank
The Scheme shall continue to be implemented through Canara Bank, which is the Nodal
Bank for the Ministry of Human Resource Development. Modalities for implementation
and monitoring shall be finalised in consultation with the Canara Bank.
Applicable Academic Year
The Modified Scheme shall be applicable from the academic year 2018-19, starting 1
April, 2018.
List of Technical/ Professional courses
List of Centrally Funded Technical Institutions and Institutions of National

Importance is available on MHRD website URLs
http://mhrd.gov.in/technicaleducation- 1 (http://mhrd.gov.in/technical-education-
1) and http://mhrd.gov.in/institutions-national-importance
http://mhrd.gov.in/institutions-nationalimportance). The list of NAAC accredited
universities/ Institutions is available at NAAC website URL
http://www.naac.gov.in/Universities_Colleges.asp
(http://www.naac.gov.in/Universities_Colleges.asp) and NBA recognised professional
courses is available at NBA website URL http://www.nbaind.org/accreditation-
status.aspx (http://www.nbaind.org/accreditation-status.aspx). ln case of doubt,
Banks may approach UGC/AICTE and other councils for clarification, for which
UGC/AICTE and other councils would be requested to create Cells and identify Nodal
officers, whom banks can approach for relevant information.
Monitoring
An Interest Subsidy & Credit Guarantee dashboard would be set up by the Nodal Bank
for the Scheme with real time data from banks on geographical/socioeconomic/ gender/
institution/ accreditation grade of the institution/ category/ course wise distribution of
loan applications, sanctions, subsidy released and adjusted, loan repayments, NPAs, etc.
This dashboard will ensure effective monitoring and enable the Ministry to measure the
outcome of the Scheme.
Disbursement of Interest Subsidy claims
The disbursement of interest subsidy claims to the Banks shall be on half yearly or yearly
basis, as decided by the Ministry of HRD, Govt. of India.
Interest Concession
Under the IBA Scheme, 1% interest concession is provided for the loanees if the interest
is serviced during the period when repayment holiday is specified for interest/repayment
under the scheme. This 1% interest concession would be extended under the Central
Scheme of lnterest Subsidy, provided the Government of India disburses interest
subsidy claims to the Banks on half-yearly or yearly basis.
Claims by RRBs
RRBS should submit their claim directly to Canara Bank, the nodal bank and not to route
it through the sponsor bank.
Audit
Statutory Audit of the Accounts coinciding with the Annual Statutory Audit of the Bank
should be conducted once a year.
23.EDUCATION LOAN INTEREST SUBSIDY SCHEME (ELIS)
(Scheme is applicable from the academic year 2009 – 10 starting 1st April, 2009
and the loan taken for the same starting from Academic Year 2009-10. )
As per directives of Ministry of Human Resources Development, Govt. of India, Education

Loans sanctioned to students belonging to Economically Weaker Section for pursing their
studies of Professional / Technical courses from UGC / AICTE approved Institutions in
India from academic year 2009-10 are eligible for Interest Subsidy during moratorium
period.
Accordingly, our Bank has designed a scheme styled as “Education Loan Interest Subsidy
scheme (ELIS)” to provide Interest Subsidy for the period of moratorium on educational
loans taken by students from Economically Weaker Sections under the educational loan
scheme of our Bank to pursue Technical / Professional Education studies in India.
Objective of the Scheme:
The Scheme provides interest subsidy during moratorium period of Education Loans
provided to students, belonging to Economically Weaker Section (not on Social back
ground) having parental family income from all sources not more than Rs.4.50 Lacs per
annum and for pursuing any of the approved courses after Class XII in Technical and
Professional streams from recognized institutes in India under the Educational Loan
Scheme of IBA.
Applicability:
 Scheme is applicable from the academic year 2009 – 10 starting 1st April, 2009 and the
loan amount taken for the same starting from Academic Year 2009-10.
 However, accounts sanctioned prior to 01.04.2009 are also eligible for interest subsidy
but the claim shall be admissible only for the interest amount on disbursements made
from 01.04.2009 and onwards till the moratorium period.
Eligibility:
 Student should belong to Economically Weaker Section (not on social background)

having parental family income from all sources not more than Rs. 4.5 lac per annum.
 Educational Loans availed for studies in recognized Technical/Professional Courses

in India.
The interest subsidy Scheme shall be linked with the existing Education Loan
Scheme of IBA and restricted to students enrolled in recognized
Technical/Professional Coursed (after XII) in India in Educational Institutions
established by Acts of Parliament, other institutions recognized by the concerned
Statutory Bodies, Indian Institutes of Management (IIMs) and other institutions
set up by the Central/State Government.
Management Quota: Students secured admission for eligible courses form

recognized institutions as provided in the IBA Model Education Loan Scheme and
taken admission under Management Quota would be eligible for the interest subsidy
from September, 2012 onwards only. (since the management quota is covered under
IBA’s model Education Loan scheme from September, 2012)
 Maximum loan limit under this scheme is rs.10 Lac. However, students who have
availed Education Loan above rs.10.00 Lacs would also be eligible for interest
subsidy. But the interest would be calculated on the loan amount up to rs.10.00 Lacs
irrespective of higher amount availed.
Moratorium Period:
 The Scheme provides full interest subsidy during the period of moratorium period.
i.e, Course Period + (one year or six months after getting job, which ever is earlier).
 After the moratorium period interest will be borne by student.
Income Certificate by Designated Authority:
 The benefit of the Scheme would be applicable to those students belong to

Economically Weaker Section (not on social background) having gross annual
parental/family income from all sources not more than Rs.4.50 lac.
 The income level only at the time of sanction of loan has to be considered for
deriving the eligibility of the a/c under Education Loan Interest Subsidy Scheme.
Subsequent changes increase/decrease in the income levels of the parents should
not be considered for eligibility of a/c under the Scheme.
 Income proof is required to be submitted by the students from designated

authorities.
 State Governments have designated appropriate authority or authorities who are

competent to issue Income certificate, based on economic index and not social
background, for the purpose of this scheme. (The updated list of 33 States/UTs
along with the designated income certifying authorities is given in Annexure -36).
 Income certificate is to be submitted only once at the time of sanction.
Other guidelines of the Scheme are as under:
 Interest subsidy shall be available to the eligible students only once, either for
first undergraduate degree course or the post graduate degrees / diplomas in India.
Interest subsidy shall, however, be admissible for integrated courses (graduates +
post graduates).
 Subsidy shall not be available if a student discontinues the course in midstream,
expelled from Institutions on disciplinary or academic grounds but discontinuation
due to medical grounds for which necessary documentation to the satisfaction of
the Head of Educational Institution will have to be given.
 Interest rates charged on the loan shall be as per interest rates applicable under
our Education Loan Scheme.
 An agreement between the student/borrower and the Branch will also be required
to be executed as per format enclosed (Annexure -39 ) and to keep the same with
the respective loan documents /file.
 There would be tag / marker on the degree and mark sheet of the student indicating
his repayment liabilities.
 Nodal Bank for implementation of the Scheme is Canara Bank.
 Ministry of HRD will monitor the benefits accruing to different categories of
borrowers, such as Scheduled Caste, Scheduled Tribes, Minorities, and Disabled
etc. For the purpose branches are requested to provide complete details in
FINACLE as well as in ASCROM.
Lodgement of Claims:
 Lodgement of claims to be done on yearly basis as and when advised by Ministry of

HRD through the nodal Bank, Canara Bank. Accordingly branches will be advised to
lodge the claims for eligible Education Loan accounts for the Financial Year.
 Lodgement of claims to be done through EDULOANM” menu option in Finacle. (Menu

“EDULOANM” will be available only for a particular time when branches are advised
to lodge the claim).
 Amount of claim to be lodged for a particular FY:
o For Loans Sanctioned on or after 01.04.2009 (i.,e after commencement
of the Scheme) – Full amount of Interest applied during the particular
Financial Year (for moratorium period).
o For Loans sanctioned prior to 01.04.2009- Interest applied during the
particular Financial Year (for moratorium period) on amounts disbursed on or
after 01.04.2009. (to be calculated manually)
o If the sanctioned amount is more than Rs. 10.00 Lacs, the interest would be
calculated on the loan amount up to Rs. 10.00 Lacs only.
 All claims entered under EDULOANM” menu should be verified by another user.
 Verification of entry of claims in EDULOANM” has made mandatory in Finacle &the

Branches will not be allowed to proceed further with Day End activity, if any
unverified entry exists in EDULOANM” menu.
Refund of excess claim of subsidy:
Branches should endeavor to avoid claiming any excess subsidy. The Indian Bank
Association (IBA) vide their communication No.SB/CIR/10-21-ISS/8363 dated
27th November, 2013 has advised as under:
 Penal Interest on delayed remittance of refund amount:
Ministry of HRD had specified that Banks should pay interest on delayed remittance
of refunds. Banks should endeavour to refund the excess claim amount if any, within
90 days from the receipt of funds from Nodal Bank, failing which interest @4% on
the refund amount for the entire period of delay beyond 90 days period, is to be
paid to the MoHRD along with the refund amount.
 Refund in case of ineligible accounts or excess claim should be made immediately

after credit of claims to respective account, to enable the Retail Banking
Department, BCC to remit the amount within 90 days of settlement of claims.
 The excess claim of subsidy claimed and received by branches in ineligible accounts
or unutilized/unspent subsidy (if any) is to be refunded to the credit of A/c. No.
29040200000249 – Education Loan Interest Subsidy Scheme-Excess Refund
A/c maintained with BKC, Branch Mumbai.
The Branches should submit the details of such refund of amount to their Regional
Offices for onward submission to Retail Banking Department, BCC, Mumbai in the
format as under:
Name of Branch
Region
A/c. No.
Name of Borrower
Category of Borrower (SC/ST/GEN)
Period of Claim (FY)
Subsidy Claimed
Subsidy Received
Subsidy Eligible
Excess Subsidy Refunded
Reason for excess claim & refund
Date & amount credited to A/c
2904/02/249 (Excess Refund A/c)
Regional Offices should maintain a record of such refunds by the branches

under their control.
 Please note that once amount is refunded to Govt. of India/Nodal Bank, same
shall not be entertained again.
 Submission of fake Income certificate:
The Indian Bank Association (IBA) vide their communication No.SB/CIR/10-21-

ISS/8363 dated 27th November, 2013 has advised that cases of fake income
certificate submission by students have been reported. Hence Branches should
thoroughly check the veracity of the Income Certificates submitted by the
students borrowers, before accepting the same and submitting the claims.
Submission of audit certificate:
Branches are required to get the Audit Certificate for claims submitted during the
Financial Year (primary claims & supplementary claims separately) under Education Loan
Interest Subsidy Scheme (ELIS) from the Statutory Auditor during the Annual Audit on
March in prescribed format as Annexure-35
At Regional Office level Branch wise/ year wise consolidated statement for Region should
be got signed from auditors along with Certificate. Similarly the Zonal claim should also be
got certified and a certificate should be obtained along with Region wise details and the
same should be submitted to Corporate Office, Mumbai.
Frequently Asked Questions (FAQs) – Education Loan Interest Subsidy Scheme (ELIS)
1. Whether students who have availed education loan above Rs. 10.00 Lacs for
studies in Indian are eligible for interest subsidy; if yes, how to calculate the
interest?
Clarification: Students who have availed education loan above Rs.10.00 Lacs would
be eligible for interest subsidy if otherwise satisfying other terms of the scheme.
However, the interest would be calculated on loan amount upto Rs. 10.00 Lacs only
irrespective of higher amount availed.
2. Whether Education Loans sanctioned before 01.04.2009 are eligible for the
interest subsidy.
Clarification: Yes. But only for the disbursements made on or after 01.04.2009.
3. Income certificate:
In absence of income certificate, whether banks could accept Form No.16 filled
by parents before the Income Tax Authorities?
Clarification: It has been advised that this would not be permitted and only income
certificate issued by the Competent Authority would be permitted under the
scheme.
4. Increasing/lowering of income level of parents.
At the time of the sanction of the education loan the income levels of the
parents were higher than the stipulated norms of Rs.4.5 lacs p.a. However in
the subsequent years due to retirement or other reasons the income levels go
down. Whether in such cases the lower income levels could be considered for
interest subsidy for that particular year?
Clarification: The scheme provides that the income level only at the time of
sanction of loan has to be considered for deriving the eligibility of the a/c under
Education Loan Interest Subsidy Scheme.
5. Settlement of claims under ELIS in accounts where subsidy claimed and closed
subsequently before settlement of the claims.
As per guidelines of the scheme, if an Education Loan is eligible under Education

Loan Interest Subsidy Scheme and even if the borrower has closed the Loan
account during the currency of the Scheme, the borrower is eligible for getting
the interest subsidy.
In such cases, the amount of eligible subsidy may be credited to his Savings Bank
account or may be paid through Demand Draft/Bankers Cheque against a clear
acknowledgement/receipt by the borrower.
6. Designated authority to issue income certificate in the state of Rajasthan.
IBA, vide circular No. SB/CIR/10-21-ISS/2729 dated 17.03.2013 has intimated
that Tehsildars would be the competent authority to issue Income Certificate
under the Education Loan Interest Subsidy Scheme, in the State of Rajasthan.
Subsequently, it was brought to notice of IBA that the Revenue Officers in the
State of Rajasthan will not issue the Income Certificate and that the BPL card will
be a valid Income Certificate. IBA had taken up the matter with Mohr& State Govt.
of Rajasthan and have since received a communication from the Mohr stating that
Tehsildars are designated as the competent authority to certify the income of the
parents of the eligible students for the higher and technical education under the
Central Scheme of Interest Subsidy on Education Loans.
In view of above, Branches may continue to accept the Income Certificate issued
by the Tehsildars in the State of Rajasthan under the Education Loan Interest
Subsidy Scheme.
7. Eligibility of interest subsidy for students secured admission under Management

Quota
As the revised Model Scheme of IBA (revised on September, 2012) “a meritorious

student (who qualifies for a seat under merit quota) will also be eligible for loan
under Education Loan Scheme even if the student chooses to pursue a course under
Management Quota.”
Accordingly, Indian Banks’ Association (IBA) has clarified that in case, the Bank has
been extending Education Loan for student who secured admission under
Management Quota under IBA Model Education Loan Scheme, then the Bank may
consider Education Loan Interest Subsidy Scheme, provided the student borrower’s
parental annual income from all sources should be less than Rs. 4.50 Lacs.
Further, BA has informed that the students who are eligible for interest subsidy
under the Education Loan Interest Subsidy Scheme (ELIS) and secured admission
for eligible courses form recognized institutions as provided in the IBA Model
Education Loan Scheme, would be eligible for the interest subsidy for admissions
taken under Management Quota from the date of introduction of the Scheme (i.e,
from 01.04.2009). (This has been advised to Branches vide Circular No.
BCC:BR:105/327 dated 01.08.2013)
However we have received a clarification from IBA as under: “The Interest subsidy
for Education Loans to students who has taken admission under management
quota could be made effective only from the date of the revised instructions
in September, 2012.”
In view of above, please note that,Students secured admission for eligible courses
form recognized institutions as provided in the IBA Model Education Loan
Scheme and admission taken under Management Quota would be eligible for the
interest subsidy from September, 2012 onwards only.
8. Service of Interest during moratorium period (Clarification from IBA)
Quote: Branches are insisting the students to pay the interest on the Education
Loan, which bank would reimburse to them after receipt of interest subsidy from
the Government.
The Education Loan Scheme does not require students to pay interest during
study/moratorium period. As such, it may not be appropriate for Banks to insist on
payment of interest by those eligible for interest subsidy. Interest subsidy as and
when received, may be credited to the loan account against simple interest accrued
on the loan account
Unquote:
As per extent guidelines of our Baroda Education Loan Scheme,
o Service of interest during the moratorium is optional (Baroda Gyan & Baroda
Scholar). i.e, Service of interest during the moratorium period is not
compulsory.
o The accrued interest during the repayment holiday period to be added to

the principal and repayment in Equated Monthly Installment (EMI) be fixed.
o However, our Bank offered 1% concession in rate of interest, if interest is

serviced regularly during repayment holiday/moratorium period, subjected
to the condition that effective rate of interest should not go below Base
Rate (only for Loans sanctioned prior to 01.10.2013). This concession has
been withdrawn w.e.f. 01.10.2013.
Queries raised by our Bank and clarifications of HRD received through IBA:
9. A student borrower was not eligible for the interest subsidy at the time of
sanctioning of the Education Loan. Subsequently due to death of his/her father
who is the sole earning member of the family, the annual income has come down
to below4.50 Lacs per annum. In this case, whether the student borrower is
eligible for the interest subsidy scheme from the time of his/her father’s
death?
Clarification: The Ministry of HRD has clarified that it is not agreeable and
explained that eligibility to be with respect to cut-off date i.e, the date of
application.(Please see query No.4 also)
10. Whether interest subsidy is eligible for student borrowers, who are doing
part of their study in India and part in Overseas under Educational Loan
scheme?
Clarification: The Ministry of HRD has clarified that interest subsidy is not eligible
for students who are doing part of their study in India and part in Overseas centres.
24. PADHO PARDESH - SCHEME OF INTEREST SUBSIDY ON EDUCATIONAL
LOANS FOR OVERSEAS STUDIES FOR THE STUDENTS BELONGING TO THE
MINORITY COMMUNITIES (Revised Guidelines Effective from 29.09.2017)
GOVERNMENT OF INDIA MINISTRY OF MINORITY AFFAIRS
INDEX
Sl. No. Items Page No.
1. Background 3
2. Objective 3
3. Scope 3
4. Conditions for Interest Subsidy 3-4
5. Eligibility 4
6. Income Ceiling 5
7. Selection of Candidates 5-6
8. Rate of Interest 6
9. Implementing Agencies 6
10. Administrative Expenses 6
11. Monitoring & Transparency 7
12. Minor Modifications/Changes 7
13. Evaluation 7
14. Indicative Subjects/ Disciplines covered 8-9
PADHO PARDESH - SCHEME OF INTEREST SUBSIDY ON EDUCATIONAL LOANS
FOR OVERSEAS STUDIES FOR THE STUDENTS BELONGING TO THE MINORITY
COMMUNITIES
1. BACKGROUND
The Prime Minister’s New 15 Point Programme for the Welfare of

Minorities was announced in June, 2006. It provides that the schemes for
scholarships for meritorious students from minority communities will be
formulated and implemented. The scheme of Interest Subsidy on educational
loans for overseas studies will promote educational advancement of student
from minority communities.
2. OBJECTIVE
The objective of the scheme is to award interest subsidy to meritorious

students belonging to economically weaker sections of notified minority
communities so as to provide them better opportunities for higher education
abroad and enhance their employability.
3. SCOPE
This is a Central Sector Scheme to provide interest subsidy to the
student belonging to the communities declared as minority communities in
terms of section 2 (c) of National Commission for Minorities Act, 1992, on the
interest payable for the period of moratorium for the Education Loans under
the Scheme of Interest subsidy on Educational Loans for Overseas Studies to
pursue approved courses of studies abroad at Masters and M.Phil/Ph.D levels.
4. CONDITIONS FOR INTEREST SUBSIDY

i) The Scheme is applicable for higher studies abroad. The interest
Subsidy shall be linked with the existing Educational Loan Scheme of
Indian Banks’ Association (IBA) and restricted to students enrolled for
course at Masters, M.Phil and Ph.D levels given at para 14.
ii) The interest subsidy under the scheme shall be available to the eligible
students only once, either for Masters, M.Phil or Ph.D levels. Interest
subsidy shall not be available to those students who either discontinued
the course midstream, due to any reason, or those who are expelled
from the institutions on disciplinary or academic grounds.
iii) If it is found that a student has violated any condition of the scheme,
the subsidy will be discontinued forthwith.
iv) If a student is found to have obtained the subsidy by false

statement/documents/certificates, the subsidy will be
withdrawn/cancelled forthwith and amount of the subsidy paid already,
shall be recovered with penal interest, apart from taking criminal
action as per law.
v) The students obtaining benefits under this Scheme shall not be given
the interest subsidy if he gives up Indian citizenship during the tenure
of the period.
vi) The designated bank will maintain a separate account and records
relating to the funds received from the ministry and will submit
quarterly report to the Ministry. The account and records will be open
for inspection/audit by the officers of the Ministry, or any other
agency designated by the Ministry or C & AG.
vii) Any further fund towards payment of interest subsidy will be released
to the designated Bank only after receiving the utilization certificate
for the earlier releases as per provisions of GFR.
viii) The designated Bank shall place all relevant details of financial and
physical achievements on its website and implement the scheme as per
the Memorandum of Understanding (MoU) to be signed between the
designated Bank and Ministry of Minority Affairs.
ix) The designated Bank will ensure that the students from the minority
communities, who may also belong to SC/ST/OBC category, do not avail
interest subsidy from other schemes of Central Government/State
Government for the same purpose.
x) The designated Bank will lay down the detailed procedure for
processing and sanctioning of interest subsidy to eligible students in
consultation with Ministry of Minority Affairs.
xi) State/UT-wise and Community-wise quota, based on Census, 2011, has

been fixed as given in the Annexure-I. To the extent possible, the
benefit of Interest Subsidy will be given to notified minority
communities as per the quota fixed. In case of non- availability of
students in a State or community, seats can be transferred to other
States or community.
xii) The scheme will be evaluated at regular intervals by the Ministry or

any other agency designated by the Ministry.
xiii) The terms and conditions of the scheme can be changed at any time at
the discretion of Ministry of Minority Affairs to improve
implementation of the scheme in more transparent and effective way.
5. ELIGIBILITY
i) The student should have secured admission in the approved courses at

Masters, M.Phil or Ph.D levels abroad for the courses mentioned at
Para-14.
ii) He/ She should have availed loan from a scheduled bank under the
Education Loan Scheme of the Indian Banks Association (IBA) for the
purpose.
iii) Students should apply for the benefits under the scheme during 1st
year itself of the course. Fresh applications received during 2nd year
or subsequent years will not be accepted in any case.
iv) Preference will be given to those applications which are covered under
lower rate of interest by various banks for each State/UT to their
quota.
v) Payment of financial benefit may be linked with Aadhaar Number if

available. In this regard, Gazetted Notification S. O. 2409 ( E) dated
14th June, 2017 issued under Section-7 of Aadhaar (Targeted Delivery
of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18
of 2016) published dated July 31, 2017 may be referred.
6. INCOME CEILING
i) Total income from all sources of the employed candidate or his/ her
parents/guardians in case of unemployed candidate shall not exceed Rs.
6.00 lakh per annum.
ii) Income certificate issued by the competent authority in the State/

Union Territory should be submitted in support of income shown by a
candidate.
7. SELECTION OF CANDIDATES
(i) The designated bank, on direction of Ministry of Minority Affairs will

open the portal for receiving of applications for the claims of interest
subsidy under the scheme.
(ii) Portal will be opened only once in a financial Year for fresh
applications. In case, sufficient number of applications are not
received the portal may be opened again subject to the availability of
sufficient funds under the scheme.
(iii) For renewal cases the portal may be opened in every quarter or as
decided by the Ministry.
(iv) The applications received for claim of interest subsidy will be
examined and recommended for award of interest subsidy under the
scheme by a Selection Committee. The composition of the Selection
Committee will be as follows:-
(a) Additional Secretary /Joint Secretary

in-charge of the Scheme : Chairman
(b) Joint Secretary & Financial Advisor
or his/her representative : Member
(c) Representative of Designated Bank : Member
(d) Director/Deputy Secretary
dealing with the scheme : Convener
(v) 35% seats will be earmarked for girl students. In case of non- availability
of girl students, seats can be transferred to boys students. Periodicity of
review will be decided by Ministry.
(vi) The decision of the Selection Committee in regard to awarding the

interest subsidy will be final and no appeal could be filed against it.
8. RATE OF INTEREST SUBSIDY
(i) Under the scheme, interest payable by the students availing of the
education loans of the IBA for the period of moratorium (i.e. course
period, plus one year or six months after getting job, whichever is
earlier) as prescribed under the Education Loan Scheme of the IBA,
shall be borne by the Government of India.
(ii) After the period of moratorium is over, the interest on the outstanding
loan amount shall be paid by the student, in accordance with the
existing Educational Loan Scheme as may be amended from time to
time.
(iii) The Candidate will bear the Principal installments and interest beyond
moratorium period.
9. IMPLEMENTING AGENCIES
The scheme will be implemented by the designated Bank as per MoU

between the Bank and Ministry of Minority Affairs.
10. ADMINISTRATIVE EXPENSES
(i) The ministry shall be permitted to set aside upto the extent of 5% of
the annual allocation under this scheme to meet the administrative and
allied costs viz. expenditure of the Ministry for office equipments
including computers and accessories, advertisements, engagement of
personnel and also to conduct workshop and conferences. Workshop &
conferences will also include functions organised by the Ministry for
popularising and promoting the scheme by way of showcasing successful
entrepreneurs/beneficiaries. Cost will include all expenses towards
conducting and organising the event including TA/DA and
miscellaneous.
(ii) Administrative cost of the Bank for implementation of the scheme will
be shared as per provision in the MoU.
(iii) This provision, will also be used for evaluation and monitoring of the
scheme, through outside reputed institutions/ agencies engaged by the
Ministry of Minority Affairs, Government of India.
11. MONITORING & TRANSPARENCY
(i) The Ministry of Minority Affairs shall monitor the performance of

the scheme.
(ii) For this purpose, a web enabled monitoring mechanism shall be put in
place by designated Bank.
(iii) The Designated Nodal Bank will be required to furnish quarterly

financial and physical progress reports to the Ministry.
(iv) The designated Nodal Bank shall maintain year-wise details of the
students receiving benefits, indicating institute, location of the
institute, class, gender, new or renewal, permanent address and parents
address, contact numbers & e-mails etc.
(v) Designated Nodal Bank shall place relevant physical and financial
details on their official website.
12. MINOR MODIFICATIONS/CHANGES
Minor Modifications/Changes in the Scheme with no financial
implications may be made by the Competent Authority without seeking
recourse to SFC/EFC/Cabinet.
13. EVALUATION
The monitoring of the financial and physical performance of the scheme

will be periodically evaluated by the assigning evaluation/ impact studies
to reputed institutions/ agencies by the Ministry of Minority Affairs,
Government of India.
14. * INDICATIVE SUBJECTS/ DISCIPLINES COVERED UNDER THE

SCHEME (for Masters, M.Phil and Ph.D only)
The subjects/ disciplines in which courses may be undertaken for the grant of
interest subsidy are listed below:-
1. Arts/ Humanities/ Social Sciences
2. Commerce
3. Pure Sciences
4. Engineering
5. Bio- technology/ Genetic Engineering
6. Industrial Environmental Engineering
7. Nano- technology
8. Marine Engineering
9. Petro-chemical Engineering
10. Plastic Technology
11. Cryogenic Engineering
12. Mechatronics
13. Automation Robotics including artificial intelligence
14. Laser Technology
15. Low Temperature Thermal Dynamics
16. Optometry
17. Art Restoration Technology
18. Dock and Harbour Engineering
19. Imaging System Technology
20. Composite Materials Engineering including Decentralized
power Distribution (for Solar Heat) system, Energy Storage
Engineering, Energy conservation, Energy Efficient Habitat
21. Packaging Engineering/ Technology
22. Nuclear Engineering
23. Information Technology including Computer Engineering,
Software, Software Quality assurance, Networking/
Connectivity Engineering, Communication system under
Hazardous or Post-
disaster conditions, Multi- media Communication

24. Industrial Safety Engineering
25. Agriculture & Agro Technology
26. Agronomy
27. Medical
28. Floriculture & Landscaping
29. Food Sciences & Technology
30. Forestry & Natural Resources
31. Horticulture
32. Plant Pathology
33. Energy Studies
34. Farm Power & Machinery
35. Veterinary Sciences
36. Soils & Water Management
37. Plant Breeding & Genetics
38. Small- scale Rural Technology
39. Ocean & Atmospheric Sciences
40. M.B.A
41. M.C.A
42. Any other Subject --------- *
* Subject may be deleted or added by the Ministry from time to time as
situation demands.
State/UT-wise and Community-wise distribution of Padho Pardesh-interest
subsidy scheme for overseas studies for Minority
Students
Allocation of slots- As per Government of India
Sr.No. States/
UTs
Muslim Christian Sikh Buddhist Jain Parsi TOTAL
1 ANDHRA 14 2 X X X X 16
PRADESH
ARUNACHAL X X X X 2
PRADESH X X
2
3 ASSAM 18 2 X X X X 20
4 BIHAR 30 x X X X X 30
5 CHHATISGA x x X X X X 2
RH
6 GOA X X X X X X 2
7 GUJARAT 10 x X X x X 10
8 HARYANA 4 X 2 X X X 6
HIMACHAL X X X X 2
PRADESH X X
9
JAMMU & 14 X x X 14
KASHMIR X X
10
11 JHARKHAND 8 2 X X X X 10
12 KARNATAKA 14 2 X X x X 16
13 KERALA 16 10 X X X X 26
14 MADHYA 8 x x x x x 8
PRADESH
15 MAHARASH 22 2 x 12 2 X 38
TRA
16 MANIPUR x x X X X X 2
17 MEGHALAYA x 4 X X X X 4
18 MIZORAM X X X X X X 2
19 NAGALAND X x X X X X 2
20 ODISHA 2 2 X X X X 4
21 PUNJAB x x 28 X X X 28
22 RAJASTHAN 10 X 2 X 2 X 14
23 SIKKIM X X X X X X 2
24 TAMIL 8 8 X X X X 16
NADU
25 TRIPURA X X X X X X 2
26 UTTAR 62 x 2 x x X 64
PRADESH
27 UTTRAKHAN x X x X X X 2
D
28 WEST 38 2 X x x x 40
BENGAL
29 ANDAMAN &
NICOBAR X X X X x X 2
30 CHANDIGAR X X X X X X 2
H
DADRA &
NAGAR X X X X x X 2
31 HAVELI
32 DAMAN & X X X X X X 2
DIU
33 DELHI 4 x x X x X 4
34 LAKSHADWE X X X X X X 2
EP
35 PUDUCHERR X X X X X X 2
Y
36 TELANGAN
A
Grand Total 292 48 36 14 8 2 400
X= There will be no community-wise distribution in States/Uts with one allocation.
All applications will be pooled together and decided.
50% Slots to be transferred from the State of Andhra Pradesh to Telangana State
25. PADHO PARDESH: Interest Subsidy Scheme on Educational Loans for
overseas studies for the students belonging to the Minority Communities.
(Loans sanctioned and disbursed from 2013-14 (i.e, from 01.04.2013) onwards)
The Prime Minister’s New 15 Point Programme for the Welfare of Minorities was announced
in June, 2006. It provides that the schemes for scholarships for meritorious students from
minority communities will be formulated and implemented. The Ministry of Minority Affairs,
Govt. of India has announced “PadhoPardesh”, a scheme of Interest Subsidy on educational
loans for overseas studies to promote educational advancement of student from minority
communities.
The objective of the scheme is to award interest subsidy to meritorious students belonging
to economically weaker sections of notified minority communities so as to provide them
better opportunities for higher education abroad and enhance their employability.
Salient features of the scheme are as follows:

 This is a Central Sector Scheme to provide interest subsidy to the student belonging
to the communities declared as minority communities in terms of section 2 (c) of
National Commission for Minorities Act, 1992, on the interest payable for the period
of moratorium for the Education Loans under the Scheme of Interest subsidy on
Educational Loans for Overseas Studies to pursue approved courses of studies
abroad at Masters and Ph.D levels.
 The Scheme is applicable for higher studies abroad. The interest Subsidy shall be
linked with the existing Educational Loan Scheme of Indian Banks’ Association (IBA)
and restricted to students enrolled for course at Masters, M.Phil and Ph.D levels.
 Loans sanctioned and disbursed from 2013-14 (i.e, from 01.04.2013) onwards will
only be eligible for interest subsidy.
 The interest subsidy under the scheme shall be available to the eligible students only
once, either for Masters or Ph.D levels. Interest subsidy shall not be available to
those students who either discontinued the course midstream, due to any reason,
or those who are expelled from the institutions on disciplinary or academic grounds.
 If a student violates any condition of the scheme, the subsidy will be discontinued
forthwith.
 If a student is found to have obtained the subsidy by false statement/ certificates,

the subsidy will be withdrawn/ cancelled forthwith and amount of the subsidy paid
shall be recovered with panel interest, apart from taking criminal action as per law.
 The students obtaining benefits under this Scheme shall not be given the interest
subsidy if he gives up Indian citizenship during the tenure of the loan.
 The scheme will be evaluated at regular intervals by the Ministry or any other agency
designated by the Ministry and the cost of the evaluation study will be borne by the
Ministry.
 The terms and conditions of the scheme can be changed at any time at the discretion
of Ministry of Minority Affairs to improve procedure and achieve more effective
implementation. However, there should not be financial implications.
 Eligibility:
The students who belong to Minority Communities viz. Muslims, Christians, Sikhs,
Buddhists, Jains and Parsis and should have secured admission in approved courses
at Masters, M.Phil or Ph.D levels abroad for courses covered under the scheme.
He/ she should have availed loan from a scheduled bank under the Education Loan
Scheme of the Indian Banks Association (IBA) for the purpose.
Branches should ensure that the students from the minority communities, who may
also belong to SC/ST/OBC category, do not avail interest subsidy from other sources
for the same purpose.
 Income Ceiling:
Total income from all sources of the employed candidate or his/ her parents/
guardians in case of unemployed candidate shall not exceed rs. 6.00 lakh per annum.
Income certificate should be submitted from the notified authority in the State/
Union Territory. Certificate obtained at time of availing loan will be sufficient.
 Recommendatory Committee:
Recommendatory Committee headed by Joint Secretary in-charge of the Scheme

with representatives of Finance Division, representative of Nodal Bank and
concerned Director/Deputy Secretary as convener will examine and recommend the
applications for award of interest subsidy on quarterly basis.
To the extent possible, the benefit of Interest Subsidy will be given to notified
minority communities in the ratio of their population. Preference will be given to the
girl candidates.
 Interest Subsidy:
Under the scheme, interest payable by the students availing of the education loans
of the IBA for the period of moratorium (i.e. course period, plus one year or six
months after getting job, whichever is earlier) as prescribed under the Education
Loan Scheme of the IBA, shall be borne by the Government of India.
After the period of moratorium is over, the interest on the outstanding loan amount
shall be paid by the student, in accordance with the existing Educational Loan
Scheme as may be amended from time to time.
The Candidate will bear the Principal installments and interest beyond moratorium
period.
Subsidy is admissible to the limits specified under IBA model scheme i.e, Rs.20 Lacs
only.
 Minority Certificate:
The student borrower has to produce Minority Certificate from:

Any Religions body who issues such certificate;
From School/College Principal; and
Self declaration.
Branches have to scan the Education Loan accounts sanctioned and disbursed from
01.04.2013 for overseas studies and contact all eligible beneficiaries under this scheme to
complete the formalities of obtaining Minority Certificate and income certificate, wherever
required. In case of fresh sanctions, the details of the scheme to be explained to
students/borrowers. Branches may complete the formalities for eligible borrowers at the
time of sanction.
The detailed guidelines of the scheme received from Ministry of Minority Affairs, Govt. of
India is given in Annexure-21.
Frequently asked questions (FAQs) on Padho Pardesh received from IBA are given below.
A: For Banks
1. Whether disbursements made during Financial Year 2013-14 in respect of loans

sanctioned during earlier years will be eligible?
Answer: No, loan sanctioned and disbursed from 2013-14 onwards will only be eligible
for interest subsidy.
2. If student has availed subsidy under any other scheme including the CSIS scheme for
undergraduate courses, whether he/she will be eligible under this scheme?
Answer: Student will be eligible, as the interest subsidy under the Scheme is for
pursuing Post Graduate Diploma, Post Graduate degree course/Masters, M. Phil& Ph.D.
Further, those students, who have completed M.Tech in India but is now pursuing MBA
abroad and these students have got subsidy under CSIS/ state subsidy scheme for the
M.Tech course, are also be eligible in this Scheme.
3. Is Interest Subsidy guaranteed for all eligible applicants?

Answer: Initially the coverage of the Scheme will be flexible and will cover all eligible
applicants to the extent possible.
4. As per Model Scheme of IBA, the maximum loan for study abroad is rs.20
lakhs. Whether interest subsidy is admissible for loan amount disbursed above rs.20.00
lakh?
Answer: Presently subsidy is restricted to the limits specified under IBA model scheme
i.e. Rs 20.00 lakh only.
5. Whether latest income certificate only should be obtained or the income certificate
obtained during earlier years/ at the time of availing loan can be taken?
Answer: Certificate obtained at the time of availing loan, will be sufficient.
6. Whether student is required to submit any certificate/document regarding minority

community OR only declaration in the loan application to be taken as a proof.
Answer: Yes, Self-declaration in this regard is sufficient.
7. What is the ‘Meritorious’ element in the Scheme for eligibility for interest subsidy?
Answer: Those who have secured admission abroad and are eligible as per Scheme
Guidelines will be considered as meritorious under the Scheme.
8. If the course pursued by the minority student is partly in India and partly abroad, shall
be eligible for the interest subsidy?
Answer: Such students will be eligible for interest subsidy, if the Degree is awarded by
Foreign University.
Frequently asked Questions (FAQs) related to the Scheme of PadhoPardesh
B: For Students
1. Who is eligible for this Scheme?
Answer. Students who belong to minority communities viz. Muslims Christians, Sikhs,
Buddhists, Jains, and Parsis and want to pursue higher studies i.e. Masters, M.Phil& Ph. D
level abroad.
2. What will be the time period for interest subsidy?
Answer. Interest subsidy will be granted for the period of moratorium (i.e. course period,
plus one year or six months after getting job, whichever is earlier) as prescribed under the
Education Loan Scheme of the Indian Banks Association(IBA).
3. What is the procedure to avail the benefit of the Scheme?

Answer. Student can avail the benefit of the Scheme by following the given procedure:-
i) Student should have secured admission in the University Abroad for pursuing
Post-graduate Diploma, Masters, M.Phil or Ph. D level courses with the overall
family income of not more than rs. 6.00 lakh per annum. Family income means gross
parental income in case of unmarried students and gross income of spouse in case
of married students.
ii) Student should have to take the loan from any Scheduled commercial Bank and
member urban Co-operative Banks etc. who is a member of Indian Banks
Association.
iii) Student should have the proof of belonging to a minority community (details at
Q. No. 10).
iv) Student should inform their lending Banks that Ministry of Minority Affairs has
launched a new Scheme of PadhoPardesh – interest subsidy on educational loans
for pursuing higher studies abroad and he/she is eligible under that particular
Scheme. Then the lending Bank will feed the students information into the Portal
of PadhoPardesh launched by Canara Bank which is the implementing Agency of
this Scheme. The Portal will remain open for the period of two month in every
quarter.
4. Whether Ministry gives educational loan under this Scheme?
Answer. No, Ministry does not give educational loan under this Scheme. The Scheme
provides reimbursement of Interest accrued on the Education Loan taken by a student from
Bank, which is a member of IBA for moratorium period ( i.e. Course period + one year after
completion of course or six months after getting employment whichever happens earlier).
5. How much interest subsidy is given under this Scheme?
Answer. Ministry will reimburse 100 % interest component of the Educational loan availed
by a student from Bank up to moratorium period ( i.e. Course period + one year after
completion of course or six months after getting employment whichever happens earlier).
6. What documents are required to be submitted for claiming the benefits of the Scheme?
Answer. Ministry does not require any document from the student directly. Students have
to submit the documents as per requirement of Lending Bank for availing the Educational
Loan. Ministry will provide reimbursement of interest accrued on Educational Loan up to
moratorium period.
7. From which Bank, can a student take Education loan?
Answer. The interest subsidy is linked with the existing Educational Loan Scheme of Indian
Banks Association (IBA). Student can take Educational Loan from any Scheduled commercial
Bank and member urban Co-operative Banks etc. which is a member of IBA.
8. Can some part of the principal component of loan also be covered by this Scheme?
Answer. No, Scheme is covering only interest part of the Education loan taken by a student
for the period of moratorium (i.e. course period, plus one year or six months after getting
job, whichever is earlier).
9. Is there any periodical report/document to be submitted by student during the course

of pursuing his/her studies abroad?
Answer. No. MoMA does not require any report/documents. Students have to submit
periodical progress reports/documents to their respective lending Banks on time to time
during the period of pursuing their studies abroad. On completion of course, student may
please submit a copy of Mark list and certificate to the lending Bank as well as Ministry of
Minority Affairs for records.
10. Which Authority will issue Minority Certificate or who will issue Minority Certificate?
Answer. You may obtain Minority Certificate from:

i) Any Religious body who issues such certificate;
ii) From School/College Principal; and
iii) Self declaration
26. Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational
Loans for Overseas Studies for Other Backward Classes (OBCs) and
Economically Backward Classes (EBCs) (With effect from 01.10.2017)
1. Background
The scheme of Interest Subsidy on educational loans for overseas studies will promote
educational advancement of students from Other Backward Classes and Economically
Backward Classes.
2. Objective
The objective of the scheme is to award interest subsidy to meritorious students

belonging to the Other Backward Classes and Economically Backward Classes so as to
provide them better opportunities for higher education abroad and enhance their
employability.
3. Scope
The is a Central Sector Scheme to provide interest subsidy to the student belonging to
the OBCs and EBCs on the interest payable for the period of moratorium for the
Education Loans for overseas studies to pursue approved courses of studies abroad at
Masters, M.Phil. and Ph.D. level.
4. Conditions for Interest Subsidy
i. The Scheme is applicable for higher studies abroad. The interest Subsidy shall
be linked with the existing Educational Loan Scheme of Indian Banks
Association (IBA) and restricted to students enrolled for course at Masters,
M.Phil and Ph.D level.
ii. The interest subsidy under the scheme shall be available to the eligible
students only once, either for Masters or Ph.D levels. Interest subsidy shall
not be available to those students who either discontinued the course mid-
stream due to any reason, or those who are expelled from the institutions on
disciplinary or academic grounds.
iii. If a student violates any condition of the scheme, the subsidy will be
discontinued forthwith.
iv. If a student is found to have obtained the subsidy by false
statement/certificates, the subsidy will be withdrawn/ cancelled forthwith
and amount of the subsidy paid shall be recovered with penal interest, apart
from taking criminal action as per law.
v. The students obtaining benefits under this Scheme shall not be given the
interest subsidy if he gives up Indian citizenship during the tenure of the loan.
vi. The nodal bank will maintain a separate account and records relating to the
funds received from the Ministry of Social Justice and Empowerment and
these will be subject to inspection/audit by the officers of the Ministry, or
any other agency designated by the Ministry and C&AG.
vii. The Nodal Bank shall place all relevant details of financial and physical
achievements on its website and implement the scheme as per the Memorandum
of understanding to be signed between the designated Banks and the Ministry
of Social Justice and Empowerment.
viii. The Nodal Bank will lay down the detailed procedure for processing and
sanctioning of interest subsidy to eligible students in consultation with the
Ministry.
ix. The Scheme will be evaluated at regular intervals by the Ministry or any other
agency designated by the Ministry and the cost of the evaluation study will be
borne by the Ministry.
x. The term and conditions of the Scheme can be changed at any time at the
discretion of Ministry of Social Justice and Empowerment to improve
procedure and achieve more effective implementation. However, there should
not be financial implications.
xi. The scheme be available on preferencial basis for the professional courses first.
5. Eligibility
i. The students should have secured admission in the approved courses at

Masters, M.Phil or Ph.D levels abroad for the courses listed atPara14.
ii. He/She should have availed loan from a scheduled bank under the Education
Loan Scheme of the Indian Banks Association (IBA) for the purpose.
iii. For the candidate applying under the OBC category, OBC Caste certificate in
the prescribed Performa (as per Annexure) issued by the competent authority
must be taken by the Banks.
6. Income Ceiling
i. For OBC candidates, total income from all sources of the employed candidate
or his/her parents/guardians in case of unemployed candidate shall not exceed
present Creamy Layer criteria.
ii. For EBC candidates, total income from all sources of the employed candidate
or his/her parents/guardians in case of unemployed candidate shall not exceed
rs.2.50 lakh per annum.
iii. Under this Scheme, Income certificate produced by the student for availing
Educational Loan viz. ITR/Form 16/Audited Accounts/Income certificate
issued by the authority of State Government/UT Administration is acceptable
to determining Income ceiling.
7. Recommendatory Committee
i. Recommendatory Committee headed by Joint Secretary in-charge of Backward

Classes Division with representatives of Finance Division, representative of
Nodal Bank and concerned Director/Deputy Secretary as convener will examine
and recommend the applications for award of interest subsidy on quarterly
basis.
ii. Out of the total outlay in a year, a minimum of 50% amount will be earmarked
for Interest Subsidy to the girl candidates.
8. 'FUNDS-LIMITED' Nature of the Scheme
Due to budgetary constraint, in practice, it has not been possible for the
Central Government to provide assistance for giving subsidy on interest to all
eligible students. The funds will be released to the applicants on first- come
first-served basis, subject to a maximum amount to be worked out every year
based on total budget made available that year, under the scheme. At the
beginning of the each financial year, region-wise notional allocation of funds
should be made by the Ministry.
9. Rate of Interest Subsidy
i. Under the scheme, interest payable by the students availing the education
loans of the IBA for the period of moratorium (i.e. course period, plus one year
or six months after getting job, whichever is earlier) as prescribed under the
Education Loan Scheme of the IBA, shall be borne by the Government ofIndia.
ii. After the period of moratorium is over, the interest on the outstanding loan
amount shall be paid by the student, in accordance with the existing
Educational Loan Scheme as may be amended from time totime.
iii. The candidate will bear the Principal installments and interest beyond
moratorium period.
10. Implementing Agencies
The Scheme will be implemented by the Nodal Bank as per MoU between the Banks and the
Ministry of Social Justice & Empowerment.
11. Administrative Expenses
i. A provision not exceeding 2% of the annual budget allocation for the scheme
will be made to meet the administrative and allied costs viz. expenditure for
office
ii. equipments, including computers and accessories, advertisements, engagement
of personnel, third party evaluation etc.
iii. This provision will also be used for evaluation and monitoring of the scheme,
through outside reputed institutions/agencies engaged by the Ministry of
Social Justice and Empowerment, Government of India. Administrative cost of
the Banks will be shared as per provision in the MoU.
12. Monitoring and Transparency
i. The Ministry of Social Justice and Empowerment shall monitor the

performance of the scheme.
ii. For this purpose, a web enabled monitoring mechanism shall be put in place by
Nodal Bank.
iii. The Nodal Bank will be required to furnish quarterly financial and physical
progress reports to the Ministry.
iv. The Nodal Bank will maintain year-wise details of the students receiving
interest subsidy, indicating institute, location of the institute, course, gender,
new or renewal, permanent address and parents address.
v. The Nodal Bank will place relevant physical and financial details on their official
website.
13. Minor Modifications/Changes
Minor Modifications/Changes in the Scheme with no financial implications may be made by

the Competent Authority.
14. Evaluation
The monitoring of the financial and physical performance of the scheme will be
periodically evaluated by the assigning evaluation/impact studies to reputed
institutions/agencies by the Ministry of Social Justice and Empowerment, Government of
India.
15. *Indicative Subjects/Disciplines covered under the Scheme (for Masters, M.

Phil and Ph.D)
The subjects/disciplines in which courses may be undertaken for the grant of interest
subsidy are listed below:-
i. Arts/Humanities/Social Sciences ii. Commerce
iii. Pure Sciences xxii. Nuclear Engineering
iv. Engineering xxiii. Information
v. Biotechnology/Genetic Engineering Technology including
vi. Industrial Environmental Engineering Computer
vii. Nano-Technology Engineering,
viii. Marine Engineering Software,
ix. Petro-chemical Engineering Software Quality
x. Plastic Technology Assurance,
xi. Cryogenic Engineering Networking/Connectivity
xii. Mechatronics Engineering,
xiii. Automation Robotics Communication
including artificial intelligence system under
xiv. Laser Technology Hazardous or
xv. Low Temperature Thermal Dynamics Post-
xvi. Optometry Disaster conditions,
xvii. Art Restoration Technology Multi- media
xviii. Dock and Harbour Engineering Communication.
xix. Imaging System Technology xxiv. Industrial Safety Engineering
xx. Composite Materials Engineering xxv. Agriculture &
including Decentralized power Agro Technology
Distribution (for Solar Heat) system, xxvi. Agronomy
Energy Storage Engineering, Energy xxvii. Medical
Conservation, Energy Efficient xxviii. Floriculture &Landscaping
Habitat. xxix. Food Sciences &Technology
xxi. Packaging Engineering/Technology xxx. Forestry & Natural Resources
xxxi. Horticulture
xxxii. Plant Pathology
xxxiii. Energy Studies
xxxiv. Farm Power &Machinery
xxxv. Veterinary Sciences
xxxvi. Soils & Water Management
xxxvii. Plant Breeding &Genetics
xxxviii. Small-scale Rural
Technology
xxxix. Ocean & Atmospheric
Sciences xl. MBA
xli. MCA
xlii. Any other Subject *
* Subject may be deleted or added by the Ministry from time to time as situation demands.
FORM OF CERTIFICATE TO BE PRODUCED BY OTHER BACKWARD CLASSES
APPLYING FOR APPOINTMENT TO POSTS UNDER THE GOVERNMENT OF INDIA
This is to certify that Shri/Smt/Kumari
son/daughter of of village/town
in District/Division in
the State/Union Territory _
belongs to the community which is recognized
as a backward class under the Government of India, Ministry of Social Justice and
Empowerment's Resolution No.
dated .* Shri/Smt/Kumari
and/ or his/her family ordinarily reside(s) in the
District/Division of the State/Union
Territory. This is also to certify that he/she does not belong to the persons/sections
(Creamy Layer) mentioned in Column 3 of the Schedule to the Government of India.
Department of Personnel & Training O.M.NO.36012/22/93-Estt(SCT) dated
8.9.1993**.
District
Magistrate Deputy
Commissioner etc.
Dated:
Seal
*The authority issuing the certificate may have to mention the details of Resolution of
Government of India, in which the caste of the candidate is mentioned as OBC.
**As amended from time to time.
Note: The term "Ordinarily" used here will have the same meaning as in Section 20
of the Representation of the People Act, 1950.
Frequently Asked Questions (FAQs)
Q-1. Are the candidates included in the State/UT List are eligible for interest
subsidy under the scheme?
Ans. Applicants belonging to OBC category means, those whose communities/castes

are included in the Central list of OBCs. Hence, respective state lists/UT lists will not
be followed for this scheme. The Central List (state-wise/UT-wise) is available in the
National Commission for Backward Classes (NCBC) website (www.ncbc.nic.in).
Q-2. If any student has availed Education Loan subsidy under CSIS OR New
CSIS scheme for under graduate Or Graduate courses, whether he/she will be
eligible for Subsidy under proposed Dr. Ambedkar Central Sector Scheme of
Interest Subsidy.
Ans. The benefits under the scheme is available for:

a. Studies abroad
b. Courses leading to Masters (i.e. Post-Graduation, including PG Diploma), M.Phil
and Ph.D.
c. One time only (and not allowed even if similar benefit has been availed under
different scheme).
Q-3. What is meaning of Economically Backward Classes?
Ans. Applicants belonging to EBC (Economically Backward Classes) category means,

those whose communities/castes are not included in SC/ST/OBC categories, and
whose annual income does not exceed rs.2.50 lakh.
Q-4. What is meaning of moratorium period?
Ans. As per the scheme guidelines, the meaning of Moratorium period is, course period
plus one year, OR course period plus six months after getting the job, whichever is
earlier.
Q-5. If the moratorium period is increased at the request of the

student/borrower on genuine reasons, in such cases, whether the subsidy can also
be provided for the extended period of moratorium?
Ans. If the moratorium period is extended with the approval of the competent
authority, subsidy can be provided during that period, subject to the condition that,
fees are paid during the extended period of Moratorium.
Q-6. In case of employed candidate, whether Income of employed candidate &
his/her parents/guardians income to be clubbed for deciding income criteria
eligibility for the proposed subsidy scheme?
Ans. Parental income for eligibility will be considered only when the student is
unemployed or the student is employed but on sabbatical (not receiving salary).
Q-7. What are the documents acceptable for income certification under the
scheme?
Ans. For Income Certification, the certificate produced by the student for availing
Educational Loan viz. ITR/Form 16/Audited Accounts/Income certificate issued by
the authority of State Government/UT Administration is acceptable under the
scheme.
Q-8. In case of employed candidate, whether Income of employed candidate &

his/her parents/guardians income to be clubbed for deciding income criteria
eligibility for the proposed subsidy scheme.
Ans. Parental income for eligibility will be considered only when the student is
unemployed or the student is employed but on sabbatical (not receiving salary).
Q-9. Whether income level at the time of sanctioning of loan only to be considered
(OR) whether subsequent increase/decrease in parental income level will affect
the eligibility of the student under the scheme?
Ans. Income certificate submitted during loan application shall be treated as proof of
annual income. Subsequent increase /decrease will have no effect on the eligibility.
Q-10. Is there any reservation for girls students under the scheme?
Ans. As per the guidelines, a minimum of 50% of the total allocation under the scheme
every year shall be reserved for female students. However, in case of non-availability
of adequate demands from female students, same can be utilised for male students.
Q-11. What would be the amount of eligible loan component admissible for
interest subsidy?
Ans. For a student, the eligible loan component shall be the actual loan taken subject
to a maximum of rs.20.00 lakh for purpose of Interest subsidy claim.
Q-12. As per guidelines, who are meritorious students?
Ans. Meaning of Meritorious students under the scheme means, those who have
already taken admission in the accredited Universities/Institutions abroad, subject
to fulfilment of other eligibility and conditions. However, due to the funds-limited
nature of the scheme, while selecting beneficiaries under the scheme, priority will be
given to those students who have completed their qualifying education in a Government
University/Institution before taking admission abroad.
Q-13. Will a student pursuing a course which is partly in India and partly abroad,
be eligible for interest subsidy?
Ans. If the course pursued by the student is partly in India and partly abroad, the
course will be eligible for interest subsidy, if the Degree is awarded by Foreign
University.
****
27. Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational
Loan for Overseas Studies for Other Backward Classes (OBCs) and
Economically Backward Classes (EBCs)- (ACSISOBCEBC Scheme)’ (The Scheme
is applicable from Academic Year 2014-15.)
The Ministry of Social Justice and Empowerment, Government of India formulated Dr.
Ambedkar Central Sector Scheme of Interest Subsidy to award interest subsidy to
meritorious students on Education Loan for Overseas studies for Other Backward
Classes (OBCs) &Economically Backward Classes (EBCs).
The scheme envisages to provide Interest subsidy on Education Loans for overseas
studies to students belonging to OBC/EBC category students, for moratorium period of
study, to pursue approved courses of studies abroad at Masters, M.Phil and Ph.D level.
The scheme will facilitate to promote educational advancement of student from
OBCs/EBCs and enhance their employability.
Salient features of the scheme are as under:
 This is a Central Sector Scheme to provide interest subsidy to the student

belonging to the OBCs and EBCs on the interest payable for the period of
moratorium.
 The Scheme is applicable from Academic Year 2014-15.
 The Scheme is applicable for higher studies abroad. The interest subsidy shall be
linked with the existing Educational Loan Scheme of Indian Banks Association
(IBA) and restricted to students enrolled for course at Masters, M.Phil and Ph.D
level.
 The interest subsidy under the scheme shall be available to the eligible students
only once, either for Masters or Ph.D levels. Interest subsidy shall not be
available to those students who either discontinued the course mid-stream due
to any reason, or those who are expelled from the institutions on disciplinary or
academic grounds.
 If a student violates any condition of the scheme, the subsidy will be discontinued
forthwith.
 If a student is found to have obtained the subsidy by false statement/

certificates, the subsidy will be withdrawn/ cancelled forthwith and amount of
the subsidy paid shall be recovered with penal interest, apart from taking criminal
action as per law.
 The students obtaining benefits under this scheme shall not be given the interest
subsidy if he gives up Indian citizenship during the tenure of the loan.
 The scheme will be evaluated at regular intervals by the Ministry or any other
agency designated by the Ministry and the cost of the evaluation study will be
borne by the Ministry.
 The terms and conditions of the scheme can be changed at any time at the
discretion of Ministry of Social Justice and Empowerment to improve procedure
and achieve more effective implementation. However, there should not be
financial implications.
 Eligibility:
o The students should have secured admission in the approved courses at

Masters, M.Phil or Ph.D levels abroad for the courses specified as per the
scheme.
o He/She should have availed loan from a scheduled bank under the Education
Loan Scheme of the Indian Banks Association (IBA) for the purpose.
o For the candidate applying under the OBC category, OBC Caste certificate in
the prescribed Performa issued by the competent authority must be taken by
the Banks.
 Income Ceiling:
o For OBC candidates, total income from all sources of the employed candidate
or his/ her parents/guardians in case of unemployed candidate shall not
exceed rs.3.00 lakh per annum.
o For EBC candidates, total income from all sources of the employed candidate
or his/ her parents/guardians in case of unemployed candidate shall not
exceed rs.1.00 lakh per annum.
o Under this Scheme, Income certificate produced by the student for availing
Educational Loan viz. ITR/Form 16/Audited Accounts/ Income certificate
issued by the authority of State Government/UT Administration is acceptable
to determining Income ceiling.
 Rate of Interest Subsidy:
o Under the scheme, interest payable by the students availing the education
loans of the IBA for the period of moratorium (i.e. course period, plus one
year or six months after getting job, whichever is earlier) as prescribed under
the Education Loan Scheme of the IBA, shall be borne by the Government of
India.
o After the period of moratorium is over, the interest on the outstanding loan
amount shall be paid by the student, in accordance with the existing
Educational Loan Scheme as may be amended from time to time.
o The candidate will bear the Principal installments and interest beyond
moratorium period.
Guidelines of the scheme received from Ministry of Finance is given as Annexure-

22.
28. New CSIS Scheme for Education Loan- Relief on Interest for Education
Loans sanctioned/availed upto 31.03.2009 and outstanding as on 31.12.2013.
(Since discontinued)
As the announcement made by Finance Minister in the Budget speech 2014-15, in order
to provide relief to students who were sanctioned/disbursed Education Loans upto
31.03.2009 and outstanding as on 31.12.2013, Central Government will take over the
liability of outstanding interest as on 31.12.2013 and the borrower will have to pay the
interest for the period after 01.01.2014.
Education Loan Interest Subsidy Scheme (ELIS) is effective from 01.04.2009 to provide
Interest Subsidy for the period of moratorium on Educational Loans taken by students
from Economically Weaker Sections under the Education Loan Scheme of our Bank to
pursue Technical/ Professional Education studies in India in respect of Education Loans
disbursed after 01.04.2009. In continuation, the captioned scheme is prepared to provide
benefit to those students who have taken Education Loan upto 31.03.2009 which is
outstanding as on 31.12.2013 to the extent of interest component.
Salient features of the scheme of Relief on interest for Education Loans

sanctioned/availed upto 31.03.2009 and outstanding as on 31.12.2013 were as
under:
 The scheme was applicable only for students from Economically Weaker Sections
who have taken Education Loans upto 31.03.2009 and outstanding as on 31.12.2013
and were pursuing studies in recognized Technical/ Professional coursed in India.
 For those Education Loans sanctioned/availed up to 31.03.2009 and outstanding

as on 31.12.2013, the interest component as outstanding on 31.12.2013 will be
eligible for relief under this Scheme. It means that only the interest component
of those education loans which were availed up to 31.03.2009 and are outstanding
as on 31.12.2013 shall be adjusted under the Scheme. Principal amount (ie original
loan amount + interest capitalized at the start of repayment) shall continue to be
as it is and no kind of adjustment shall be done against the principal amount.
 For cases which are NPAs & outstanding as on 31.12.2013, the interest during the
moratorium period (the capitalized interest) OR the interest outstanding as on
31.12.2013, whichever is less, will be eligible for relief.
 The benefits of the scheme would be applicable to those students belonging to

economically weaker sections, with an annual gross parental/family income upper
limit of Rs 4.5 lacs per year (from all sources) as on date/at the time of availing
loan, if available, from the appropriate authorities. The responsibility of producing
an income certificate lies with the student/parents claiming relief under the
scheme. Income proof, in the form of Income Certificate Issuing Authorities
(ICIA) as designated by the respective State Governments under the existing
CSIS shall be required from the students. The present scheme is intended to
cater to the needs of students belonging to economically weaker sections, with
prescribed upper parental gross income limit of the family from all sources, which
is based on economic index and not on social background. The scheme is
independent of any other schemes which may cater to EWS.
 The interest subsidy under the scheme shall be available to the eligible students
only once, either for the first under-graduate degree or the post graduate
degrees/ diplomas in India and for integrated courses (graduate + post graduate)
courses, provided no subsidy has been claimed under the existing CSIS after
01.04.2009. If any student borrower has claimed subsidy for post graduate
course after 01.04.2009 then he is not eligible under this scheme. Interest
Subsidy under this Scheme shall not be available for those students who had
discontinued the course midstream, or who were expelled from the Institutions
on disciplinary or academic grounds. However, the interest subsidy will be available
only if the discontinuation was due to medical grounds for which necessary
documentation to the satisfaction of the Head of educational institution will have
to be given.
 The interest subsidy is only for interest debited on account of fees paid, and not
on any other debits such as insurance premium etc. If similar scheme is
implemented by any state government, then claim should be made either to Central
or state Government and not to both i.e the benefit of outstanding interest wavier
can be claimed only once.
 All other operational details as applicable for Education Loan Interest Subsidy
Scheme (ELIS) shall be applied for this scheme unless otherwise specifically
stated.
Detailed operational guidelines received from Ministry of Finance, Govt. of India are
also given here.
Please note that this scheme was a one time exercise and since discontinued.
New CSIS Scheme (Since discontinued)
Guidelines for providing relief on interest outstanding component as on 31.12.13 for
all Educational Loans sanctioned/availed up to 31.03.2009 & outstanding as on
31.12.2013.
1. PREFACE:
This is with reference to the announcement made by Finance Minister in Para 64 of the
Budget Speech 2014-15 in which, in order to provide relief to students who were
sanctioned/disbursed educational loans up to 31.03.2009 and outstanding as on
31.12.2013, the Central Government will take over the liability for outstanding interest
as on 31.12.2013 and the borrower will have to pay the interest for the period after
01.01.2014.
2. INTRODUCTION
The Government of India in the Budget of 2009-10, had introduced the Central Scheme
for Interest Subsidy (CSIS) in respect of education loans disbursed after 01.04.2009
under which Government took over the burden of interest for the duration of the period
of study plus one year or six months after getting the employment, whichever is earlier.
In continuation, this scheme is prepared to provide benefit to those students who have
taken education loan up to 31.3.2009 which is outstanding as on 31.12.2013 to the extent
of interest component.
3. OBJECTIVE OF THE SCHEME
The Government of India will take over the entire liability of the interest outstanding as
on 31.12.2013 for all education loans sanctioned up to 31.3.2009 and which are
outstanding as on 31.12.2013, by students belonging to Economically Weaker Sections
from scheduled banks/RRBs for pursuing any of the approved courses of studies in
technical and professional streams from recognized institutions in India. Government of
India will take over the liability for outstanding interest as on 31.12.2013, but the
borrower would have to pay interest for the period after 01.01.2014.
4. APPLICABILITY OF THE SCHEME
The Scheme will be adopted by all scheduled Banks/RRBs and would be applicable only
for students from Economically Weaker Sections who have taken education loan up to
31.3.2009 and outstanding as on 31.12.2013 and were pursuing studies in recognized
Technical/Professional Courses in India. RRBs should submit their claim directly to
Canara Bank, the nodal bank and not to route it through the sponsor bank.
5. BENEFITS AVAILABLE UNDER THE PRESENT SCHEME
For those educational loans sanctioned/availed up to 31.03.2009 and outstanding as on

31.12.2013, the interest component as outstanding on 31.12.2013 will be eligible for relief
under this Scheme. It means that only the interest component of those education loans
which were availed up to 31.03.2009 and are outstanding as on 31.12.2013 shall be
adjusted under the Scheme. Principal amount (ie original loan amount + interest
capitalized at the start of repayment) shall continue to be as it is and no kind of
adjustment shall be done against the principal amount.
For cases which are NPAs & outstanding as on 31.12.2013, the interest during the
moratorium period (the capitalized interest) OR the interest outstanding as on
31.12.2013, whichever is less, will be eligible for relief.
6. INCOME LIMIT /PROOF OF INCOME:
The benefits of the scheme would be applicable to those students belonging to economically
weaker sections, with an annual gross parental/family income upper limit of Rs 4.5 lacs per
year (from all sources) as on date/at the time of availing loan, if available, from the
appropriate authorities. The responsibility of producing an income certificate lies with the
student/parents claiming relief under the scheme. Income proof, in the form of Income
Certificate Issuing Authorities (ICIA) as designated by the respective State Governments
under the existing CSIS shall be required from the students. The present scheme is
intended to cater to the needs of students belonging to economically weaker sections, with
prescribed upper parental gross income limit of the family from all sources, which is based
on economic index and not on social background. The scheme is independent of any other
schemes which may cater to EWS.
7. COMPETENT AUTHORITY:
The Advisory issued by the Ministry of HRD, Government of India to all the State
Governments requesting them to designate an appropriate authority or authorities who are
competent to issue income certificates, based on economic index and not social background
for the purpose of CSIS scheme shall hold good for this scheme also .
8. OTHER TERMS AND CONDITIONS:
The interest subsidy under the scheme shall be available to the eligible students only
once, either for the first under-graduate degree or the post graduate degrees/ diplomas
in India and for integrated courses (graduate + post graduate) courses, provided no
subsidy has been claimed under the existing CSIS after 01.04.2009. If any student
borrower has claimed subsidy for post graduate course after 01.04.2009 then he is
not eligible under this scheme. Interest Subsidy under this Scheme shall not be
available for those students who had discontinued the course midstream, or who were
expelled from the Institutions on disciplinary or academic grounds. However, the
interest subsidy will be available only if the discontinuation was due to medical grounds
for which necessary documentation to the satisfaction of the Head of educational
institution will have to be given.
9. LIST OF ELIGIBLE COURSES:
A list of Technical/Professional courses which was brought out by the Ministry of Human
Resource Development in consultation with the concerned Ministries/Departments and the
Indian Banks’ Association and publicized from time to time for CSIS Scheme, shall be
applicable under this scheme. As regards list of accredited universities/institutions and
recognized professional courses, UGC and AICTE have displayed the names of such
institutions and courses in their websites, which may be accessed for verification purposes.
In case of doubt, Banks may approach UGC/AICTE and other councils for clarification, for
which UGC/AICTE and other councils would be requested to create Cells and identify Nodal
officers whom banks can approach for relevant information.
10. NODAL BANK:
The nodal Bank for the scheme is Canara Bank.
11. MONITORING/SUBMISSIONS OF CLAIMS
The interest relief so arrived as per Para 5 will be uploaded by the Banks in the CSIS portal
already under operation by Canara Bank.
A monitoring mechanism shall be evolved by Canara Bank i.e. the Nodal Bank to monitor the
progress being made under this scheme & timely submission of interest outstanding as on
31.12.2013 of loans availed up to 31.3.2009 by all participating Banks.
12. ADDITIONAL INFORMATION:
The interest subsidy is only for interest debited on account of fees paid, and not on any
other debits such as insurance premium etc. If similar scheme is implemented by any state
government, then claim should be made either to Central or state Government and not to
both i.e the benefit of outstanding interest wavier can be claimed only once.
All other operational details as applicable for CSIS scheme shall be applied for this scheme
unless otherwise specifically stated. Each Bank should contact all eligible beneficiaries
under this scheme immediately and obtain the requisite documents from them( affidavit as
stipulated under CSIS including a certificate that the beneficiary has not claimed interest
subsidy under CSIS after 01.04.2009 & income certificate) and get the interest
outstanding settled by submitting the claims to the Nodal bank.
The entire exercise for all eligible outstanding cases shall be completed by 30th June, 2014.
13. DISBURSEMENT OF INTEREST SUBSIDY CLAIMS
The disbursement of interest subsidy claims under this scheme to the Banks shall be on a
one time basis for all outstanding cases.
14. AUDIT
Statutory Audit of the Accounts coinciding with the Annual Statutory Audit of the Bank
should be conducted immediately at the end of first quarter of 2014-15 and should be
finalized in the half yearly accounts statements of each Bank.
Clarification regarding Income Certificate:
As per the scheme guidelines as mentioned above, the benefits of the scheme would be
applicable to those students belonging to economically weaker sections, with an annual
gross parental/family income upper limit of Rs 4.5 lacs per year (from all sources) as on
date/at the time of availing loan, if available, from the appropriate authorities. Income
proof, in the form of Income Certificate Issuing Authorities (ICIA) as designated by the
respective State Governments under the existing Education Loan Interest Subsidy
scheme (ELIS) shall be required from the students.
In this regard, communication from Ministry of Finance, Dept. of Financial Services, Govt.
of India was as under:
“In view of the difficulties expressed by various Banks regarding submission of

Income certificate of earlier year, it is clarified that clause 6 of the guidelines
regarding Income limit/Proof of Income be replaced as under:
‘- The income declared in the loan application by the student/parent at the
time of loan sanction may be accepted for deciding on the eligibility under
the scheme.
- In case the same is not declared in the application, the student has to
submit Income certificate from the appropriate authorities already identified
under existing CSIS scheme.’
All other Terms and Conditions of the scheme remain unchanged.
29. Annexure List
Annexure Particulars Page

No.
1 List of Circulars consolidated 158
2. Application Form 160
3. Form no. 135 164
4. Check List of Documents 168
5 Pre Sanction Visit Report 169
6 Credit Rating Model 173
7 Vidya Lakshmi Portal 188
8 Tracking Checklist for Education Loans (To be updated for all 199
EL A/cs at the time of Annual Review)
9 Group Credit Life Insurance 201
10 Relaxation in Rate of Interest for Educational Loans for 213
family members of our Bank’s Employees.
11 Draft Undertaking for Assignment of Future Income 215
12 Skill Loan Schemes 216
13 Scheme Document of National Skill Certification and 220
Monetary Reward
14 Skill Loan Application 229
15 Scheme Notification of National Credit Guarantee Trustee 233
Company Ltd. (NCGTC) for Credit Guarantee Fund Scheme for
Education Loans (CGFSEL) for Education Loans
16 Eligibility Criteria of National Credit Guarantee Trustee 248
Company Ltd. (NCGTC)for Guarantee Cover for Education
Loans
17 Scheme Notification of National Credit Guarantee Trustee 249
Company Ltd. (NCGTC)for Credit Guarantee Fund Scheme for
Skill Development (CGFSSD) for Skill Loans
18 Eligibility Criteria of National Credit Guarantee Trustee 265
Company Ltd. (NCGTC) for Guarantee Cover for Skill Loans
19 Guidelines for 1% Interest concession for servicing monthly 266
interest on regular basis (Applicable to Education Loans
sanctioned prior to 01.10.2013.)
(Concession withdrawn w.e.f. 01.10.2013)
20 Letter from Applicants for Sanction of Education Loan before 268
submission of From I-20/equivalent document issued by other
countries
21 Application to be obtained from Applicant /Co-applicant for 269
transfer of Loan Account (in case of Regular Full time
Courses)
22 Application to be obtained from Applicant /Co-applicant for 270
Signing the Documents at Branch B (Branch which is in close
proximity to the permanent residence of parent/at the place
of posting/service of the parents, where the Loan account is
proposed to be transferred subsequently)
23 Application to be obtained from Applicant for transfer of Loan 271
Account
(in case of Executive Development Programmes (Part
Time/Weekend/Online Programmes)
24 Finacle Codes for Education Loan Schemes 272
25 Higher Education and Skill Development Guarantee Scheme 273
for pursuing higher education in Delhi
26 Bihar Student Credit Card 282
27 Acknowledgement format to be obtained from Applicant/Co- 297
applicants and Guarantor for extending the benefit of
additional moratorium,
28 Job card for Revised RBI guidelines on Restructuring and 298
Asset Classification of Education Loan Accounts.
29 IBA Model Educational Loan Scheme 303
30 Guidance Notes on IBA Model Educational Loan Scheme 312
31 IBA Model Skill Loan Scheme 319
32 Job card for “EDULOANM” Menu for lodgment of Interest 323
Subsidy Claims
33 Draft Format of income certificate for Education Loan 330
Interest Subsidy
34 Agreement for availing of interest subsidy under the Central 331
Sector Scheme of Interest Subsidy
35 Audit Certificate for CSIS 334
36 Income Certificate issuing authority in various Sate / union 335
Territories for CSIS
37 Frequently Asked Questions (FAQs) received from Indian 337
Bank’s Association (IBA)
38 Branches mapped to Premier Institutions in India 341
39 Branches mapped to Frankfinn Centres 360
40 Branches mapped to Hughes Global Centres 365
41 Branches mapped to Times Professional Learning Centres 373
Annexure 1.
Following circulars have been consolidated in this circular;
Sr. Circular NO. Issue date Particulars

1. BCC:BR:108:612 01.12.2016 Master Circular
2. BCC:BR:108:622 22.12.2016 Merging Baroda Career Development Loan Scheme
(Education Loan) with other regular Education
Loan Schemes.
3. BCC:BR:108:632 29.12.2016 To Increase the upper loan limit up to Rs. 25.00
Lac for Medical Education under Baroda Gyan Loan
Scheme.
BCC:BR:109:75 31.01.2017 Focused Approach for Canvassing Quality Business
under “Baroda Education Loan Schemes – Minimum
One Loan per Branch up to 31.03..2017
4. BCC:BR:109:126 08.03.2017 Empanelment of Digital DSAs for sourcing of
mortgage backed Education Loan applications for
Overseas Studies (www.gyandhan.com and
www.eduloans.co.in)
5. BCC:BR:109:155 27.03.2017 Modification in certain parameters of Baroda
Education Loans to Students of Premier
Institutions for ePGP programme being offered by
IIM, Ahmedabad through e-Mode.
6. BCC:BR:109:217 29.04.2017 Revised List B of Institutions for Education Loan
(Baroda Scholar)
7. BCC:BR:109:392 04.08.2017 Extending Education Loans for Executive
Development Programmes (Part Time /Weekend
/Online Programmes) being offered by Premier
Institutions in India as listed under List A of “
Baroda Education Loan to Students of Premier
Institutions”
8. BCC:BR:109:393 05.08.2017 Tracking Checklist for Education Loans
BCC:BR:109:481 19.09.2017 Relaxation in Rate of Interest for Educational
Loans for family members of our Bank’s Employees.
9. BCC:BR:109:470 12.09.2017 Education Loan Interest Subsidy – Making Date of
Birth of Student mandatory for lodgment of
claims.
10. BCC:BR:109:475 16.09.2017 Sanction of Education Loans at Branches in the
vicinity of the Premier Education Institute in India
as listed under “Baroda Education Loan to
Students of Premier Institutions”
11.
12. BCC:BR:109:489 22.09.2017 Welfare of SC/ST Students for Educational Loans
13. BCC:BR:109:607 18.11.2017 Extending scope of work for existing empanelled
DSAs and Fresh Empanelment of DSAs for
Educational Loans and Mortgage Loans (Term Loan
Only)
14. BCC:BR:109:640 30.11.2017 Sanction of Education Loans at Branches in the
vicinity of the Education Institute
15. BCC:BR:109:686 28.12.2017 Extending Education Loans for Executive
Development Programmes (Part Time /Online
programmes / Distance Learning) being offered by
Premier Institutions abroad as listed Under
"Baroda Scholar".
16. BCC:BR:110:20 06.01.2018 Reduction in Rate of Interest for Education Loans
for Students of Select Premier Institutions in
India
17. BCC:BR:110:35 12.01.2018 Tie Up with "Frankfinn Aviation Services (P) Ltd."
for providing Skill Loans to their Students, under
regular Skill Loan Scheme
18. BCC:BR:110:80 15.02.2018 Modifications in Bank's Education Loan Schemes.
19. BCC:BR:110:91 20.02.2018 Revised RBI guidelines on Restructuring and Asset
Classification of Education Loan Accounts
20. BCC:BR:110:137 19.03.2018 Guidelines for routing of Education Loan
Application compulsorily through Vidya Lakshmi
Portal (VLP) (a Govt. of India initiative)
21. BCC:BR:110:149 27.03.2018 Tracking Checklist for Education Loans
22. BCC:BR:110:151 27.03.2018 Clarification on Sanction and Disbursement of
Education Loans for Study Abroad.
23. BCC:BR:110:161 31.03.2018 Revised Format of Audit Certificates for
Education Loan Interest Subsidies [Certificate no.
15 (a), 15 (BO and 15 (C)]
24. BCC:BR:110:405 10.08.2018 Education Loans for study abroad: Sanction or
Disbursement of loan towards “Living expenses”
_A Clarification
25. BCC:BR:110:468 14.09.2018 Inclusion of “Indira Gandhi RashtriyaUdaan
Academy” in List A under Baroda Education Loan
to Students of Premier Institutions (LA 159)
Annexure - 2
Bank of Baroda
HEAD OFFICE : MANDVI, BARODA Please paste
a recent
photograph of
student
APPLICATION FORM FOR

Please paste
a recent
photograph of
student
EDUCATIONAL LOAN
EDUCATIONAL LOAN APPLICATION FORM
The Branch Manager,

Bank of Baroda,
______________ Branch,
____________________.
Dear Sir,
I/ my ward have / has secured admission to ________________ course conducted by

_________________School/ University / College/ Institute located at ______________.
For my / his / her education we request you to provide us financial assistance of
Rs_____________(Rs._________________________________________________)
the details of which are as given in this request application.
We undertake to repay the loan in ____________monthly installments beginning

____________months starting after –1- year after the course period or –6- months after
the borrower (student) getting the job.
Please complete all sections in BLOCK LETTERS and tick √ boxes wherever
applicable
(A) PARTICULARS OF THE STUDENT:
Name:_________________________________________________________________
Date of Birth:_________(DD) _______(MM)__________ (YYYY) Age:
Address:_______________________________________________________________
(Overseas address if student going for overseas studies)_________________________
PIN : _______________________
Telephone:____________ Fax:____________________ Mobile No. _______________
Nationality: ___________ Marital Status:_____________ Caste/Religion_____________
Life Insurance Policy details (if any):____________________________
EDUCATIONAL DETAILS : Please enclose mark lists of the examination passed
Examination Institution/University Year Number of Percentage Class Specialisation

from which passed Passing Attempts of marks Obtained if any
SSC
HSC
Degree
Post
Graduate*
Any Other *
• To be specified in the column "Specialisation"

PARTICULARS OF SCHOLARSHIPS / PRIZES WON FOR ACADEMIC DISTINCTION:
Examination Specify the academic distinction Name of the Amount of Duration of

for which the scholarship prize Scholarship Scholarship Scholarship
was awarded Prize Rs.
From To
Any other information (Extra curricular activities and distinction awards received
if any):___________________________________________________________
PARTICULARS OF THE COURSE FOR WHICH THE LOAN IS REQUIRED
Name of the course:___________________________________________________________
University Institution:__________________________________________________________
Course/Institution is affiliated
To/recognized by
Duration of the course:________________________________________________________
Part time / Full time :__________________________________________________________

Correspondence / Distance Education
Expected per month income after completion of the course Rs:_________________________
In case of studies abroad state the details of R.B.I. approval (if necessary). Details of Foreign
Exchange required, Copies of Passport, Visa and other details to be submitted.
PURPOSE OF THE LOAN: (Rs. in '000)

Require Fee Payable Examination Cost of Books/ Caution Other Edu. Lodging Travel Total
ment for to College/ /Library/ Equipments/ deposits/ Exp. /Boarding Exp/ Expen
School/ Laboratory/ instruments building (e.g. Study passage ses
Institution fees /Uniforms fund/ tours, money
refundable projects,
deposit thesis etc.)
1st Year
2nd Year
3rd Year
4th Year
5th Year
Source of finance : Details of Scholarship / Loans / Own Funds

Loan amount Own Sources Scholarship Total
1st
2nd
3rd
4th
5th
(B) GUARDIAN'S / PARENT'S/GUARANTOR'S PARTICULARS: (If guardian & guarantor are

different separte sheet showing these particulars for each to be obtained)
Name :________________________________________________________________
Relationship with Student:_________________________________________________
Date of Birth:_____________ (DD)_______(MM)_______(YYYY) Age :
PAN/GIR No.:_______________. Driving License No:_______________
Passport No(If any) _________________________________

Residential Address (For Correspondence - with proof of residence)
______________________________________________PIN_____________________
Telephone : _______________ Fax:________________ Mobile No. _______________
Permanent Address:_____________________________________________________
______________________________________________PIN:____________________
Telephone : _______________ Fax:________________E-Mail. __________________
Whether residing in Own/Rented Accommodation: Since When residing :
Interest during study period will be serviced - Yes / No
Sex: Male Education : SSC Any Other Information

Female Under Graduate
Marital Status Graduate
Single Post-Graduate
Married Doctorate
Divorced If Professional : Doctor
Widowed Architect
No. of Dependents CA
(Excluding Spouse)
No. of Children MBA
Engineer
Lawyer
Others
If Salaried : If Self Employed / Professional / Business

Name of the Organisation_____________________ Name of the Company________________
Designation Executive Managerial Clerk Office Address______________________
_________________________________
Department PIN_______________________________
Office Address:___________________________ Tel: ____________ Fax:______________
___________________PIN__________________ E-mail:____________________________
Tel: ___________Extn No.______ Fax:________ Business Pvt. Ltd Parnership
Details
E-mail:_________________________________ Proprietorship Others
Working with Govt./Public Public Ltd Established since:_____________________
Sector
Pvt. Ltd Partnership MNC Designation Executive Managerial
Proprietorship Gross Monthly Income:__________________
Working Since:_____Retirement Age:________ Year in Current Business:
>5 3-5 1-3 <1
(Greater) (Less)
Income Details of Parent / Guardian : Any other earning

member in the family
1. Gross Monthly Income Rs
(Proof to be submitted)
2. Net Monthly Income
3. Appr. Monthly house hold expenses
4. Monthly repayment of other loan
amount
5. Net Surplus available
6. Net Income of other family
member/s (Relation with the
(Excluding Co-applicant & student________)
Guarantor)
About Bank Account (including credit facilities if any)
Deposits
Name of the Bank, Type of A/c No. of years Balance Remarks
Branch, Address & & A/c No. account held Outstanding
Telephone No
Loans
Name of the Bank Type of Security When sanctioned Balance Overdues
Branch & Loan & & Repayment Outstanding if any
Telephone No Limit Schedule-Amount
of Installment
Credit Card Details ________________________________

Credit Cards Owned:__________ Card Issuer___________ Other Assets Colour Tv
Card No.______________________________ Refrigerator
Bank of Baroda Account No. _______________ CA/SB Two Wheeler
Since (in Years):__________________________ Cellular Phone
Branch Name:________________________ Computer
Washing Machine
Car
Landed Property
(Details to be submitted)
DECLARATION BY THE APPLICANTS:
1. The particulars furnished above are to the best of my/our Knowledge true and
correct.
2. The advance, if granted, will be utilized for the purpose for which it is granted.
3. I/We hereby authorize the bank to pay the fee and other amounts as may be
payable directly to the institution concerned.
4. I/We undertake to submit the receipt for all the disbursements made from the
loan account.
5. I/We undertake to inform the progress of studies of the student in respect of
education for which loan is applied.
6. I/We shall-keep the bank informed of my activities/Income/Scholarship etc.
during the tenure of the loan.
7. Immediately on securing job by the student, I/We undertake to inform the
employment details.
8. I/We undertake to maintain a Saving Bank Account and /or Deposit Account
with your Bank exclusively.
9. I/We will not / have not borrow/ed from any other Bank or any other source
during the currency of the advance without you prior consent in writing.
10. I/We undertake to meet any contingent expenses to continue the course of
study.
Date : ___________________ Yours faithfully,
Place : ___________________
STUDENT PARENT/GUARDIAN
I am willing to stand as guarantor.

Place : _______________________
Date : _______________________
Signature of the Guarantor/s
Annexure 3.
BRANCH: _____________________________________________ F - 135
PARTICULARS TO BE SUPPLIED BY APPLICANT/Co-APPLICANT/ Directors/Partners/

Prop., Gurantor for ADVANCES
I give below the particulars of my self, my family and my Assessts & Liabilities as at
___________________.
1. Name in Full:
_________________________________________________________________________
2. Date of Birth:______________________________ & Age : _____________
3. Father’s/ Husband’s Name :

______________________________________________________________.
4. Residential Address :
PERMANENT PRESENT
__________________________________ ________________________________________
__________________________________ ________________________________________
__________________________________ ________________________________________
__________________Pin:_____________ ________________________Pin:_____________
5. Telephone Numbers.
Office/Shop : _________________________ Residence: _____________________________
Mobile : _________________________________________
6. Occupation/ Line of Business : _______________________________________
A. If in service :
Name of employer and Address : _______________________________________
_______________________________________
_______________________________________
Designation : _______________________________________
B. If in Business/Professional :
i) Name/s of the firm/company : _______________________________________
and its Address _______________________________________
_______________________________________
ii) Line/s of activities : _______________________________________
iii) Since when established : _______________________________________
iv) In which capacity he/she is : _______________________________________
representing
7. Annual Income : Rs.____________________________________

8. PAN (if an Income Tax Assesses) : _______________________________________
9. Details of Assets :
9.1 Details of immovable properties (held in own name / joint name):
A. Nature of properties (Please tick which ever applicable):
i) Plot of land : _______________________________________
ii) Agriculture Land : _______________________________________
iii) House / Godowns : _______________________________________
iv) Others : _______________________________________
B. Location : _______________________ Survey / House No: ____________________
Area / Locality : __________________________________________________________
Village / Town :_________________________ District : __________________________
C. Property in whose name? : _______________________________________
D. Cost (at the time of purchase) : Rs. ____________________________________
E. Present estimated market value of the property/ies : Rs.____________________
F. Whether encumbered/un-encumbered/partially : ________________________

encumbered/un-encumbered/partially : _______________________________
with whom. Consideration and major terms and conditions.
9.2 Details of movable properties in my name :
A. LIC policies
Policy No. Date of Sum Assured Branch Name Annual Premium Premium Paid
Issuance up to what
Perioid
(1) (2) (3) (4) (5) (6)
---------------------------------------------------------------------------------------------------------------------------
__________________________________________________________________________________
__________________________________________________________________________________
B. Shares/ Debentures etc.
Name of Total No. of Certificate No. Total Amount Whether fully Cur. Market
Company Shares held A/C No. Rs. (Face Value) Paid (yes/No) Value Rs.
C. Term Deposits
FDR/RD/YSJY Date Fvg. Amount Name of Due date Maturity
A/c No. Rs. Bank Branch Value Rs.
D. Investment in Govt. Securities like Bonds/NSC etc.

Bond/Cert- Date of Purchase Issuing Office/Post Amount Due
Maturiy Value
ificate No. Office Add.(including- Rs. Date
Rs.
Mutual Funds)
9.3 Details like Reg. No. type and value of vehicle/s owned by me:
_________________________________________________________________________________
9.4 Capital investment in business. Name of Firm/: _____________________________

Company (As on latest sheet date)
9.5 Full details of other investments if any : ____________________________________

(i.e. Jewellery, Investment in other firm etc.) ________________________________
9.6 Total of all assets (9.1 to 9.5) : Rs._________________________________

10. Details of Loans in individual name/firms Name /Company’s Name :
A. Name/s of the Bank /other Institution and its branch: ________________________
B. Purpose and amount of Loan availed: ____________________________________
C. Security & repayment schedule/rate of interest:_____________________________
D. Present balance outstanding : ____________________________________
E. Liabilities other than to bank and Financial Institution:________________________
11. Other Details

Details of personal guarantee given for any person/firm:_______________________
If so furnish details (i.e. Name of Bank /Institution, on whose behalf amount of
guarantee present status of a/c etc.)
12. (A) Particulars of Legal Heirs :
Sr. No Name Relationship Age Present
Address
(1) (2) (3) (4) (5)
(B) Nomination particulars

Sr.No. Description of Asset Bank/Organisation Accont/certi-
Amount (at
(Bank Dep., Co. Dep., ficate No.
present /at
Terminal Benefits etc.)
maturity)
(1) (2) (3) (4) (5)
In support of my above declaration, I enclose
1. Balance sheet, Profit and Loss Accounts, Trading Account, Capital Account
(audited/unaudited).
2. Copy of employment certificated with details of salary drawn.
3. Copies of agreement/revenue records/society certificates in respect of land/
building/flat owned by me.
4. Copies of Income Tax/Wealth tax returns/ Assessment Order.
13. I declare that.
 I am/I am not (tick as applicable) a Director in ____/any Bank . There is no

litigation against me or the firm/ Co. in which I am the proprietor/ a partner/ a
Director.
 The name of the firm /Co. or the name of the partners/Proprietor/Director of
the firm/ Co. is not the caution list of RBI/ECGC.
 The proprietor/partners/directors of the firm/Co. is/are not the Directors in any
Co-operative Bank.
 I also declare that the above information is complete, true and correct.
Signature of the Applicant/Co-Applicant /Guarantor :

___________________________
Encls:
Place: _____________________
Date: ______________________
Annexure 4.
Checklist of Documents (self-attested) to be submitted along-with duly filled
Education Loan Application Form and Form No. 135
I) Student-applicant:
 Proof of Identity (Any one):
 Proof of Residence/ Address (Any one): Passport mandatory in case of Studies Abroad
 Academic Records:
o 10th Result & 12th Result, Graduation Result- Semester-wise (if applicable)
o Entrance Exam Result through which admission is being taken (e.g. CAT, CMAT, JEE,
NEET, CET, GMAT, GRE, TOEFL, etc.)
 Proof of admission: Offer Letter or Admission Letter from the Institution. Conditional
admission letter may be considered in case of studies abroad.
 Statement of cost of study/ Schedule of expenses
 College / Course prospectus (if available)
 2 passport-size photographs
 A/C statement for last 1 year in case of any previous loan from other Banks/Lenders
II) Co-applicant/Guarantor::
 Proof of Identity (Any one):
 Proof of Residence/ Address (Any one):
 2 passport-size photographs
 A/C statement for last 1 year in case of any previous loan from other Banks/Lenders
III) Income Proof for Salaried Co-applicant/ Guarantor:

 Salary Slip or Salary Certificate
 Copy of Form 16 and IT Returns acknowledged by IT Dept.
 Bank account statement for last 6 months (of Salary Account)
IV) Income Proof for Self-employed Co-applicant/ Guarantor:

 Business address proof (If applicable)
 IT Returns acknowledged by IT Dept., TDS Certificate (Form 16A, if applicable)
 Bank account statement for last 6 months
V) Property /Other Security Documents
VI) Vidya Lakshmi Portal Details
VII) Cheque:
 A non refundable Lump sum amount Rs. 7,500/-+GST per property (towards Advocate
and Valuer charges) to be taken upfront, wherever property is mortgaged
 1.00% of Loan amount (maximum ₹ 10,000/- +GST) to be recovered upfront and
refundable on availment (first disbursement) of loan.
 Processing Charges Cheque (for study abroad) (Refundable on availment of first
disbursement
Annexure 5.
Pre Sanction Inspection Visit Report for Retail Lending
1. NAME OF THE APPLICANT : Mr./Ms/Smt.
2. FATHER’S/HUSBAND’S : Mr.
3 RESIDENTIAL ADDRESS :
4. PURPOSE OF LOAN :
5a) NAME OF THE PRODUCT/

ARTICLE TO BE
PURCHASED
NAME OF THE SUPPLIER :
PRUCAHSE PRICE : Rs. (Inclusive of all
taxes)
5b) GENUINESS OF : a) OVER PHONE NO.

QUOTATION VERFIED b) NAME OF THE PERSON CONTACTED
a) BY PERSONAL VISIT
b) NAME OF THE PERSON CONTACTED
6. DATE OF VISIT :
7. PROOF FOR VERIFICATION OF (  whichever is applicable)
RESIDENTIAL ADDRESS
Ration Card No. Voter ID Card Passport No./PAN Rental Agreement

No. No.
Electricity/Telephone bill (-1- bill Whether residing with parents/relatives
older than 6 months and –1- latest
bill)
Residence is Owned Rented Leased Provided by (  whichever is
Employer applicable)
Place visited with Identification Landmark
8. OCCUPATION OF APPLICANT (GIVE DETAILS)
A) SERVICE BUSINESS
i) Name of Employer Name of the firm
ii) Address Address
iii) Designation Applicants position in the firm

iv) Working Since Established since
v) Employee No. Nature of Business
vi) Whether
confirmed/
probation / or on
contract basis
vii) Phone No. Office Residence Mobile
C) SELF-EMPLOYED & PROFESSIONAL

i) Occupation
ii) Address
iii) Phone No. Office Residence Mobile
9. EMPLOYMENT DETAILS
Details verified by/through
Personal visit to Office on Over Tel.No
Name of person contacted
10. GROSS ANNUAL / MONTHLY INCOME Rs.

Details verified from:
a. Form No.16 (for the financial year ended ……………)
b. Salary Slip (for the month of …………………...)
c. Income tax Return for ………. years (along with original copy of Tax Challan Period
………..)
d. Number of dependants
e. Total annual/monthly deduction Rs:
f. Net annual /monthly income Rs.
11. PRESENT BANKERS

Name of the Branc
Bank h
Type of A/c A/c
No.
Details of A/c verified from Bank Statement/Pass Book (Copy obtained on
record)
Cheque returned – number of times:
12. LOAN OUTSTANDING WITH OUR BANK WITH OTHER BANK

Name of the Branch :
Type of Loan :
Amount Sanctioned : Rs. Rs.
Balance Outstanding : Rs. Rs.
Amount of Overdues ,if : Rs. Rs.

any
Asset Classification :
13. DETAILS OF THE PROPERTY TO BE PURCHASED (to be filled in case of Housing

Loans)
(Loan requested for ()
Purchase of Ready Flat Purchase of Repairs & Take over Construction
land Old House Renovation from Other of house
Bank
Sale Amount : Rs.
Value as per Valuation Report, :
value indicated in the sale deed
may also Abe taken into account.
In case of wide variation,
comments required.
Name of the person representing :
seller contacted & details
verified
Area in Sq.ft. as per sale :
agreement
Whether owner occupied or :
rented or leased out
a. Present stage of constructions:
b. Report / Valuation from Architect / Engineer Yes No

Obtained
c. Nearby landmark for identification:
EAST WEST
NORTH SOUTH
13. COMMENTS OF VISITING OFFICER
Place:________________
_____________________________
Date: _________________ SIGNATURE OF BANK’S OFFICIAL
NAME :
DESIGNATION :
Annexure 6.
CREDIT RATING MODEL :EDUCATION LOAN MODEL (RATING PARAMETERS)
Model- 1 : Educational Loans (Without Security and Without Guarantor)
Sl.No Variable Score Explanation MAX MIN

1 Borrower Age (in years) 15 0
1 0 - less than 18 0
2 from 18 - less than 20 5
4 from 23 & above 15
2 Education level 15 0
Doctorate/Post
1 Graduate/Professionals 15
2 Graduate 10
3 Diploma 0
3 Marital Status 15 0
1 Married 0
2 Single 15
4 Prior work expyrs 15 5
1 < 2 years 5
2 above 2 years but <4 years 10
3 4years & above 15
5 Number of dependents Dependents 10 0
1 Zero 10 should include
2 One 6 dependent
3 Two 4 spouses
4 More than two 0
Relationship of borrower/Parent with
6 Bank 30 0
1 All banking done through Bank 30
2 Good track record 20
3 Short term relationship 10
4 No existing relationship 0
7 Value of course / Job Prospects 45 0
Institute offering the course is
among one of the top institutes in
the country ( For example IIT/IIM
in India) and job prospects of the
1 course type are very good. 45
Institute is of the good quality and
job prospects of the course is also
2 reasonably good. 20
Institute has good reputation
locally and the course type has
3 average job prospects. 10
Very poor job prospects and not
very good reputation of the
institute.
4 0
8 Stability of Income of Parents 12 -8
Income has been steadily increasing
1 over the last 3 years 12
Income has been almost the same
Income has been unstable over the
3 last 3 years 0
Income has been steadily
4 decreasing over the last 3 years -8
9 Parent's Net worth to Loan Ratio 25 0
From
1 from 0 - less than 0.5 0
2 from 0.5 - less than 0.75 15
3 from 0.75 - less than 1.00 20
4 from 1.00 & above 25
In case of more
than one
guarantor, use
sum of
numerator by
sum of
denominator
method to
Fixed Obligations to Income Ratio of determine
10 Parent FOIR 20 0
From
3 from 0.5 to less than 0.70 5
Sum 202 -3
Grade and cut-off score for Model No.1:
Education loan Model -1
Score Grade
0-70 ELA-10
71-85 ELA-9
86-95 ELA-8
96-100 ELA-7
101-105 ELA-6
106-110 ELA-5
111-120 ELA-4
121-130 ELA-3
131-140 ELA-2
141-202 ELA-1
Cut-off score is 96 and investment grade is ELA-7
Model-2 : Educational Loans (Without Security & With Guarantor)

From
2 from 18 less than 20 5
4 from 23 & Above 15
Doctorate/Post
2 Graduate 10
3 Diploma 0
1 Married 0
2 Single 15
1 < 2 years 5
3 4years & above 15
5 Number of dependents Dependents should 10 0
1 Zero 10 include dependent
2 One 6 spouses
3 Two 4
4 More than two 0
Relationship of borrower/Parent
6 with Bank 30 0
the country (For example
IIT/IIM in India) and job
prospects of the course type are
1 very good. 45
Institute is of the good quality
and job prospects of the course is
2 also reasonably good. 20
4 institute.
0
1 increasing over the last 3 years 12
Income has been unstable over
3 the last 3 years 0

From
1 from 0 to less than 0.5 0
In case of more
than one
guarantor, use sum
of numerator by
sum of
denominator
Fixed Obligations to Income Ratio of method to
10 Parent determine FOIR 20 0
From
If Guarantor is available.
11 Stability of Income of Guarantor 12 -8
12 Guarantor's Net worth to Loan Ratio 25 0
From
In case of more
than one
guarantor, use sum
of numerator by
sum of
denominator
13 Guarantor determine FOIR 20 0
From
4 from 0.7& above 0
Sum 259 -11

Score Grade
0-95 ELB-10
96-110 ELB-9
111-125 ELB-8
126-135 ELB-7
136-140 ELB-6
141-145 ELB-5
146-150 ELB-4
151-155 ELB-3
156-165 ELB-2
166-259 ELB-1
Cut-off score is 126 and investment grade is ELB-7
Model- 3: Educational Loans (With Security and with Guarantor)

From
Doctorate/Post
2 Graduate 10
3 Diploma 0
1 Married 0
2 Single 15
1 < 2 years 5
3 4years & above 15
2 One 6 spouses
3 Two 4
4 More than two 0
Relationship of borrower/Parent
6 with Bank 30 0
the country ( For example
1 very good. 45
Institute is of the good quality
and job prospects of the course
2 is also reasonably good. 20
4 institute. 0
From
3 from 0.75 - less than 1.00 20
In case of more
than one
guarantor, use sum
of numerator by
sum of
denominator
From
If Guarantor is available.
11 Stability of Income of Guarantor 12 -8
12 Guarantor's Net worth to Loan Ratio 25 0
From
3 from 0.75 - less than 1.00 20
4 rom 1.00 & above 25
In case of more
than one
guarantor, use sum
of numerator by
sum of
denominator
13 Guarantor determine FOIR 20 0
From
2 from 0.3 less than 0.5 10
If Security has been provided.
Percentage of fin collateral to total
14 collateral 20 0
1 from 75% & above 20
2 from 50% to less than 75 % 10
3 Less than 50% 0

Price volatility (to be scored for > Only one of these
15 75% Liquid securities only) three parameters
1 Highly volatile 15 (15, 16, 17 i.e, Price
2 Somewhat volatile 25 Volatility/ Price
3 Stable 45 Volitility&
Price volatility & Marketability (to Marketability /
be scored for 25 - 75% Liquid Marketability can
16 securities only) be scored for a
Liquid securities Highly or borrower based on
somewhat volatile & Immovable the level of liquid
collateral with low or average vs immovable
1 marketability 15 collateral
If Liquid securities between 50- provided).
75% & Liquid securities highly or
somewhat volatile but Immovable
2 collateral with high marketability. 0
If Liquid securities between 50-
75% & Liquid securities stable
but Immovable collateral with low
3 or average marketability. 25
If Immovable collateral between
50-75% & Immovable collateral
with high marketability but Liquid
collateral highly or somewhat
4 volatile. 25
with low or average marketability
5 but Liquid collateral stable. 0
Liquid securities stable &
Immovable collateral with high
6 marketability 45
45 0
Marketability (to be scored for >
17 75% of Immovable collateral only)
1 Low 15
2 Average 25
3 High 45
Amt of Security
18 Coverage provided by collateral over Loan amount 40 0
From
Sum 364 -11

Score Grade
0-145 EL-10
146-160 EL-9
161-175 EL-8
176-180 EL-7
181-185 EL-6
186-190 EL-5
191-195 EL-4
196-205 EL-3
206-215 EL-2
216-364 EL-1
Cut-off score is 176 and investment grade is EL-7
Model- No-4: Educational Loans (With Security and without Guarantor)
Sl
. Scor MA MI
Variable Explanation
N e X N
o
From
Doctorate/Post
2 Graduate 10
3 Diploma 0
1 Married 0
2 Single 15
1 < 2 years 5
2 2 years and above but <4 years 10
3 4years & above 15
2 One 6 spouses
3 Two 4
4 More than two 0
RELtionship of borrower/Parent with
6 Bank 30 0
3 Short term rELtionship 10
4 No existing rELtionship 0
the country ( For example
1 very good. 45
Institute is of the good quality and
job prospects of the course is also
2 reasonably good. 20
4 institute. 0
Income has been unstable over the
3 last 3 years 0

From
3 from 0.75 - less than 1.00 20
In case of more
than one guarantor,
use sum of
numerator by sum
of denominator
1 Fixed Obligations to Income Ratio of method to
From
Security
1 Percentage of fin collateral to total
1 collateral 20 0
1 from 75% & above 20
2 from 50% to less than 75 % 10
3 Less than 50% 0
1 Price volatility (to be scored for > 75%
2 Liquid securities only)
1 Highly volatile 15
2 Somewhat volatile 25
3 Stable 45
1 Price volatility and Marketability (to

3 be scored for 25 - 75% Liquid
securities only)
Liquid securities Highly or
somewhat volatile & Immovable
collateral with low or average
1 marketability 15
75% & Liquid securities highly or
somewhat volatile but Immovable
2 collateral with high marketability. 0
75% & Liquid securities stable but
Immovable collateral with low or
3 average marketability. 25
with high marketability but Liquid
collateral highly or somewhat
4 volatile. 25
50-75% & Immovable collateral Only one of these
with low or average marketability three parameters
5 but Liquid collateral stable. 0 (Price Volatility,
Liquid securities stable & Price Volitility and
Immovable collateral with high Marketability &
6 marketability 45 Marketability can
be scored for a
1 Marketability (to be scored for > 75% borrower based on
4 of Immovable collateral only) the level of liquid 45 15
1 Low 15 vs immovable
2 Average 25 collateral
3 High 45 provided).
1 Amt of Security
5 Coverage provided by collateral over Loan amount 40 0
From
Sum 307

Score Grade
0-122 EL-10
123-135 EL-9
136-148 EL-8
149-152 EL-7
153-156 EL-6
157-160 EL-5
161-164 EL-4
165-173 EL-3
174-181 EL-2
182-307 EL-1
Cut-off score is 149 and investment grade is EL-7
Annexure 7.
Vidya Lakshmi Portal (A Government of India initiative)
‘Vidya Lakshmi’ is a first of its kind portal for students seeking Education Loan. This
portal has been developed under the guidance of Department of Financial Services,
(Ministry of Finance), Department of Higher Education (Ministry of Human Resource
Development) and Indian Banks Association (IBA). The portal has been developed and
being maintained by NSDL e-Governance Infrastructure Limited (hyperlink to the
information of NSDL e-Gov). Students can view, apply and track the education loan
applications to banks anytime, anywhere by accessing the portal. The portal also provides
linkages to National Scholarship Portal.
The 'digital age’ service facility enables the students to apply, track and get the
feedback / responses from the bank through the site itself. The students can scan and
upload the documents that are to be submitted as per the requirement of the bank's
scheme. After receiving the application, the student will be invited for personal
interaction and further proceeding with the processing of the Education loan.
Features of Vidya Lakshmi Portal:
Vidya Lakshmi Portal provides single window for Students to access information and make
application for Educational Loans provided by Banks and Govt Scholarships. It has the
following features:
i. Information about Educational Loan Schemes of Banks.
ii. Common Educational Loan Application Form for Students.
iii. Apply to multiple Banks for Educational Loans.
iv. Facility for Banks to download Students Loan Applications.
v. Facility for Banks to upload loan processing status.
vi. Facility for Students to email grievances/queries relating to Educational Loans to
Banks.
vii. Linkage to National Scholarship Portal for information and application for Govt.
Scholarships.
Submission of applications by students/applicants through ‘Vidya Lakshmi’ Portal:
1) The applicant must register and login to Vidya Lakshmi portal

http://www.vidyalakshmi.co.in
2) Fill-up the Common Education Loan Application Form (CELAF) by providing all the
necessary details and uploading the scanned images of the details asked for.
3) After filling the form, the applicant can search for Educational Loan and APPLY
as per his/her needs, eligibility and convenience.
4) Once the application process is completed, the status of the application can be
viewed from the Application process menu.
5) The following are the possible update status in the Application process menu:
1: Submitted (by default –will be shown to the student)
2: In Process (by default – while parking in the Loan Tracking System)
3: Prima Facie Eligible
4: Rejected
5: Need More Info
6: Sanctioned
7: Disbursed 8: Closed
6) Where ever additional details/documents are sought by the branch, the student
should furnish the same.
7) Students can email grievances/queries relating to Educational Loans to Banks
through the portal.
The screen shots of the ‘Vidya Lakshmi’ Portal is attached here.
Tracking for applications by Branches through Bank’s ‘Loan Proposal Tracking System’
and updation of status of applications.
The applications submitted by the students/applicants through ‘Vidya Lakshmi Portal’ can
be tracked by the Branches/ Regions/ Zones through Bank’s ‘Loan Proposal Tracking
System’. Bank has now integrated the ‘Vidya Lakshmi Portal’ with our ‘Loan Proposal
Tracking System’. The Branches have to update the status of applications through ‘Loan
Proposal Tracking System’.
The Loan Proposal Tracking System’ will be accessible by branches using the URL
http://taxes.bankofbaroda.co.in/loantrack/ in Finacle PCs as advised vide Circular
No.BCC:BR:107/136 dated 23.03.2015.
Role of Branches:
1) The list of applications submitted to the branch will be displayed in the ‘Loan
Proposal Tracking System’ under separate sub heading “Vidya Lakshmi Loan
Proposals’. Branch should click on the ‘Update Proposals’link to verify the loan
particulars and requirement.
2) All the details entered by the candidate in the Common Education Loan Application
Form (CELAF) in the Vidya Lakshmi Portal would be displayed for scrutiny at the
branch level.
3) The branch should download all the details and the files submitted by the
applicant and verify the eligibility of the student for the loan applied.
4) After verification, if the branch requires further details, the following steps are
to be taken:
a. Contact the applicant by email/ telephone and seek further details/
documents required, if any.
b. Update the status of loan application on every stage.
5) After collecting all the required information/ personal interaction, the response
status should be updated appropriately.
6) Following are the possible response update status:
01 - Submitted
Students will be shown default status of application as “Submitted”.
02 - In Process
If the application file is successfully downloaded with all the supporting
document attachment.
After this status, Branch can update the status to ‘Prima Facie Eligible’/
‘Rejected’/ ‘Need More Information’/’Approved’/’Disbursed’/’Closed’
03 - Prima Facie Eligible

If the application file and all the supporting documents are as per Bank’s
requirement and no further details are required from the applicant, then
Branch can update the status as ‘Prima Facie Eligible.
After this status, Branch can update the status to ‘Rejected’/ ‘Need More
Information’/’Approved’/’Disbursed’/’Closed’.
04 - Rejected
If the Bank rejects the loan application, due to any reason, then Branch can
update the status as ‘Rejected’ with reason for rejection.
After this status, Branch can update the status to ‘Closed’ only.
05 - Need More Information

If the application file and all the supporting documents are not as per Bank’s
requirement and further details are required from the applicant, then Branch
can update the status as ‘Need More Information’.
After this status, Branch can update the status to ‘In Process’/ Prima facie
eligible’/ ‘Rejected’/’Approved’/’Disbursed’/’Closed’.
06 - Sanctioned
After sanction of the loan, the branch can update the status as ‘Sanctioned’.
Along with the status, sanction date and sanctioned amount are mandatory
After this status, Branch can update the status to ’Disbursed’/’Closed’.
07 – Disbursed
Branch can update the status as ‘Disbursed’ after actual disbursement of
amount to student. Along with the status, disbursement date and
disbursement amount are mandatory.
After this status, Branch can update the status to ’Closed’.
08 - Closed
This is the final status. No other status is allowed after this status.
The updated status of the applications, on every stage, as done by the branches in the
‘Loan Proposal Tracking System’, will be get updated in the ‘Vidya Lakshmi Portal’ by the
Retail Banking Department, BCC.
Please note to adhere to the time norms prescribed by the Bank in processing the
Education Loans applied through the Vidya Lakshmi Portal and promptly update the status
in the ‘Loan Proposal Tracking System’.
The timely processing of the loan application and the response status updated in the
Vidya Lakshmi Portal is monitored by MoHRD, Government of India.
The portal also provides option for the students to view the status of their application
and report grievances through the portal, which will also be monitored by MoHRD,
Government of India
The user manual for view/ update status of applications and generation of reports by
Branch/ Regions/ Zone users through ‘Loan Proposal Tracking System’ is attached as .
The above procedure will comes into force with immediate effect.
Since the students can apply for Education Loans to -3- Banks simultaneously through
‘Vidya Lakshmi Portal’, it is required to take a quick decision on the applications and to
update the status immediately by the Branches. Further, since ‘Vidya Lakshmi Portal’ is
a Government of India initiative and the status of the loan applications is also being
shared with IBA, Ministry of Finance and Ministry of HRD on periodic basis, Branches
should process the Education Loan applications within the stipulated time frame.
USER MANUAL – VidyaLakshmi Portal
(a)Tracking for applications by Branches through Bank’s ‘Loan Proposal Tracking

System’ and updation of status of applications.
This document shows the steps involved in processing and viewing reports of
VidyaLakshmi Loan Proposals in ‘Loan Proposal Tracking System’.
1. Login into LoanTrack System using URL:

http://taxes.bankofbaroda.co.in/loantrack/ with HRNes credentials of the user:-
2. VidyaLakshmi Loan Proposals is visible on the left hand side:-
3. Click on Update Proposals Menu:-
The below screen is shown on clicking Update Proposals Menu.
4. Click on Select Button beside any proposal:-
The above panel listing the details of the Proposal becomes visible below the grid
on the screen
At the bottom a link to view the related documents is also present as shown in the
screen below:-
Click on the link to view the documents submitted for the selected proposal.
5. If no documents are submitted then below screen is visible:-
6. If documents are submitted the below screen is shown:-
The document can be saved in pdf format by clicking on the button as shown in
the screen above.
7. Select a proposal status and click on Update Proposal button:-
After selecting the status and filling the required fields click on Update
Application button. The pop-up message appears and the status of the proposal is
updated.
8. Click on Proposal Reports menu to generate reports:-
9. Select the filters and click on Download Report button:-
The report is generated and can be exported in excel format by clicking on
“Export To Excel” button as shown in the screen above.
(b) Screen shots of Vidya Lakshmi Portal for students to apply for Education Loans
to Various Banks.
The applicant must register and login to Vidya Lakshmi portal.
and then After filling the form, the applicant can search for Educational Loan and APPLY
as per his/her needs, eligibility and convenience.
After registration, the applicant can search for Educational Loan and APPLY as per
his/her needs, eligibility and convenience.
The applicant has to fill-up the Common Education Loan Application Form (CELAF) by
providing all the necessary details.
Students are required to complete sign up process to register on Vidya Lakshmi portal.
Only Students who have completed "Sign up" / "Registration" process can apply for
educational loan through Vidya Lakshmi portal.
 The Bank will update the status of the application on Vidya Lakshmi portal.
Students can view the status of the application on the applicant's dashboard on
the portal.
 A student can apply to a maximum of three Banks through Vidya Lakshmi portal..
Annexure 8.
Tracking Checklist for Education Loans (To be updated for all EL A/cs at the time
of Annual Review)
A/c No. :
Name of Student :
Name of Co-applicant :
Name of Guarantor/s and relationship :
with student
Sanctioned Date and Amount :
Outstanding Amt. as on ___________ :
Overdue Amt. as on _____________ :
Date of Birth of Student :
PAN No. of Student :
PAN No. of Co-applicant :
AADHAR No. of Student :
AADHAR No. of Co-applicant :
Passport No. of Student (Compulsory :
in case Baroda Scholar)
Email Address of the Student :
Mobile No. Of Student :
Mobile No. of Co-applicant :
CIBIL Score :
Education Loan Scheme :
Course Name :
Name of Institution :
Date of execution of Loan Documents :
Date of creation of EM with details of :
property
Date of last LAD taken :
Details of Disbursements:
No Yea Date of Amt of Previous % Remarks
r Disb. Disb semesters/years of
Progress card/Mark list ma
obtained rk
Yes/No
Yes/No
Yes/No
Yes/No
Contact details of the college
Date of completion of Course
If course completed, whether Mark
list & Certificate obtained.
Placement details of the Student
after course completion
Repayment schedule (after No. of EMIs Amount EMI EMI Start
Moratorium) date
Subsidy Eligibility 1 Regular ELIS scheme

2 New CSIS scheme (since closed)
3 Padho Pardesh
4 Dr. Ambedkar Subsidy Scheme
5 NOT ELIGIBLE
Subsidy claims details
Year Date of Amount Date of credit of subsidy Amount of
claim of in a/c credit
Claim
Whether covered under any Yes/No. If yes name of scheme:

Guarantee cover scheme
Latest communication address &
Date of last contact with
borrower/student.
Whether the student now employed.
If yes, details of employment.
Other Details /Remarks :
Date of updation of checklist :
Name of officer :
EC No. :
Signature :
 During the updation of check list the Branch should contact the borrower/
student for obtaining the present status of studies /employment of student.
Annexure 9.
GROUP CREDIT LIFE INSURANCE FOR EDUCATION LOAN BORROWERS
Bank of Baroda is having tie-up arrangements with M/s. IndiaFirst Life Insurance Co. for
providing Life Insurance Cover to our Education Loan borrowers.
This is an optional Scheme of Life Insurance and is at the cost of borrower which may
be funded by the Bank at the time of sanction and is recoverable with the EMIs of the
Loan.
The Scheme is available for existing Education Loan accounts also, where flat
cover/reducing cover is provided for outstanding balance in the account as on the date
of obtaining cover and for remaining tenure of the loan. In such cases borrowers are
required to pay the amount of premium from their own sources upfront and no finance is
available from the Bank.
The IndiaFirst Life has separate policy to cover new Education Loans (Reducing Cover)
and to cover existing Education Loans (Flat cover), if the existing borrower is interested
to cover his loan under reducing cover, he can avail the same under reducing cover.
The salient Features of the Group Credit Life Policy offered by M/s.IndiaFirst Life
Insurance Co. as under:
 It is an optional scheme for the benefit of Education Loan borrowers and the
borrower will be guided on this by the branch staff.
 It is a group insurance scheme, which protects against unforeseen consequences of

death, accidental death or total permanent disability of the borrower.
 Family of the borrower is not required to repay the loan to the extent of claim
settled amount, in case of death, accidental death or total permanent disability of
the borrower.
 Outstanding cover amount due, will be paid by IndiaFirst Life as per the cover
schedule.
 Slippage of the account into NPA category due to death, accidental death or total
permanent disability of the borrower can be avoided.
 Life cover is available against payment of one time premium and amount of premium
is based on the age of the borrower, amount of loan, Interest rate and tenure of
the loan.
 Premium amount for obtaining the cover can be financed as part of loan at the
request of borrower and accordingly EMI will be calculated.
 Premium amount may be part of the Loan as per total eligibility of the borrower may
be funded by the Bank at the time of sanction and is recoverable with the EMIs of
the Loan.
 In case of foreclosure of loan, the member has the option to continue the cover till
the end of term or a certain portion of premium paid shall be refunded by IndiaFirst
Life as per the surrender value formulae, which is given below:
Reducing Term Cover Level Term Cover
Surrender 70% X Single Premium X { 1 – M / P } X 70% X Single Premium X { 1 – M / P }

{ Current SA / Original SA }
Value
Where M = Elapsed months since Where M = Elapsed months since
inception & P = Cover term in months. inception & P = Cover term in months
 Claim in the event of death, will be settled as per cover schedule and excess amount
deposited over the stipulated schedule, if any, shall be refunded to the nominee of
the borrower.
 Enjoy a hassle free claim settlement process.
 Co-borrower can be covered on payment of premium to IndiaFirst Life. Co borrower

can be covered either on first claim basis or on loan amount percentage share basis
 Member also has the option of availing Moratorium Period of upto 7 years
DETAILED FEATURES OF THE SCHEME:
This is a Single Premium product with following features-
Age at Entry: Minimum - 14 years
Maximum - 70 Years
Maximum Ceasing Age: 76 years (Cover will cease once member attains this age)
Age: Age is defined as the age of the member on his/her last birthday (as per English
Calendar) immediately before the date of commencement of cover for that member.
Term: Equal to loan term subject to Minimum of 2 years and maximum of 30 years
Life Cover: Outstanding (O/s) principal loan amount at the time of death as per the Cover
Schedule provided by IndiaFirstLife.Any shortfall in coverage of amount due to
increase in interest rate, restructuring of account or overdues in the account have
to be borne by the claimants / legal heirs of the borrower only and such shortfall
will not be the liability of Insurance provider.
Cover Options:the following cover types are available on offer
1. Life Cover
2. Life Cover + Accidental Total Permanent Disability
3. Life Cover + Accidental Death
4. Life Cover + Accidental Total Permanent Disability + Accidental Death
Sum Assured types:Sum Assured can be either Level Term Cover or Reducing Term
Cover
Life assured: Life assured is the loan borrower/s of who has / have been given the cover
under the plan.
Policy Contract: Will be in the name of BOB
High Sum Assured Discount: Available as per below table
Sum Assured For Reducing Term Cover For Level Term Cover
Premium Paying greater that equals Discount rate as a % on Discount rate as a %
Options to (Rs) premium rate on premium rate
Single Premium 3,00,00,000 1% 4%
Joint Borrowers: Joint borrowers are covered as follows:
First claim basis (100% of Loan) Loan share percentage

Extent of  Each of the joint borrowers  Each of the joint borrowers
cover is insured for 100 per cent of is insured up to his/her share
the outstanding loan amount. of the loan as mentioned in
the membership form
Documents to be obtained from the borrower:

The following documents are necessarily to be obtained from the borrower and be kept
safely with the Loan documents which may be required to be submitted with the death
claim form in case of death of the insured borrower:
1. Consent cum Authorisation Form
2. Declaration of Good Health form duly filled and signed by the insured borrower
3. Documentary proof of Date of Birth
4. NOC from the joint borrower/s in case of joint accounts
Role of BOB as Group Manager:
The Bank will act as Group / Manager or Nodal Agency for and on behalf of members in
all the matters relating to the scheme and every act done by, agreement made with and
notice given to the insurance provider by the Bank / Group Manager shall be binding on
the member borrowers. The group Manager / Bank shall furnish to Insurance Provider
the relevant data /particulars of the members as and when required in connection with
the administration of the scheme through MIS format as enclosed. This may include
Health Status (DOGH), Evidence of Age and Risk Coverage, Exclusions if any and
termination of assurance Cover
Benefit to the Borrower / Family:
 Shield against future liabilities on account of natural / accidental death or

disability of the borrower.
 The family members of borrower are relieved from financial hardship due to
immediate payment of dues under the loans.
 Hassle free process to join the scheme.
 There is no immediate extra financial burden on the borrower to pay the premium
as the same can be financed by the bank and a very small increase in the EMI
accordingly.
Cover Commencement:
The cover shall commence from the date of premium payment with Bank of Baroda. The
cover commencement date for borrowers under the medical category will commence once
the underwriting decision is communicated by IndiaFirst Life to BOB. This Date shall not
be earlier than the Policy Effective Date or the actual commencement date of the loan
with the Policyholder, after its approval, whichever is later.
All the medical costs will be borne by Insurer.
In case medical facilities are not available, IndiaFirst Life shall arrange for a home visit
for the client and the cost for the same will be borne by IndiaFirst Life.
Scope of the Policy and Persons Covered:
This Group Credit Life Insurance Scheme covers the loan borrowers who have attained
the age of 14 years and who have been granted Education Loan by Bank of Baroda against
the payment of premium.
Cover will be available against the submission of Simple Declaration /Declaration of Good
health (DOGH)as being done hitherto and all existing formats to be used for the
purpose or to undergo medical tests and to submit a Medical Questionnaire provided by
Insurance Provider depending upon amount of cover and age of the borrower.
Premium – Calculation and Payment thereof:
 Premium is one time premium.
 Premium will be payable in advance for the loan amount and tenure of loan
Premium shall be calculated as per premium calculator table provided by IndiaFirst Life.
Issue of Certificate of Insurance:
Certificate of Insurance (COI) along with the Cover Schedule (CS) shall be provided by
the IndiaFirst Life for all members accepted in the cycle on receipt of premium.
Certificate of Insurance (COI) is available from IndiaFirst Life Insurance also through
a web link http://www.indiafirstlife.com/DAP/iflUser.htm?role=4
Claim settlement in the Event of Death:
In the event of death of a customer, the claim amount shall be the outstanding cover as
per cover schedule on the date of death. The concerned branch must intimate the insurer
over email id about any death under the scheme within 3 months from the date of death
having occurred with all supporting documents required for processing the claim. Claim
Form provided with our earlier circulars referred above by the respective insurance
providers shall be utilized for Car Loans and Personal Loans also. MIS in respect of
Claims shall be submitted as being done hitherto.
The following documents shall be submitted along with Claim Form:

a) Copy of COI with CS
b) Original DOGH.
c) Photocopy of the self attested age proof
d) Original death certificate issued by Municipal or other Competent Authority
Last attending doctor’s certificate stating the exact cause of death
(In case original death certificates cannot be provided for any reason, copy of death
certificate duly attested by the branch manager shall be furnished)
e) Letter from the policy holder i.e. Bank of Baroda and Declaration from nominee
f) Nominee relating proof and photo id proof
g) If death has occurred in a hospital, all case history papers.
h) If the death is due to an accident or any other unnatural cause:
 A certified copy of the FIR filed with the Police authorities.
 A certified copy of the Post Mortem Report/Autopsy Report.
 A certified copy of the Driving License, if death occurred while driving.
The claim can be lodged at the concerned branch and the branch in turn will inform to
insurer and comply with further documentation requirements as mentioned in the policy
contract.
Alternatively, the claims can be lodged at IndiaFirst Life Insurance office at the
following address, within the above-mentioned time limits:
INDIAFIRST LIFE INSURANCE
Group Operations
IndiaFirst Life Insurance Company Ltd.
301, B wing, The Qube,
Infinity Park,
Dindoshi – Film City Road,
Malad East, Mumbai 400097
e-mail address
claims.support@indiafirstlife.com
Exclusions in the coverage:
Any claim arising as a result of the said member under the policy committing suicide
(whether being a sane or insane at such time) within one year of commencement of
his/her cover will be disallowed.
Premature Payment of Loan:
In case of prepayment of loan, certain portion of the premium for the unexpired term
shall be refunded to the borrower. Information in this regard shall be submitted as being
done hitherto.
Procedure to be adopted at Branch Level:
 This is an optional scheme for the Loan borrowers to have life insurance cover
where one time premium is paid by availing loan from the Bank repayable in EMIs
along with normal EMIs of the Loan.
 Branch has to obtain Consent cum Authorization Form from the borrowers for
obtaining the Group Insurance Cover as per draft enclosed - Annexure – 1(B).
 Branches will be required to obtain Declaration of Good Health (DOGH) or

Medical Questionnaire and Medical Test as the case may be from the member
borrower for cover amount as per prescribed formats.
 Copy of Declaration of Good Health (DOGH) or Medical Questionnaire and

Medical Test as the case may be from the borrower should be kept on record
for future reference.
 Branch to maintain a record of members covered under the Insurance Plan

detailing Date of Start of Cover, Name of Borrower, Amount of Insurance, Date
of Birth, Period, Date of expiry of Cover, Premium amount Paid and date of credit
in Insurance Co.’s A/c, Transaction Reference No. All this information will be
required to be provided in MIS to be submitted to Insurer by the branches
through their Regional Offices in the format as per existing practices.
 Branches shall deposit the Premium Recovered from the borrower to the following
accounts:
 A/c No. 12470200000937 of IndiaFirst Life
As the case may be, on the very day of first disbursement of the loan.
 Premium is to be calculated as per Premium Calculator of IndiaFirst Life
 On joining the Scheme, a Confirmation of application shall be issued by the

Collecting Branch to the borrower, duplicate of which should be preserved for
future reference as being done hitherto.
 In the event of death of a member, the Branch will be required to obtain a letter
of information from the nominee, to fill a simple claim form being used presently
and forward the same along documents as detailed under the head “Claim
Settlement in case of death”.
 After receipt of claim cheque by the branch, the amount of claim shall be utilized
for liquidating the Loan a/c of the deceased. If the sum exceeds the outstanding
loan, excess sum shall be paid by the branch to the nominee of member concerned.
In case, the claim amount falls short to liquidate the loan amount, the balance
amount shall be required to be liquidated by the guarantor / legal heirs of the
borrower.
INDIAFIRST LIFE DATA FLOW AND ISSUANCE PROCESS OF BANK OF BARODA
Process flow –
 BDM enters data on PTS and attach Member form. Additionally, ECS mandate in
case of Regular/Limited Premium.
 Branch credits the premium from customer LAN no or saving account no.
 Group ops download the data of PTS and uploads the data in Group Asia.
 Member form is uploaded on Omnidocs.
 Scrutiny team checks the member form and PTS entered data. Also, checks
completeness of the member form.
 Members with Matched data with correct premium received are issued.
 Scrutiny team raises the CFR details in Group Asia and same is captured on the
Dashboard.
Medical Process: -
BDM knows the medicals required from the PTS calculator/PTS entry and same can be
seen on the Dashboard.
 BDM fills and forwards LTRF form to TPA who in turn fixes the medicals with the
customer.
 Customer goes for Medicals.
 Medicals get uploaded on omnidocs.
 Underwriting team checks the reports, member form and System and provides
the decision.
 Standard decision cases get issued and reflected on dashboard as Issued.
 Group operations passes the decision/CFR in the Group Asia and same gets
reflected on the dashboard.
Clarification/assistance by Insurance Co
 For any clarification / assistance, you may contact
M/s. India First Life Insurance:

BDM & GH of India First mapped to Branch
Toll Free No. : 18002095700
For escalation:
Mr. Sandeep Srivastava : 9820329964
: Srivastava.sandeep@indiafirstlife.com
List of valid age proofs:
 Birth Certificate
 School / College Leaving Certificate, provided – it specifies Date of Birth, States

that Date of Birth is extracted from School / College Records, Stamped and
signed by College / School
 Passport
 Driving license
 PAN Card
 Ration Card, which specifies the Date of Issue of the Ration Card and the Date
of Birth or Age of the Life to be Insured
 Election ID card (also called voters ID) issued by the Election Commission of
India can be accepted as valid age proof provided it was issued at least 2 years
before the date of the insurance proposal.
 Extract from service register in case of:

 Government and semi-government employees
 In case of defense/central government/ state government personnel, identity

card issued respectively by the defense department /central government/ state
government to their personnel showing, inter alias, the date of birth or age
 Marriage certificate in the case of Roman Catholics issued by Roman Catholic

Church
 Domicile certificate in which the date of birth stated was proved on the strength
of the school certificate or birth certificate.
Draft Consent - cum - Authorization Form for Group Insurance Scheme
The Chief / Sr./ Branch Manager

__________________________
Dear Sir,
Re: Application for membership of _________________________Scheme
1. I, Mr/Mrs. ______________________________________________________
have obtained a sanction for availing the Education Loan, hereby give my consent
to become a member of the IndiaFirst Life Group Insurance Scheme, which will be
administered by Bank of Baroda as Group Manager.
My details are as below:
Name (in capitals): Shri / Smt. / Kum ___________________________________

Date of Birth : __________________(DD/MM/YYYY)
Age (as on last Birthday) as on date ___________ years
Limit sanctioned Rs. ______________EMI Rs.____________
Insurance cover obtained for Rs. _____________________
(Cover to be obtained for limit sanctioned limit)
Premium Amount :Rs.______________________
Rate of Interest :_________________ Loan Term:_______________
2. I hereby authorize you to debit my Loan account No. _____________________

a sum of Rs. _____________ (Rupees____________________________ only)
with your branch towards the one time single premium.
* The same can be recovered from my Savings Account No. ___________

* Please include the premium amount as part of the Loan amount and fix
up the Equated Monthly Installments (EMIs) accordingly and debit the
premium from my loan account.
Strike out which ever is not applicable.
3. I agree that in the event of my unfortunate demise during the pendency of the loan,
India First Life Insurance will be sole authority to consider the claim.
IndiaFirst Life may settle the claim amount as per their rules to the extent of the
outstanding schedule of indebtedness as on the anniversary preceding the death,
in favour of the bank. These benefits will be utilized towards the liquidation
of the loan amount under the loan provided by the bank. In the event of any surplus
arising out of the benefits settled by Insurer after liquidating the outstanding
amount, I nominate
Sh./Smt./Kum_____________________________________________________
______
who is my____________________ (relationship) as the nominee to receive such
surplus amount.
4. I agree to pay the full premium at inception even though the full loan amount will be
disbursed by the bank only in phases.
5. I agree to abide by the terms and condition of the above scheme.
6. I agree to your conveying the above particulars regarding my admission into the
group insurance scheme to IndiaFirst Life.
No Objection Certificate from co-borrowers (if any) :
I/We, 1.______________________________
2.__________________________________ do not have any objection to
Sh./Smt.___________________________
a) Joining the Group Insurance Scheme mentioned above and

b) One time single premium being debited to the Education Loan Account.
( )
Signature of the borrower
Place:
Date:
Annexure 10.
Relaxation in Rate of Interest for Educational Loans for family members of our
Bank’s Employees
In terms of existing guidelines, the family members of our Bank’s employees are eligible
to avail the educational loans as per the scheme guidelines applicable to the general
public.
It has now been decided to allow Rate of Interest i.e. 1 Year MCLR + Strategic Premium
(SP) for Educational Loans for family members of our Bank’s Employees across all
education loan product variants, irrespective of loan amount, subject to the following
terms & conditions;
 Family members would include Son / Daughter, Step Son/Daughter, Legally

adopted Son /Daughter and Spouse
 It would be applied only when the Employee stands either as Co-applicant or

Guarantor in education Loan along with his/her family members.
 All Existing Education Loan A/cs with our bank, where Employee is either a Co-
applicant or a Guarantor may be eligible to migrate under the proposed scheme to
avail reduced ROI with immediate effect.
 All Existing Education Loan A/cs with our bank, where employee is neither
standing as Co-applicant nor Guarantor may also avail the benefit of concessional
rate, provided Employee offers his Personal Guarantee for the said loan with our
Bank. (Personal Guarantee is sought as it will not attract closure of existing A/c
and opening fresh A./c)
 Loans availed by Employees (currently in service) from other Banks or Financial

Institution can be taken over, irrespective of whether an employee is /is not a Co-
applicant/ Guarantor in loans availed from other Banks or Financial Institution,
provided the Employee would stands as Co-applicant /Guarantor for Loan at our
Bank.
 It will be applicable for all variants of Education Loans (Secured/Unsecured) and

will be applicable with immediate effect. No retrospective benefit is to be given.
 All other parameter of respective loan schemes except ROI will remain
unchanged.
 It would be applicable only to the Employees who are in service at the time of
Change in Existing A/cs / Fresh Sanction / Take over.
 No review to be undertaken about the repayment capacity at the time of

retirement of the staff, as the Education Loan is primarily expected to be repaid
out of the future earnings of students, though the employee would continue as
Co-applicant /Guarantor.
 An application from the Employee, in this regards should be obtained and kept
on record. The effect should be given form the date of such application.
 It would be applicable only in cases of Education Loan Accounts, where the

attached Cust ID belongs to the Employee (who would stand either as Co-
applicant or Guarantor) and E.C. No of the concerned Employee is punched in
the system.
In case of any anomalies in the Cust ID, the same should be rectified first
before granting the said relaxation of Rate of Interest.
 There will not be separate Finacle Code for this relaxation and Branches to
continue to use the respective Scheme Code only.
Annexure 11.
DRAFT UNDERTAKING FOR ASSIGNMENT OF FUTURE INCOME

For loan exceeding Rs. 4 lacs only (To be stamped as agreement)
Place :__________ & Date :
The Branch Manager
Bank of Baroda
_____________
Dear Sir / Madam,
Re: Educational LoanA/c _________________________
In consideration of Bank of Baroda____________________ Branch, having sanctioned

and granted to Mr/Miss/Mrs__________________ Aged_______ years presently
residing at __________________________________________ a loan of
Rs._____________________________________(Only) for educational purpose, we
the following together with the said Mr/Miss/Mrs ____________________ hereby
agree/undertake/assure and assign as parents/guardians/relative/others (as the case
may be ) all and singular of my/our right title and interest in all and every
sum/income/monies or claims for the aggregate value of
Rs.____________(Rupees___________________________ only) together with
interest as computed and charged on the said amount by the Bank from time to time that
may be received/earned or accrued to/or for the benefit of the said
Mr/Miss/Mrs_______________________ in future for recovery by the Bank in
satisfaction of dues of the Bank payable by the said Mr/Miss/Mrs
______________________ by way of salary, professional income, business income,
scholarship, grant future rent, book debt or any other income so however that this
assignment shall be treated and construed as a first charge on such income, monies,
receipts or claims as may be earned / received or granted to the said
Mr/Miss/Mrs._______________________.
We also undertake/assure and agree to inform the Bank of such earnings or accrual as
may be due to the said Mr/Miss/Mrs________________________ in future together
with the name and address of the Employer, Grantor or Debtor of the said
Mr/Miss/Mrs________________________ as also the address with all details of the
said Mr/Miss/Mrs________________________ in future.
Yours faithfully,
_________________(Borrower)
_________________(Parents)
_________________(Guardian)
_________________(Relative or Friend)
Annexure 12.
SKILL LOAN SCHEME- Guidelines
1. INTRODUCTION:
Given a huge thrust on skill development in recent years, a need is felt to provide
institutional credit to individuals for taking skill development courses aligned to National
Occupations Standards and Qualification Packs and leading to a
certificate/diploma/degree by the Training Institutes as per National Skill Qualification
Framework (NSQF). Thus, “Skill Loan Scheme” has been developed to support the
national initiatives for skill development.
2. OBJECTIVE:
Skill Loan Scheme (herein after called ‘Skilling Loan’)aims at providing a loan facility to
individuals who intend to take up skill development courses as per the Skilling Loan
Eligibility Criteria.
3. APPLICABILITY OF THE SCHEME:
This scheme is applicable to all member banks of IBA and any other banks and financial
institutions as may be advised by the RBI. The scheme provides broad guidelines to the
banks for operationalizing the skilling loan scheme and the implementing bank will have
the discretion to make changes as deemed fit. The scheme may also be applicable to
Microfinance Institutions (MFIs) and other financial institutions regulated by RBI.
4. ELIGIBILITY CRITERIA:
4.1 Training Institutes: 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.
4.2 Training Courses: Courses run by above mentioned Training Institutes aligned to
National Skill Qualification Framework(NSQF) shall be covered by the Skill Loan.
There is no minimum course duration.
4.3 Nationality : The applicant should be an Indian National
4.4 Minimum Age: There is no specific restriction with regard to the age of the student
to be eligible for skilling loan. However, if the student is a minor, while the parent
executes documents for the loan, the bank will obtain a letter of
acceptance/ratification from him / her upon attaining majority.
4.5 Minimum Qualification: As required by the enrolling institutions/organizations as

per NSQF.
4.6 Know your customer (KYC) norms: Aadhar number will also be considered as a valid
proof for KYC norms in addition to other identity and address proof as determined
by respective banks/ lending institutes
5. QUANTUM OF FINANCE:
Loans will be in the range of Rs. 5,000/- to Rs. 150,000/-. The estimated per month fees,
based on sector & NSQF level, will be available with the NSDC. Skill loan could be availed
by beneficiaries of other grant/reward based Government schemes for skill training to
cover the cost of such skill training not covered under such grant/reward.
6. EXPENSES CONSIDERED FOR LOAN:
6.1. Tuition / course fee. Banks shall pay such tuition / course fee directly to the Training
Institute.
6.2. Any other reasonable expenditure found necessary for completion of the course
including but not limited to assessment fee, Examination fee, Library charges,
Laboratory fee, Caution deposit, Purchase of books, equipment’s and instruments. (As
such courses are localized boarding, lodging may not be necessary based on the cost
of living in the particular area. However, wherever it has been found necessary, the
same could be considered on merit).
7. MARGIN:
The banks/MFIs can charge a nominal margin money as down-payment from the student,
to keep the student serious about the course. However, the down-payment and the
amount paid as Interest during the course (Clause11) together should not exceed 10% of
the total course amount.
8. RATE OF INTEREST: 1 Year MCLR + 1.50%
o Servicing of interest during Study Period and Moratorium Period shall be at the
option of the borrower.
o In case, interest is serviced during the study period and Moratorium period,
concession of 1% in interest rate for entire tenure of loan shall be provided.
o For girl students, an incentive in the form of 0.50% Interest Concession shall be
provided as being provided under our Education Loan Product.
o The effective rate of interest should not go below the Base Rate at any instance
(with or with out concessions if any).
9. PROCESSING CHARGES:
No Processing fee will be charged.
10. SECURITY:
No collateral for such skilling loan will be taken. Banks have option to apply to the
National Credit Guarantee Trust Company Ltd (NCGTC) for credit guarantee against
defaults and NCGTC will provide such guarantee at nominal guarantee fee which shall not
exceed 0.5% of the amount outstanding. Such credit guarantee cover will be for a
maximum of 75% of the outstanding loan amount (including interest, if any). In special
cases such as the North Eastern region (NE) and Left Wing Extremism (LWE) affected
areas the percentage may be increased on the discretion of NCGTC. Banks may like a
diversion on whether to pass on levy of guarantee fee to the borrower or not.
11. MORATORIUM PERIOD:
In order to instill repayment behavior and get some commitments from the students, the
bank may have installment during the course period itself. However, the total amount
paid by the student as down-payment (Clause 7) and EMI during the course together
should not exceed 10% of the total course value.
However, it is advised that the banks consider moratorium for specific courses or certain
sections of the students. Upon completion of the course, repayment will start after a
moratorium period as indicated below:
Courses of duration upto 1 upto 6 months from the completion of the course
year
Courses of duration above 12 months from the completion of the course
1 year
12. REPAYMENT:
The loan will have a tenure as follows:

Loans upto Rs. 50,000 - Upto 3 years
Loans between Rs. 50,000 to Rs. 1 lakh - Upto 5 years
Loans above Rs. 1 lakh - Upto 7 years
13. INSURANCE:
Optional at the requirement of the borrower.
Borrower can avail insurance cover under the existing scheme of Group Credit Life
Insurance scheme for Education Loans in tie up with M/s.India First Insurance and
M/s.Kotak Life Insurance.
14. PREPAYMENT:
The borrower can repay the loan any time after commencement of repayment without
having to pay any prepayment charges. In case a student is not able to complete the
course because of accident/death/disability the bank can seek a pro-rata reimbursement
of the unfinished portion of the course amount from the training institute. This will
reduce the loan burden on the student.
15. Bank Mitra:
Services of Bank Mitra may be used by the Banks to popularize the scheme. Such Bank
Mitra will work as a bridge between bank, training institute and trainee/ loan aspirants.
However, at no point of time can a training institute or an entity with a significant stake
in training (students of which will get the loan) be involved as Bank Mitra. Training
institutes and lending architecture (entities and people down to the last mile) should be
kept at arm's length to avoid any moral hazard or miss-selling of the loan scheme. A bank
employee or its bona fide agency representative should necessarily meet the student to
explain the loan details.
Annexure - 13
Scheme Document of
National Skill Certification and Monetary Reward
1. Objectives
The objective of this Scheme is to encourage skill development for youth by providing monetary
rewards for successful completion of approved training programs. Specifically, the Scheme aims
to:
 Encourage standardization in the certification process and initiate a process of creating
a registry of skills
 Increase productivity of the existing workforce and align the training and certification to
the needs of the country.
 Provide Monetary Awards for Skill Certification to boost employability and productivity
of youth by incentivizing them for skill trainings
 Reward candidates undergoing skill training by authorized institutions at an average
monetary reward of Rs. 10,000 (Rupees Ten Thousand) per candidate.
 Benefit 10 lakh youth at an approximate total cost of Rs. 1,000 Crores.
2. Background
The Finance Minister in his Budget Speech of 2013 proposed a scheme to encourage skill
development for youth by providing monetary rewards for successful completion of approved
training programs. Excerpts from the Finance Minister’s speech are presented below:
“A large number of youth must be motivated to voluntarily join skill development

programmes. I propose to ask the National Skill Development Corporation to set the
curriculum and standards for training in different skills. Any institution or body may offer
training courses. At the end of the training, the candidate will be required to take a test
conducted by authorized certification bodies. Upon passing the test, the candidate will
be given a certificate as well as a monetary re ward of an average of 10,000 per
candidate. Skill-trained youth will give an enormous boost to employability and
productivity. On the assumption that 10,00,000 youth can be motivated, I propose to
set apart 1,000 crore for this ambitious Scheme. I hope that this will be the trigger to
extend skill development to all the youth of the country.”
Accordingly, this Scheme is hereby implemented to achieve the stated objectives.
Page 1 of 9
Last Revised: 10-September 2013
3. Key Features
The broad contours of the Scheme are given as below:
3.1 This Scheme shall be implemented through Public-Private and Public-Public

partnerships.
3.2 Definitions of terms and expansions of acronyms used in this document are listed in
Annexure 1.
3.3 NSDC will be the implementing agency for this Scheme.
3.4 National Skill Development Fund (NSDF) Trust shall monitor the implementation of
the Scheme, using mutually agreed criteria with NSDC.
3.5 The Scheme will provide monetary incentives for successful completion of, market-
driven skill training to approximately ten lakh youth in in a span of one year from the
date of implementation of the scheme.
3.6 All trainings will be specifically oriented for developing skills in specific growth
sectors.
3.7 Assessment and training bodies for all purposes of the Scheme will be separate and
no overlap of roles will be allowed to maintain transparency and objectivity.
3.8 The monetary reward will be wholly funded by the Ministry of Finance, Government
of India, and will be affected through direct bank transfer to the beneficiaries’
accounts. For facilitating the smooth disbursement as prescribed under the scheme,
the entire money along with the additional implementation fund will be transferred
to National Skill Development Fund for further utilization by NSDC.
3.9 Appropriate consideration will be provided to the economically backward sections.
4. Strategy & Approach

4.1 Eligible Sectors and Job Roles
a) While the Scheme is intended to cover all job roles in all sectors, it will initially
cover only a limited number of high-market-demand Job Roles in specified
economic sectors from Levels 1 to 4 in the NSQF.
b) National Occupational Standards (NOSs) and Qualification Packs (QPs) for these
roles will be prepared by the respective SSCs, and will constitute 80% of the entry-
level workforce in priority sectors.
4.2 Training Content and Eligible Providers
a) To ensure that benefit is extended only to the trainees taking courses which are
aligned to NOSs and QPs for eligible Sectors and Job Roles, a select list of training
institutions to offer these courses will be approved for the purposes of this
Scheme.
Page 2 of 9
b) All institutions, government or private (who, during the last two years, have been
selected by any State Government or any Ministry of the Government of India to
implement any Government funded or sponsored Scheme), or are NSDC partners,
shall be deemed to be part of the approved list of training providers under this
Scheme. All such deemed approved training providers will need to get each
training course they propose to offer, aligned to NOS and QPs of various eligible
job roles corresponding to Levels 1 to 4 as designed by SSCs.
c) Those training providers, who have no prior affiliation with any government
institution or NSDC, will go through a pre-screening process of the SSCs according
to an Affiliation Protocol prepared by NSDC/SSC.
d) The willingness of a training provider to permit trainees to pay part of their fees
after the monetary reward has been received, shall be considered while approval
is granted for such training provider to be part of the Scheme.
e) No fees shall be charged by the SSCs for the approval process of training providers
at Para 4.2 (b) above, for each Courseware aligned to a job role. Charges will be
applicable only for training of trainers and their assessments. The fees to be
charged by SSCs for the training providers as at para 4.2(c) will be determined in
due course.
f) The list of all the training providers in the skill development space that have been
associated with any government institution shall be available on the NSDA
website.
g) The list of all the training providers in the skill development space that are NSDC
partners, and those that are pre-screened as per Para 4.2 (c) above shall be
available on the NSDC website in addition to the QPs, NOS, Approved Sectors and
Job Roles.
h) Training programs will be for a minimum of 30 days duration and will include
training on social skills like health, hygiene, communication skills etc. It will be
ensured that assessments are planned by SSCs only after completion of the
training. The duration of training may also include On the Job training, Internships
etc. if required.
4.3 Assessment and Certification
a) No entity that is engaged in providing training under this Scheme shall be eligible
to be approved as an assessment and certification agency.
b) All assessment agencies will be pre-screened and approved by the SSCs and their
details updated on the SDMS.
c) Initially a select set of assessment agencies with national presence, selected as
assessment agencies with Central/State Govt. and having demonstrated ability to
assess the eligible training content w.r.t NOS and QPs, will be selected by SSCs.
Later the Scheme would be made open to all eligible assessment agencies.
Page 3 of 9
d) In due course, any institution or body offering assessment services can apply to
work with specific SSCs, for designated NOS and QPs for eligible sectors and job
roles.
e) All assessments will conform to assessment guidelines laid down by the concerned
SSC for each QP. Any candidate can undergo assessment any number of times for
qualifying for a particular job role, at any approved assessment agency. A
candidate has to undergo formal training as a prerequisite for assessment.
f) Assessment Fees charged to candidates for each assessment will be capped as
follows:
i. Courses aligned to shop floor job roles in manufacturing – maximum Rs. 1,500
ii. All other Courses – maximum Rs. 1,000
g) Maximum Registration and approval fees to be charged by the SSCs for the
approval process of assessment agencies are available in Annexure II.
4.4 Eligible Beneficiaries
In line with the objectives stated above, this Scheme is applicable to any candidate of
Indian nationality who:
a) undergoes a skill development training in an eligible sector by an eligible training
provider as defined above;
b) is certified during the span of one year from the date of launch of the scheme by
approved assessment agencies as defined above;
c) is availing of this monetary award for the first and only time during the operation
of this Scheme.
The Scheme is currently meant only for candidates availing themselves of skill
development trainings from eligible providers.
4.5 Monetary Awards
a) The banking network will be used for direct transfer of the funds to the candidates
/ training provider. The reward corpus will be placed with a nodal bank in each
District in consultation with the Indian Banks Association that will then create a
consortium to ensure disbursement of the amount into the account of the
beneficiary/ies. Details of such Banks in each district would be given wide publicity
on relevant websites.
b) Monetary Award for Certification is as follows:
Sectors NSQF Levels 1 & 2 NSQF Levels 3 & 4
Manufacturing Courses Rs. 10,000 Rs. 15,000
Service & Other Sectors Rs. 7500 Rs. 10,000
Page 4 of 9
c) Each category would have pre-defined number of awards. The numbers for each
category will be decided by NSDA in consultation with NSDC.
d) In order to enable the financially disadvantaged to use the reward money to fund
a part of the training cost, the training providers will allow candidates to pay some
amount of the course fee after receipt of the monetary reward. At the time of the
enrollment for the course, the trainee will have to pay some part of the course fee
(to be decided separately), so that the candidate has a sustained interest in the
e) A Complaints / Grievance cell for this Scheme would be set up which shall include
representatives of the SSCs, the NSDC and the NSDA. The first level of redress
would be the Governing Council of the relevant SSC and a second level would be
the NSDA.
4.6 Evaluation and Monitoring
a) Skill Development System (SDMS) will have the central repository of data which
can be utilized by various stake holders to monitor this Scheme.
b) All agencies, like SSCs, training institutions, assessment agencies etc. will have
access to SDMS to maintain a central repository of training data.
c) Independent evaluation of the Scheme will be done by the NSDA based on agreed
criteria with NSDC.
5. Process for availing the benefits of the Scheme
5.1 The candidate can enroll in any course from the list of registered courses in specified
high demand sectors. The candidate can pursue the course with any of the approved
training providers.
5.2 The candidate needs to intimate the training providers that he/she intends to
participate in the Scheme. The details of the student shall then be entered in to the
SDMS database along with the UID/NPR number (if neither is available, the mobile
number of the candidate), and contact details. The training provider will facilitate the
enrolment of the candidate in UIDAI/NPR Scheme and update the mobile number
with the UID/NPR number.
5.3 Candidates from economically disadvantaged sections will be allowed to pay initial
fees equal to the difference between the training cost and the reward money they
are eligible for. In such cases the candidate can authorize payment of the reward
money to be directly transferred to the training provider after the candidate
successfully passes the assessment. Bank account details of such candidates shall be
mandatorily taken at the time of registration, or at the time of opening of account.
5.4 After completion of the training, the candidate may get assessed by any of the
approved assessment agencies as specified in 4.3 above.
Page 5 of 9
5.5 The details of the assessments are captured on SDMS and forwarded to the
concerned SSC electronically.
5.6 The assessment agency, in association with SSCs, will award a secure certificate with
a QR bar code for successful completion and assessment of a course through the
SDMS. The certificate will be electronically verified using a CAM device and linked to
UID/NPR number of the candidate.
5.7 If the candidate has successfully completed a course which is already being certified
by agencies other than SSCs in the existing market scenario, such as universities,
school boards, NCVT, SCVT, internationally recognized certification agencies etc.,
SSCs shall work with these institutions for reward of dual certification for the course.
5.8 The certification fees shall be paid by the candidate to the assessment agencies as
defined in 4.3 (f) above.
5.9 The award and issue of the certificate will be captured in SDMS.
5.10 After successfully meeting all eligibility criteria as specified in 4.4 above, the
candidate shall be eligible for the monetary reward.
5.11 After verification of the secure certificate by the approved training provider and
updation of SDMS, NSDC will instruct the bank to credit the candidate’s bank account
directly. Alternately the award money may also be paid as A/C payee bank draft in
the name of the beneficiary.
5.12 Where the fees have been paid in part, the training provider will be paid by NSDC
through a direct bank transfer.
5.13 Once the monetary reward is given under the Scheme and the candidates’ record has
been updated on SDMS, no further payment will be made using the secure
certificate.
Page 6 of 9
Annexure 1
Definitions
a) NSDA – The National Skill Development Agency (NSDA) is an autonomous body,

constituted by the Government of India and subsumes the erstwhile National
Council on Skill Development (PMNCSD), the National Skill Development
Coordination Board (NSDCB) and the Office of the Adviser to PM on Skill
Development (OAPM). The NSDA will anchor the National Skills Qualifications
Framework (NSQF) and will facilitate the setting up of professional certifying
bodies in addition to the existing ones.
b) NSDC – The National Skill Development Corporation (NSDC) has been instituted to
foster private sector initiatives in skill development. It is a Private Public
Partnership (PPP) organization with representatives of Government and Industry
Associations on its Board.
c) SSCs – Sector Skill Councils (SSCs) are industry-led bodies, who would be
responsible for the defining the skilling needs, concept, processes, certification,
accreditation of their respective industry sectors. The SSCs shall prescribe the
NOSs and QPs for the job roles relevant to their industry, and shall work with the
NSDA to ensure that these are in accordance with the NSQF.
d) NSQF – The National Skill Qualification Framework (NSQF), would be a descriptive

framework that organizes qualifications according to a series of levels of
knowledge, skills and aptitude. These levels are defined in terms of learning
outcomes i.e., the competencies which the learners must possess regardless of
whether they were acquired through formal, non-formal or informal education
and training. It is, therefore, a nationally integrated education and competency
based skill framework that will provide for multiple pathways both within
vocational education and vocational training and among vocational education,
vocational training, general education and technical education, thus linking one
level of learning to another higher level to enable a person to acquire desired skill
levels, transit to the job market and return to skill development to further upgrade
their skill sets.
Page 7 of 9
e) NOSs – National Occupational Standards (NOSs) specify the standard of
performance an individual must achieve when carrying out a particular activity in
the workplace, together with the knowledge and understanding they need to
meet that standard consistently. Each NOS defines one key function in a job role.
In their essential form, NOSs describe functions, standards of performance and
knowledge/understanding.
f) QPs – A set of NOSs, aligned to a job role, called Qualification Packs (QPs), would
be available for every job role in each industry sector. These drive both the
creation of curriculum, and assessments. These job roles would be at various
proficiency levels, and aligned to the NSQF.NOSs and QPs for job roles in various
industry sectors, created by SSCs and subsequently ratified by appropriate
authority, would be available online and updated from time to time.
g) SDMS – The Skill Development Management System (SDMS) has been developed
and maintained by the NSDC.
Page 8 of 9
Annexure II
Maximum Registration and Approval Fees to Be Charged by SSCs to Assessment Agencies
S.No Cost Head Cost (Rs)
1. Visit by SSC Team to Assessment Agency
(a) Application Fees – One Time 10,000
(b) Visit Fee for spread over two to three days - Annual 40,000
 Compliance Check
 Document Checks
 Alignment check to database and test of
reporting runs
Total 50,000
2. Train the Assessor Fee per candidate/ Course 10,000
Page 9 of 9
Annexure 14.
APPLICATION FORM FOR SKILL LOAN SCHEME

(Note Please read through the application form carefully before filling in)
1. Student's Name in Full (beginning with Surname):
___________________________________________
2. Date of Birth__________________ Age
_______________Nationality__________________
3. Aadhar No. (If Available)
___________________________________________________
4. What is the Student doing at
present?________________________________________
5. Particulars of the Course
Applied_______________________________________________
6. Minimum Eligibility of Course
__________________________________________________
7. Student Information
a) Academic Qualification
b) Is the applicant attending any other school/
college or Institute at present? If so,
furnish full particulars.
c) Whether the student has any working
experience? If yes, please give details.
d) Whether the student will take up any part-
time employment during study? If yes,
please give details.
8. Particulars of Course
Sl. Particulars Details

a) Proposed Skill course
b) Duration of Course (in Months)
c) Whether Full Time or Part Time course
d) Name and address of the training institute in
which the student intends to join.
e) Affiliation of approved the course Please choose and specify the

a) School selected affiliation of the
b) University/College course.
c) ITI/Polytechnic
d) NSDC approved training partner
e) SSC training partner
f) Affiliated to Central Government Body
g) Affiliated to State Government Body
h) Other (Please Specify)
f) Has the student been admitted into the above
training institute or accepted for the Course?
If so, certified copy of admission/ acceptance
Letter should be attached
9. Details of fee requirement
a) Tuition Fee of the course:
_______________________________________________________
b) Hostel , Mess expenses:
________________________________________________________
c) Essential Books, stationery and equipment
_________________________________________
d) Any other
expenses_____________________________________________________
_______
e) Total Fee
____________________________________________________________
________
f) Fee already paid by
student______________________________________________________
g) Net required Loan Amount:
______________________________________________________
10. Father’s/ Guardian’s Financial Status/ Family Particulars (If Minor)
a) Father's Name in Full (beginning with Surname)
_____________________________
b) Guardian's Name (To be filled in if father is not
alive)_________________________
c) Present Age of
Father/Guardian__________________________________________
d) Relationship of Guardian
_________________________________________________
e) Address of Father
IGuardian____________________________________________
____________________________________________________________
____________________________________________________________
______________________________
f) Occupation (Give Full
Particulars)___________________________________________
g) Since when in present
occupation__________________________________________
h) Income Per Month (Primary source)
______________________________________
i) Income from other sources
(Pleasemention)_______________________________
j) Particulars of Assets Held
andValue________________________________________
Declaration
I/We hereby declare that the information furnished against the foregoing items is true
to the best of my/our knowledge. I/Wemake this declaration knowing that on the faith
and strength of the information furnished herein, the application will be considered by
the Bank. I/Wehave read the terms and conditions and agree to abide by them.
_______________________ _________________________
Signature of Father/ Guardian Signature of Student
(In case of Minor)
Place -
Date -
Annexure - 15
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 243] NEW DELHI, THURSDAY, SEPTEMBER 17, 2015/BHADRA 26, 1937
मानव संसाधन िवकास मंालय

(उच
चतर
तर िश
ा िवभाग)
अिधसूचना
नई दली, 16 िसतबर, 2015

सं. 18-
18-1/2013-
1/2013-यू.5 (खंड III)
III) – िननिलिखत योजना सभी संबंिधत क जानकारी हेतु कािशत क जाती है:
अयाय-I

ता
तावना
1. योजना का शीषक और आरंभ होने क ितिथ
(i) यह योजना िश!ा ऋण हेतु $े िडट गारंटी िनिध (सीजीएफएसईएल) के +प म. जानी जाएगी।
(ii) यह योजना भारत सरकार 1ारा अिधसूचना क ितिथ से लागू होगी।
(iii) इस योजना क अिधसूचना क तारीख को या इसके प7चात् सं8वीकृ त कए गए नए िश!ा ऋण इस योजना म.
शािमल कए जाने हेतु पा; हगे जो इसक िननिलिखत अपे!ाएं पूरी करते ह।
2. ऋण सीमा
इस योजना के तहत अिधकतम ऋण सीमा 7.5 लाख +पये है िजसके िलए कसी समथ<क ितभूित और तीसरी पाट>
गारंटी क आव7यकता नह@ है। तथािप, िनिध, जब कभी अपेि!त होगा, ऋण सीमा म. संशोधन कर सकती है।
3. !याज दर
सद8य ऋणदा;ी सं8थाA 1ारा िश!ा ऋण हेतु भाBरत क जाने वाली Cयाज दर, जो आधार दर से सालाना 2%
से अिधक न हो, सीजीएफएसईएल के अंतग<त शािमल क जाए। तथािप, िनिध चिलत Cयाज दर Dयव8था, ऋणदा;ी
सं8थाA क आधार दर और भारतीय Bरजव< बEक क $े िडट नीितय को Fयान म. रखते Gए ऐसी सीमा म. समय-समय पर
संशोिधत कर सकती है।
3965 GI/2015 (1)

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4. मा"जन
4 लाख +पये तक शूJय
4 लाख +पये से अिधक: भारत म. अFययन के िलए 5%
िवदेश म. अFययन के िलए 15%
5. प$रभाषाएं
इस योजना के योजनाथ< –
(i) ‘‘चू का अिभाय – दा; उधारकता< के ऋण खाते(त) म., खाते के एनपीए बनने क तारीख को, या दावा
‘‘चूक रािश’’
रािश’’
आवेदन करने क तारीख को, जो भी पहले हो, जमा Cयाज समेत बकाया ऋण क रािश, या अJय कोई ऐसी रािश िजसे िनिध
1ारा अिधकतम ‘गारंटी कवर’ के अFयधीन गारंटी कवर के िव+L कसी दावे के िलए अिधमाJयता देने हेतु िविनMदNट कया
गया हो, से है।
(ii) ‘‘आधार ऋणदा;ी सं8थाA के िलए इसका अिभाय उस आधार दर से है जो उस ऋणदा;ी सं8था 1ारा समय-
‘‘आधार दर’’
दर’’
समय पर भारतीय Bरजव< बEक के दशा-िनदOश के अनुसार उसी कार घोिषत क गई हो िजसके आधार पर ऋण के िलए
अनुयोRय Cयाज िनधा<Bरत कया जाएगा।
(iii) पा उधारकता’’’’ से अिभाय भारतीय राNSीयता वाले नये या मौजूदा उधारकता< से है जो ‘‘भारत और िवदेश म.
‘‘
उUचतर िश!ा ाVत करने से संबंिधत’’ आईबीए मॉडल शैि!क ऋण योजना’’ के तहत िनधा<Bरत पा;ता मानदंड को पूरा
करता है और उसने िश!ा ऋण लेने के िलए ऋणदा;ी सं8था के साथ ऋण द8तावेज िनNपादत कए ह। माता-िपता/संर!क
सह-उधारकता</संयुXत उधारकता< हगे । िववािहत DयिY के मामले म., संयुXत उधारकता< पित-पZनी या माता-िपता/सास-
ससुर भी हो सकते हE।

(iv) समथक ितभूित’’ का अिभाय ऐसी ितभूित से है जो उधारकता</सह-उधारकता< को उसक [िYगत बाFयता के
‘‘
अितBरXत दान क गई है।

(v) िश(ा ऋण’’
‘‘ ऋण’’ से अिभाय - ऋणदा;ी सं8था 1ारा ‘आईबीए मॉडल शैि!क ऋण योजना’ के अनुसार उUचतर िश!ा
हेतु पा; उधारकता< को बतौर ऋण दी गई कसी िवZतीय सहायता से है।

(vi) से अिभाय - भारत सरकार 1ारा 8थािपत उस िश!ा ऋण $े िडट िनिध से है िजसका उ]े7य उन िश!ा
‘‘िनिध
‘‘िनिध’’
िनिध’’
ऋण म. चूक के िव+L भुगतान क गारंटी देना है जो उस सद8य ऋणदा;ी सं8था (सं8थाA) (एमएलआई) 1ारा पा;
उधारकता<A को दए गए हE।
(vii) ‘‘गारं
‘‘गारं टीदाता’’
ीदाता’’ से अिभाय बEक को 8वीकाय< एक DयिY से है, जो उधारकता< के ऋण न चुका पाने क ि8थित म. िश!ा
ऋण चुकाने क गारंटी देता है।
(viii) ‘‘गारं से अिभाय है - ऋणदा;ी सं8था 1ारा दी गई वह $े िडट सुिवधा िजसम. ित पा; उधारकता< को चूक
‘‘गारं टी कवर’’
कवर’’
रािश का अिधकतम कवर (अथा<त् 75%) उपलCध है।

(ix) ऋणदाी संथा(एं)’’ से अिभाय - उन सभी साव<जिनक !े; के बEक, िनजी !े; के बEक और िवदेशी बEक से है जो
‘‘
भारतीय बEक संघ के सद8य हE। ‘िनिध’, िनNपादन क समी!ा करने के बाद, सहकारी बEक/अJय िवZतीय सं8थाA/गैर-बEaकग
सं8थाA को भिवNय म. अितBरXत ऋणदा;ी सं8थाA के +प म. शािमल कर सकती है।
(x) ‘‘िनयत
‘‘िनयत तारीख’’ अिभाय उस तारीख से है िजस तारीख को ऋणदा;ी सं8था 1ारा Jयास को पा; उधारकता< के
तारीख’’ से
संबंध म. तय क गई रािश पर गारंटी शुक देय हो जाता है।

¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
(xi) अनजक प$रसंपि,यां’’’’ से अिभाय उस पBरसंपिb से है जो समय-समय पर भारतीय Bरजव< बEक 1ारा जारी
‘‘
अनुदे श और दशा-िनदOश के आधार पर अनज<क के +प म. वग>कृ त पBरसंपिb है।

(xii) ‘‘योजना
‘‘योजना’’
योजना’’ से अिभाय - िश!ा ऋण $े िडट गारंटी िनिध योजना है।
(xiii) से अिभाय - राNSीय $े िडट गारंटी Jयासी कं पनी से है िजसक 8थापना भारत सरकार 1ारा कं पनी
एनसीजीटीसी
अिधिनयम, 1956 के तहत भारत सरकार 1ारा 28 माच<, 2014 को एक S8टी +प म. क गई थी ताक शैि!क ऋण, कौशल
िवकास ऋण और भारत सरकार 1ारा समय-समय पर िनयत क जाने वाली कJह@ अJय िनिधय हेतु $े िडट गारंटी िनिध का
संचालन हो सके।
(xiv) तhनुसार, सीजीएफएसईएल के संचालन से संबंिधत सभी मामले उXत S8ट िनिध क ओर से एनसीजीटीसी 1ारा
संचािलत कए जाएंगे।
अयाय-II
योजना का (े और सीमा
6. िनिध -ारा गारं टी
i. योजना के अJय ावधान के अFयधीन, ऐसी सद8य ऋणदा;ी सं8था (एमएलआई) 1ारा एक पा;
एनसीजीटीसी,
उधारकता< को दए गए 7.5 लाख +पये तक के िश!ा ऋण के संबध ं म. ितभू होगी, बशतO उस सं8था ने इस योजन के िलए
एनसीजीटीसी के साथ शैि!क ऋण के पुन: भुगतान म. चूक के िव+L गारं टी दान करने के िलए आव7यक समझौता कया
है।
ii. दा;ी सं8था 1ारा इसे भेजे गए कसी 8ताव को 8वीकार या अ8वीकार करने का अिधकार है,
एनसीजीटीसी को ऋण
भले ही वह इस योजना के मानदंड को पूरा करती हो।

7. योजना के अंतगत िश(ा ऋण क पाता
(i) इस िनिध म. आईबीए क योजना के अनुसार पा; उधारकता< को सद8य ऋणदा;ी सं8था (सं8थाA) 1ारा दए गए वे
िश!ा ऋण शािमल हगे िजJह. एनसीजीटीसी के साथ करार करने पर या उसके प7चात् िबना कसी समथ<क ितभूित और/या
तीसरी पाट> गारंटी के दया गया है, बशतO उस ऋणदा;ी सं8था ने ऐसी समय अविध के भीतर और एनसीजीटीसी 1ारा इस
योजन के िलए िनधा<Bरत $याA के अनुसार ऐसे सं8वीकृ त िश!ा ऋण के संबंध म. गारं टी कवर के िलए आवेदन कया
हो।
(ii) ऋणदा;ी सं8था अैल-जून, जुलाई-िसतबर, अXतूबर-दसबर और जनवरी-माच< क ितमाही म. संिवतBरत िश!ा
ऋण के संबंध म. $मश: िननिलिखत ितमाही अथा<त् जुलाई-िसतबर, अXतूबर-दसबर, जनवरी-माच< और अैल-जून के
समाVत होने से पूव< गारंटी कवर के िलए आवेदन करे।
(iii) िनयत तारीख तक
(क) ऋणदा;ी सं8थाA के खाते के संबंध म. कोई भी अितदेय न हो और या/ऋणदा;ी सं8थाA के बही खात म.
ऋण को गैर-िनNपादत पBरसंपिb के +प म. वग>कृ त न कया गया हो और/या
(ख) उधारकता< के उस काय<कलाप को बJद न कया गया हो िजसके िलए $े िडट सुिवधा मंजरू क गई थीः और/या
(ग) इस $े िडट सुिवधा का पूण< +प से या आंिशक +प से उपयोग, एनसीजीटीसी क पूव< अनुमित िलए िबना
कसी ऐसे ऋण के िलए जो ;ुBटपूण< है या िजसक वसूली सJदेहा8पद है, का समायोजन करने के िलए न
कया गया हो।
(iv) अपने िववेक से ऐसी शैि!क सं8थाA और/या उनके पाm$म क सूची को अनुमोदन दे सकती है/तैयार कर
िनिध
सकती है िजनके िलए गारंटी कवर उपलCध होगा, या वह ऐसी शैि!क सं8थाA के वगn/उनके पाm$म को अिधसूिचत कर
सकती है िजनके िलए गारंटी कवर उपलCध न हो।
8 योजना के तहत अपा िश(ा ऋण
इस योजना के अंतग<त िनoिलिखत िश!ा ऋण 8वीकृ त कए जाने के िलए पा; नह@ हगेः-
i. ऐसा कोई िश!ा ऋण िजसके संबंध म., जोिखम को सरकार या कसी सामाJय बीमाकता< या कसी अJय DयिY या
DयिYय के संघ जो गारंटी देने या !ितपूpत करने का काय< करता है, 1ारा अितBरXत सुर!ा दान क गई हो, इस
सीमा म. शािमल कए गए ऋण को गारंटी ाVत नह@ होगी।
ii. ऐसा कोई िश!ा ऋण जो इस समय लागू कसी कानून के उपबंध या के Jq सरकार अथवा भारतीय Bरजव< बEक 1ारा
जारी कJह@ िनदOश अथवा अनुदेश से मेल न खाता हो या कसी तरह से उनके अनु+प न हो।
iii. ऋणदा;ी सं8था 1ारा मंजूर कया गया ऐसा कोई िश!ा ऋण िजसक Cयाज दर, जहां आधार दर लागू है, ऋणदा;ी
सं8था क आधार दर के 2% से अिधक हो।
9 ऋणदाी संथा -ारा करार का िन0पादन
सद8य ऋणदा;ी सं8था, उसके 1ारा 8वीकृ त पा; िश!ा ऋण के संबंध म. गारंटी देने क तभी हकदार होगी जब
उसने एनसीजीबीसी 1ारा िनधा<Bरत फाम< पर एनसीजीटीसी के साथ करार कया हो।
10 योजना के अंतगतऋणदाी संथा के उ,रदािय1व
i. ऋणदा;ी सं8था भारत और िवदेश म. उr अFययन करने क आईबीए मॉडल शैि!क ऋण योजना के अनुसार िश!ा
ऋण का मूयांकन करेगी और उसे सं8वीकृ त करेगी और आम बEaकग समझदारी और िविधवb परी!ण के साथ
उधारकता< के खाते (खात) का मूयांकन करेगी।
ii. ऋणदा;ी सं8था िश!ा ऋण खाते के संबंध म., गारंटी कवर दान करने के िलए एनसीजीटीसी 1ारा अपेि!त
जानकारी 8तुत करने को सुिनिsत करेगी।
iii. ऋणदा;ी सं8था यह सुिनिsत करेगी क $े िडट गारंटी के तहत कवर कया ऋण नॉन-िड8चाज<एबल हो।
iv. ऋणदा;ी सं8था Zयेक िश!ा ऋण को आधार नंबर के साथ जोड़ने को सुिनिsत करेगी और उधारकता</सह
उधारकता< का नाम उिचत $े िडट जानकारी Cयूरो म. पंजीकृ त करेगी।
v. ऋणदा;ी सं8था उधारकता< के खाते को सावधानीपूवक
< मॉनीटर करेगी और पुनभु<गतान का अनुवत<न करेगी।
vi. ऋणदा;ी सं8था यह सुिनिsत करेगी क वह उधारकता< को दए गए िश!ा ऋण के संबध ं म. एनसीजीटीसी के पास
गारं टी दावा उसके 1ारा िनधा<Bरत 8व+प, ढंग और समय सीमा म. करे और यह क उसक ओर से उधारकता< के
खाते म. चूक को सूिचत करने म. कोई िवलब नह@ होगा िजससे क िनिध को गारंटी दावे के +प म. अिधक रािश न
चुकानी पड़े।
vii. एनसीजीटीसी 1ारा ऋणदा;ी सं8था को गारंटी दावे का भुगतान कर देने से उसक कसी भी तरह से िजमेदारी
समाVत नह@ हो जाती, बिक ऋणदा;ी सं8था को उधारकता< से $े िडट क संपण ू < बकाया रािश के साथ Cयाज क
वसूली करनी होगी। ऋणदा;ी सं8था को चािहए क वह पूरी एहितयात बरते और उधारकता< को दए गए िश!ा
ऋण क संपूण< रािश पर अपनी नज़र रखे और ज+रत पड़े तो बकाया रािश क वसूली के िलए ऐसी आव7यक
कार< वाईयां भी करे, िजसम. एनसीजीटीसी 1ारा सुझाई गई सलाह भी शािमल है।
viii. ऋणदा;ी सं8था एनसीजीटीसी 1ारा समय-समय पर जारी ऐसे िनदOश जो एनसीजीटीसी को उिचत लगे का पालन
करे गी, जो गारं टी खात से वसूिलय को सुकर बनाने या $े िडट गारं टी दाता के +प म. अपने िहत को सुरि!त
रखने के िलए जारी कए गए ह, ऋणदा;ी सं8था ऐसे िनदOश का अनुपालन करने के िलए बाFय होगी।
ix. ऋणदा;ी सं8था, यद िनिध 1ारा कोई गारंटी नह@ दी जाती है, तो वह कसी भी गारं टी वाली रािश के संबंध म.
अपने बकाय क वसूली करने और िनिध के Cयाज क सुर!ा के िलए ऐसे सभी साधन का उपयोग करेगी जो
सामाJय +प से अपनाए जा सकते हE। ऋणदा;ी सं8था, िवशेष +प से, गारं टी के िलए आवेदन करने के पहले या
बाद म. ऐसा कोई काय< नह@ करे गी जो ितभू के +प म. उसके िनिध के िहत पर ितकू ल भाव डाल सकती हो।
ऋणदा;ी सं8था िवशेष +प से कोई भी करार या एकबारगी [व8था बंध करते समय एनसीजीटीसी को सूिचत
करे गी। इसके अितBरXत, ऋणदा;ी सं8था उधारकता< के साथ करार करके अपनी िनिध या अपनी िनयुXत एज.सी
को सुदढ़ृ करे गी या अJयथा उसे एनसीजीटीसी 1ारा चूककता< उधारकता<A के नाम और Cयौरे को कािशत करने
का अिधकार होगा।
अयाय-III
गारं टी शु3क
11.
11. गारं टी शु3क
i. ाw करने के िलए, सद8य ऋणदा;ी सं8था गारंटी कवर के आवेदन क तारीख को जो बकाया रािश है
गारं ट ी कवरे ज
उसके िलए 0.50% ितवष< क वाpषक दर से गारंट ी शुक का भुगतान करे गी, यह िनिध के अितBरY होगी िजसे गारं टी
शुक के $े िडट गारंटी िडमांड एडवाइज नोट क तारीख से 30 दन के अJदर जमा करना होगा। बाद के सभी एजीएफ क
िवbीय वष< के ारंभ म. बकाया ऋण रािश के आधार पर गणना क जाएगी। तथािप, िनिध को िविभx िश!ा ऋण के िलए
भिवNय म. िविभx गारंटी शुक को वसूल करने का अिधकार होगा जो उनके जोिखम-दर/जोिखम ोफाइल पर िनभ<र करे गी।
ii. इस योजना के तहत गारं टी शुक को एक; करने क $या िनoानुसार होगीः-
नई गारं टी के संबध
ं म., एजीएफ के िलए एमएलआईएस संबध
ं ी मांग गारं टी कवर के अनुमोदन पर क जाएगी।
ारंभ होने क तारीख वह तारीख होगी िजस तारीख को एजीएफ S8ट के बEक खाते म. जमा कया जाएगा। एजीएफ
गारं ट ी के
क गणना पहले और अिJतम वष< के िलए यथानुपात आधार पर क जाएगी और िवbीय वष< के ारंभ से समy बकाया ऋण
रािश क गणना बीच के वषn म. क जाएगी। बाद के मामले म., एजीएफ का भुगतान 30 दन के भीतर अथा<त् Zयेक वष< 30
अैल या उससे पहले कया जाएगा।

iii. परJतु यद, एजीएफ का िनधा<Bरत समय या िव8ताBरत समय िजस पर एनसीजीटीसी क या उसके 1ारा ऐसी शतn
पर सहमित Gई हो, भुगतान नह@ कया जाता है तो ऐसी ि8थित म. उस $े िडट सुिवधा िजसके िव+L एजीएफ बकाया हE या
भुगतान नह@ कए गए हE, ऐसी $े िडट सुिवधा वाली गारं टी हेतु िनिध क देनदारी समाw हो जाएगी।
iv. यद रािश क संगणना या गारंटी शुक क गणना करने म. कोई गलती या िवसंगित रह जाती है तो संबंिधत
ऋणदा;ी सं8था िनिध को ऐसी रािश पर बEक क 4% क दर से अिधक और ऊपर Cयाज का भुगतान करे गी। अिधक भुगतान
क गई कसी भी रािश को कोष से लौटाया जाएगा। इस संबध
ं म. ऋणदा;ी सं8था 1ारा दए गए कसी भी अzयावेदन पर,
एनसीजीटीसी इसके पास उपलCध जानकारी और ऋणदा;ी सं8था से ाw 8प{ीकरण के आधार पर िनण<य करे गा। इसके होते
Gए भी, एनसीजीटीसी का िनण<य अंितम होगा और ऋणदायी सं8था पर बाFयकारी होगा।

v. गारं ट ी शुक क समक! रािश को सद8य ऋणदा;ी सं8था 1ारा वहन कया जाएगा।
vi. ऋणदा;ी सं8था 1ारा एनसीजीटीसी को एक बार भुगतान कया गया गारं टी शुक वापस नह@ होगा, िजसम. कुछ
पBरि8थितयां शािमल नह@ है जैसे:-

क) अिधक जमा रािश,
ख) एक ही िश!ा ऋण के िलए एक बार से अिधक जमा क गई रािश, और

ग) वह वाpषक गारंटी शुक जो देय न हो।
अयाय-IV
गारं टी
12. गारं टी क सीमा

यह िनिध चूक रािश के 75 ितशत क सीमा तक गारंटी सुर!ा दान करे गी। ‘िनिध’ को इसे संशोिधत करने का
अिधकार सुरि!त होगा। गारं टी सुर!ा गारं टी शुक के भुगतान क तारीख से ारं भ होगी और यह िश!ा ऋण के बाबत् तय
क गई अविध तक बनी रहेगी।

अयाय-V
-V
दावे
13.
13. आ4वान
गारं टी का
(i) य5द अनजक प$रस6पि, (एनपीए) लॉक-इन अविध या 1 वष क अविध के बाद वग7कृ त होती है या य5द एनपीए
एनपीए) लॉक-
लॉक-इन अविध के भीतर बनती है तो ऋणदाी संथा एनपीए क तारीख से अिधकतम 1 वष क अविध के अंदर िश(ा
लॉक-
ऋण के संबध
ं म9 िन:िलिखत शत< को पूरा करने के बाद गारंटी के िलए अनुरोध कर सकती है।
क. जब खाता अनज<क पBरसपिb के +प म. वग>कृ त कया गया तब संबिं धत ऋण सुिवधा के मामले म. गारंटी लागू रही
हो।
ख. ितपादत ऋण के मामले म., Cयाज क अिध8थगन अविध समाw हो जाने के बाद या गारंटी सुर!ा शु+ होने क
तारीख से, जो भी बाद म. हो, 12 महीन क लॉक-इन अविध समाw हो गई है। आईबीए िश!ा ऋण योजना के अनुसार
अिध8थगन अविध पाm$म अविध + एक वष< है। साथ ही, छा; के िलए चुकौती क शु+आत होने तक पढ़ाई क अविध और
अिध8थगन अविध के दौरान Cयाज चुकाने का िवकप रहेगा।
ग. वह रािश जो ऋणदा;ी सं8था को िश!ा ऋण के संबंध म. बकाया या देय है का भुगतान न Gआ हो और जो ऋणदाता
सं8था 1ारा अनज<क पBरसपिbय के +प म. वग>कृ त क गई ह। परJतु यद हािन कसी ऋण सुिवधा के संबंध म. ऐसे कसी
काय</िनण<य के फल8व+प Gई है जो एनसीजीटीसी के दशा-िनदOश के िवपरीत अथवा उनके उलंघन 8व+प है तो ऐसी
ि8थित म. ऋणदा;ी सं8था एनसीजीटीसी के पास न तो दावा भेज सकेगी और न ही वह उसक हकदार होगी।
घ. यह $े िडट सुिवधा वापस ले ली गई है और कानूनी $या के तहत वसूली काय<वाही शु+ कर दी गई हE।
(ii) ऋणदा;ी सं8था को चािहए क वह दावे क $या एनसीजीटीसी 1ारा इस संबध ं म. िनधा<Bरत कालाविध/या
िनधा<Bरत क जाने वाली कालाविध के अनुसार और उसके भीतर करे ।
(iii) एनसीजीटीसी ऋणदा;ी सं8था को उसके 1ारा 30 दन के भीतर पा; दावा चाहने पर गारं टी रािश का 75 ितशत
अदा करे गी बशतO वह दावा अJयथा सही हो और सभी मायने म. पूण< हो। 30 दन से अिधक िवलंब होने क दशा म.,
एनसीजीटीसी उस िवलंब अविध के िलए चिलत बEक दर पर दावे क पा; रािश पर ऋणदा;ी सं8था को Cयाज अदा करे गी।
सद8य ऋणदा;ी सं8था (एमएलआई) से इस आशय का माण-प; ाw करने के बाद, गारंटी रािश के 25 ितशत क शेष
रािश अदा क जाएगी क चूक क रािश क वसूली के िलए सभी कार के उपाय कए जा चुके हE। दावे क रािश अदा कए
जाने क ि8थित म., यह माना जाएगा क एनसीजीटीसी/िनिध संबंिधत उधारकता< पर लागू रहने वाली गारं टी संबंधी अपनी
सभी देयताA से मुY हो गई है।
(iv) चूक होने क दशा म., ऋणदा;ी सं8था उधारकता< क आि8तय के अिधyहण के अिधकार, यद कोई ह, का उपयोग
करे गी तथा ऐसी पBरसपिbय क िब$ से या अJयथा उगाही गई रािश, यद कोई हो, को ऋणदाता सं8थाA 1ारा पूण< +प
से एनसीजीटीसी को गारंट ी रािश के शेष अंश का दावा करने से पहले जमा कर दया जाएगा।
(v) यद िश!ा ऋण के मूयांकन/नवीकरण/अनुवत<न/संचालन म. खािमयां रही हE या जहां एक से अिधक बार दावा कया
गया है या दाव के िनपटान के िलए ऋणदाता सं8थाA 1ारा कोई म}Zवपूण< सूचना छु पाई गई है तो ऋणदा;ी सं8था
एनसीजीटीसी 1ारा दावे को अ8वीकार कए जाने क दशा म. उसके 1ारा अदा क गई रािश चिलत बEक दर से 4 ितशत
अिधक दर का दंडाZमक Cयाज सिहत वापस करने के िलए बाFय होगी। ऋणदा;ी सं8था ‘िनिध’ 1ारा मांग कए जाने पर
एनसीजीटीसी 1ारा अदा क गई दावे क रािश क तारीख से दावे क रािश वापस कए जाने क तारीख तक क अविध के
िलए दंडाZमक Cयाज अदा करे गी।
(vi) ऋणदाता सं8थाA के धान काया<लय/!े;ीय काया<लय या अJय िनMद{ काया<लय से ाw गारं टी दाव पर ही
िवचार कया जाएगा। शाखाA से सीधे ाw होने वाले दाव पर िवचार नह@ कया जाएगा।
14. अिधकार= का ितथापन और भुगतान 5कए गए दाव= क वसूली

i. ऋणदा;ी सं8था को चािहए क वह एनसीजीटीसी 1ारा मांग करने पर उसे वसूली के िलए कए गए यास, ाw
रािशयां और संबंिधत अJय सूचनाA का Cयौरा उपलCध कराए। एनसीजीटीसी अिधकार अिध8थापन का काय< नह@ करे गी।
बकाया रािश के संबंध म. िजमेदारी ऋणदाता सं8था क होगी।
ii. यद कसी उधारकता< ने ऋणदाता सं8था से एक से अिधक अलग-अलग ऋण िलए ह और उनम. से कसी एक या
अिधक का भुगतान करता हो, भले ही िजस खाते के िलए भुगतान कया गया हो वह ‘िनिध’ क गारं टी के तहत सुरि!त है
अथवा नह@, इस खंड के योजन के िलए यह मान िलया जाएगा क ऋणदाता सं8था ने उस रािश को गारं टी के तहत सुर!ा
ाw ऋण के िलए िविनयोजिनत कर िलया है िजसके संबंध म. दावा 8तुत कया गया है और दावे क रािश अदा क गई है,
चाहे उधारकता< ने िविनयोजन 8व+प कुछ भी दशा<या हो या ऐसे भुगतान का वा8तिवक +प म. िविनयोजन िजस कसी
8व+प म. कया गया हो।
iii. एनसीजीटीसी को जो भी रािश देय हो या लौटाई जानी हो उसका भुगतान अिवलंब कया जाना चािहए। यद
एनसीजीटीसी को देय रािश पहली वसूली के बाद 30दन क अविध के बाद भी अदा नह@ क जाए तो उस पर Cयाज देय
होगा। यहCयाज 30 दन क अविध के बाद िजतनी अविध के िलए देय रािश बकाया रही उतनी अविध पर बEक दर से ऊपर
4 ितशत क दर से लागू होगा।
अयाय-VI
िविवध
15.
15. ऋणदाता संथा> से ा? रािशय= का िविनयोजन
सं8थाA से ाw रािशय का िविनयोजन वाpषक गारंटी शुक, दंडाZमक Cयाज और अJय भार िजस $म
ऋणदाता
म. बकाया थे, उस $म म. िविनयोिजत कए जाएंगे। यद वाpषक गारंटी शुक और दंडाZमक Cयाज क देय तारीख एक ही दन
को है तो ऐसी ि8थित म. पहले वाpषक गारं टी िनिध और उसके बाद दंडाZमक Cयाज के +प म. िविनयोिजत क जाएगी। पा;
ऋण सुिवधा के संबंध म. देय भार को अंत म. िविनयोिजत कया जाएगा।
16. गारंटी का उपयोग हो जाने के बाद ऋण सुिवधा के संबधं म9 ऋणदाता संथा को ाAत रािश का िविनयोजन
एनसीजीटीसी 1ारा ऋणदाता सं8था को इस योजना के पैराyाफ 13 के अनुसार रािश म. चूक होने पर यद भुगतान
कर दया गया हो, और यद उसके बाद वसूली काय<वाही के फल8व+प ऋणदाता सं8था को कोई रािश ाVत होती है तो
ऋणदाता सं8था को चािहए क वह ाVत रािश म. से वसूली हेतु Gए कानूनी खच< क रािश कम करके शेष एनसीजीटीसी के
पास जमा कर दे। ‘िनिध’ इस तरह से ाVत रािश को पहले वाpषक गारं टी शुक, दंडाZमक Cयाज और ‘िनिध’ को देय ऐसे अJय
भार के िलए, यद कोई ह, िविनयोिजत करेगी िजसका संबंध इस ऋण सुिवधा से था व िजसके िलए ऋणदाता सं8था ने
रािश वूसल क थी। यद कोई रािश बच जाती है तो उसका उपयोग ऋण सुिवधा क वसूली म. जो घाटा Gआ उसे पूरा करने
म. कया जाएगा िजसम. एनसीजीटीसी और ऋणदाता सं8था के बीच िविनयोजन का अनुपात $मश: 75 ितशत और 25
ितशत रहेगा।
17. कितपय मामल= म9 ‘िनिध’
िनिध’ क देयता का समाAत हो जाना
i. यद उधारकता< ने ऋणदाता सं8था से िश!ा ऋण िलया है, िजसे इस योजना के अंतग<त गारंटी ाVत है, और यद
उस उधारकता< क देयता कसी अJय उधारकता< को अंतBरत क जाती है अथवा वह सप दी जाती है तो ऐसी ि8थित
म. यह मान िलया जाएगा ऐसे अंतरण क तारीख से या सपे जाने क तारीख से उस िश!ा ऋण क गारंटी समाVत
हो गई यद नए उधारकता< क पा;ता व िश!ा ऋण क मा;ा संबंधी शत व ऐसी अJय शत व िनयम, यद कोई ह,
िजनके तहत िश!ा ऋण को गारं टी दान क जाती है, क पूpत न होती हो।
ii. यद उधारकता< इस योजना के अंतग<त दए जाने वाले िश!ा ऋण हेतु अपा; बन जाता है तो ऐसी ि8थित म.
ऋणदाता सं8था ने योजना के अंतग<त उस उधारकता< को िजतना िश!ा ऋण दया है उतनी रािश तक एनसीजीटीसी
क देयता ऋणदाता सं8था के ित रहेगी िजसक मा;ा उस दन तक क होगी िजस दन को उधारकता< अपा; बन
गया था, तथािप, इस योजना के अंतग<त एनसीजीटीसी पर देयता क जो सीमाएं तय क गई हE वे बनी रह.गी।
18. िववरिणयां व िनरी(ण

i. ऋणदाता सं8था को चािहए क वह इस योजना के अंतग<त दए जाने वाले िश!ा ऋण के संबध ं म. एनसीजीटीसी
1ारा मांगे जाने पर ऐसी िववरिणयां 8तुत करे और वह जानकारी उपलCध कराए िजसक उसे ज+रत हो।
ii. ऋणदाता सं8था एनसीजीटीसी को इसके अलावा वे सभी द8तावेज, रसीद माणप; और अJय िलिखत सामyी भी
उपलCध कराएगी िजनक एनसीजीटीसी को जब भी ज+रत हो। इस संबंध म. यह मान िलया जाएगा क ऐसे
द8तावेज, रसीद, माणप; तथा अJय िलिखत सामyी म. उिलिखत सामyी सही है बशतO कसी दावे को नकारा
न गया हो और नेकनीयती से कए गए कसी काय< के िलए ऋणदाता सं8था या उसके कसी अिधकारी को उZतरदायी
न ठहराया गया हो।
iii. एनसीजीटीसी को योजना के योजन हेतु ज+रत के अनुसार यह अिधकार होगा क वह ऋणदाता सं8था क लेखा-
बिहय तथा अJय अिभलेख क जांच करे या उसक ितयां मंगवाए (कोई अनुदश े पुि8तका या मैनुअल या पBरप;
ह तो वे भी इसम. शािमल है िजसम. अिyम देने क $या संबंधी सामाJय अनुदश
े दए गए ह) ऋणदाता सं8था से
उधार लेने वाले उधारकता< से संबंिधत द8तावेज भी मंगवाए जा सकते हE। एनसीजीटीसी ऐसे िनरी!ण अपने
अिधकार से करवा सकती है या कसी अJय DयिY को इस काय< के िलए िनयुXत कर सकती है। ऋणदाता सं8था के
Zयेक अिधकारी या अJय कम<चारी या उधारकता< को, जो ऐसा करने का अिधकार रखता हो, चािहए क वह
िनरी!ण के िलए िनयुXत एनसीजीटीसी के अिधकाBरय अथवा िनयुXत DयिY को, जो भी मामला हो, लेखा बिहयां,
अJय अिभलेख तथा वह सूचना उपलCध कराए जो उसके पास उपलCध है।
19. योजना के तहत िविनBद0ट शतC ऋणदाता संथा पर बायकारी ह=गी
i. 1ारा जो भी गारंटी दी जाएगी वह इस योजना के ावधान के तहत संचािलत होगी। इस संबंध म. यह माना
‘िनिध’
जाएगा क इस ावधान का उलेख गारंटी के द8तावेज म. दया गया है।

ii. ऋणदाता सं8था जहां तक संभव हो यह यास करेगी क योजना के अंतग<त गारंटी ाw कसी खाते के संबंध म. कसी
कॉJSैXट क शत योजना के ावधान के िवपरीत न हो। तथािप, अJय कसी द8तावेज या कॉJSैXट म. कसी बात के
होते Gए भी, जहां तक ऋणदाता सं8था का ‘िनिध’ से संबंध है, उसे योजना के तहत लगाई गई शतn का पालन करना
आव7यक होगा।
20. संशोधन व छूट
i. ‘िनिध’ यद चाहे तो योजना म. संशोधन कर सकती है, उसे िनर8त कर सकती है या उसे बदल सकती है, ऐसा
इसिलए ताक योजना के तहत अब तक दी गई गारंटी के फल8व+प जो अिधकार या बाFयताएं पैदा Gई हE, या
उपिचत Gई हE वे ऐसे संसाधन, िनरसन या पBरवत<न से भािवत न ह।
ii. उिलिखत कसी बात के होते Gए भी, ‘िनिध’ को ऐसे खाते के संबंध म. योजना के िनयम व शत बदलने का
यहां
अिधकार होगा िजसे ऐसे पBरवत<न क तारीख तक गारंटी न दी Gई हो।

iii. यद यह योजना िनर8त हो जाती है तो ऐसी ि8थित म. इस योजना म. शािमल ऐसी कसी सुिवधा के संबंध म. ‘िनिध’
क िजमेदारी तब तक नह@ होगी यद ऋणदाता सं8था ने िनरसन लागू होने क तारीख से पहले इस योजना के
पैराyाफ 13 के खंड (i) और (ii) म. उिलिखत ावधान का अनुपालन न कया हो।
21. अथ िनणय
यद इस योजना के ावधान या उसके संबंध म. जारी िनदेश अथवा अनुदश
े के संबंध म. कोई 7न उठता है तो
ऐसी ि8थित म. ‘िनिध’ का िनण<य अंितम होगा।

22. पूरक व सामाDय ावधान
यद इस योजना म. कसी मामले के संबंध म. िवशेष ावधान न कया गया हो तो ऐसी ि8थित म. ‘िनिध’ ऐसे पूरक
अथवा अितBरXत ावधान बना सके गी या ऐसे अनुदश े या 8पNटीकरण जारी कर सके गी जो इस योजना के योजन से
आव7यक ह।
ईिशता राय, संयुXत सिचव
MINISTRY OF HUMAN RESOURCE DEVELOPMENT

(Department of Higher Education)
NOTIFICATION
New Delhi, the 16th September, 2015
No. 18-1/2013-U.5 (Vol. III).—the following Scheme is published for the information of all
concerned:—
CHAPTER I
INTRODUCTION
1. Title and date of commencement
(i) The Scheme shall be known as the Credit Guarantee Fund Scheme for Education Loans (CGFSEL).
(ii) It shall come into force from the date of notification by the Government of India.
(iii) New education loans sanctioned on or after the date of notification of the scheme with features as
under will be eligible for the coverage under the scheme.
2. Loan Limit
The maximum loan limit under this scheme is Rs 7.5 lakh without any collateral security and third
party guarantee. However, the Fund reserves the right to revise the loan limit as and when required.
3. Interest Rate
The Interest Rate charged by the Member Lending Institutions for education loans to be covered
under CGFSEL should be maximum up to 2% p.a. over the Base Rate. However, the Fund may revise such
ceiling from time to time keeping in view the prevailing interest rate scenario, base rates of lending
institutions and RBI’s Credit Policies.
4. Margin
Upto Rs. 4 lakh Nil
Above Rs. 4 lakh: Studies in India 5%
Studies Abroad 15%
5. Definitions
For the purposes of this Scheme -
(i) "Amount in Default" means the loan amount outstanding in the loan account(s) of the student
borrower, inclusive of accrued interest, as on the date of the account becoming NPA, or the date of lodgment
of claim application, whichever is lower, or such other amount as may be specified by the Fund for preferring
any claim against the guarantee cover subject to a maximum of ‘Guarantee Cover’.
(ii) “Base Rate” for a lending institution means the Base Rate so declared by that lending institution from
time to time as per Reserve Bank of India guidelines based on which interest rate applicable for the loan will
be determined.
(iii) “Eligible borrower” means new or existing borrower with Indian Nationality who meets eligibility
criteria prescribed under “IBA Model Educational Loan Scheme for pursuing Higher Education in India and
Abroad” and executed loan documents with the lending institution to avail education loan. Parents/guardians
will be the co-borrowers/joint borrowers. In case of a married person, joint borrower can be either spouse or
the parent(s)/parents-in-law.
(iv) "Collateral security" means the security provided in addition to personal obligation of borrower/co-
borrower.
(v) “Education Loan” means any financial assistance by way of loan, extended by the lending institution
to the eligible borrower for higher education as per ‘IBA Model Educational Loan Scheme.’
(vi) "Fund" means the Credit Guarantee Fund for Education Loans set up by Government of India with
the purpose of guaranteeing payment against default in Education Loans, extended by the Member Lending
Institution(s) (MLIs) to the eligible borrowers.
(vii) “Guarantor” means a person acceptable to the bank, who guarantees to repay the education loan, in
the event of failure of the borrower to repay.
(viii) “Guarantee Cover” means maximum cover (i.e. 75%) available per eligible borrower of the amount
in default in respect of the credit facility extended by the lending institution.
(ix) "Lending institution(s)" means all public sector banks, private sector banks and foreign banks which
are members of IBA. The Funds may, on review of performance, include co-operative banks/other FIs/
NBFCs as additional MLIs in future.
(x) "Material date" means the date on which the guarantee fee on the amount covered in respect of
eligible borrower becomes payable by the lending institution to the Trust.
(xi) "Non-Performing Assets" means an asset classified as a non-performing based on the instructions
and guidelines issued by the Reserve Bank of India from time to time.
(xii) "Scheme" means the Credit Guarantee Fund Scheme for Education Loans.
(xiii) NCGTC means National Credit Guarantee Trustee Company set up on March 28, 2014 by
Government of India under the Companies Act, 1956 to act as the Trustee to operate the Credit Guarantee
Funds for Educational Loans, Skill Developments Loans and any other funds to be set up by Government of
India from time to time.
(xiv) Accordingly, all matters pertaining to the operations of CGFSEL would be undertaken by NCGTC on
behalf of this said Trust Fund.
CHAPTER II
SCOPE AND EXTENT OF THE SCHEME
6. Guarantees by the Fund
(i) Subject to the other provisions of the Scheme, NCGTC undertakes, in relation to Education Loans up
to Rs 7.5 lakh extended to an eligible borrower by a Member Lending Institution (MLI) which has entered
into the necessary agreement for this purpose with NCGTC, to provide guarantee against default in repayment
of education loans extended by the lending institutions.
(ii) NCGTC reserves the right to accept or reject any proposal referred to it by the lending institution
which otherwise satisfies the norms of the Scheme.
7. Education Loan eligible under the Scheme:
(i) The Fund shall cover education loans extended by Member Lending Institution(s) to an eligible
borrower as per IBA scheme, on or after entering into an agreement with NCGTC without any collateral
security and/or third-party guarantee, provided that the lending institution applies for guarantee cover in
respect of education loans so sanctioned within such time period and as per the procedures prescribed by
NCGTC for the purpose.
(ii) The lending institution applies for guarantee cover in respect of education loans disbursed in the
quarter April-June, July-September, October-December and January-March prior to expiry of the following
quarter viz. July-September, October-December, January-March and April-June, respectively.
(iii) as on the material date,
(a) there are no overdues in respect of the account to the lending institutions and/or the loan has
not been classified as a Non-Performing Asset (NPA) in the books of the lending
institution, and/or
(b) the activity of the borrower for which the credit facility was granted has not
ceased; and / or
(c) the credit facility has not wholly or partly been utilized for adjustment of any
debts deemed bad or doubtful of recovery, without obtaining a prior consent in
this regard from NCGTC.
(iv) The Fund may, at its discretion, approve/frame a list of educational institutes and/or their courses,
loans for which the guarantee cover will be available, or the Fund may also notify the categories of
educational institutions/courses for which the guarantee cover shall not be available.
8. Education Loans not eligible under the Scheme :
The following Education Loans shall not be eligible for being guaranteed under the Scheme: -
i. Any Education Loan in respect of which risks are additionally covered by Government or by any
general insurer or any other person or association of persons carrying on the business of insurance,
guarantee or indemnity, to the extent they are so covered.
ii. Any Education Loan, which does not conform to, or is in any way inconsistent with, the provisions of
any law, or with any directives or instructions issued by the Central Government or the Reserve Bank
of India, which may, for the time being, be in force.
iii. Any Education loan which has been sanctioned by the lending institution with interest rate of more
than 2% over the Base Rate of the lending institutions in cases where Base Rate is applicable.
9. Agreement to be executed by the lending institution
A Member Lending Institution shall be entitled to a guarantee in respect of eligible Education Loan
granted by it, after it has entered into an agreement with NCGTC in such form as specified by NCGTC.
10. Responsibilities of lending institution under the scheme:
i. The lending institution shall evaluate and sanction Education Loan in accordance with the IBA Model
Educational Loan Scheme for pursuing higher studies in India and abroad and conduct the account(s) of the
borrowers with normal banking prudence and due diligence.
ii. The lending institution shall ensure to submit the information required by NCGTC for giving
guarantee cover with regard to the Education Loan borrowal account.
iii. The lending institution shall ensure that the loan covered under credit guarantee shall be non-
dischargeable.
iv. The lending institution shall ensure linkage of every education loan with Aadhar number and register
the borrower’s/co-borrower’s name with an appropriate credit information bureau.
v. The lending institution shall closely monitor the borrower’s account and follow up for repayment.
vi. The lending institution shall ensure that the guarantee claim in respect of the Education Loan given to
the borrower is lodged with NCGTC in the form and in the manner and within such time specified by NCGTC
in this regard and that there shall not be any delay on its part to notify the default in the borrower’s account
which shall result in the Fund’s facing higher guarantee claims.
vii. The payment of guarantee claim by NCGTC to the lending institution does not in any way take away
the responsibility of the lending institution to recover the entire outstanding amount of the credit from the
borrower with applicable interest. The lending institution shall exercise all the necessary precautions and
maintain its recourse to the borrower for entire amount of education loan owed to it and initiate such
necessary actions for recovery of the outstanding amount, including such action as may be advised by
NCGTC.
viii. The lending institution shall comply with such directions as may be issued by NCGTC, from time to
time, for facilitating recoveries in the guaranteed account, or safeguarding its interest as a credit guarantor, as
NCGTC may deem fit and the lending institution shall be bound to comply with such directions.
ix. The lending institution shall, in respect of any guaranteed account, exercise the same diligence in
recovering the dues, and safeguarding the interest of the Fund in all the ways open to it as it might have
exercised in the normal course if no guarantee had been furnished by the Fund. The lending institution shall,
in particular, refrain from any act of omission or commission, either before or subsequent to invocation of
guarantee, which may adversely affect the interest of the Fund as the guarantor. In particular, the lending
institution should intimate NCGTC while entering into any compromise or one-time settlement arrangement.
Further, the lending institution shall secure for the Fund or its appointed agency, through a stipulation in an
agreement with the borrower or otherwise, the right to publish the defaulted borrowers' names and particulars
by NCGTC.
CHAPTER III
GUARANTEE FEE
11. Guarantee Fee
i. For availing the guarantee coverage, the Member Lending Institution shall pay Annual Guarantee Fee
(AGF) of 0.50% p.a. of the outstanding amount as on the date of application of guarantee cover, upfront to the
Fund within 30 days from the date of Credit Guarantee Demand Advice Note (CGDAN) of guarantee fee. All
subsequent AGFs would be calculated on the basis of the outstanding loan amount as at the beginning of the
Financial Year. However, the Fund reserves the right to charge different guarantee fees in future for different
educational loans depending on their risk rating/risk profile.
ii. The procedure for collection of guarantee fee under the scheme shall be as under:
The demand on MLIs for the AGF in respect of fresh guarantees would be raised upon approval of
guarantee cover. The guarantee start date would be the date on which proceeds of the AGF are credited to
Trust’s Bank account. The AGF shall be calculated on pro-rata basis for the first and last year and in full for
the intervening years on the outstanding loan amount at the beginning of the financial year. In the latter case,
the AGF shall be paid by the MLI within 30 days i.e. on or before April 30, of every year.
iii. Provided further that in the event of non-payment of AGF within the stipulated time or such extended
time that may be agreed to by NCGTC on such terms, liability of the Fund to guarantee such credit facility
would lapse in respect of those credit facility against which the AGF are due and not paid,
iv. In the event of any error or discrepancy or shortfall being found in the computation of the amounts or
in the calculation of the guarantee fee, such deficiency / shortfall shall be paid by the eligible lending
institution to the Fund together with interest on such amount at a rate of 4% over and above the Bank Rate.
Any amount found to have been paid in excess would be refunded by the Fund. In the event of any
representation made by the lending institution in this regard, NCGTC shall take a decision based on the
available information with it and the clarifications received from the lending institution. Notwithstanding the
same, the decision of NCGTC shall be final and binding on the lending institution.
v. The amount equivalent to the guarantee fee will be borne by the Member Lending Institution.
vi. The guarantee fee once paid by the lending institution to NCGTC is non-refundable, except under
certain circumstances like -
(a) Excess remittance,
(b) Remittance made more than once against the same Education loan, and
(c) Annual guarantee fee not due.
CHAPTER IV
GUARANTEES
12. Extent of the guarantee
The Fund shall provide guarantee cover to the extent of 75% of the amount in default. The Fund
reserves the right to modify the same. The guarantee cover will commence from the date of payment of
guarantee fee and shall run through the agreed tenure of the Education Loan.
CHAPTER V
CLAIMS
13. Invocation of guarantee
(i) The lending institution may invoke the guarantee in respect of Education loan within a maximum
period of one year from date of NPA, if NPA is after lock-in period or within one year of lock-in period, if
NPA is within lock-in period, after the following conditions are satisfied:
a. The guarantee in respect of that credit facility was in force at the time of account turning NPA.
b. The lock-in period of 12 months from either the end of period of moratorium of interest or the date of
commencement of guarantee cover in respect of loan covered, whichever is later, has elapsed. As per
IBA Education Loan Scheme, the moratorium is course period + 1 year. Further, servicing of interest
during study period and the moratorium period till commencement of repayment is optional for
students.
c. The amount due and payable to the lending institution in respect of the Education loan has not been
paid and the dues have been classified by the lending institution as Non-Performing Assets. Provided
that the lending institution shall not make or be entitled to make any claim on NCGTC in respect of
the said Education loan if the loss in respect of the said credit facility had occurred owing to actions /
decisions taken contrary to or in contravention of the guidelines issued by NCGTC.
d. The credit facility has been recalled and the recovery proceedings have been initiated under due
process of law.
ii. The claim should be preferred by the lending institution in such manner and within such time
specified/to be specified by NCGTC in this behalf.
iii. NCGTC shall pay 75 per cent of the guaranteed amount on preferring of eligible claim by the lending
institution, within 30 days, subject to the claim being otherwise found in order and complete in all respects.
NCGTC shall pay to the lending institution interest on the eligible claim amount at the prevailing Bank Rate
for the period of delay beyond 30 days. The balance 25% of the guaranteed amount will be paid after
obtaining a certificate from the Member Lending Institution (MLI) that all avenues for recovering the amount
have been exhausted. On a claim being paid, NCGTC / the Fund shall be deemed to have been discharged
from all its liabilities on account of the guarantee in force in respect of the borrower concerned.
iv. In the event of default, the lending institution shall exercise its rights, if any, to take over the assets of
the borrowers and the amount realized, if any, from the sale of such assets or otherwise shall first be credited
in full by the lending institutions to NCGTC before it claims the remaining portion of the guaranteed amount.
v. The lending institution shall be liable to refund the claim released by NCGTC together with penal
interest at the rate of 4% above the prevailing Bank Rate, if such a recall is made by NCGTC in the event of
deficiencies having existed in the matter of appraisal / renewal / follow-up / conduct of the Education loan or
where lodgment of the claim was more than once or where there existed suppression of any material
information on the part of the lending institutions for the settlement of claims. The lending institution shall
pay such penal interest, when demanded by the Fund, from the date of the initial release of the claim by
NCGTC to the date of refund of the claim.
vi. The Guarantee Claim received directly from the branches or offices other than the designated
Office/Branches of Lending Institutions will not be entertained.
14. Subrogation of rights and recoveries on account of claims paid:
i. The lending institution shall furnish to NCGTC, as and when required by NCGTC, the details of its
efforts for recovery, realizations and such other information. NCGTC shall not exercise any subrogation
rights and the responsibility of the dues shall rest with the lending institutions.
ii. In the event of a borrower owing several distinct and separate debts to the lending institution and
making payments towards any one or more of the same, whether the account towards which the payment is
made is covered by the guarantee of the Fund or not, such payments shall, for the purpose of this clause, be
deemed to have been appropriated by the lending institution to the debt covered by the guarantee and in
respect of which, a claim has been preferred and paid, irrespective of the manner of appropriation indicated by
such borrower or the manner in which such payments are actually appropriated.
iii. Every amount recovered and due to be paid to NCGTC shall be paid without delay, and if any amount
due to NCGTC remains unpaid beyond a period of 30 days from the date on which it was first recovered,
interest shall be payable to NCGTC by the lending institution at the rate which is 4% over and above the Bank
Rate for the period for which payment remains outstanding after the expiry of the said period of 30 days.
CHAPTER VI
MISCELLANEOUS
15. Appropriation of amount received from the lending institutions
The amount received from the lending institutions shall be appropriated in the order in which the
service fee, penal interest and other charges have fallen due. If the service fee and the penal interest have
fallen due on the same date, the appropriation shall be made first towards service fee and then towards the
penal interest and finally towards any other charges payable in respect of the eligible credit facility.
16. Appropriation of amount realized by the lending institution in respect of a credit facility after
the guarantee has been invoked.
Where subsequent to the Fund having released a sum to the lending institution towards the amount in
default in accordance with the provisions contained in Para 13 of this Scheme, the lending institution recovers
money subsequent to the recovery proceedings initiated by it, the same shall be deposited by the lending
institution with NCGTC, after adjusting towards the legal costs incurred by it for recovery of the amount. The
Fund shall appropriate the same first towards the pending service fee, penal interest, and other charges due to
the Fund, if any, in respect of the credit facility towards which the amount has been recovered by the lending
institution, and the balance, if any, shall be appropriated in such a manner so that losses on account of deficit
in recovery of the credit facility between NCGTC and the lending institution are in the proportion of 75% :
25%, respectively.
17. Fund's liability to be terminated in certain cases
i. If the liabilities of a borrower to the lending institution on account Education Loan guaranteed under
this Scheme are transferred or assigned to any other borrower and if the conditions as to the eligibility of the
borrower and the amount of the Education Loan and any other terms and conditions, if any, subject to which
the Education Loan can be guaranteed under the Scheme are not satisfied after the said transfer or assignment,
the guarantee in respect of the Education Loan shall be deemed to be terminated as from the date of the said
transfer or assignment.
ii. If a borrower becomes ineligible for being granted Education Loan under the Scheme, the liability of
NCGTC in respect of Education Loan granted to him/ her by a lending institution under the Scheme shall be
limited to the liability of the borrower to the lending institution as on the date on which the borrower becomes
so ineligible, subject, however, to the limits on the liability of NCGTC fixed under this Scheme.
18. Returns and Inspections
i. The lending institution shall submit such statements and furnish such information as and when
required by NCGTC in connection with Education Loan under this Scheme.
ii. The lending institution shall also furnish to NCGTC all such documents, receipts, certificates and
other writings as and when required by NCGTC and shall be deemed to have affirmed that the contents of
such documents, receipts, certificates and other writings are true, provided that no claim shall be rejected and
no liability shall attach to the lending institution or any officer thereof for anything done in good faith.
iii. NCGTC shall, in so far as it may be necessary for the purposes of the Scheme, have the right to
inspect or call for copies of the books of account and other records (including any book of instructions or
manual or circulars covering general instructions regarding conduct of advances) of the lending institution,
and of any borrower from the lending institution. Such inspection may be carried out through the officers of
NCGTC or any other person appointed by NCGTC for the purpose of inspection. Every officer or other
employee of the lending institution or the borrower, who is in a position to do so, shall make available to the
officers of NCGTC or the person appointed for the inspection, as the case may be, the books of account and
other records and information which are in his/ her possession.
19. Conditions imposed under the Scheme to be binding on the lending institution
i. Any guarantee given by the Fund shall be governed by the provisions of the Scheme as if the same
had been written in the documents evidencing such guarantee.
ii. The lending institution shall as far as possible ensure that the conditions of any contract relating to an
account guaranteed under the Scheme are not in conflict with the provisions of the Scheme but
notwithstanding any provision in any other document or contract, the lending institution shall in relation to the
Fund be bound by the conditions imposed under the Scheme.
20. Modifications and exemptions
i. The Fund reserves to itself the right to modify, cancel or replace the Scheme, so that the rights or
obligations arising out of, or accruing under a guarantee issued under the Scheme up to the date on which such
a modification, cancellation or replacement comes into effect, shall not be affected.
ii. Notwithstanding anything herein contained, the Fund shall have a right to alter the terms and
conditions of the Scheme in regard to an account in respect of which guarantee has not been issued as on the
date of such alteration.
iii. In the event of the Scheme being cancelled, no claim shall lie against the Fund in respect of facilities
covered by the Scheme, unless the provisions contained in Clauses (i) and (ii) of Para 13 of the Scheme are
complied with by the lending institution prior to the date on which the cancellation comes into force.
21. Interpretation
If any question arises in regard to the interpretation of any of the provisions of the Scheme or of any directions
or instructions or clarifications given in connection therewith, the decision of the Fund shall be final.
22. Supplementary and general provisions
In respect of any matter not specifically provided for in this Scheme, the Fund may make such supplementary
or additional provisions or issue such instructions or clarifications as may be necessary for the purpose of the
Scheme.
ISHITA ROY, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
Annexure - 16
st
ELIGIBILTY CHECKS FOR EDUCATION LOAN INPUT FILE (1 BATCH)
Sr.
Quantitative Eligibility Checks
No.
1. Education Loan should have been sanctioned on or after the Date of Notification
i.e., September 16, 2015
2. An amount of Loan sanctioned should be upto Rs. 7,50,000
3. Guarantee cover can be obtained on the Outstanding Loan Amount i.e.
guarantee can be obtained only after full or partial disbursement of the loan.
4. Interest charged to borrower by MLI should not be more than 2% over the Base
Rate
5. Loan account should be a Standard Account at the time of applying for a
guarantee
6. The borrower loan account is not overdue as on Material Date
Margin for Borrower:-
Loan Amount Margin
7. Upto Rs.4 lacs Nil
5% for studies in India
Beyond Rs.4 Lacs
15% for studies abroad
8. Amount of First or cumulative disbursement shall not be more than Sanction
Amount
Sr.
Qualitative Eligibility Checks
No.
Eligibility of Borrower:-
1. An Indian National
2. Minimum Qualification - HSC (10 plus 2 or equivalent)
3. Should have secured admission to a higher education course in recognized
institutions in India or Abroad
Eligibility of Education Loan Records:-
Education loan sanctioned as per IBA Model Education Loan Scheme for
1. perusing Higher Education in India/ Abroad would be eligible for Credit
Guarantee Scheme
2. Courses Eligible as per IBA Model Education Loan Scheme for perusing
Higher Education in India/ Abroad circulated by IBA
3. No Collateral security or third party/ies guarantee should be attached with the
Loan
No Additional cover on Education Loan by Govt./ General Insurer/ Any person or
4. association of persons carrying on the business of insurance, guarantee or
indemnity
5. No inconsistency with Law/ any directives or instructions issued by the CG or the
RBI
6. Activity of the borrower for which Credit Facility was granted has not ceased on
the Material Date
On the Material Date, the Credit Facility has not wholly or partly been utilized for
7. adjustment of any bad or doubtful debts without obtaining prior consent in this
regard from NCGTC
Annexure - 17
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
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EXTRAORDINARY
Hkkx I—[k.M 1
PART I—Section 1
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PUBLISHED BY AUTHORITY
la- 318] ubZ fnYyh] eaxyokj] fnlEcj 1] 2015@vxzgk;.k 10] 1937
No. 318] NEW DELHI, TUESDAY, DECEMBER 1, 2015/AGRAHAYANA 10, 1937
कौशल िवकास और उ मशीलता मंालय

अिधसूचना
नई दली, 20 नव
बर, 2015
संं या 8-8/2014-
8/2014-एसडीई (खड-II).—िन
निलिखत कम सभी संबंिधत के सूचनाथ कािशत क जाती है:—
अयाय I
परचय
1. नाम और ारंभ क तारीख
(i) इस कम का नाम कौशल िवकास %े िडट (याभूित िनिध कम (सीजीएफएसएसडी) होगा।
(ii) यह भारत सरकार +ारा जारी अिधसूचना क तारीख से वृ(त होगी।
(iii) 15 जुलाई, 2015 को अथवा इसके बाद िन
निलिखत िवशेषता0 वाले संवीकृत कौशल ऋण, कम के अंतगत
कवरेज के िलए पा4 हगे।
2. ऋण सीमा
इस कम के अंतगत ऋण क 8यूनतम और अिधकतम सीमा िबना कसी संपा:;वक ितभूित और/अथवा तृतीय प<
(याभूित के %मश: 5,000/- #. और 1,50,000/- #. होगी। तथािप, िनिध के पास आव;यकतानुसार ऋण सीमा को
संशोिधत करने का अिधकार सुरि<त होगा।
3. !याज दर
सदय ऋणदाता संथा’ +ारा भा?रत कया जाने वाला @याज
‘ दर, बेस दर के ऊपर 1.5 ितशत ित वष से
अिधक नहA होना चािहए।
4. परभ ष एं
इस कम के योजन के िलए –
4984 GI/2015 (1)

(i) ‘‘कौशल ऋण योजना’’

योजना’’ वह कम है िजसे भारतीय बBक एसोिसएशन (आईबीए) दनांक 10 जुलाई, 2015 के
अपने प4 सं. आरबी/सीआईआर/एसएलएस/1051 के +ारा अपने सदय बBक को प?रचािलत कया है।
(ii) ‘‘चू
‘‘चूक रािश’’
रािश’’ का आशय, अिधकतम ^(याभूित सुर<ा’ के अCयधीन (याभूित सुर<ा पर कए गए कसी दावे
खात) मD खाते के एनपीए होने क तारीख को ोEभूत @याज सिहत
के िलए उधार लेने वाले के ऋण खाते (
अथवा दावा आवेदन करने क तारीख को बकाया ऋण रािश, जो भी कम हो, अथवा ऐसी कोई रािश िजसे
^िनिध’ िनFदGट करे, से है।
(iii) ऋणदाता संथा के ‘’बे दर’’ का आशय, भारतीय ?रजव बBक के दशा-िनदHश के अनुसार समय-समय पर उस
‘’बेस दर’’
ऋणदाता संथा +ारा घोिषत ऐसे ‘बेस दर’ से है िजसके आधार पर ऋण के िलए लागू @याज दर िनधा?रत
कया जाएगा।
(iv) ‘’पा उधार लेने वाले’’
’’ का आशय भारतीय रािGKकता वाले ऐसे नए अथवा मौजूदा उधार लेने वाले से है जो
कौशल ऋण कम’’ के अंतगत िनधा?रत पा4ता मानदLड को पूरा करता हो िजसके पास राGKीय कौशल
‘’
अहता ढांचा (एनएसNयूएफ) के अनुसार नामांकन करने वाली संथा0/संगठन +ारा यथा अपेि<त 8यूनतम
अहता हो और िजसने कौशल ऋण ाPत करने के िलए ऋणदाता संथा के साथ ऋण दतावेज को िनGपादत
कया है। माता-िपता/अिभभावक सह-उधार लेने वाले हगे।
(v) संपा&'वक
‘’ वक ितभूित’’ का आशय, उधार लेने वाले क वैयिNतक देयता के अित?रNत
उधार लेने वाले/सह-
उपल@ध कराई गई ितभूित से है।

(vi) िनिध’’ का आशय पा4 उधार लेने वाले को ऋणदाता संथा (संथान) +ारा दान कए गए कौशल ऋण को
‘’िनिध
‘’िनिध’’
अदा न कए जाने क िथित मD (याभूत करने के योजन से भारत सरकार +ारा थािपत कौशल िवकास ऋण
के िलए ‘%े िडट (याभूित िनिध’ से है।
(vii) ‘’ितभू’’
’’ का आशय बBक को वीकाय ऐसे RयिNत से है जो कौशल ऋण वापस न कर पाने क िथित मD
(याभूित देता है।

(viii) ‘’)याभूित कवर’’
कवर’’ का आशय, ऋणदाता संथा +ारा दान क गई %े िडट सुिवधा के संबध
ं मD चूक रािश के िलए
ित पा4 उधार लेने वाले को उपल@ध अिधकतम कवर से है।
(ix) ऋणदाता सं-था (सं-था/
‘’ था/) का आशय आईबीए के सदय बBक (सावजिनक <े4 के बBक, िनजी <े4 के बBक
और िवदेशी बBक) से है।
(x) ‘’मह)वपू
वपूण1 तारीख’’ का आशय ऐसी तारीख से है िजस तारीख को पा4 उधार लेने वाले के संबंध मD कवर क गई
रािश पर (याभूित शुक, संथा +ारा ‘’िनिध’’ को देय हो जाता है।
(xi) ‘’गै
‘’गैर- िन2पादक
पादक परसंपि)त‘’ का आशय ऐसी प?रसंपि(त से है िजसे भारतीय ?रजव बBक +ारा समय-समय पर
जारी अनुदश
े और दशा-िनदHश के आधार पर गैर-िनGपादक के Sप मD वगTकृ त कया गया हो।
(xii) ‘’ -क म’’ का आशय कौशल िवकास ऋण के िलए %े िडट (याभूित िनिध कम से है।
(xiii) एनसीजीटीसी’’ का आशय िश<ा-ऋण, कौशल िवकास ऋण तथा भारत सरकार +ारा समय-समय पर
‘’एनसीजीटीसी
‘’एनसीजीटीसी’’
थािपत क जाने वाली क8हA अ8य िनिधय के िलए %े िडट (याभूित िनिधय को संचािलत करने हेतु 8यासी के
Sप मD काय करने के िलए कं पनी अिधिनयम 1956 के अंतगत भारत सरकार +ारा 28 माच, 2014 को थािपत
राGKीय %े िडट (याभूित 8यासी कंपनी से है।
(xiv) ‘’लाक
‘’लाक-
लाक-इन-
इन- पीरयड’’ का आशय ऐसी अविध से है िजसके दौरान कोई (याभूित नहA क जा सकती है। 12
महीने का लाक-इन- पी?रयड, (याभूित कवर के ारंभ क तारीख से अथवा @याज-थगन क अविध के अंत से,
जो भी बाद मD हो, िनधा?रत क गई है।
(xv) तदनुसार, सीजीएफएसएसडी के चालन से संबिं धत सभी मामल पर एनसीजीटीसी +ारा पूवVNत िनिध 8यास
क ओर से कारवाई क जाएगी।
अयाय II
-क म का िव-तार और सीमा
5. िनिध 3ारा )
)याभू
याभूितय4
(i) इस कम के अ8य उपबंध के अCयधीन, ‘सदय ऋणदाता संथा’ (एमएलआई), िजसने एनसीजीटीसी के साथ इस
योजन के िलए आव;यक करार कया है, +ारा कसी पा4 उधार लेने वाले को दान कए गए 5,000/- #. से
1,50,000/- #. तक के कौशल ऋण के संबंध मD एनसीजीटीसी, ऋणदाता संथा0 +ारा दान कए गए कौशल
ऋण क वापसी मD चूक होने पर (याभूित उपबंिधत करने के िलए वचनबX है।

(ii) एनसीजीटीसी के पास ऋणदाता संथा +ारा भेजे गए कसी ताव, जो कम के मानक को अ8यथा संतुGट करता
हो, को वीकृत अथवा अवीकृ त करने का अिधकार सुरि<त होगा।
6. -क म के अंतग1त पा कौशल ऋण:

कसी पा4 उधार लेने वाले को एनसीजीटीसी के साथ करार कए जाने पर अथवा कए जाने के बाद ‘सदय
िनिध,
ऋणदाता संथा (संथान)’ +ारा िबना कसी संपा:;वक ितभूित और/अथवा तृतीय प< (याभूित के दान कए गए
कौशल ऋण कवर करे गी, बशतH क,
i. पाY%म औZोिगक िश<ण संथान (आईटीआई), पािलटेिNनNस +ारा चलाया जाता हो अथवा कD [ीय या रा\य
िश<ा बोड +ारा मा8यता ाPत कू ल अथवा मा8यता ा] िव;विवZालय से संबX कसी कालेज मD, राGKीय कौशल
िवकास िनगम (एनएसडीसी)/सेNटर कौशल प?रषद, रा\य कौशल िमशन, रा\य कौशल िनगम से संबX िश<ण
भागीदार +ारा इस कार चलाया जाता हो क अिधमानत: ऐसे संगठन +ारा राGKीय कौशल अहता ढांचा
(एनएसNयूएफ) के अनुSप माण प4/िडPलोमा/िड^ी जारी क जाएगी। भारत सरकार/रा\य सरकार समय-समय
पर संथान/संगठन को इस योजन के िलए अिधसूिचत कर सकती है।

राGKीय कौशल अहता ढांचा (एनएसNयूएफ) के अनुSप उिलिखत िश<ण संथान (6.1 मD) +ारा चलाए जा रहे
पाY%म, कौशल ऋण के अंतगत आएंगे। कोई 8यूनतम पाY%म अविध नहA है।
ii. ऋणदाता संथा अैल-जून, जुलाई-िसतंबर, अNतूबर-दसंबर और जनवरी-माच ितमाही मD संिवत?रत कौशल
िवकास ऋण के संबंध मD अगली ितमाही अथात् %मश: जुलाई-िसतंबर, अNतूबर-दसंबर, जनवरी-माच और अैल-
जून के समापन से पहले (याभूित कवर के िलए आवेदन करती है।
iii. मह(वपूण तारीख क िथित के अनुसार,
(क) ऋणदाता संथा0 के खाते के मामले मD कोई अितदेय न हो और/अथवा ऋणदाता संथा क बिहय मD ऋण
को गैर-िनGपादक प?रसंपि(त के Sप मD वगTकृ त न कया गया हो; और/अथवा
(ख) उधार लेने वाले क गितिविधय, िजसके िलए %े िडट सुिवधा मंजरू क गई थी, को बंद न कर दया गया हो;
और/अथवा
(ग) %े िडट सुिवधा का उपयोग पूणत : या आंिशक Sप से कसी ऐसे ऋण के समायोजन के िलए एनसीजीटीसी से
इस संबध ं मD पूव सहमित ाPत कए िबना न कया गया हो, िजनको डू बे `ए या संदहे ापद वसूली वाले मान
िलया गया है।
7. -क म के अंतग1त पा नह6 होगा कौशल ऋण

िन
निलिखत कौशल ऋण, कम के अंतगत (याभूत होने के िलए पा4 नहA हगे:-
(i) कोई ऐसा कौशल ऋण िजसके संबंध मD सरकार अथवा कोई सामा8य बीमाकता या कसी अ8य RयिNत या
RयिNतय का एसोिसएशन, जो बीमा, (याभूित या <ितपू:त का काय करता हो, +ारा जोिखम को अित?रNत
Sप से कवर कया गया हो और उस सीमा तक, जहां तक ऋण क इस कार से कवर कया गया हो।
(ii) कोई कौशल ऋण जो कD [ीय सरकार या भारतीय ?रजव बBक +ारा जारी कसी कानून के उपबंध अथवा क8हA
िनदHश अथवा अनुदश
े , जो त(समय वृ(त हो, के अनुSप न ह अथवा कसी भी Sप मD उनसे असंगत हो।
(iii) कोई कौशल ऋण जो ऋणदाता संथा के ‘ बेस-दर’ से ितवष 1.5 ितशत अिधक के @याज-दर पर
ऋणदाता संथा +ारा वीकृ त कए गए ह। तथािप, ‘ िनिध’ चिलत @याज-दर क िथितय, ऋणदाता
संथा0 क बेस-दर’ और आरबीआई क %े िडट नीितय को Cयान मD रखकर ऐसे अिधकतम (सीaलग)
बDचमाक पैरामीटर को समय-समय पर संशोिधत कर सकती है।
8. ऋणदाता सं-था 3ारा करार िन2पा8दत
पा8दत 8कया जाना
कोई सदय ऋणदाता संथा, वयं +ारा मंजूर कए गए पा4 कौशल ऋण के बारे मD (याभूित के िलए हकदार तभी
होगा जब उसने एनसीजीटीसी के साथ ऐसा करार कर िलया हो, जैसा एनसीजीटीसी िविनFदGट करे ।
9. -क म के अंतग1त ऋणदाता सं-था के उ)तरदािय)

तरदािय)व
i. ऋणदाता संथा ‘‘कौशल ऋण कम’ के अनुसार कौशल ऋण का मूयांकन करेगी और वीकृत करे गी तथा उधार
लेने वाल के खाते (खात) को सामा8य बBbकग बुिXम(ता और यथोिचत सूझ-बूझ के साथ चलाएगी।
ii. ऋणदाता संथा, 15 जुलाई, 2015 को या उसके बाद दी गई संवीकृ ितय के अनुसार दान कए गए अपने सभी
बकाया कौशल ऋण को पैरा संcया 6 (ii) मD िनधा?रत पैरामीटर के अंदर कलBडर ितमाही के अंत मD एक
पोटफोिलय मD इकdा करेगी और ‘कौशल उधारी खाता’ के संबंध मD (याभूित कवर देने के िलए एनसीजीटीसी +ारा
अपेि<त सूचना तुत करना सुिनि;चत करेगी।
iii. एमएलआई के िलए िन
निलिखत मािणत करते `ए बंधन माण प4 (जैसा aबदु संcया 10 (ii) मD उलेख कया
गया है) तुत करना आव;यक होगा:
(क) पोटफोिलय मD सभी खाते कौशल ऋण कम के अनुSप हB और ऐसे ऋण 15 जुलाई, 2015 को या इसके बाद
संवीकृ त कए गए थे।
(ख) ारंिभक पोटफोिलय मD िलए गए सभी खाते तथा बाद मD पोटफोिलय मD शािमल कए गए नए खाते, मानक
खाते हB।
(ग) ऐसे तुत खाते, जो पोटफोिलय के अंदर एनपीए मD बदल गए हB और िजनके िलए कोई दावा नहA कया गया
है, उस पोटफोिलय मD शािमल कर िलए गए हB िजस पर (याभूित शुक देय है।
iv. ऋणदाता संथा, उधार लेने वाले के खाते क बारीक से िनगरानी करे गी और ऋण वापसी के िलए अनुवतT कारवाई
करे गी।
v. ऋणदाता संथा, (येक कौशल ऋण को ‘आधार नंबर’ से जोड़ना सुिनि;चत करेगी और उधार लेने वाले/सह-उधार
लेने वाले का नाम उपयुNत ‘%े िडट सूचना @यूरो’ के साथ रिजटर करे गी।
vi. ऋणदाता संथा यह सुिनि;चत करेगी क उधार लेने वाले को दए गए कौशल ऋण के बारे मD (याभूित दावा,
एनसीजीटीसी के पास इस संबध ं मD एनसीजीटीसी +ारा िविनFदGट Sप, तरीके तथा समय के अंदर दज कया जाना
है और इसक ओर से उधार लेने वाले के खाते मD चूक को अिधसूिचत करने मD ऐसी कोई देर नहA चािहए िजससे िनिध
को उच्च (याभूित दाव का सामना करना पड़े।
vii. ऋणदाता संथा को एनसीजीटीसी +ारा (याभूित दावे का भुगतान, उधार लेने वाले से लागू @याज सिहत %े िडट
क संपूण बकाया रािश क वसूली के िलए ऋणदाता संथा के उ(तरदािय(व को कसी भी Sप मD समाPत नहA करता
है। ऋणदाता संथा, उधार लेने वाले पर बकाया कौशल ऋण क संपूण रािश के िलए इसके ित सभी आव;यक
पूवVपाय करे गी और अपना वसूली अिधकार बनाए रखेगी तथा बकाया रािश क वसूली के िलए आव;यक कार वाई
करे गी िजसमD एनसीजीटीसी +ारा सलाह दी गई कार वाई भी शािमल होगी।
viii. ऋणदाता संथा ऐसे सभी िनदHश का पालन करेगी, जैसा एनसीजीटीसी +ारा समय-समय पर (याभूत खाते मD
वसूली करने के िलए अथवा %े िडट ितभू के Sप मD इसके िहत क सुर<ा के िलए, जैसा एनसीजीटीसी उपयुNत
समझे, जारी कया जाएगा और ऋणदाता संथा ऐसे िनदHश का पालन करने के िलए बाCय होगी।
ix. ऋणदाता संथा, कसी (याभूत खाते के संबंध मD बकाय क वसूली करने और ‘िनिध’ के िहत क सुर<ा करने मD
उसके पास उपल@ध सभी तरीक से उसी सूझ-बूझ का योग करेगी जैसा वह सामा8य िथित मD उस दशा मD योग
करती जब ‘िनिध’ +ारा कोई (याभूित तुत नहA क गई होती। ऋणदाता संथा, (याभूित क ाथना कए जाने
से पहले या कए जाने के प;चात ऐसे कसी कार क भूल या कृ (य से िवशेष Sप से बचेगी िजसके ितभू के Sप मD
िनिध के िहत पर ितकू ल भाव पड़े। िवशेषकर ऋणदाता संथा, एनसीजीटीसी को ऐसे कसी समझौते अथवा
Rयवथा करते समय सूिचत करेगी िजसके भाव से वैयिNतक (याभूित ((याभूितय) को छू ट या मुिNत िमल
जाएगी। इसके अलावा, ऋणदाता संथा, उधार लेने वाले के साथ करार मD अनुबंध के ज?रए अथवा अ8यथा Sप मD
‘िनिध’ अथवा इसक िनयुNत एजDसी के िलए, उधार वािपस न करने वाले का नाम और िववरण एनसीजीटीसी +ारा
कािशत करने का अिधकार सुरि<त करेगी।

अयाय III
)याभू
याभूित शु;क
10.
10. )याभू
याभूित शु;क
i. सदय ऋणदाता संथा, (याभूित कवरेज लाभ ाPत करने के िलए ितमाही के अंत मD बकाया पोटफोिलयो शेष
(कौशल ऋण) 0.125 ितशत ित कलDडर ितमाही (अथात 0.50 ितशत ित वष) के (याभूित शुक का
भुगतान करे गा।
ii. (याभूित शुक का भुगतान कलDडर ितमाही क समािPत के 16 दन के भीतर कया जाएगा। सदय ऋणदाता
संथा (एमएलआई) को कलDडर ितमाही क समािPत के 10 दन के भीतर एक बंधन माणप4 तुत करना
आव;यक होगा। बंधन माणप4 ािPत के तीन दन के भीतर एनसीजीटीसी +ारा एक %े िडट (याभूित मांग
एडवाइस नोट (सीजीडीएएन) जारी कया जाएगा और तदुपरा8त सीजीडीएन जारी होने के तीन दन के भीतर
(याभूित शुक का भुगतान करना होगा।

iii. पोटफोिलयो मD िनिहत सभी मामले िजनके िलए एमएलआई +ारा (याभूित शुक का भुगतान कर दया गया
है, %े िडट त्याभूित कम के तहत कवर हगे बशतH पोटफोिलयो मD अंत:निहत ऋण-लेखे कौशल ऋण कम के
तहत अहक हो।

iv. (याभूित शुक का भुगतान ितमाही शेष (िजसमD एनपीए मD प?रव:तत खात पर रािश भी शािमल है) पर
कया जाएगा और (याभूित उस ितमाही के अंत तक वैध रहेगी। पोटफोिलयो के एनपीए से संबंिधत (याभूित
शुक का भुगतान उस समय तक जारी रहेगा, जब तक क ऐसे लेख से संबिं धत दावा दज नहA कया जाता।
v. हालांक ‘िनिध’ को भिवGय मD जोिखम रेhटग/जोिखम ोफाइल के आधार पर िविभ8न शैि<क
संथान/Rयावसाियक/कौशल िवकास िश<ण संथान से िभ8न-िभ8न (याभूित शुक वसूलने का अिधकार
सुरि<त है।
vi. परंतु यह और क िनFदGट अविध या ऐसी िवता?रत अविध जैसा एनसीजीटीसी ऐसी शतi पर सहमत हो, के
अंदर (याभूित शुक क अदायगी न होने क िथित मD ऐसी %े िडट सुिवधा क (याभूित के िलए ‘िनिध’ का
दािय(व, उन %े िडट सुिवधा0 के बारे मD Rयापगत हो जाएगा िजन पर (याभूित शुक देय हB या अदा नहA कए
गए हB।
vii. यद (याभूित शुक क गणना मD अथवा रािश के प?रकलन मD कोई गलती या िवसंगित या कमी पाई जाती है,
तो पा4 ऋणदाता संथान +ारा ऐसी िवसंगित/कमी का @याज सिहत भुगतान, जो बBक दर से 4 ितशत ऊपर
होगा, िनिध को करना होगा। भुगतान अिधक पाए जाने पर िनिध +ारा वह वािपस कया जाएगा। इस संबंध मD
ऋणदाता संथा से कोई ितवेदन ाPत होने पर, एनसीजीटीसी उनके पास उपल@ध सूचना तथा ऋणदाता
संथा से ाPत पGटीकरण के आधार पर फै सला करेगी। इसके होते `ए भी एनसीजीटीसी का िनणय अंितम
तथा ऋणदाता संथा पर बाCयकारी होगा।
viii. सदय ऋणदाता संथा (एमएलआई) +ारा भुगतान कए जाने वाले (याभूित शुक के बराबर क रािश का
वहन सदय ऋणदाता संथा (एमएलआई) +ारा कया जाएगा।
ix. िन
निलिखत प?रिथितय को छोड़कर ऋणदाता संथा +ारा एनसीजीटीसी को दी गई (याभूित रािश वािपस
नहA होगी:-
(क) अिधक भुगतान होना,
(ख) एक ही कौशल ऋण के िलए एक से अिधक बार भुगतान होना, तथा
(ग) अदेय वा:षक (याभूित शुक का भुगतान होना।

अयाय IV
)याभूितयां
11.
11. )याभू
याभूित क सीमा
ितशत क सीमा तक (याभूित कवर दान करेगी। िनिध इसमD प?रवतन का अिधकार
‘िनिध’, चूक रािश के 75
सुरि<त रखती है। (याभूित शुक के भुगतान क ितिथ से (याभूित कवर आरंभ होगी तथा कौशल ऋण क सहमत अविध
के दौरान जारी रहेगा।
अयाय V
दावे
12.
12. )याभू
याभूित क ाथ1ना
i. ऋणदाता संथा कौशल ऋण संबध ं ी (याभूित क ाथना, िन
निलिखत शतi के पूरा होने के बाद एनपीए क ितिथ
से अिधकतम 1 वष क अविध के भीतर करे गी, यद एनपीए लाक-इन अविध के बाद `आ हो या लाक-इन अविध के
एक वष के भीतर `आ हो, यद एनपीए लाक-इन अविध के भीतर हो:

क) खाते के एनपीए मD प?रवतनीय होने के समय उस %े िडट सुिवधा के संबंध मD (याभूित वृ(त थी।
ख) @याज थगन अविध का अंत अथवा संबिं धत ऋण संबंधी (याभूित कवर आरंभ क ितिथ, जो भी बाद मD
समाPत हो, से 12 माह क लाक-इन अविध। (याभूित कवर आरंभ होने क ितिथ अथवा @याज-थगन क
अविध समाPत होने, जो भी बाद मD हो, से 12 माह क लाक-इन अविध िनFदGट है।
ग) कौशल- ऋण के अंतगत ऋणदाता संथा को देय तथा भुगतान योkय रािश का भुगतान नहA `आ हो तथा
देय रािश को ऋणदाता संथा +ारा गैर-िनGपादत संपि(त के Sप मD वगTकृ त कया गया हो, पर8तु
ऋणदाता संथा कौशल ऋण के संबध ं मD एनसीजीटीसी +ारा जारी दशा-िनदHश के िवप?रत या उसके
िवरोधी कायवाही/िनणय क वजह से होने वाली हािन के संबंध मD एनसीजीसीटी पर कोई दावा नहA
करे गी/दावे क हकदार नहA होगी।
ii. ऋणदाता संथा दावे उस तरीके तथा समयाविध के भीतर तुत करेगी, जो एनपीजीटीसी +ारा िविनFदGट कए
गए/िविनFदGट कए जाते हB।
iii. %े िडट (याभूित कम के तहत कौशल िवकास संबंधी कसी भी दावे क समूची (याभूित रािश का िनबटान एक
बार मD ही कया जाएगा, बशतH क एमएलआई से इस हेतु एक माण प4 ाPत हो जाता है क अशोिधत रािश क
वसूली के सभी उपाय कर िलए गए हB तथा वसूली क कोई और उ
मीद नहA है तथा दावा सभी कार से सही और
पूण है।
iv. अदा न कए जाने क िथित मD ऋणदाता संथा ऋणी क संपि(त, यद कोई हो तो, अिध^हण करने के अपने
अिधकार का उपयोग करेगी और उस संपि(त क िब% से या अ8य कार से वसूली गई समूची रािश, यद कोई हो
तो, सवथम एनसीजीटीसी को, उसके +ारा (याभूत रािश का दावा पेश करने से पहले जमा करा देगी।
v. ऋणदाता संथा एनसीजीटीसी +ारा कए गए दावे क रािश को दांिडक @याज सिहत, जो क चिलत बBक दर से 4
ितशत ऊपर होगा, वािपस करने के िलए उ(तरदायी होगी, अगर एनजीसीटीसी +ारा ऐसी मांग कौशल ऋण
संबंधी मूयांकन/नवीकरण/अनुवतन/संचालन मामले मD कोई खािमयां होने पर या जहां दावा एक से अिधक बार
कया गया हो या जहां कहA भी ऋणदाता संथा +ारा दावे के िनपटारे हेतु कसी वातिवक जानकारी का छुपाया
जाना कट होने पर क जाती है। एनसीजीटीसी +ारा मांग कए जाने पर दांिडक @याज का भुगतान ऋणदाता
संथा +ारा एनसीजीटीसी +ारा दावे क रािश का ाथिमक भुगतान क ता?रख से वापसी क ता?रख तक कया
जाएगा।
vi. ऋणदाता संथा के संबंिधत मुcयालय/ादेिशक कायालय अथवा अ8य िविनधा?रत कायालय/शाखा0 के अलावा
कसी अ8य शाखा0/कायालय से सीधे ाPत होने वाले (याभूित दावे पर िवचार नहA कया जाएगा।
13.
13. भुगतान 8कए गए दाव< के कारण अिधकार< और वसूिलय< का ित-थापन
i. एनसीजीटीसी +ारा जब भी मांगा जाएगा, ऋणदाता संथा को वसूिलय और ािPतय के िलए कए गए यास से
संबंिधत तथा अ8य ऐसी सूचनाएं एनसीजीटीसी को उपल@ध कराना होगा। एनसीजीटीसी कसी थानाप8न
अिधकार का उपयोग नहA करेगा तथा देय रािश संबंधी िज
मेदारी ऋणदाता संथा पर रहेगी।
ii. यद ऋण लेने वाले को ऋणदाता संथा का कोई िविशGट तथा अलग ऋण का भुगतान करना है, और वह कसी
एक अथवा अिधक ऋण का भुगतान कर रहा हो, चाहे भुगतान कए जा रहे कज का लेखा िनिध क (याभूित से
कवर है अथवा नही, इस अनुlछे द के योजनाथ, ऐसा भुगतान (याभूि त से कवर ऋणदाता संथा +ारा (याभूत
ऋण के िलए ही िविनयोिजत माना जाएगा, िजसके संबंध मD दावा पेश कया और भुगतान कया गया है, चाहे ऋण
लेने वाले +ारा बताई गई िविनयोजन-िविध कु छ भी हो अथवा ऐसे भुगतान क िविनयोजन वातव मD कसी भी
कार से कया गया हो।
iii. वसूली गई तथा एनसीजीटीसी को भुगतान के िलए देय (येक रािश का अिवल
ब भुगतान कया जाएगा, तथा
एनसीजीटीसी को देय रािश यद उसक थम वसूली से 30 दन के बाद भी देय रहती है तो ऋणदाता संथा
एनसीजीटीसी को 30 दन के बाद से िजतने समय भुगतान देय रहता है, उतनी अविध के िलए बBक-दर से 4 ितशत
ऊपर @याज का भुगतान करेगी।

अयाय- VI
िविवध
14.
14. ऋणदाता सं-था से ा=त रािश का िविनयोजन
ऋणदाता संथा से ाPत रािश का िविनयोजन उसी %म मD होगा िजस %म मD बBक एजीएफ, दांिडक @याज तथा अ8य
भार देय हB। यद एजीएफ और दांिडक @याज एक ही ितिथ को देय `ए हB तो सवथम िविनयोजन एजीएफ के िलए, तदंतर
दांिडक @याज तथा अंत मD पा4 %े िडट सुिवधा के संबध
ं मD अ8य भार के िलए कया जाएगा।
15.
15. ऋणदाता सं-था 3ारा )याभूित का आ?वान/ाथ1ना आरंभ होने के प'चात
चात 8कसी @े िडट सुिवधा ा=त रािश का
िविनयोजन
जहां, इस कम के अनुlछेद 12 के अनुसार एनसीजीटीसी +ारा ऋणदाता संथा को वसूली न कए जाने वाली
ऋणदाता संथा अपने +ारा शुS क गई वसूली कायवाही के बाद कु छ रािश वसूलती है तो
रािश का भुगतान कर देने के बाद,
ऐसी रािश, वसूली क %या मD कानूनी Rयय के समायोजन के बाद, ऋणदाता संथा +ारा एनसीजीटीसी के पास जमा
कराई जाएगी। िनिध रािश को थमत: बकाया एजीएफ, दांिडक @याज तथा िनिध को उस %े िडट सुिवधा के िलए देय अ8य
भार के िलए िविनयोिजत करेगी, िजसके िलए ऋणदाता संथा +ारा रािश क वसूली क गई है। यद फर भी कोई बकाया
शेष रहता है तो, इसका िविनयोजन इस कार से कया जाएगा क वसूली मD शेष रहा घाटा, एनसीजीटीसी और ऋणदाता
संथा के बीच %मश: 75 ितशत और 25 ितशत के अनुपात मD रहे।

16.
16. कितपय मामल< मB िनिध के दािय)व का समा=त हो जाना
i. यद इस कम के तहत (याभूत कौशल ऋण के संबध
ं मD ऋण लेने वाले का ऋणदाता संथा के ित उ(तरदािय(व
का कसी अ8य ऋण लेने वाले को हतांत?रत हो जाता है और यद ऋण लेने वाले क पा4ता संबंधी शतm और
कौशल ऋण क रािश तथा अ8य शतm, यद कोई ह, िजसके आधार पर कम के तहत कौशल ऋण को (याभूत
कया जा सकता है, के ऐसे हतांतारण के प;चात संतुGट नहA कए जाते हB, तो ऐसे कौशल ऋण क (याभूित को
उस हस्तांतरण क ितिथ से समाPत माना जाएगा।
ii. यद कोई ऋण लेने वाला RयिNत कम के तहत कौशल ऋण के अयोkय हो, तो कम के तहत उसे ऋणदाता संथा
+ारा दान कए गए कौशल ऋण के संबंध मD एनसीजीटीसी का दािय(व उस ितिथ से, जब से वह अयोkय ठहराया
गया है, ऋणदाता संथा के ित दािय(व तक सीिमत हो जाएगा। bकतु यह सीमा इस कम के तहत िनधा?रत
एनसीजीटीसी के दािय(व क सीमा0 के आधार पर होगी।

17.
17. िववरण तथा िनरीCण
i. कम के तहत कौशल ऋण के संबंध मD ऋणदाता संथा एनसीजीटीसी +ारा मांगे जाने पर ऋणदाता संथा संबंिधत
िववरिणयां तथा सूचनाएं तुत करेगी।
ii. ऋणदाता संथा एनसीजीटीसी को वे सभी लेख, रसीदD, माण प4 तथा अ8य िवलेख जो वह मांगे और जब भी
मांगे, भी देगा और यह िनि;चत माना जाएगा क ऐसे लेख, रसीद, माण प4 और िवलेख मD िनिहत सूचनाएं
स(य हB, पर8तु क कोई दावा नामंजूर नहA होगा तथा भरोसे पर कए गए कसी काय का कोई भी दािय(व ऋणदाता
संथा या उसके कसी अिधकारी पर नहA आएगा।
iii. कम के योजनाथ जहां तक आव;यक होगा, एनसीजीटीसी के पास यह अिधकार होगा क वह ऋणदाता संथा
और कसी ऋण लेने वाले के बही खाते तथा अ8य ?रकाड (इसमD अनुदश
े पुितका, मे8यूअल, अि^म संबंधी सामा8य
अनुदश
े शािमल हB) का िनरी<ण कर सके । यह िनरी<ण एनसीजीटीसी के अिधका?रय अथवा एनसीजीटीसी +ारा
िनरी<ण हेतु िनयुNत कसी अ8य RयिNत +ारा कया जा सकता है। ऋणदाता संथा अथवा ऋण लेने वाले का (येक
अिधकारी तथा अ8य कोई कमचारी, जो ऐसा करने मD समथ होगा, एनसीजीटीसी अिधका?रय अथवा िनरी<ण के
िलए िनयुNत RयिNत, जैसा भी हो, को अपने पास रखे सभी बहीखात तथा ?रकाड एवं सूचना0 को िनरी<णाथ
उपल@ध कराएगा।
18.
18. -क म के तहत लगाई गई शत1 ऋणदाता सं-था पर बायकारी होगी
i. िनिध +ारा दी गई कोई (याभूित, कम के उपबंध +ारा ऐसे अिधशािसत होगी जैसा क ऐसी (याभूित के
(य<कारी लेख मD िलखा गया है।

ii. ऋणदाता संथा यथासंभव यह सुिनि;चत करेगी क कम के तहत (याभूत लेख से संबंिधत कसी भी अनुबंध क
शतi मD कम के उपबंध के ितकू ल नहA होगी। bकतु अ8य क8हA लेख या अनुबंध मD उपबंध के होते `ए भी,
ऋणदाता संथा, िनिध के संबध
ं मD कम के तहत लागू िनिध संबंधी शतi से बाCय होगी।
19.
19. संशोधन और छूट
i. कम को संशोिधत करने, िनरत करने या ितथािपत करने का अिधकार िनिध अपने पास रखती है, िजससे क
ऐसे संशोधन, िनरितकरण या ितथापन क ितिथ तक कम के अंतगत कसी (याभूित के ोEभूत अथवा
उEभूत अिधकार और दािय(व पर कोई ितकू ल भाव न पड़े।

ii. इसमD िनिहत कसी बात के होते `ए भी, िनिध के पास ऐसे कसी खाते के संबंध मD कम क शतi को संशोिधत करने
का अिधकार होगा, िजसके संबंध मD, संशोधन क ितिथ तक, (याभूित जारी नहA क गई है/(याभूित के अंतगत
ाथना नहA क गई है।

iii. कम के िनरत होने क दशा मD कम के तहत सुर<ा ा] सुिवधा0 के संबंध मD िनिध के िवSX कोई दावा देय
नहA होगा, जब तक क ऋणदाता संथा +ारा िनरितकरण क तारीख से पूव कम के अनुlछेद 12 क धारा (i)
तथा (ii) का प?रपालन नहA कया गया हो।
20.
20. िनव1चन
यद कम के क8हA उपबंध अथवा त(संबंधी दए गए क8हA िनदेश या अनुदश े या उनसे संबिं धत पGटीकरण
क Rयाcया को लेकर कोई ;न उ(प8न होता है तो उस संबंध मD िनिध का िनणय अंितम माना जाएगा।
21.
21. अनुपरू क और सामाFय उपबंध
कसी मामले के संबंध मD, िजसका कम मD कोई िविशn ावधान नहA है, िनिध कम के िहत मD ऐसा अनुपूरक या
अित?रNत उपबंध कर सकती है या ऐसा िनदेश और पष्टीकरण जारी कर सकती है, जो कम के उददे;य के िलए आव;यक
हो।
\यो(सना िसतaलग, संयुNत सिचव
MINISTRY OF SKILL DEVELOPMENT AND ENTREPRENEURSHIP

NOTIFICATION
New Delhi, the 20th November, 2015
No. 8-8/2014-SD&E (Vol. II) – The following Scheme is published for the information of all concerned:-
CHAPTER I
INTRODUCTION
1. Title and date of commencement
i. The Scheme shall be known as the Credit Guarantee Fund Scheme for Skill Development
(CGFSSD).
ii. It shall come into force from the date of notification by the Government of India.
iii. Skill Loans sanctioned on or after July 15, 2015 with features as under will be eligible for
coverage under the Scheme.
2. Loan Limit
The minimum and maximum loan limit under this Scheme is Rs.5000/- and Rs.1,50,000/-
respectively, without any collateral security and/or third party guarantee. However, the Fund reserves
the right to revise the loan limit as and when required.
3. Interest Rate
The Interest Rate to be charged by the Member Lending Institution should not be more than 1.5 %
p.a. over the Base Rate.
4. Definitions
For the purposes of this Scheme –
i. Skill Loan Scheme is the scheme circulated by Indian Banks’ Association (IBA) vide its letter no
RB/CIR/SLS/1051 dated July 10, 2015 to its member banks.
ii. "Amount in Default" means the loan amount outstanding in the loan account(s) of the borrower
inclusive of accrued interest, as on the date of the account becoming NPA, or the date of lodgment
of claim application whichever is lower or such other amount as may be specified by the Fund for
preferring any claim against the guarantee cover subject to maximum of ‘Guarantee Cover’.
iii. Base Rate” for a lending institution means the Base Rate so declared by that lending institution
from time to time as per Reserve Bank of India guidelines based on which interest rate applicable
for the loan will be determined.
iv. “Eligible Borrower” means new or existing borrower with Indian Nationality who meets
eligibility criteria prescribed under “Skill Loan Scheme” having the minimum qualification as
required by the enrolling institutions/organizations as per National Skill Qualification Framework
(NSQF) and who has executed loan documents with the lending institution to avail skill loan.
Parents/guardians will be the co-borrowers.
v. "Collateral security" means the security provided in addition to personal obligation of
borrower/co-borrower.
vi. "Fund" means the Credit Guarantee Fund for Skill Development Loans set up by Government of
India with the purpose of guaranteeing payment against default in Skill Loan, extended by the
lending institution(s) to the eligible borrowers.
vii. “Guarantor” means a person acceptable to the bank, who guarantees to repay the skill loan, in the
event of failure of the borrower to repay.
viii. “Guarantee Cover” means maximum cover available per eligible borrower of the amount
in default in respect of the credit facility extended by the lending institution.
ix. "Lending institution(s)" means member banks (public sector banks, private sector banks and
foreign banks) of IBA.
x. "Material date" means the date on which the guarantee fee on the amount covered in respect of
eligible borrower becomes payable by the institution to the Fund.
xi. "Non Performing Assets" means an asset classified as a non-performing based on the instructions
and guidelines issued by the Reserve Bank of India from time to time.
xii. "Scheme" means the Credit Guarantee Fund Scheme for Skill Development Loans.
xiii. NCGTC means National Credit Guarantee Trustee Company set up on March 28, 2014 by
Government of India under the Companies Act 1956 to act as the Trustee to operate the Credit
Guarantee Funds for Educational Loans, Skill Development Loans and any other funds to be set up
by Government of India from time to time.
xiv. Lock-in-period means the period during which no invocation of guarantee can be made. A lock-
in-period of 12 months has been stipulated from the date of commencement of guarantee cover or
end of period of moratorium of interest, whichever is later.
xv. Accordingly, all matters pertaining to the operations of CGFSSD would be undertaken by NCGTC
on behalf of the said Fund Trust.
CHAPTER II
SCOPE AND EXTENT OF THE SCHEME
5. Guarantees by the Fund
i. Subject to the other provisions of the Scheme, NCGTC undertakes, in relation to Skill Loans
ranging from Rs.5000/- to Rs.1,50,000/- extended to an eligible borrower by a Member Lending
Institution (MLI) which has entered into the necessary agreement for this purpose with NCGTC,
to provide guarantee against default in repayment of skill loans extended by the lending
institutions.
ii. NCGTC reserves the right to accept or reject any proposal referred by the lending institution
which otherwise satisfies the norms of the Scheme.
6. Skill Loans eligible under the Scheme
The Fund shall cover skill loans extended by Member Lending Institution(s) to an eligible borrower
on or after entering into an agreement with NCGTC, without any collateral security and/or third party
guarantee, provided that
i. The course is 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). The Government of India / State Governments may, from
time to time, notify institutes/organizations for the purpose.
Courses run by above mentioned Training Institutes (in 6.1) aligned to National Skill
Qualification Framework (NSQF) shall be covered by the Skill Loan. There is no minimum
course duration.
ii. The lending institution applies for guarantee cover in respect of skill development loans
disbursed in the quarter April-June, July-September, October-December and January-March
prior to expiry of the following quarter viz. July-September, October-December, January-
March and April-June, respectively.
iii. as on the material date,
a) There are no overdue in respect of the account to the lending institutions and / or the loan
has not been classified as a Non-performing asset in the books of the lending institution,
and/or
b) The activity of the borrower for which the credit facility was granted, has not ceased;
and / or
c) The credit facility has not wholly or partly been utilized for adjustment of any debts
deemed bad or doubtful of recovery, without obtaining a prior consent in this regard from
NCGTC.
7. Skill Loans not eligible under the Scheme
The following Skill Loans shall not be eligible for being guaranteed under the Scheme: -
i. Any Skill Loans in respect of which risks are additionally covered by Government or by any general
insurer or any other person or association of persons carrying on the business of insurance, guarantee
or indemnity, to the extent they are so covered.
ii. Any Skill Loans, which does not conform to, or is in any way inconsistent with, the provisions of any
law, or with any directives or instructions issued by the Central Government or the Reserve Bank of
India, which may, for the time being, be in force.
iii. Any Skill loans which have been sanctioned by the lending institution with interest rate more than
1.5% p.a. over the Base Rate of the lending institutions. However, the Fund may revise such ceiling
benchmark parameters from time to time keeping in view the prevailing interest rate scenario, Base
Rates of lending institutions and RBI’s Credit Policies.
8. Agreement to be executed by the lending institution
A Member Lending Institution shall be entitled to a guarantee in respect of eligible Skill Loans
granted by it after it has entered into an agreement with NCGTC in such form as specified by NCGTC.
9. Responsibilities of lending institution under the scheme
i. The lending institution shall evaluate and sanction the Skill Loans in accordance with the “Skill
Loan Scheme” and conduct the account(s) of the borrowers with normal banking prudence and
due diligence.
ii. The lending institution shall pool all its outstanding skill loans extended against sanctions
effected on or after July 15, 2015, but within the parameters prescribed at para no. 6(ii) as at the
end of a calendar quarter into a portfolio and ensure to submit the information required by
NCGTC for giving guarantee cover with regard to the Skill borrowable account.
iii. The MLI would need to furnish a Management Certificate [as mentioned in point 10(ii)]
certifying the following:
(a) All accounts in the portfolio conform to the Skill Loan Scheme and such loans were
sanctioned on or after July 15, 2015.
(b) All accounts covered in the initial portfolio as well as new accounts added in the portfolio
subsequently, are standard accounts.
(c) All accounts which have turned NPA within the portfolio and for which claim has not been
lodged have been included in the portfolio on which the guarantee fee is payable.
iv. The lending institution shall closely monitor the borrower’s account and follow up for repayment.
v. The lending institution shall ensure linkage of every skill loan with Aadhar number and register
the borrower’s/co-borrower’s name with an appropriate credit information bureau.
vi. The lending institution shall ensure that the guarantee claim in respect of the Skill Loans given to
the borrower is lodged with NCGTC in the form and in the manner and within such time
specified by NCGTC in this regard and that there shall not be any delay on its part to notify the
default in the borrowers account which shall result in the Fund facing higher guarantee claims.
vii. The payment of guarantee claim by NCGTC to the lending institution does not in any way take
away the responsibility of the lending institution to recover the entire outstanding amount of the
credit from the borrower with applicable interest. The lending institution shall exercise all the
necessary precautions and maintain its recourse to the borrower for entire amount of skill loan
owed to it and initiate such necessary actions for recovery of the outstanding amount, including
such action as may be advised by NCGTC.
viii. The lending institution shall comply with such directions as may be issued by NCGTC, from time
to time, for facilitating recoveries in the guaranteed account, or safeguarding its interest as a
credit guarantor, as NCGTC may deem fit and the lending institution shall be bound to comply
with such directions.
ix. The lending institution shall, in respect of any guaranteed account, exercise the same diligence in
recovering the dues, and safeguarding the interest of the Fund in all the ways open to it as it might
have exercised in the normal course if no guarantee had been furnished by the Fund. The lending
institution shall, in particular, refrain from any act of omission or commission, either before or
subsequent to invocation of guarantee, which may adversely affect the interest of the Fund as the
guarantor. In particular, the lending institution should intimate NCGTC while entering into any
compromise or arrangement, which may have effect of discharge or waiver of personal
guarantee(s). Further the lending institution shall secure for the Fund or its appointed agency,
through a stipulation in an agreement with the borrower or otherwise, the right to publish the
defaulted borrowers' names and particulars by NCGTC.
CHAPTER III
GUARANTEE FEE
10. Guarantee Fee
i. For availing the guarantee coverage, the Member Lending Institution shall pay Guarantee Fee of
0.125% per calendar quarter (i.e. 0.50% p.a.) on the quarter end outstanding portfolio balance
(skill loans).
ii. Guarantee fee shall be paid within 16 days from the end of the calendar quarter. (The MLI
would need to furnish a Management Certificate within 10 days from the end of the calendar
quarter, after which, a Credit Guarantee Demand Advice Note [CGDAN] would be issued by
NCGTC within 3 day of receipt of Management Certificate and subsequently, the guarantee fee
shall be payable within 3 days from the issue of CGDAN)
iii. All cases within the portfolio for which the guarantee fee has been paid by MLI, would be
covered under the credit guarantee scheme subject to the loan accounts within the portfolio
being eligible under the Skill Loan Scheme.
iv. Guarantee fee would be paid on the quarterly balance (including on accounts which have turned
NPA) and Guarantee will be valid up to the end of that quarter. Guarantee fee with respect to
NPA accounts in the portfolio would continue to be paid till lodgment of claim for such
accounts.
v. However, the Fund reserves the right to charge different guarantee fees in future for different
educational institutions / vocational / skill development training institutions depending on their
risk rating/risk profile.
vi. Provided further that in the event of non-payment of Guarantee Fee within the stipulated time or
such extended time that may be agreed to by NCGTC on such terms, liability of the Fund to
guarantee such credit facility would lapse in respect of those credit facility against which the
Guarantee Fee are due and not paid,
vii. In the event of any error or discrepancy or shortfall being found in the computation of the
amounts or in the calculation of the guarantee fee, such deficiency / shortfall shall be paid by the
eligible lending institution to the Fund together with interest on such amount at a rate of 4%
over and above the Bank Rate. Any amount found to have been paid in excess would be
refunded by the Fund. In the event of any representation made by the lending institution in this
regard, NCGTC shall take a decision based on the available information with it and the
clarifications received from the lending institution. Notwithstanding the same, the decision of
NCGTC shall be final and binding on the lending institution.
viii. The amount equivalent to the guarantee fee payable by the Member Lending Institution will be
borne by the Member Lending Institution.
ix. The guarantee fee once paid by the lending institution to NCGTC is non-refundable, except
under certain circumstances like -
a) Excess remittance,
b) Remittance made more than once against the same Skill Loan, and
c) Annual guarantee fee not due.
CHAPTER IV
GUARANTEES
11. Extent of the guarantee
The Fund shall provide guarantee cover to the extent of 75% of the amount in default. The Fund
reserves the right to modify the same. The guarantee cover will commence from the date of payment of
guarantee fee and shall run through the agreed tenure of the Skill Loans.
CHAPTER V
CLAIMS
12. Invocation of guarantee
i. The lending institution may invoke the guarantee in respect of Skill loan within a maximum
period of one year from date of NPA, if NPA is after lock-in period or within one year of lock-in
period, if NPA is within lock-in period, after the following conditions are satisfied:
a) The guarantee in respect of that credit facility was in force at the time of account turning
NPA.
b) The lock-in period of 12 months from either the end of period of moratorium of interest or
the date of commencement of guarantee cover in respect of loan covered, whichever is later,
has elapsed. A lock-in period of 12 months has been stipulated from the date of
commencement of guarantee cover or end of period of moratorium of interest, whichever is
later
c) The amount due and payable to the lending institution in respect of the Skill Loan has not
been paid and the dues have been classified by the lending institution as Non-Performing
Assets. Provided that the lending institution shall not make or be entitled to make any claim
on NCGTC in respect of the said Skill Loan if the loss in respect of the said credit facility
had occurred owing to actions / decisions taken contrary to or in contravention of the
guidelines issued by NCGTC.
ii. The claim should be preferred by the lending institution in such manner and within such time
specified/to be specified by NCGTC in this behalf.
iii. Any Claim under the Credit Guarantee Scheme for Skill Development would be settled at 100
% of the guaranteed amount at one go, subject to the receipt of a certificate from the MLI to the
effect that all avenues of recovering the amount in default have been exhausted; that there is no
further scope for recovering the default amount and that the claim is found in order and
complete in all respects.
iv. In the event of default, the lending institution shall exercise its rights, if any, to take over the
assets of the borrowers and the amount realized, if any, from the sale of such assets or otherwise
shall first be credited in full by the lending institution to NCGTC before it claims the guaranteed
amount.
v. The lending institution shall be liable to refund the claim released by NCGTC together with
penal interest at the rate of 4% above the prevailing Bank Rate, if such a recall is made by
NCGTC in the event of deficiencies having existed in the matter of appraisal / renewal / follow-
up / conduct of the Skill Loan or where lodgment of the claim was more than once or where
there existed suppression of any material information on part of the lending institutions for the
settlement of claims. The lending institution shall pay such penal interest, when demanded by
NCGTC, from the date of the initial release of the claim by NCGTC to the date of refund of the
claim.
vi. The Guarantee Claim received directly from the branches or offices other than respective Head
Office / Regional Office or such other designated Office/Branches of Lending Institutions will
not be entertained.
13. Subrogation of rights and recoveries on account of claims paid
i. The lending institution shall furnish to NCGTC, as and when required by NCGTC, the details of
its efforts for recovery, realizations and such other information. NCGTC shall not exercise any
subrogation rights and the responsibility of the dues shall rest with the lending institutions.
ii. In the event of a borrower owing several distinct and separate debts to the lending institution
and making payments towards any one or more of the same, whether the account towards which
the payment is made is covered by the guarantee of the Fund or not, such payments shall, for the
purpose of this clause, be deemed to have been appropriated by the lending institution to the
debt covered by the guarantee and in respect of which a claim has been preferred and paid,
irrespective of the manner of appropriation indicated by such borrower or the manner in which
such payments are actually appropriated.
iii. Every amount recovered and due to be paid to NCGTC shall be paid without delay, and if any
amount due to NCGTC remains unpaid beyond a period of 30 days from the date on which it
was first recovered, interest shall be payable to NCGTC by the lending institution at the rate
which is 4% over and above the Bank Rate for the period for which payment remains
outstanding after the expiry of the said period of 30 days.
CHAPTER VI
MISCELLANEOUS
14. Appropriation of amount received from the lending institutions
The amount received from the lending institutions shall be appropriated in the order in which the
AGF, penal interest and other charges have fallen due. If the AGF and the penal interest have fallen due on
the same date, the appropriation shall be made first towards AGF and then towards the penal interest and
finally, towards any other charges payable in respect of the eligible credit facility.
15. Appropriation of amount realized by the lending institution in respect of a credit facility after
the guarantee has been invoked.
Where subsequent to NCGTC having released a sum to the lending institution towards the amount in
default in accordance with the provisions contained in Para 12 of this scheme, the lending institution recovers
money subsequent to the recovery proceedings initiated by it, the same shall be deposited by the lending
institution with NCGTC, after adjusting towards the legal costs incurred by it for recovery of the amount. The
Fund shall appropriate the same first towards the pending AGF, penal interest, and other charges due to the
Fund, if any, in respect of the credit facility towards which the amount has been recovered by the lending
institution, and the balance, if any, shall be appropriated in such a manner so that losses on account of deficit
in recovery of the credit facility between NCGTC and the lending institution are in the proportion of 75% and
25% respectively.
16. Fund's liability to be terminated in certain cases

i. If the liabilities of a borrower to the lending institution on account of Skill Loan guaranteed
under this Scheme are transferred or assigned to any other borrower and if the conditions as to
the eligibility of the borrower and the amount of the Skill Loan and any other terms and
conditions, if any, subject to which the Skill Loan can be guaranteed under the Scheme are not
satisfied after the said transfer or assignment, the guarantee in respect of the Skill Loan shall be
deemed to be terminated as from the date of the said transfer or assignment.
ii. If a borrower becomes ineligible for being granted Skill Loan under the Scheme, the liability of
NCGTC in respect of Skill Loan granted to him/her by a lending institution under the Scheme
shall be limited to the liability of the borrower to the lending institution as on the date on which
the borrower becomes so ineligible, subject, however, to the limits on the liability of NCGTC
fixed under this Scheme.
17. Returns and Inspections
i. The lending institution shall submit such statements and furnish such information as and when
required by NCGTC in connection with Skill Loan under this Scheme.
ii. The lending institution shall also furnish to NCGTC all such documents, receipts, certificates
and other writings as and when required by NCGTC and shall be deemed to have affirmed that
the contents of such documents, receipts, certificates and other writings are true, provided that
no claim shall be rejected and no liability shall attach to the lending institution or any officer
thereof for anything done in good faith.
iii. NCGTC shall, insofar as it may be necessary for the purposes of the Scheme, have the right to
inspect or call for copies of the books of account and other records (including any book of
instructions or manual or circulars covering general instructions regarding conduct of advances)
of the lending institution, and of any borrower from the lending institution. Such inspection
may be carried out through the officers of NCGTC or any other person appointed by NCGTC
for the purpose of inspection. Every officer or other employee of the lending institution or the
borrower, who is in a position to do so, shall make available to the officers of NCGTC or the
person appointed for the inspection as the case may be, the books of account and other records
and information which are in his/her possession.
18. Conditions imposed under the Scheme to be binding on the lending institution
i. Any guarantee given by the Fund shall be governed by the provisions of the Scheme as if the
same had been written in the documents evidencing such guarantee.
ii. The lending institution shall as far as possible ensure that the conditions of any contract relating
to an account guaranteed under the Scheme are not in conflict with the provisions of the Scheme
but notwithstanding any provision in any other document or contract, the lending institution
shall in relation to the Fund be bound by the conditions imposed under the Scheme.
19. Modifications and exemptions
i. The Fund reserves to itself the right to modify, cancel or replace the Scheme, so that the rights
or obligations arising out of, or accruing under a guarantee issued under the Scheme up to the
date on which such modification, cancellation or replacement comes into effect, shall not be
affected.
ii. Notwithstanding anything herein contained, the Fund shall have a right to alter the terms and
conditions of the Scheme in regard to an account in respect of which guarantee has not been
issued / invoked as on the date of such alteration.
iii. In the event of the Scheme being cancelled, no claim shall lie against the Fund in respect of
facilities covered by the Scheme, unless the provisions contained in Clause (i) and (ii) of Para
12 of the Scheme are complied with by the lending institution prior to the date on which the
cancellation comes into force.
20. Interpretation
If any question arises in regard to the interpretation of any of the provisions of the Scheme or of any
directions or instructions or clarifications given in connection therewith, the decision of the Fund shall be
final.
21. Supplementary and general provisions
In respect of any matter not specifically provided for in this Scheme, the Fund may make such
supplementary or additional provisions or issue such instructions or clarifications as may be necessary for
the purpose of the Scheme.
JYOTSNA SITLING, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
Annexure - 18
Annexure 19.
Guidelines for 1% Interest concession for servicing monthly interest on regular basis
Applicable to Education Loans sanctioned prior to 01.10.2013.
(Concession withdrawn w.e.f. 01.10.2013)
For Education Loans sanctioned prior to 01.10.2013 an additional concession 1% in rate of

interest is available for borrowers, if the interest debited during the moratorium period
is regularly serviced.
In this connection, we reiterate the contents of the circular No.BCC:BR:95/419 dated

27.12.2003 interalia advising the guidelines for extending this concession to Education
Loan borrowers.
 The objective of the concession was to encourage borrowers to repay interest

during study/moratorium period so that borrower’s liability and bank’s exposure
is restricted to the limit sanctioned.
 The concession/rebate of 1% in rate of interest is to be extended to all borrowers

who repay interest debited to the account during moratorium period regularly in
time.
 Interest debited in the account if serviced before next interest is debited in the
account but not later than 30 days, will be termed as regular repayment of
interest.
 The rebate of 1% interest for the moratorium period will be credited back to the
borrower’s Education Loan account, when the actual repayment of principal i.e,
EMI starts, if the interest is serviced in time as defined herein above.
 The rate of interest to be charged during the repayment period and from the
date when the repayment starts till the date of final settlement, would be 1% less
than which is stipulated in the sanction.
 In case of default in repayment of future installments/interest, overdue interest

@2% would be charged as usual.
The above matter is further clarified hereunder by an example:

 Loan sanctioned on 01.01.2011, Study period -2- years, repayable in -5- years,
repayment to start from -6- months after getting employment or one year after
study period which ever is earlier. Rate of Interest is Base Rate + 2.50%.
 If the borrower gets employment on 01.04.2013, his 1st installment will be due on
01.10.2013. Now if he has regularly paid interest from 01.01.2011 to 30.09.2013,
the amount of interest concession @1% p.a for the period, 01.01.2011 to
30.09.2013 will be credited to borrower’s loan account on 01.10.2013.
 The interest rate will be reduced by 1%, i.e, Base rate + 1.50% for the repayment
period from 01.10.2013 onwards.
The above clarification holds good for the products under Baroda Education Loan
Scheme, viz Baroda Vidya, Baroda Gyan, Baroda Scholar and Baroda Education Loan for
Vocational Education & Training sanctioned prior to 01.10.2013.
The concession is not available for Education Loans sanctioned on or after

01.10.2013.
Annexure 20.
Letter from Applicants for Sanction of Education Loan before submission of From
I-20/equivalent document issued by other countries
The Branch Manager

Bank of Baroda
……………………… (Name & Address of BoB Branch/ SMS/CPC)
Dear Sir,
Sanction of Education Loan before submission of Form I-20/equivalent document

issued by other countries.
This has reference to our loan application for availing the Education Loan of
Rs……………………..(Rupees………………………………..……………..)for pursuing…………………………………………….
course in ….……………………………………………………………..… (Institution / College /University name).
We request you to consider the Sanctioning of our Education Loan prior to submission of
Form i-20/equivalent document issued by other countries , as it is demanded by the
Institution/ college / University/ VISA issuing authorities,
I/ We hereby undertake to submit Form I-20/equivalent document issued by other

countries to the Bank as and when received by us.
I/ We understand that disbursement of the captioned Education Loans will be made only
after the submission on Form I-20/equivalent document issued by other countries.
We further undertake to pay the Deviation Charges (Non Refundable) towards the
modification in the sanction terms, as applicable from time to time, as per the norms of
the Bank, in case changes in parameter like, college/institution/university, course, course
duration, cost etc. are found from the ones mentioned at the time of application.
Yours faithfully,
(Name of Applicant:_________________________________________________)
Date: __________________ & Place: _______________________________
(Name of Co-applicant:_______________________________________________)
Date: __________________ & Place: _______________________________
(Name of Co-applicant
:_________________________________________________)
Date: __________________ & Place: _______________________________
Annexure 21.
Application to be obtained from Applicant /Co-applicant for transfer of Loan Account

(in case of Regular Full time Courses)
The Manager
Bank of Baroda
_________________
____________________
Dear Sir
Re: Transfer of our Education Loan A/c
We authorize you to transfer our Education Loan A/c to following Bank of Baroda Branch
after the Completion/Discontinuation of Study;
Branch Name : ___________________________________
City : ___________________________________
State : ___________________________________
We note that even though the Education Loan A/c being transferred for operational
convenience to any other Branch, either at my request or Bank’s instance, the Legal
Jurisdiction will remain the place where Student Borrower has executed the legal
documents.
Thanking you
1. Name & Signature of applicant
2. Name & Signature of Co-applicant
Annexure 22.
Application to be obtained from Applicant /Co-applicant for Signing the Documents

at Branch B (Branch which is in close proximity to the permanent residence of parent/at
the place of posting/service of the parents, where the Loan account is proposed to be
transferred subsequently)
The Manager
Bank of Baroda
_________________
Dear Sir
Re: Request to allow the Co-applicant to sign the Documents at Branch B
We humbly submit that the following Co-applicants are not able join the Student for
singing the loan documents at the loan Sanctioning Branch for following reason;
In view of the above circumstances, which are beyond our control, we request you to
authorise the following Co-applicants to sign the Documents at Branch B, where the Loan
account is proposed to be transferred after the Completion/Discontinuation of Study;
Co-Applicant Name : ___________________________________
This said request is submitted for the limited purpose of signing the documents by the
co-applicants at Branch B and all terms and conditions will be binding on us.
We note that in the event of Education Loan A/c being transferred for operational
convenience to any other Branch, either at our request or Bank’s instance, the Legal
Jurisdiction will remain the place where Student Borrower has executed the legal
documents.
Thanking you
1. Name & Signature of applicant

Annexure 23.
Application to be obtained from Applicant for transfer of Loan Account

(in case of Executive Development Programmes (Part Time/Weekend/Online
Programmes)
The Manager
Bank of Baroda
_________________
____________________
Dear Sir
Re: Transfer of our Education Loan A/c
I undertake to inform the Bank from time to time in writing about my relocation from
the current place of work.
In the event of my relocation/transfer to any other Place in India after the

Completion/Discontinuation of Study, I authorize Bank of Baroda to transfer my
Education Loan A/c to other Bank of Baroda Branch in India either of my choice or any
other Bank of Baroda Branch, as the Bank may deem fit.
I note that in the event of Education Loan A/c being transferred for operational
convenience to any other Branch, either at my request or Bank’s instance, the Legal
Jurisdiction will remain the place where I have executed the legal documents.
Thanking you
Name & Signature of applicant
Annexure 24.
Finacle Codes for Education Loan Schemes
Finacle Code
Disabled for fresh
Baroda Education Loan Enabled cases
Baroda Vidya LA131, LA132
Baroda Gyan LA130, LA133
Baroda Education Loan to students
of Premier Institutions LA159
Baroda Education Loan for EDP
Programmes being offered by
Premier Institutions in India LA214
Baroda Scholar LA134, LA135
Baroda Education Loan for EDP
Programmes being offered by
Premier Institutions abroad LA224
Skill Loan scheme LA190 LA138, LA182
Under Supreme Court Order (old) LA140
Baroda Manipal Education Loan
Scheme LA 153
Education Loan Interest Subsidy
Scheme LA152
Bihar Student Credit Card LA195, LA196
Annexure 25.
Guidelines: HIGHER EDUCATION AND SKILL DEVELOPMENT GUARANTEE SCHEME

FOR PURSUING HIGHER EDUCATION IN DELHI
1. INTRODUCTION
Government of NCT of Delhi, as a part of its 70 Action Points, has envisaged a
Higher Education and Skill Development Guarantee Scheme for students who
wish to pursue diploma or degree level courses or specified skill development
courses in Delhi and have done their class X and class XII from Delhi. For courses
for which the qualifying examination is class X, students who have done class X
from Delhi will be eligible under the scheme. Under the scheme, bank loans upto
Rs.10 lakhs taken by the students will be provided guarantee through a Higher
Education and Skill Development Credit Guarantee Fund to be created by the
Government for providing guarantee to the banks in case of default. Students
will not be required to furnish any collateral or margin money and the scheme will
be universal in nature regardless of the student’s background.
2. OBJECTIVE OF THE SCHEME
The Higher Education and Skill Development Guarantee Scheme outlined below
aims at providing financial support from the banking system to meritorious
students for pursuing higher education in Delhi. The main emphasis is that a
meritorious student is provided with an opportunity to pursue higher education
with the financial support from the banking system with reasonable and
affordable terms and conditions.
3. SALIENT FEATURES OF THE HIGHER EDUCATION CREDIT GUARANTEE

FUND
The scheme envisages creation of a corpus of Rs. 30 Crores called the Higher
Education and Skill Development Credit Guarantee Fund(hereinafter referred
to as the Fund), initially which will be used to provide appropriate guarantee.
Banks wishing to avail of this facility will have to pay an Annual Guarantee Fee
(AGF) of 0.50% of the outstanding amount as on the date of application of the
guarantee cover upfront to the Fund within 30 days from the date of Credit
Guarantee Demand Advice Note (CGDAN) of guarantee fee. All subsequent AGFs
could be collected on the basis of the outstanding loan amount as at the beginning
of the financial year. On default of the loan and invocation of claim, the Fund
shall settle 75% of the claims (out of the 100% of total amount under default)
after the credit facility has been recalled and the recovery proceedings have
been initiated under due process of law and the balance 25% of the claim, if any,
shall be paid after conclusion of the recovery proceedings and ascertaining the
net/final loss incurred by the lending institution. The scheme shall be confined to
education loans sanctioned by Member Banks of Indian Bankers Association (IBA)
or other Banks/Financial Institutions as identified by Govt. of NCT of Delhi.
The guarantee fee of 0.50% of the outstanding amount to be recovered from the
borrower and to be paid to the Trust.
4. ELIGIBILITY CRITERIA
4.1 Students Eligibility
 Students who wish to pursue diploma or degree or specified skill

development courses in Delhi and have done their Class-X and Class –
XII from Delhi are eligible under this Scheme. For courses for which
the qualifying examination is Class-X, students who have done Class-X
in Delhi would be eligible under this Scheme. Students who are children
of employees of Govt. of NCT of Delhi or Officials/government
servants who are posted with the Govt. of NCT of Delhi are also eligible
under this scheme.
 The student should have secured admission to a higher education

course or specified Skill development courses (diploma or degree
including bachelors, Masters and Doctoral Degree) in recognized
institutions in Delhi through Entrance Test/ Merit Based Selection
process after completion of Secondary Examination/Senior Secondary
Examination/required qualifying examination.
 The guarantee would be available for loans for all recognized

diploma/degree courses from Government Institutions
/Universities and constituent colleges of University of Delhi.It
would also be available for Private/ Self-financed Institutions
located in Delhi having NAAC/NBA/SFRC grading. The department
will persuade all the Private Institutions to get accreditation from
NAAC/NBA. Till such time, grading as given by the Third State
Fee Regulatory Committee (SFRC) set up by Directorate of Higher
Education and Directorate of Training & Technical Education may
be used for Private Institutions, since this grading is based on the
infrastructure, faculty and academic standards of the institutions
as also the costs being incurred by it.
 It would also be available for Institutions of Technical/Training
Skill Development such as courses by World Class Skill Centre or
any other technical training/skill development institutions
specified by the Government of NCT of Delhi.
 Other reputed and recognized Institutions may be considered on
the basis of employability.
 The Private Institution in which admission has been secured should
have NAAC/NBA grading.* Since presently all institutions do not
have NAAC/NBA grading, SFRC grading will also be considered for
a limited period.**
o *For private institutions having NAAC/NBA accreditation, minimum grade
of A or B is required.
**For private institutions having SFRC grading, A+ or A is required.
(SFRC grading has been given by the 3rd State Fee Regulatory Committee (SFRC)
and is based on various parameters including infrastructure, faculty and academic
standard. Institutions are advised to get NAAC/NBA accreditation at the
earliest).
A meritorious student (who qualifies for a seat under merit quota) will also
be eligible for loan under this scheme even if the student chooses to pursue
a course under Management Quota.
4.2 Courses EligibleforStudies in Delhi: (Indicative list)

 Approved courses leading to graduate/ post graduate degree and PG
diplomas conducted by recognized colleges/ universities recognized by UGC/
Government/ AICTE/ AIBMS/ ICMR etc
 Courses like ICWA, CA, CFA etc
 Courses conducted by IIT, NIFT, NLU, IIFT etc
 Regular Degree/Diploma courses like aeronautical, pilot training, shipping,
including those run by Polytechnics etc.,degree/diploma in nursing,
physiotherapy or any other discipline approved by Director General of Civil
Aviation/Shipping/Indian Nursing Council or any other regulatory body as
the case may be, if the course is pursued in Delhi.
 Skill Development Courses as may be specified by Govt. of NCT of Delhi.
Note:
1. The above list is indicative in nature. Branches can consider other job oriented
courses leading to technical/professional vocational/other degrees, post
graduate degrees/ diplomas offered by recognized institutions under this
scheme.
2. Courses other than the above offered by reputed institutions may also be
considered on the basis of employability.
3. Branches can consider other courses also, which is covered under ‘Baroda Gyan’
scheme of Education Loan for studies in India.
4. The guarantee would be available for loans for only those institutions whose
fee is regulated by the Government.
5. EXPENSES CONSIDERED FOR LOAN
i. Fee payable to college++/ school/ hostel*

ii. Examination/ Library/ Laboratory fee
iii. Insurance premium for student borrower
iv. Caution deposit, Building fund / refundable deposit supported by Institution
bills/receipts. (These expenses could be considered subject to the condition
that the amount does not exceed 10% of the total tuition fees for the entire
course)
v. Purchase of books/ equipment / instruments / uniforms***
vi. Purchase of computer at reasonable cost, if required for completion of the
course***
vii. Any other expense required to complete the course - like study tours, project
work, thesis, etc.***
viii. While computing the loan required, scholarships, fee waiver etc., if any
available to the student borrower may be taken into account.
ix. If the scholarship component is included in the loan assessment, it may be
ensured that the scholarship amount gets credited to the loan account when
received from the Government.
Notes:
++ For courses under Management quota seats considered under the
scheme, fees as approved by the State Government/Government approved
regulatory body for payment seats will be taken, subject to viability of
repayment.
* Reasonable lodging and boarding charges will be considered in case the
student chooses / is required to opt for outside accommodation.
*** It is likely that expenditure under Item Nos. vi, vii & viii above may
not be available in the schedule of fees and charges prescribed by the
college authorities. Therefore, a realistic assessment may be made of
the requirement under these heads.
6. QUANTUM OF FINANCE
Need based finance to meet the expenses worked out as per para 5 above will be
considered taking into account margins as per para 7 subject to the following
ceiling:
Studies in Delhi - Maximum upto Rs. 10 lakhs.
 Ordinarily loans upto Rs. 7.5 lakhs where conditions as prescribed under the
Credit Guarantee Fund Scheme for Education Loans (CGSEL) of Govt. of
India are satisfied can be granted by the Banks under the Govt. of India
scheme as and when the same becomes operational.
 However loans above Rs. 7.5 lakhs & upto Rs. 10 lakhs and loans in respect
of Private Institutions which presently do not have NAAC accreditation as
required under Govt. of India scheme but have SFRC grading of A+ or A and
otherwise satisfy the requirements under the scheme of Govt. of NCT of
Delhi will be covered under this scheme
7. MARGIN
Upto Rs. 10 lakhs - Nil
8. SECURITY
Upto Rs. 10 lakhs - Parents/ legal guardians to be joint borrower(s).
- No security
Note:-The loan documents should be executed by the student and the parent/ guardian
as joint-borrower.
9. RATE OF INTEREST
Up to Rs.7.50 Lacs : 1 year MCLR + 2.00 % p.a.
Above Rs.7.50 lacs: 1 Year MCLR + 1.75 % p.a.
 1% interest concession to be provided (for the entire tenure of the loan),

if interest is serviced during the study period and subsequent moratorium
period prior to the commencement of repayment. (Guidelines for 1%
concession in servicing monthly interest as mentioned as per Annexure-4
of Master Circular on Education Loan BCC:BR:107/454 dated 01.09.2015
will be applicable).
 No special concession in ROI to girl students.
 Simple interest to be charged during the study period and up to
Note:-
Servicing of interest during study period and the moratorium period till
commencement of repayment is optional for students. Accrued interest will be
added to the principal amount borrowed while fixing EMI for repayment.
10. APPRAISAL / SANCTION/ DISBURSEMENT

 Applications will be received either directly at branches or through on-line
mode. Upon receipt of application, standard acknowledgement giving a
reference number will be issued. The acknowledgement will contain contact
details of the bank official who, could be contacted in case of delay in disposal
of application.
 Domicile Certificate issued by the Tehsildar (Executive Magistrate), Revenue
Department, Govt. of NCT of Delhi, will be accepted by the Banks as proof of
domicile, if required.
 Normally, sanction/rejection will be communicated within 15 days of receipt
duly completed application with supporting documents.
 In the normal course, while appraising the loan, the future income prospect of
the student only will be looked into.
 State Level Bankers Committee (SLBC) will provide information regarding
loans sanctioned under the Govt. of India scheme to students of Delhi on
quarterly basis.
 Rejection of loan application, if any, shall be done with the concurrence of the
controlling authority of the branch concerned and under intimation to the
Directorate of Higher Education, Delhi and conveyed to the student stating
reason for rejection.
 Students may submit their loan applications either at the bank branches near
the residence of parents or to the educational institution.
 The loan to be disbursed in stages as per the requirement/ demand directly
to the Institutions/ Vendors of equipment / instruments to the extent
possible.
 Grievance Redressal Committee will be formed which will be headed by
Director, Higher Education with one member each from Indian Bankers
Association (IBA), Lead Bank, Canara Bank to handle any complaint, grievances
including those relating to cases rejected by Banks. The committee will meet
on a monthly basis or as frequently as may be necessary.
11. REPAYMENT
Repayment Holiday / Moratorium - Course period + 1 year.

 If the student is not able to complete the course within the scheduled
time, extension of time for completion of course may be permitted for a
maximum period of 2 years. If the student is not able to complete the
course for reasons beyond his control, sanctioning authority may at his
discretion consider such extensions as may be deemed necessary to
complete the course. In case the student discontinues the course midway,
appropriate repayment schedule will be worked out by the bank in
consultation with the student/parent.
 The accrued interest during the repayment holiday period to be added to
the principal and repayment in Equated Monthly Installments (EMI) fixed.
 Repayment of the loan will be in equated monthly installments for a period
of 15 years for all categories.
Note:- No prepayment penalty will be levied for prepayment of loan any time
during the repayment period.
12. INSURANCE
- Insurance cover is optional for the student borrower.
- Under the existing Group Credit Life Insurance scheme for Education Loans
entered into by BOB up with M/s.India First Insurance the facility of
providing insurance cover for Education Loan borrower is already available
which can be extended by the branches to the consenting borrowers of the
scheme.
-
13. FOLLOW UP / MONITORING
Banks will contact college / university / institutional authorities to obtain

progress report on the student at regular intervals in respect of those who have
availed loans. The UID number issued by UIDAI /PAN may also be captured in
bank’s system. Immediately on a loan becoming a Non-performing Asset (NPA),
this UIDAI/AADHAAR linkage could be used to deny benefits of any project or
scheme of Government of NCT of Delhi to an individual. Banks may enter into
Memorandum of Understanding (MoU) with the educational institutions to provide
the educational loans to the students if so desired. However the student will have
the freedom to approach any Bank as per his/her choice/convenience. There may
be an annual review of the asset quality of educational loans between banks and
educational institutions.
14. Processing Charges:

No processing charges may be levied on the loans sanctioned under the scheme.
15. OTHER CONDITIONS:
15.1 Sanction of loan to more than one child from the same family
Existence of an earlier education loan to the brother(s) and/or sister(s)

will not affect the eligibility of another meritorious student from the same
family obtaining education loan as per this scheme from the bank.
15.2 Minimum Age
There is no specific restriction with regard to the age of the student to

be eligible for education loan. However, if the student was a minor while
the parent executed Documents for the loan, the bank will obtain a letter
of ratification from him/her upon attaining majority.
15.3 Top up loans
Banks may consider top up loans to students pursuing further studies

within the overall eligibility limit, if such further studies are commenced
during the moratorium period of the first loan. The repayment of the loan
will commence provided under the scheme.
15.4 Joint Borrower
The joint borrower should normally be parent(s)/guardian of the student

borrower. In case of a married person, joint borrower can be spouse or the
15.5 No Dues Certificate
No dues certificate will not be insisted upon as a pre-condition for

considering education loan. However, banks shall obtain a declaration/ an
affidavit confirming that no loans are availed from other banks.
15.6 Disposal of loan application
Loan applications have to be disposed of in the normal course within a

period of 15 days to 1 month, but not exceeding the time norms stipulated
for disposing of loan applications under priority sector lending.
15.7 Credit Score
In case of default of loan credit score such as Credit Information Bureau

(I) Ltd. (CIBIL) of parents as well as students will be affected which will
adversely impact their capacity to take future loans as well as increases
the cost of loan.
Banks existing guidelines for scrutiny of Bureau Reports & generation of

CIBIL/Equifax reports are to be followed.
15.8 Furnishing of Documents
Students shall have to furnish to the Banks authenticated copies of

documents related to their academic performance sheet, if so desired
by the Banks.
15.9 Sharing of Student’s Progress Reports by Institutions.

In order to reduce the possibility of deliberate default, the Educational /
Technical Training/ Skill Development Institutions will be involved in the
process. They will share progress reports of the students who have taken
loans with the banks, at regular intervals, if so desired by the Banks.
Annexure - 26
Bihar Student Credit card

(Applicable in the state of Bihar)
Background Government of Bihar has formulated "Bihar Student Credit Card(BSCCS)"

for granting Education Loans to students of Bihar.
Eligibility Students who are resident of Bihar domicile and passed out 121n std from
Bihar and willing to avail education loan for Higher Education, will be
provided education loan from scheduled Banks.
Student passing 12th standard examination from institutions recognized by

Bihar Secondary Examination Board, CBSE or any other equivalent board.
Students passing Up Shashtri from institutions recognized by Bihar State
Sanskrit Education Board and Students passing Maulvi from institutions
recognized by Bihar State Madarasa Board are also benefited under the
scheme. Such Educational Institution must be located in Bihar.
Course Eligibility For any General Eduction or Professional Eduction i.e. BNB.sc·. /
Engineering / MBBS etc.
if the appiicant holds a degree, he will not be eligible for the loan for aw
.Qther eQuivalent degre.§. This provIsIon will not be applicable for
Professional and Management course.
For example, a person holding a Graduate Degree in Science cannot be
granted loan for another graduation degree in Arts, Commerce or any
other stream in Science. However, eligible applicant, holding degree in
Arts, Commerce or Science may be made eligible for pursuing MBA - or
MCA.
Age An applicant should not have completed 25 years of Age on the date of
Aoolication. ---
Coverage of expenses • Fee payable to college / Institution/university/school/hostel.
• Examination/ Liabrary / Labotory fee.
• Hostel fees / charges.
• Purchase of Books / equipments / instruments/ uniforms.
• Purchase of personal computer/ laptop
• Other study materials and stationary items.
Standard Expenses for Living and Study Materials
Sr. Items Soecified Rate

For "fl:' For "B" category For "C"
category cities category
cities cities/rural
areas
1 For students 12 X 5000 12x4000= 12X 3000
living outside p.m. 48,000/- (Forty (Thirty Six
the Hostel =60,000 Eight Thousand) p.a.
(p.a.) in the (Sixty Thousand) p.a.
case of non Thousand)
availability of p.a.
Hostel facilitv
I
Annexure 27.
Acknowledgement Performa to be obtained from Applicant/Co-applicants and
Guarantor for extending the benefit of additional moratorium.(Specimen exchange
letter)
To Date:
Name and addresses of the borrower/guarantor
_______________________________________________
_______________________________________________
Dear Sir/Madam,
Re: Extension of Moratorium period after completion of study/course in Education

Loan Account No.________________________________
We refer to your letter dated _________requesting for extension of moratorium

period after completion of course/study from the existing_____months to ____months.
We are pleased to inform you that your request has been considered favorably subject
to the following;
1. The outstanding in the loan account including principal, interest and charges debited if
any to the account as on____________is Rs._____________
Rs._____________________________________________)
2. The repayment of the loan which was due on _____________stands extended to
____________and the new repayment schedule is as under;
(Mention new repayment schedule)

3. The terms of conditions governing the loan in terms of our letter
no.____________________________ dated ____________ and Education Loan
documents dated ____________executed by you and guarantor shall be binding on you.
4. Please return duplicate copy of this letter duly acknowledged by you and the
guarantors having accepted the terms and conditions.
Yours faithfully,
Branch Manager
Acknowledgement
1. Name & Signature of applicant:
4. Name & Signature of Guarantor
Annexure 28.
Job card for Revised RBI guidelines on Restructuring and Asset Classification of
Education Loan Accounts.
RESCHEDULEMENT OF LOAN ACCOUNT
A/C No.29040600009433
Request to be sent to Regional Office (SOL 5312) through RMENU
FROM SOL ID: 2904 (Bandra Kurla Complex Branch)
MENU OPTION: RMENU
STEP ACTIVITY RELEVANT

KEY/VALUE
1 Type RMENU in the Menu Shortcut field and click <Go> Go
Limit Node Maintenance Screen will be displayed.
2 Function Select from the drop down list -A-ADD

A-Add, M-Modify-Verify, I-Inquiry, D-Delete
(Mandatory)
Click on GO button. It will take us to Next Screen.
Menu Relaxation for Branch screen will appear.

3 Menu HLARA (Select HLARA from Searcher) (Mandatory)
4 Description Reschedulement for Loan Account (By Default will
come) (Mandatory)
5 Entity Type ACCOUNT NUMBER (By Default will come) (Mandatory)
6 Click GO button
7 Account Number 29040600009433 (Enter Loan Account Number)
(Mandatory)
8 Description 290- Request of Borrower (Select from Searcher)
(Mandatory)
9 Reason for Request from the Borrower. (Type in this Tab)
Changes
11 Click on Submit Button
Next Screen display: Record Inserted Successfully for REQ_NUM :
29042017062000257362
Click OK button.
VERIFICATION OF REQUEST ID NUMBER
MENU OPTION: RMENU

KEY/VALUE
Relaxation Menu Screen will be displayed.
2 Function Select V-Verify (Select option from the drop down list
(Mandatory)
3 Sequence 29042017062000257362 (Select REQUEST ID from the
Number searcher) (Mandatory)
Click on Go Button.
Menu Relaxation Menu for Branch will display. Check and Click on SUBMIT Button.
Next Screen will show -Verified Successfully for REQUEST No:
29042017062000257362
Click on OK button
REGIONAL OFFICE (SOL 5312) WILL VERIFY REQUEST GENERATED BY BRANCH.
VERIFICATION OF REQUESTED NUMBER BY RO 1st time

SOL ID - 5312

KEY/VALUE
(Mandatory)
3 Sequence 29042017062000257362 (Select REQUEST ID from the
Number searcher) (Mandatory)
Click on Go Button
Menu Relaxation Menu for Branch will display.
4 APPROVAL MS052281 (Enter Approval Authority)
AUTHORITY
5 Approved Y (Enter Y OR N)
6 Remark Request of BKC Branch (Enter Valid Remark)
Click on Submit Button.
29042017062000257362
Click on OK button
VERIFICATION OF REQUESTED NUMBER BY RO 2nd time
SOL ID - 5312

KEY/VALUE
(Mandatory)
3 Sequence 29042017062000257362 (Enter the REQUEST ID manually)

Number (Mandatory)
Click on Go Button
Menu Relaxation Menu for Branch will display.
Click on Submit Button.
29042017062000257362
Click on OK button
AFTER VERIFICATION AT REGIONAL OFFICE WE CAN INQUIRE ABOUT THE
STATUS OF ACCOUNT
NOW WE CAN PROCEED TO RESCHEDULE THE ACCOUNT
MENU OPTION : HLARA

KEY/VALUE
1 Type HLARA in the Menu Shortcut field and click <Go> Go
Amendment/Rescheduling of Loans Screen will be displayed.
2 Function R-Rescheduling (Select from the dropdown list

I-Inquire, M-Amendment, R-Rescheduling, T-Trial
Rescheduling, V-Verify X-Cancel, (Mandatory)
3 Rescheduled P- Using Parameters (Select the from the Drop down
By List) (Mandatory)
4 A/c ID 29040600009433 (Enter the Account Number)
(Mandatory)
5 Rescheduling 09-11-2016 (Enter the Date) (Mandatory)
Date
6 Reason Code RSHRC (Select the Code from Searcher) (Mandatory)
CLICK ON GO BUTTON
Amendment/Rescheduling of Term Loans screen will appear In Payment Parameters TAB
7 No. of 170 (Enter No. of Installment to reschedule the
Instalment account) (Mandatory)
8 Normal Holiday 1 (Enter the Holiday Period in Months)
Period
Click on Validate and click on Payment Details
9 Rescheduling 290 (Enter the same reason code while taking
Notes permission from Regional Office)
Validate and click on Amortization Schedule
Check the New Schedule.
Click SUBMIT button. Account Rescheduled successfully.
VERIFICATION OF RESCHEDULEMENT
MENU OPTION: HLARA

KEY/VALUE
1 Type HLARA in the Menu Shortcut field and click <Go> Go
Amendment/Rescheduling of Loans Screen will be displayed.
2 Function V- Verify (Select from the dropdown list

I-Inquire, M-Amendment, R-Rescheduling, T-Trial
Rescheduling, V-Verify X-Cancel, (Mandatory)
3 A/c ID 29040600009433 (Select A/c ID from Searcher)
(Mandatory)
CLICK ON GO BUTTON
Amendment/Rescheduling of Term Loans screen will appear. Check all the Tabs.
Validate and click on Amortization Schedule.
Check the New Schedule.
Click SUBMIT button.
Next screen will appear.
Transaction ID: 0015538
Transaction Date: 09-11-2016
Rescheduling or amendment has been verified for the account. : 29040600009433
Click on Accept Button.
THANK YOU
Annexure - 29
MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER EDUCATION

IN INDIA AND ABROAD
2015 (Amended 2016)
1. INTRODUCTION
Education is central to the human resources development and empowerment in any country.
National and State level policies are framed to ensure that this basic need of the population is
met through appropriate public and private sector initiatives. While government endeavour to
provide primary education to all on a universal basis, public funding of higher education is
not considered feasible. Cost of education has been going up in recent times and since the
student has to bear most of the cost, there is a clear case for institutional funding in this area.
This model education loan scheme is an attempt to bring out a viable and sustainable bank
loan scheme to meet the aspirations of our society.
Knowledge and information would be the driving force for economic growth in the coming
years. The current rate of economic growth of the country demands technically and
professionally trained man power in large numbers. In this backdrop, loans for education are
seen as investments for economic development and prosperity. The model Education Loan
Scheme was developed by the Indian Banks’ Association to help meritorious students pursue
higher education in technical and professional courses. As the focus is on development of
human capital, repayment of the loan is expected to come from future earnings of the student
after completion of education. Hence the assessment of the loan will be based on
employability and earning potential of the student upon completion of the course and not the
parental income/family wealth.
Based on recommendations made by a Study Group, IBA had prepared a Model Educational
Loan Scheme in the year 2001 which was advised to banks for implementations by Reserve
Bank of India vide circular No.RPCD.PLNFS.BC.NO.83/06.12.05/2000-01 dated April 28,
2001 along with certain modifications suggested by the Government of India. In line with
the announcement made by the Hon'ble Finance Minister in his Budget Speech for the year
2004-05, IBA had communicated certain changes in the security norms applicable to
education loans with limits above ₹ 4 lakhs and up to ₹ 7.5 lakhs. The scheme was further
modified in the year 2007-08 based on experience gained in the operation of the scheme over
the years.
With increased public awareness about the benefits of the education loan scheme, bank
branches were receiving more and more applications for loans every year. This also resulted
in cases of customer grievances due to misinterpretation of the provisions of the scheme. To
make the scheme more transparent and to minimize scope for multiple interpretations leading
to disputes, a review exercise was taken up in September 2012.
The current revision enlarges the coverage under the Scheme and attempts to address some
of the weaknesses noticed. The revised scheme provides for uniform moratorium of one year
1
and longer repayment periods for the loans. The terms of sanction like margins and security
have also been relaxed for loans covered by Credit Guarantee Scheme of the Government.
Following feedback received from other stake holders, some of the suggestions brought out
in the RBI proposal for Higher Education Lending Programme (HELP) have also been
incorporated in this Scheme. The amendments to the Scheme were cleared by the Managing
Committee of the Association at its meeting held on 26th June 2015.
2. OBJECTIVES OF THE SCHEME
The Educational Loan Scheme outlined below aims at providing financial support from the
banking system to meritorious students for pursuing higher education in India and abroad.
The main emphasis is that a meritorious student, though poor, is provided with an
opportunity to pursue education with the financial support from the banking system with
affordable terms and conditions.
The scheme detailed below could be adopted by all member banks of the Association or
other banks and financial institutions as may be advised by the Reserve Bank of India. The
scheme provides broad guidelines to the banks for operationalising the educational loan
scheme and the implementing bank will have the discretion to make changes as deemed
fit.
4.1 Students Eligibility
 The student should be an Indian National.

 Should have secured admission to a higher education course in recognized
institutions in India or Abroad through Entrance Test/ Merit Based Selection
process after completion of HSC (10 plus 2 or equivalent). However, entrance test
or selection purely based on marks obtained in qualifying examination may not be
the criterion for admission to some of the post graduate courses or research
programmes. In such cases, banks will have to adopt appropriate criteria based on
employability and reputation of the institution concerned.
Note:
It would be in order for banks to consider a meritorious student (who qualifies
for a seat under merit quota) eligible for loan under this scheme even if the
student chooses to pursue a course under Management Quota.
4.2 Design elements for classification of education loans

It is proposed to classify the education loan portfolio into three categories viz.
a. Loans to students admitted to top rated institutions
2
b. Loans to students admitted to other domestic institutions
c. Loans to students seeking studies abroad.
It is expected that depending upon risk perception, reputation of the institution
and employability of the students banks will be able to fine tune their terms and
conditions of sanction suitably to these categories.
The guidance note attached to the scheme gives elaboration of design elements for
classifying educational loans
5. COURSES ELIGIBLE
5.1. Studies in India: (Indicative list)
 Approved courses leading to graduate/ post graduate degree and

P G diplomas conducted by recognized colleges/ universities
recognized by UGC/ Government/ AICTE/ AIBMS/ ICMR etc.
 Courses like ICWA, CA, CFA etc.
 Courses conducted by IIMs, IITs, IISC, XLRI. NIFT,NID etc.
 Regular Degree/Diploma courses like Aeronautical, pilot training,
shipping, degree/diploma in nursing or any other discipline
approved by Director General of Civil Aviation/Shipping/Indian
Nursing Council or any other regulatory body as the case may be, if
the course is pursued in India.
 Approved courses offered in India by reputed foreign universities.
Note:
1. The above list is indicative in nature. Banks may approve other
job oriented courses leading to technical/ professional degrees,
post graduate degrees/diplomas offered by recognized
institutions under this scheme.
2. Courses other than the above offered by reputed institutions

may also be considered on the basis of employability.
Reference : www.ugc.ac.in, www.education.nic.in, www.aicte.org.in
5.2 Studies Abroad
 Graduation : For job oriented professional/ technical courses

offered by reputed universities.
 Post-graduation: MCA, MBA, MS, etc.
 Courses conducted by CIMA- London, CPA in USA etc.
 Degree/diploma courses like aeronautical, pilot training, shipping
etc provided these are recognized by competent regulatory bodies
3
in India India /abroad for the purpose of employment in
India/abroad.
Reference: www.webometrics.info (indicative only)
5.3 Expenses considered for loan
i. Fee payable to college++/ school/ hostel*

ii. Examination/ Library/ Laboratory fee
iii. Travel expenses/ passage money for studies abroad
iv. Insurance premium for student borrower, if applicable
v. Caution deposit, Building fund / refundable deposit supported by Institution
bills/receipts. **
vi. Purchase of books/ equipments/ instruments/ uniforms***
vii. Purchase of computer at reasonable cost, if required for completion of the
course***
viii. Any other expense required to complete the course - like study tours, project
work, thesis, etc.***
ix. While computing loan required, scholarships, fee waiver etc., if any available
to the student borrower may be taken into account.
x. If the scholarship component is included in the loan assessment, it may be
ensured that the scholarship amount gets credited to the loan account when
received from the Government.
Notes:
++ For courses under Management quota seats considered under the scheme, fees
as approved by the State Government/Government approved regulatory body
for payment seats will be taken, subject to viability of repayment.
* Reasonable lodging and boarding charges will be considered in case the

student chooses / is required to opt for outside accommodation.
** These expenses could be considered subject to the condition that the

amount does not exceed 10% of the total tuition fees for the entire course.
*** It is likely that expenditure under Item Nos. vi, vii & viii above may not be
available in the schedule of fees and charges prescribed by the college
authorities. Therefore, a realistic assessment may be made of the
requirement under these heads. However, the maximum expenses included
under vi, vii & viii may be capped at 20% of the total tuition fees payable for
4
Need based finance to meet the expenses worked out as per para 5.3 above will be
considered taking in to account margins as per para 7 subject to the following
ceilings:
- Studies in India - Maximum upto ₹ 10 lakhs.
- Studies Abroad - Maximum upto ₹ 20 lakhs.
Note:-
Banks may consider capping stream wise/ institution wise cap on education loan amount
by taking into account reputation and placement history of the education institution
concerned. Banks may consider higher quantum of loan on course to course basis (eg:
courses in IIMs, ISB etc). It may also be noted that even loans in excess of ₹ 10 lakhs
qualify for interest subsidy under Central Sector Interest Subsidy Scheme for loans up to
₹ 10 lakhs, though it may exceed priority sector norms fixed by the RBI.
7. MARGIN
Upto ₹ 4 lakhs Nil
Above ₹ 4 lakhs Studies in India 5%

Studies Abroad 15%
However, upto ₹ 7.5 lakhs loan is eligible for the Credit Guarantee coverage.
- Scholarship/ assistantship to be included in margin.
- Margin may be brought-in on year-to-year basis as and when disbursements are made
on a pro-rata basis.
8. SECURITY
Upto ₹ 4 lakhs No security

Parents to be joint borrower(s). However, banks will have
discretion to waive this clause.
Above ₹ 4 lakhs Besides the parent(s) executing the documents as joint

and up to ₹ 7.5 lakhs borrower(s), collateral security in the form of suitable
third party guarantee will be taken. The bank may, at its
discretion, in exceptional cases, waive third party
guarantee if satisfied with the net-worth / means of
parent/s who would be executing the document as joint
borrower(s).
However, third party guarantee will be waived if the loan

is eligible for Credit Guarantee coverage.
Above ₹ 7.5 lakhs Parent(s) to be joint borrower(s)

5
Tangible collateral security of suitable value acceptable to
bank, along with the assignment of future income of the
student for payment of installments.
Note:-
 The loan documents should be executed by the student and the parent/ guardian as
joint-borrower.
 The security can be in the form of land/ building/ Government securities/ Public
Sector Bonds/Units of UTI, NSC, KVP, life policy, gold, and shares/mutual fund
units/debentures, bank deposit in the name of student / parent / guardian / any other
third party or any other tangible security acceptable to the bank with suitable margin.
 Wherever the land/ building is already mortgaged, the unencumbered portion can be
taken as security on second charge basis provided it covers the required loan amount.
9. RATE OF INTEREST
Interest to be charged at rates linked to the Base Rate / MCLR as decided by individual
banks. Banks may charge differential interest rates for collateralized and non-
collateralised loans.
 Simple interest to be charged during the study period and up to commencement of

repayment. Simple interest may be charged even during any subsequent moratorium
considered.
Note:-
Servicing of interest during study period and the moratorium period till commencement of
repayment is optional for students. Accrued interest will be added to the principal amount
borrowed while fixing EMI for repayment.
10. APPRAISAL / SANCTION/ DISBURSEMENT
 Applications will be received either directly at bank branches or through on-line

mode. Upon receipt of application, standard acknowledgement giving a reference
number will be issued. The acknowledgement will contain contact details of the
bank official who, could be contacted in case of delay in disposal of application.
 Normally, sanction/rejection will be communicated within 15 days of receipt duly
completed application with supporting documents.
 In the normal course, while appraising the loan, the future income prospect of the
student only will be looked into.
 Rejection of loan application, if any, shall be done with the concurrence of the
controlling authority of the branch concerned and conveyed to the student stating
reason for rejection.
6
 Students may submit their loan applications either at the bank branches near to the
residence of parents or to the educational institution. However, after the loan is
sanctioned, the cases be transferred to the bank branch near to the institution for
follow up with student / institution.
 The loan to be disbursed in stages as per the requirement/ demand directly to the
Institutions/ Vendors of equipments / instruments to the extent possible.
11. REPAYMENT
Repayment Holiday / Moratorium: Course period + 1 year.

Banks may also provision for moratorium taking into account spells of under-
employment/unemployment, say two or three times (maximum of 6 months at a time)
during the life cycle of the loan. Banks may also encourage student borrowers who
want to set up start-up units by giving moratorium on repayment of principal and
interest during incubation period which may be considered up to 2 years.
If the student is not able to complete the course within the scheduled time, extension of
time for completion of course may be permitted for a maximum period of 2 years. If the
student is not able to complete the course for reasons beyond his control, sanctioning
authority may at his discretion consider such extensions as may be deemed necessary to
complete the course. In case the student discontinues the course midway, appropriate
repayment schedule will be worked out by the bank in consultation with the
student/parent
 The accrued interest during the repayment holiday period to be added to the
principal and repayment in Equated Monthly Instalments (EMI) fixed.
 1% interest concession may be provided by the bank, if interest is serviced
during the study period and subsequent moratorium period prior to
 Repayment of the loan will be in equated monthly instalments for a period of 15
years for all categories.
 While EMI based repayment is the generally accepted practice, many times the
salary levels at the start of the career may not facilitate comfortable payment of
EMI in certain cases (e.g. professionals like Doctors). Telescoping of repayment
with stepped up instalments with passage of time may be considered in such cases.
Note:-
No prepayment penalty will be levied for prepayment of loan any time during the
repayment period.
12. INSURANCE
Banks may, make it mandatory to arrange for life insurance policy on the students
availing Education Loan. Individual Banks may work out the modalities with insurance
companies.
7
13. FOLLOW UP / MONITORING
Banks to contact college / university authorities to obtain progress report on the student at
regular intervals in respect of those who have availed loans. In case of studies abroad,
bank may obtain the Social Security Number (SSN) / Unique Identification Number
(UIN) / Identity Card and note the same in the bank’s records. The UID number issued
by UIDIA may also be captured in bank’s system as and when available. Banks to enter
into Memorandum of Understanding (MoU) with the educational institutions to provide
the educational loans to the students. There should be an annual review of the asset
quality of educational loans between banks and educational institution.
14. PROCESSING CHARGES
No processing / upfront charges may be levied on loans sanctioned under the scheme.
(Banks may charge processing fee for considering loans for studies abroad. The fee
would however, be refunded upon the student taking up the course).
Note: However, the student applicant may be required to pay fee /charges, if any levied by
third party service providers who operate common portal for lodging loan applications.
15. CAPABILITY CERTIFICATE
Banks can also issue the capability certificate for students going abroad for higher studies.
For this purpose financial and other supporting documents may be obtained from
applicant, if required.
(Some of the foreign universities require the students to submit a certificate from their
bankers about the sponsors' solvency/ financial capability, with a view to ensure that the
sponsors of the students going abroad for higher studies are capable of meeting the
expenses till completion of studies.)
8
16. OTHER CONDITIONS:
16.1 Sanction of loan to more than one child from the same family
Existence of an earlier education loan to the brother(s) and/or sister(s) will not
education loan as per this scheme from the bank.
16.2 Minimum Age
There is no specific restriction with regard to the age of the student to be eligible
for education loan. However, if the student was a minor while the parent executed
documents for the loan, the bank will obtain a letter of ratification from him/her
upon attaining majority.
16.3 Top up loans
Banks may consider top up loans to students pursuing further studies within the
overall eligibility limit.
16.4 Joint Borrower
The joint borrower should normally be parent(s)/guardian of the student borrower.

In case of a married person, joint borrower can be either spouse or the
16.5 No Due Certificate
No due certificate will not be insisted upon as a pre-condition for considering education
loan. However, banks may obtain a declaration/ an affidavit confirming that no loans
are availed from other banks.
16.6 Disposal of loan application
Loan applications have to be disposed of in the normal course within a period of 15 days
to 1 month, but not exceeding the time norms stipulated for disposing of loan applications
under priority sector lending.
************
9
Annexure - 30
REVISED GUIDANCE NOTES ON MODEL EDUCATIONAL LOAN SCHEME

FOR PURSUING HIGHER EDUCATION IN INDIA AND ABROAD
2015 – [Amended 2016]
I. Introduction
Educational Loan Scheme is a socially and economically relevant loan scheme from the
Indian banking industry. Rightly, the RBI has included education loans as part of the
priority sector lending of banks. It aims to provide need-based finance to meritorious
student for taking up higher education.
In any commercial lending decision, credit worthiness of the borrower and the viability of
the scheme are important. The student borrower has no credit history and as such he is
assumed to be creditworthy as this is a futuristic loan. However, it is likely that the joint
borrower for the loan has a credit history and any adverse features could have a bearing
on the assessment of credit risk. If the joint borrower has a loan account with the bank
and the loan is treated as non-performing asset, the bank runs the risk of having to
consider the student loan also as NPA ab-initio. To overcome this, the bank may, as a
prudent measure insists on a joint borrower acceptable to the bank, in case of adverse
credit history of the parent/guardian of the student.
II. Objectives of the scheme
The educational loan scheme is meant to provide need-based assistance to meritorious

students in pursuing higher education. Since the word “meritorious” is a relative term it
would be necessary for banks to specify parameters for defining the term meritorious.
The following approach is suggested:
If the student has obtained admission to an eligible course through a merit based selection
process, he/she could be considered a meritorious student. Generally, admission to
professional and technical courses are through common entrance tests and those who get
admission through this process could be considered meritorious. Where the admission is
purely based on the marks scored in qualifying examinations, the bank may fix cut-off
marks (percentage) for loan eligibility.
1
Very often enquiries are made whether the model scheme covers students who are
getting admission against management quota. Management seats or management
quota refers to the seats in private education institutions for which the management
has discretion to give admission on factors other than merit. Usually, out of permitted
seats for the batch, a certain percentage is earmarked to be filled from State level
merit list and the rest are allowed to be filled by the management at their discretion.
Usually for the management seats the only requirement would be passing of the
qualifying examination with certain minimum stipulated marks. It is logical to
interpret that these seats do not qualify for being called “meritorious”
Banks have reported certain cases where the employment potential would not justify
the fee structure for management seats from the point of repayment of the loan being
sought. Hence, any loan considered by banks for students getting admission under
management quota would be outside the model scheme. Banks may fix appropriate
terms and conditions for such loans. However, a student getting admission offer
under merit quota may choose to take up a course under management quota as a
personal preference. Such students may be sanctioned loans under this Model
Scheme.
III. Applicability of the Scheme
The Model Scheme has been developed for the benefit of the member banks of the
Association. However, other banks and financial institutions can also adopt the
model without reference to the Association.
IV. Eligibility Criteria
IV.i. Student Eligibility
For the purpose of this scheme higher education is defined as studies taken up after
completion of higher secondary school i.e. ten plus two stage. The need for bank
loan scheme came for discussion in the country for meeting higher levels of fees
charged by private managements for technical and professional courses consequent
to ban on capitation fee. However, in the model scheme a generalized definition has
been adopted for higher studies for wider coverage. It is expected that the banks
will decide on the courses for which they will be giving student loans based on
employability and consequent ability to repay the loan.
References are often made about the eligibility of students pursuing employment
oriented courses like teachers training courses and 3-year technical diploma courses
in polytechnic institutions after completion of 10th standard. It is clarified that banks
are free to include such employment-oriented courses as eligible course provided
they are offered by approved/recognized colleges/institutions. The 3 year diploma
courses are also covered as eligible courses under ‘IBA Model Loan Scheme for
Vocational Education and Training’.
2
It need to be noted that while the Central Sector Interest Subsidy Scheme of
MoHRD is based on ‘IBA Model Educational Loan Scheme’, the subsidy is
applicable only for loans given for Professional and Technical courses (after 12th
standard) in India.
IV.ii. Courses eligible
a. Studies in India
The list of courses given in the model scheme is purely indicative in nature. The
important thing is that the course is approved / recognized by the designated
academic authority/regulatory body for the stream of study concerned.
Links to the web sites of the University Grants Commission (UGC), All India
Council for Technical Education (AICTE) and the Ministry of HRD (MoHRD)
have been provided in the model scheme to serve as guidance on courses and
approving authorities for various courses, which fall within the definition of
higher studies.
Banks may prepare and publish a list of eligible courses they would consider for
sanctioning of student loans. Since employability of students on the completion
of the course is an important consideration for loan approval, banks may
consider introducing a system of assessing the employability of students through
the campus placements system. Details such as percentage of final year
students getting job offers through campus placement, average salary offers etc.
may be collected in respect of colleges / institutions from which most loan
applications were received in the past for evaluation of employability of
students. This exercise should be done on an on going basis to reflect the
current status.
Since employability is the main criteria for decision making, it would be in

order for banks to consider financing for studying part-time courses (evening
classes or otherwise).
Job oriented specialized programmes like maritime courses which are offered in
collaboration with foreign institutions may not be having recognition in India.
However, if the placement record of such institution gives confidence about
employability, banks may, at their discretion consider financing such courses.
Similarly, financial assistance for pursuing research work could also be

considered for financing on merit.
Note:
While evaluating employability and repayment possibilities, banks should take

into consideration, availability of interest subsidy under the MoHRD Central
Sector Scheme introduced w.e.f. 1.4.2009. Under the scheme, the Central Govt.
3
subsidises 100% of the loan’s interest during the study period and subsequent
moratorium period before commencement of repayment. It is expected that the
interest subsidy could bring the EMI for repayment by as much as 30 to 40%.
The student hailing from economically weaker section family would benefit
from this scheme.
b. Studies Abroad
Diploma courses and certificate courses have not been included as eligible
courses for the scheme. Post graduate studies leading to PG degrees and PG
diplomas offered by reputed institutes/universities only will be covered by the
scheme. Assessment of employment potential or future prospects is very
important criterion considering the higher cost of studies involved. The web link
given in the scheme is for guidance and there could be other links/sources
giving such useful information.
c. Expenses considered
The Model scheme is aimed at meeting all genuine study expenses of a student
required to complete the study undertaken. It needs to be noted that sometimes,
the fee structure varies with type of college/institution within the same State for
a given course. The fees charged by the government colleges/institutes are
generally the lowest, with higher fees permitted in aided private
colleges/institutions; fee structure being highest in unaided private
colleges/institutes. Sometimes the difference between the lowest and highest fee
structure levied for the same course by different colleges/institutions is too high
to give comfort to a banker in taking credit decision as employment prospects
remain same. A practical approach would be to consider approved fee structure
for merit quota seats in all colleges/institutions, provided banks are satisfied
about repayment prospects on employment.
d. Rating as an assessment tool
Banks could use rating of education institutions and student as a tool for
targeting students borrowers and improving asset quality. External data on
rating of various education institutions may be available in public domain. The
track record of the institution in terms of percentage placement and average
emoluments offered to passing out student would be useful information in
creating rating matrix. Similarly, along with the rating of institutions, banks
could also attempt rating of students. Academic record and ranking in the
selection test would be core for the initial rating. To this, the academic record
during the study period could be added to revise the students rating from year
to year. Students getting admission to highly rated institutions and students
who have high rating for themselves could be offered loans with lower rate of
interest.
4
Besides weightage to ranking of institute and merit of students ranking of courses
offered by the educational institution be done on the basis of placements record of
the institution concerned.
V. Quantum of finance
While assessing the quantum of finance, banks should ensure that a student is
neither over financed or under financed. It would be necessary to take into
account Scholarships / concessions etc., if the student is entitled to, before fixing
the limit for sanction. At the same time, if some of the genuine expenses are left
out or remains uncovered, the student will find difficulty in completing the course
with consequent stress on repayment.
Banks should ensure that the government scholarships or scholarships from any
source are credited to the loan account, if the scholarship amount was not netted
off while fixing quantum of finance.
VI. Margin
VII. Security --
VIII. Rate of interest
In the past, interest rates were linked to the BPLR of banks. With effect from 1st
July 2010, the banking system has switched over to base Rate / MCLR linked
product pricing for loans and advances. The new system is more transparent and
expected to result in better risk based pricing of loans in the country. Also, market
competition is expected to bring down interest spreads. Hence it is proposed to
leave the interest rates free for banks to decide at their end. However, it is
proposed to retain 1% interest concession for servicing of interest during
study/moratorium period. It is also expected that the banks will charge relatively
lower rates for loans up to ₹ 4 lakhs and continue concessions hitherto being
given to girl students. It will also be open to banks to offer differential interest
rates based on rating of courses/institutions or even students.
5
IX. Appraisal/Sanction/Disbursement
The model scheme does not look at the financial position of parents while
evaluating loan to a meritorious student. Repayment possibilities have to be based
on projected future earnings of the student on employment after education. To
avoid subjectivity in assessment, it is suggested that the banks may fix from time
to time earning potential for various courses, percentage of income to be
considered for repayment etc. A well laid appraisal procedure will ensure that the
decision to sanction an education loan is based on sound commercial logic,
besides serving a noble social cause.
The suggestion that bank branches nearest to the residence of parents to consider
the loan application was given for better tracking of students during and after
study period. Banks are, however, free to adopt different norms to suit their
business plans.
X. Repayment
Repayment period has been increased to give greater comfort to the student
borrowers to repay the loan out of their future earnings. Prepayment options are
also provided for persons who would like to clear the loan faster out of better than
anticipated earnings. No prepayment charges are to be levied in such cases.
XI. Insurance
Insurance policy should be obtained only with the prior consent of the student
borrower. This is more so relevant in case of loans up to ₹ 4 lakhs where the bank
loans are without any security. The clause regarding insurance has been included in
the scheme to provide a life cover to the student.
XII. Follow Up/Monitoring
Monitoring academic progress of the student is necessary for the success of the
Scheme. Considering that all banks are now on CBS, it is suggested that
irrespective of the branch where loan is sanctioned, monitoring of loans during the
study period may be entrusted to the branch dealing with the institution or the one
located nearer to the educational institution. Generally, college authorities will
provide progress report after every semester / year.
Member banks may note that professional colleges allow students to move to the
higher class even if they fail in a few subjects in the examination for previous
year/semester. The disbursement of subsequent installments should not be stopped
for the reason that the student has failed in one or two subjects in the examination
provided he has been allowed to keep terms.
6
The Banks may also explore the possibility of sending payment towards the fees to
the institutions through electronic channels. Progress reports may also be received
electronically wherever possible.
XIII. Tracking of students
It is found that banks will be able to track the student after completion of the
course effectively if co-ordinated with the education institutions. Educational
institutions will be able to provide placement details and in some cases changes in
the initial years after education. The alumni forums of educational institutions
can also give valuable feedback.
Many banks obtain Permanent Account Number (PAN) for its value in future
tracking. However, as most of the students may not require PAN during education
period, submission of PAN details should not be made a pre-condition for loan
sanction. However, considering the ease of registering PAN, the students may be
asked to submit PAN during the course of studies.
Aadhaar Card issued by the Unique Identification Authority of India is also seen as
a unique identifier for future tracking. While Aadhaar registration should not be
made a pre-condition for loan sanction, it is suggested that banks may obtain the
Aadhaar for their record before the student completes the full course of studies.
Accordingly, suitable clause may be included in the sanctioned letter.
XIV. Processing Charges --
XV. Capability Certificate --
*****
7
Annexure - 31
SKILL LOAN SCHEME
1. INTRODUCTION
Given a huge thrust on skill development in recent years, a need is felt to provide
institutional credit to individuals for taking skill development courses aligned to National
Occupations Standards and Qualification Packs and leading to a
certificate/diploma/degree by the Training Institutes as per National Skill Qualification
Framework (NSQF). Thus, “Skill Loan Scheme” has been developed to support the
national initiatives for skill development.
2. OBJECTIVE
Skill Loan Scheme (herein after called „Skilling Loan‟) aims at providing a loan facility to
individuals who intend to take up skill development courses as per the Skilling Loan
Eligibility Criteria.

This scheme is applicable to all member banks of IBA and any other banks and financial
institutions as may be advised by the RBI. The scheme provides broad guidelines to the
banks for operationalizing the skilling loan scheme and the implementing bank will have
the discretion to make changes as deemed fit. The scheme may also be applicable to
Microfinance Institutions (MFIs) and other financial institutions regulated by RBI.
4.1 Training Institutes: 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.
4.2 Training Courses: Courses run by above mentioned Training Institutes (in 4.1) aligned
to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan.
There is no minimum course duration.
1|Page
4.3 Nationality : The applicant should be an Indian National
4.4 Minimum Age : There is no specific restriction with regard to the age of the
student to be eligible for skilling loan. However, if the student is a minor, while the
parent executes documents for the loan, the bank will obtain a letter of
acceptance/ratification from him / her upon attaining majority.
4.5 Minimum Qualification: As required by the enrolling institutions/organizations as per
NSQF.
4.6 Know your customer (KYC) norms: Aadhar number will also be considered as a valid
proof for KYC norms in addition to other identity and address proof as determined by
respective banks/ lending institutes
Loans will be in the range of Rs. 5,000/- to Rs. 150,000/-. The estimated per month fees,
based on sector & NSQF level, will be available with the NSDC. Skill loan could be
availed by beneficiaries of other grant/reward based Government schemes for skill
training to cover the cost of such skill training not covered under such grant/reward.
6. EXPENSES CONSIDERED FOR LOAN

6.1. Tuition / course fee. Banks shall pay such tuition / course fee directly to the Training
Institute
6.2. Any other reasonable expenditure found necessary for completion of the course
including but not limited to assessment fee, Examination fee, Library charges,
Laboratory fee, Caution deposit, Purchase of books, equipment‟s and instruments (As
such courses are localized boarding, lodging may not be necessary based on the cost of
living in the particular area. However, wherever it has been found necessary, the same
could be considered on merit).
7. MARGIN
The banks/MFIs can charge a nominal margin money as down-payment from the
student, to keep the student serious about the course. However, the down-payment and
the amount paid as Interest during the course (Clause11) together should not exceed
10% of the total course amount.
2|Page
8. RATE OF INTEREST
Interest rate to be charged linked to the base rate of banks as decided by the individual
banks or at reduced rate, if an interest subsidy is provided by the Central / State Govt. to
all or a class of beneficiaries proposed to be targeted. Simple Interest will be charged
during the study period and upto commencement of repayment.
Note :
• Servicing of interest during study period and the moratorium period till
commencement of repayment is optional for students.
• 1% interest concession may be provided by the bank, if interest is serviced
during the study period and subsequent moratorium period prior to commencement of
repayment.
9. PROCESSING CHARGES
No Processing fee will be charged by Banks/MFIs.
10. SECURITY
No collateral for such skilling loan will be taken. Banks have option to apply to the
National Credit Guarantee Trust Company Ltd (NCGTC) for credit guarantee against
defaults and NCGTC will provide such guarantee at nominal guarantee fee which shall
not exceed 0.5% of the amount outstanding. Such credit guarantee cover will be for a
maximum of 75% of the outstanding loan amount (including interest, if any). In special
cases such as the North Eastern region (NE) and Left Wing Extremism (LWE) affected
areas the percentage may be increased on the discretion of NCGTC. Banks may like a
diversion on whether to pass on levy of guarantee fee to the borrower or not.
11. MORATORIUM PERIOD

In order to instill repayment behavior and get some commitments from the students, the
bank may have installment during the course period itself. However, the total amount
paid by the student as down-payment (Clause 7) and EMI during the course together
should not exceed 10% of the total course value.
However, it is advised that the banks consider moratorium for specific courses or certain
sections of the students. Upon completion of the course, repayment will start after a
moratorium period as indicated below:
3|Page
Courses of duration upto 6 months from the completion of the course
upto 1 year
Courses of duration 12 months from the completion of the course
above 1 year
The banks will have flexibility to choose the structure of repayment - flat Equated
Monthly Instalments (EMI), tube payments or moratorium period as deemed fit for
various sectors and student categories.
12. REPAYMENT
The loan will have a tenure as follows:
Loans upto ₹ 50,000 - Upto 3 years
Loans between ₹ 50,000 to ₹ 1 lakh - Upto 5 years
Loans above ₹ 1 lakh - Upto 7 years
13. INSURANCE
Optional at the requirement of the borrower
14. PREPAYMENT
The borrower can repay the loan any time after commencement of repayment without
having to pay any prepayment charges. In case a student is not able to complete the
course because of accident/death/disability the bank can seek a pro-rata reimbursement
of the unfinished portion of the course amount from the training institute. This will reduce
the loan burden on the student.
15. Bank Mitra

Services of Bank Mitra may be used by the Banks/MFIs to popularize the scheme. Such
Bank Mitra will work as a bridge between bank, training institute and trainee/ loan
aspirants. However, at no point of time can a training institute or an entity with a
significant stake in training (students of which will get the loan) be involved as Bank
Mitra. Training institutes and lending architecture (entities and people down to the last
mile) should be kept at arm's length to avoid any moral hazard or miss-selling of the loan
scheme. A bank employee or its bona fide agency representative should necessarily
meet the student to explain the loan details.
******
4|Page
Annexure 32.
Job card for “EDULOANM” Menu for lodgment of Interest Subsidy Claims
JOBCARD - EDULOANM
MENU OPTION: EDULOANM

 For lodging claims of education loan accounts in EDULOANM menu, the email id
and DOB should be present at customer id level.
 If DOB and email id is not present at customer id level, then add and verify the
same using MRCR and VRCM menu respectively.
 There is no validation on email id type or preferred email type for lodgment of
claims.
 The college name field is freetext field and if college name is not present on the
list then it can be entered manually.
 In subject name field, if the selected option is 14 (others) then in other subject
name field the subject name can be entered manually.
 A new Claim amount field is added in the said menu for entering the claim amount.
Note: While entering account number in EDULOANM menu, oblique(/) or short form
of account (ex. 290406/6789) should not be used as it will throw runtime error.
1. ADD – Add the account for lodging claims.

 As shown in screenshot below, the account can’t be added as email/DOB is not
available.
 Go to MRCR menu, add the email id/DOB.
 Go to VRCM menu, verify the changes done through MRCR menu.
 Now, lodge the claim using EDULOANM menu.
 For CSIS category, the subsidy eligible flag should be ‘Y’.
 In college name field, enter the college name manually if not present on the list.
 In subject name field, if selected option is 14 – others then Other subject name
field will get editable and the required subject name can be entered manually.
 Income Certificate Number must contain atleast one Alphabet.
 Subsidy under CSIS is not available for Foreign Study
 In Claim amount field, enter the amount to be claimed. This field is mandatory.
Claim
amt. field
2. VERIFY – Verify the above added record.
 As shown in below screenshot, record verified successfully.
_________________________________________________________________
_______
For any assistance, Branch may lodge a request at Global Help Desk Portal URL
http://helpdesk.bankofbaroda.co.in:8080/SM/ess.do
OR
Contact on 999999 through IP Phone
OR
LOCAL HELP DESK /CBS operations team may be contacted.
Annexure 33
DRAFT FORMAT of income certificate for Education Loan Interest Subsidy
CERTIFICATE
This is to certify that Shri/ Smt…………………………………………………………………………………………… S/o

or D/o ……………………………………………resides at………………………..………………………………….
………………………………………………….. His /her annual gross family income from all sources for
the year ………………………….is Rs……………..………… (Rupees…………………………………………..)
This certificate is issued for the purpose of claiming Interest Subsidy under the Scheme
of the Ministry of HRD, Government of India for pursuing approved courses of studies
in Technical & professional streams from recognized institutions in India, for his son /
daughter Mr./Ms…………………………………..
The signature of Shri /Smt…………………………………………………is attested here below.
Signature………………………………………..
Signature of Designated Authority

Name…………………….
SEAL
Place:………………….
Date:……………………
Annexure 34
AGREEMENT
(To be stamped as an Agreement)

(Between the Student/Borrower and the Branch of the Bank)
This Agreement for availing of interest subsidy under the Central Sector Scheme of
Interest Subsidy on Student’s Loan for Professional Education in India made at
__________ on this ______ day of _______ in the year _________ .
BETWEEN
Sri / Smt, _________ ( Parent / Guardian) S/o D/o ___________ aged ______ Years,
residing at
_________________________________________________________________
_______________________________________________
AND
Sri / Smt. ________________________(Student) S/o D/o ___________ aged

_______ Years, residing at ___________ represented by father/ guardian Sri/ Smt.
_______________ S/o D/o __________ aged ________ years, residing at
_____________
_________________________________________________________________
__________________
Parent and Student hereinafter jointly called the Borrowers and individually as Borrower
of the FIRST PART (which term wherever the context so requires or admits shall also
include his/ her/ their heirs, executors and assigns).
AND
Bank of Baroda, a body corporate constituted under the Banking Companies [Acquisition
& Transfer of Undertakings] Act, 1970 having its Head Office at Mandvi, Baroda and
having among other Offices, a branch office at __________ represented by their duly
constituted attorney Sri/ Smt _________ hereinafter called the ‘Bank’ (which
expression wherever the context so requires or admits shall also include its Attorneys,
Administrators, Sucessors and Assigns) of the OTHER PART.
Borrowers and Bank of Baroda shall be individually referred to herein as a ‘Party’ and
collectively as ‘Parties’
WHEREAS
1. The Borrowers availed/ intend to avail Educational Loan from the Bank and the Bank
sanctioned/agreed to sanction Rs. _________(Rupees ______ )
for pursuing technical / professional education in India. The Borrowers in
consideration of the said sanction / promise has executed / shall execute the
Educational Loan Agreement, besides such other agreement/s or security/ies as per
the Model Educational Loan Scheme.
2. Integrated Finance Division, Department of Higher Education, Ministry of Human

Resource Development, Government of India (MOHRD) has come out with a Central
Sector Scheme of Interest subsidy on Students’ Loan for Technical/ Professional
Education in India (hereinafter called the interest Subsidy Scheme) to provide
interest subsidy on the education loans availed by students having lower than a
specified parental income as decided by the MoHRD in the said Scheme for pursuing
professional education in India, during their study / repayment holiday, from the
Academic Year 2009-2010.
3. The Borrowers represented that they are eligible for interest subsidy under the said
interest Subsidy Scheme and requested the Bank to grant such benefit to them.
4. Based on the documents submitted by the borrowers, the Bank agreed to extend the
benefit under the said interest Subsidy Scheme to the borrowers and the parties
hereto desire to enter into an agreement setting out the terms and conditions as
hereafter appearing, in addition to the loan/ security documents executed / to be
executed by the Borrower/s.
IT IS HEREBY AGREED AND DECLARED BY AND BETEWEEN THE PARTIES AND

THIS DEED WITNESSETH AS FOLLOWS :
1. The borrowers hereby covenant :
a) That they have read and understood the Interest Subsidy Scheme of the MoHRD
which is enclosed as part of this Agreement and declare and affirm that they are
eligible under the said Scheme and are eligible for the interest subsidy as per the
said Scheme.
b) That they shall produce all proof and documents or any other further / supporting
documents as required by the Bank / MoHRD.
c) That all the clauses contained in the Educational Loan Agreement or any other
documents executed by them shall be binding on them and this is in addition to
the covenants / clauses contained in the said Agreement / documents.
d) That they shall return/ refund the amount received towards interest subsidy
under the Scheme, with applicable rate of interest then prevailing, forthwith on
a mere demand by the Bank under the following circumstances :
i) if MoHRD rejects the interest subsidy claim in respect of their Educational Loan
Account for whatever reasons; or
ii) if isis found that the subsidy has been claimed by misrepresentation / fraud; or
iii) if Borrower/s fail/s to furnish the documents / information, which they are
called upon to furnish; or
iv) if Borrowers commit breach of any of the covenants herein contained or of the
terms and conditions of the Scheme as amended from time to time or any of the
declarations made herein is found false/ incorrect; or
v) if the Borrowers commit breach of any of the covenants contained in the
Educational Loan Agreement or any other document/s executed by the
borrower/s; or
vi) if the Borrower/s discontinue the said professional education in India; or
vii) Any other reason by which the Bank recalls the said Educational Loan.
The repayment holiday/ other eligibility as is available under the Model Educational Loan
Scheme shall not be eligible for the subsidy.
The Bank shall also have the right to recall the loan, if the said refund did not made
within the period stipulated by the Bank in its demand, besides the right not to claim
further reimbursement from the MoHRD.
e) That they shall directly take up with MoHRD, in case of rejection of their interest
subsidy claim submitted by the Bank and the Bank shall not be made a party to
the same. Borrowers shall, on receipt of such intimation from the Bank/ MoHRD,
submit further clarification/ documents, if any, required by the MoHRD.
f) That they shall, comply with and faithfully observe all the terms and conditions
of the said interest Subsidy Scheme and also all the subsequent amendment and
modifications and additions thereto together with the conditions of the sanction
of the said Educational Loan.
That they shall bear all expenses required in connection with the execution of the
Agreement or enforcement of its terms and conditions.
IN WITNESS WHEREOF BORROWERS and the BANK have hereunto set their
respective hands on the day and place mentioned above.
BORROWERS : FOR BANK OF BARODA

1.____________
2.______________ __________ (seal)
Annexure 35.
Audit Certificate for Education Loan Interest Subsidy
BANK OF BARODA
ANNUAL CLOSING FOR THE YEAR ENDED 31ST MARCH___
Scheme Year:
SUB: CENTRAL SECTOR INTEREST SUBSIDY SCHEME ON EDUCATIONAL

LOANS TO STUDENTS BELONGING TO ECONOMICALLY WEAKER
SECTIONS (EWS)
Statement on Interest subsidy claimed for the period ending March, .

(Financial year from April 1, 20__ to March 31, 20__)
(A/cs &AmtRs. in Actuals)

Interest Subsidy Claims
Particulars No. of Accounts Amount
General Category
Scheduled Caste Category
Scheduled Tribe Category

Total
We certify that the amounts stated above is strictly as per terms of the Scheme and
the courses covered under CSIS Scheme are as per IBA’s Model Education Loan Scheme
issued from IBA time to time. We also certify that the above claims as true and correct
and declare that the same is as per the records of the books of the Bank.
Authorised Signatory
Place:
Date:
CHARTERED ACCOUNTANT/S
SIGNATURE WITH SEAL
Annexure 36.
Education Loan Interest Subsidy Scheme

INCOME CERTIFICATE ISSUING AUTHORITY IN VARIOUS STATES / UNION
TERRITORIES
State /Union Income Certificate Issuing Authority

territory
1 Andaman & Tahsildar
Nicobar
2 Andhra Pradesh Tahsildar
3 Arunachal Pradesh District Magistrate & Collector
4 Assam Revenue Circle Officers
5 Bihar Circle Officer of Circle Office
6 Chandigarh Sub-Divisional Magistrate
7 Chattisgarh NaibTahsildar
8 Daman Diu &Dadra Mamlatdar
Nagar Haveli
9 Delhi SDM of Govt. of NCT of Delhi
10 Goa Mamlatdar of all Talukas
11 Gujarat District Collector/Deputy Collector/Asstt. Collector/Prant
Officer/Mamlatdar
12 Haryana CRO (Tehsildar / NaibTehsildar concerned)
13 Himachal Pradesh Tahsildar of Revenue Department
14 Jammu & Kashmir Sub-Divisional Magistrate (not below the rank of Tehsildar)
15 Jharkhand Sub-Divisional Officer in each District
16 Karnataka Tahsildar
17 Kerala Village Officer
18 Lakshadweep Deputy Collectors in Agatti and Minicoy and SDOs in the remaining
Islands
19 Madhya Pradesh Tahsildar / NaibTahsildar
20 Maharashtra Tahsildar
21 Meghalaya Employer in case of Govt Employee and by the MP/MLA/DC/SDO
Civil in case of others
22 Mizoram District Magistrate or other Officer authorized by District
Magistrate
23 Nagaland Dy.Commissioners, Addl.Dy.Commissioners and SubDivisional
Officers (C)
24 Odisha Revenue Officers
25 Punjab CRO (Tehsildar / NaibTehsildar concerned)
26 Pondicherry Tahsildar, Deputy Tahsildar
27 Rajasthan Tahsildar
28 Sikkim Special Executive Magistrate (Block Development Officers, Rural
Management & Development Deptt.)
29 Tamil Nadu Zonal Deputy Tahsildar
30 Tripura Deputy Commissioner of respective Districts
31 Uttar Pradesh Tahsildar
32 Uttaranchal Tahsildar/SDM/City Magistrate
33 West Bengal 1. District Magistrate or Addl. Distt Magistrate - Distt. Level
2.Sub-Divisional Officer or the concerned-Subdivisional Level
3.Block Dev. Officer Of concerned block - Block level
4.The Collector Kolkata – Kolkata Municipal Corpn.
5.The Collector Kolkata -Students residing within civil
jurisdiction of Hon’ble High Court Kolkata
6. Other areas covered in Kolkata Police are concerned i.e. areas
over which Collector , Kolkata does not exercise jurisdiction –
concerned District Magistrate or any other officer authorized by
the District Magistrate of the respective districts i.e. South 24
Paraganas and North 24 Paraganas.
In the remaining States / Union Territories, the Income Certificate issuing authority/ies
are yet to be designated
Annexure 37.
Frequently Asked Questions (FAQs) received from Indian Bank’s Association (IBA):
Sl
QUESTIONNAIRES ANSWERS
No
1 Full Interest subsidy upto the period Moratorium period is, course period plus
of moratorium (i.e., Course Period + one year, OR course period plus six
One year or 6 months after getting jobmonths after getting the job, whichever
whichever is earlier). is earlier
2 If any student has availed Education As per schemes guidelines for
Loan subsidy under CSIS OR New CSIS/NEW CSIS abroad studies are
CSIS scheme for under graduate Or not eligible for claim of subsidy, The
Graduate courses, whether he/she will proposed scheme enables banks to claim
be eligible for Subsidy under proposedsubsidy for Education loans Studies
Dr. Ambedkar Central Sector Scheme abroad only.
of Interest Subsidy. The benefits under the scheme is
available for:
1. Studies abroad
2. Courses leading to Masters (i.e. Post
Graduation, including PG Diploma),
M.Phil and Ph.D,
3. One time only (and not allowed even
if similar benefit has been availed
under different scheme)
3 In case of employed candidate, If the student is employed but on
whether Income of employed sabbatical, where no salary is paid then
candidate & his/her parents/guardians parental income can be considered.
income to be clubbed for deciding
income criteria eligibility for the
proposed subsidy scheme.
4 Instead of launching a new scheme, PadhoPardesh scheme is implemented
the existing scheme of ‘PadhoPardesh’ by Ministry of Minority Affairs, GoI.
– Interest subsidy scheme for Whereas the ACSISOBC will function
Education Loans for overseas studies under Ministry of Social Justice and
to students of Minority Communities, Empowerment. There is difference in
may be extended to OBCs & EBCs also Eligibility criteria under Income ceilings
for both schemes, and target groups are
different.
5 Income ceiling: Whether income level Income certificate submitted along
at the time of sanctioning of loan only with loan application can be treated as
to be considered (OR) Whether proof of annual income. Subsequent
subsequent increase/decrease in increase /decrease has no effect on the
parental income level will affect the eligibility.
eligibility of the student under the
scheme?
6 Income certificate issued by the Yes, including F 16 from employers, IT
authority of state Govt./ UT returns Audited income statement.
administration: Whether the income
certificate issuing authority will be
the same as that as in existing CSIS
scheme?
7 Moratorium Period: If the Yes,
moratorium period is increased at the In such case, subsidy can be provided,
request of the student/borrower on subject to the condition that, Fees are
genuine reasons, in such cases, paid during the extended period of
whether the subsidy can also be Moratorium.
provided for the extended period of
moratorium.
8 It has been mentioned only for OBC EBC (Economically Backward Classes)
category and there is no mention in are those communities/castes, who are
respect of EBC.Please define EBC and not included in SC/ST/OBC categories
whether it includes SC/ST and whose income is below Rs one lakh
per annum.
Similar scheme for EBCs has also
been launched, the guideline of which
are available in Ministry’s website
(socialjustice.nic.in).
9 under point 7(1) it had been specified As one time measure Ministry may
that interest subsidy is awarded on permit for claim of interest subsidy
quarterly basis, where as scheme is with retrospective effect from
applicable from academic year 2014- 01.04.2014 and during 2015-16 it will be
15. Since FY 2014-15 is already closed on quarterly basis.
whether Interest subsidy can be
claimed for the entire year.
10 Future claims from Academic year It is the directive of Ministry that
2015-16 onwards,the claims may be claims to be submitted / settled to all
paid once in a year (like CSIS) instead member banks on quarterly basis.
of quarterly basis
11 Scheme guidelines point no 6 (III)- Proforma certificate has been already
OBC Proforma not available received and the same will be provided
to all member banks after launch of the
scheme.
12 Scheme guidelines point no 7(II) it is The scheme guidelines specifies that

mentioned that 50% subsidy will be out of total funds allocated for the
given to the girl candidates-Kindly subject scheme 50% of the allocation
clarify whether girl students are given will be reserved for girl students.It is
only 50% of interest subsidy at the discretion of the Ministry.
13 Economically weaker section identified ACSISOBC will function under Ministry
by Government of India is Rs.6lacs per of Social Justice and Empowerment.It
annum. The same is the yardstick for is the discretion of Ministry
PadhoPardesh. Whereas in this scheme
eligible amount is Rs.3lacs per annum.
Branches may face problem at the There are two target groups under two
ground level. Hence we may keep the interest subsidy schemes of the
level at Rs.6lacs. Ministry; OBCs and EBCs. Under these
schemes, to be eligible, the income
ceiling for OBCs is Rs 3.00 lakh per
annum and for EBCs, it is Rs 1.00 lakh
per annum.
14 Banks must be given the complete list It is for the Banks to identify the
of OBCs under State and Central students under the subject category as
Government Level. per the OBC Certificate issued by the
designated authority
For the scheme for OBCs, those who are

included in the Central List of OBCs are
only eligible (the respective state lists
shall not be followed). The Central List
(state-wise) can be found in the NCBC
website (ncbc.nic.in).
15 The eligible degrees mentioned in the YES eligible
scheme guidelines are Masters, M. Phil
or Ph.d whereas Post Graduate Diploma
is not mentioned. Please confirm
whether courses leading to Post
Graduate Diploma are eligible.
16 As per guidelines, interest Subsidy is Students who have got admission for
awarded to Meritorious Students abroad courses are deemed as
belonging to Weaker Sections of Meritorious students
Society. Please clarify the meaning of
Meritorious Students
17 As per IBA model scheme, the Even though higher loan can be
maximum loan for study abroad is Rs- sanctioned the eligible loan component
2o lakhs. Whether interest subsidy shall be reckoned as Rs.2o.oo lakh only
admissible for loan amount disbursed for purpose of Interest subsidy claim
up to 20 lakhs only Or for a higher loan
amount in which case the eligible
loancomponent shall be reckoned as
Rs.2o lakh for the purpose. Pl clarify
Annexure 38.
Branches mapped to Premier Institutions In India
Sr. Catego Branch Branch

Institution City Zone Region Branch Name
ry Alpha Sol ID
Indian Institute of Management
1 List AA Ahmedabad Ahmedabad Ahmedabad Vastrapur VASTRA 2536
(IIM)
2 List AA National Institute of Design(NID) Ahmedabad Ahmedabad Ahmedabad Elliesbridge ELLIES 0326
3 List AA National Institute of Design(NID) Gandhinagar Ahmedabad Gandhinagar Infocity INFOCI 3039
4 List AA Bangaluru Bangaluru Bengaluru Bannerghatta BANNER 3079
(IIM)
5 List AA Indian Institute of Science Bangaluru Bangaluru Bengaluru Indira Nagar BANGBS 2874
6 List AA Indian school of Business (ISB) Hyderabad Bangaluru Hyderabad Hitech City CYBHYD 2753
7 List AA Indian Institute of Technology (IIT) Roorkee Bareilly Dehradun Roorkee (Main) ROOSAH 0912
College of Engineering (Anna Chennai
8 List AA Chennai Chennai SIET College COLMAD 0531
University) Metro
Chennai
9 List AA Indian Institute of Technology (IIT) Chennai Chennai SIET College COLMAD 0531
Metro
10 List AA Pilani Jaipur Bikaner Chirawa CHIRWA 1027
Science(BITS)
11 List AA Indian Institute of Technology (IIT) Kharagpur Kolkata Burdwan Kharagpur KHARAG 0904
Indian Institute of Management Kolkata
12 List AA Kolkata Kolkata Behala BEHALA 0902
(IIM) Metro
13 List AA Lucknow Lucknow LUCKNOW JANKIPURAM JANKIP 3188
(IIM)
14 List AA Indian Institute of Technology (IIT) Varanasi Lucknow Varanasi BHU CAMPUS BHUVAR 2779
15 List AA Indian Institute of Technology (IIT) Mumbai Mumbai MMER POWAI POWBOM 2414
16 List AA Indian Institute of Technology (IIT) New Delhi New Delhi DMR II Hauz Khash INDHAU 2275

17 List AA Indian school of Business (ISB) Mohali New Delhi Chandigarh Sector 71 SASMOH 4611
Xavier Labour Relations Institute
18 List AA Jamshedpur Patna Jamshedpur SSI Sakchi SSIBIS 2667
(XLRI) Xavier School of Management
Centre for Environment Planning and
19 List A Ahmedabad Ahmedabad Ahmedabad Navrangpura NAVRAN 0333
Technology (CEPT)
Mudra Institute of Communications,
20 List A Ahmedabad Ahmedabad Ahmedabad Bopal BOPALR 2950
Ahmedabad(MICA)
Institute of Rural Management
21 List A Anand Ahmedabad ANAND ANAND MAIN ANAND 0294
Anand(IRMA)
Sec 21,
22 List A Indian Institute of Technology (IIT) Gandhinagar Ahmedabad Gandhinagar GANDHI 0146
Gandhinagar
National Institute of Technology Tadepalligude Visakhapatn
23 List A Bangaluru Tadepalligudem TADEPA 3714
(NIT) m am
VIJAYAWA
24 List A Indian Institute of Technology (IIT) Tirupati Bangaluru TIRUPATI TIRUPA 1530
DA
Indian Institute of Management Visakhapatna Visakhapatn
25 List A Bangaluru MVP MVPVIS 2617
(IIM) m am
26 List A Bangalore Medical College (BMC) Bangaluru Bangaluru Bengaluru Siddaiah Road SIDDAI 1251
International Institute of
27 List A Bangaluru Bangaluru Bengaluru BTM Layout BTMBAN 2960
Information Technology(IIIT)
28 List A St. John’s Medical College Bangaluru Bangaluru Bangaluru ST JOHNS STJOHN 0521
29 List A Indian Institute of Technology (IIT) Dharwad Bangaluru Hubli Dharwad DHARWA 1909
National Institute of Technology
30 List A (NIT) Mangalore Bangaluru Hubli Suratkal SURATH 3253
31 List A Kasturba Medical College Manipal Bangaluru Hubli Udupi UDUPI 0922
32 List A Manipal institute of Technology Manipal Bangaluru Hubli Udupi UDUPI 0922
33 List A Indian Institute of Technology (IIT) Hyderabad Bangaluru Hyderabad Sangareddy SANGAR 3142

International Institute of
34 List A Hyderabad Bangaluru Hyderabad Kukatpally KUKATP 3056
Information Technology(IIIT)
35 List A Osmania Medical College, Koti Hyderabad Bangaluru Hyderabad Abids HYDERA 0511
36 List A Gandhi Medical College Secunderabad Bangaluru Hyderabad Chilakalguda CHILAK 1944
37 List A Warangal Bangaluru Hyderabad Warangal WARANG 0741
(NIT)
Jawaharlal Nehru Medical College,
38 List A Aligarh Bareilly Agra Aligarh Main ALIGAR 0583
Aligarh Muslim University
39 List A Kashipur Bareilly Haldwani Kashipur Main KASNAI 0805
(IIM)
All India Institute of Medical
40 List A Rishikesh Bareilly Dehradun Rishikesh RISHIK 2500
Sciences (AIIMS)
41 List A Srinagar Bareilly Dehradun Rishikesh RISHIK 2500
(NIT)
National Institute of Technology SURAT
42 List A Surat Baroda PARLE POINT PARLEP 2000
(NIT) CITY
43 List A Raipur Bhopal Raipur GE Road Raipur GEROAD 3181
Sciences (AIIMS)
Indian Institute of Management Gandhi Chowk
44 List A Raipur Bhopal Raipur GANRAI 3182
(IIM) Raipur
Indian Institute of Technology Gandhi Chowk
45 List A Raipur Bhopal Raipur GANRAI 3182
(IIT), Bhilai Raipur
46 List A Raipur Bhopal Raipur GE Road Raipur GEROAD 3181
(NIT)
47 List A Bhopal Bhopal Bhopal AIIMS AIIMS 4534
Sciences (AIIMS)
Indian Institute of Forest KOTRASULTA
48 List A Bhopal Bhopal Bhopal KOTRAS 2171
Management NABAD

49 List A Bhopal Bhopal Bhopal T.T Nagar TATYAT 1223
(NIT)
Indian Institute of Management Annapurna
50 List A Indore Bhopal Indore ANNAPU 3174
(IIM) Road
Transport
51 List A Indian Institute of Technology (IIT) Indore Bhopal Indore TRANSP 1859
Nagar
National Institute of Technology ERNAKULA
52 List A Calicut Chennai CALICUT CALICU 0671
(NIT) M
Indian Institute of Management ERNAKULA
53 List A Kozhikode Chennai CALICUT CALICU 0671
(IIM) M
ERNAKULA
54 List A Indian Institute of Technology (IIT) Palakkad Chennai PALAKKAD PALGHA 0948
M
Indian institute of Space and Thiruvanantha ERNAKULA
55 List A Chennai PALAYAM PALAYA 1267
Technology (IIST) puram M
56 List A Karaikal Chennai MADURAI KARAIKAL KARAIK 2663
(NIT)
Alagappa Chettiyar College of
engineering and Technology (Anna CHENNAI SIET
57 List A Chennai Chennai COLMAD 0531
University) METRO COLLEGE
The School of Structural and

CHENNAI SIET
58 List A Architectural Planning (Anna Chennai Chennai COLMAD 0531
METRO COLLEGE
University)
CHENNAI PURUSAWALK
59 List A Government Kilpauk Medical College Chennai Chennai PURUSA 0641
METRO AM
3172
Madras Institute of CHENNAI
60 List A Chennai Chennai Pallavaram PALAVA
Technology(Anna University) METRO

CHENNAI
61 List A Madras Medical College (MMC) Chennai Chennai Sowcarpet SOWCAR 0530
METRO
Sri Ramachandra University,
CHENNAI ST. THOMAS
62 List A formerly Sri Ramachandra Medical Chennai Chennai STTHOM 0534
METRO MOUNT
College and Research Institute
CHENNAI CHENNAI
63 List A Stanley Medical College Chennai Chennai NORTHB 0529
METRO MAIN
CHENNAI
64 List A Vellore Institute of Technology(VIT) Chennai Chennai TAMBARAM TAMBAR 2632
METRO
Jawaharlal Institute of Postgraduate
CHENNAI
65 List A Medical Education & Research Pondichery Chennai Pondicherry PONDIC 0564
METRO
(JIPMER)
66 List A Trichy Chennai MADURAI Thillai Nagar THILLA 2748
(IIM)
67 List A Trichy Chennai MADURAI Thillai Nagar THILLA 2748
(NIT)
Christian Medical College & Hospital CHENNAI
68 List A Vellore Chennai Vellore VELLOR 0934
(CMC) METRO
CHENNAI
69 List A Vellore Institute of Technology(VIT) Vellore Chennai VELLORE VELLOR 0934
METRO
L N Mittal Institute of information
70 List A Jaipur Jaipur Jaipur Jawahar Nagar JAWJAI 3012
and technology(LNMIIT)
71 List A SMS Medical College Jaipur Jaipur Jaipur Nehru Place NEHJAI 2160
72 List A Jodhpur Jaipur Jodhpur MIA, Jodhpur INDJOD 1872
Sciences (AIIMS)
73 List A Indian Institute of Technology (IIT) Jodhpur Jaipur Jodhpur UC, Jodhpur UNIJOD 0571
Indian Institute of Management GOVERDHAN
74 List A Udaipur Jaipur Udaipur GOVERD 3687
(IIM) VILAS

75 List A Yupia Kolkata Guwahati Guwahati GAUHAT 0001
(NIT)
76 List A Indian Institute of Technology (IIT) Guwahati Kolkata Guwahati Guwahati GAUHAT 0001
77 List A Silchar Kolkata Guwahati Guwahati GAUHAT 0001
(NIT)
78 List A Imphal Kolkata Guwahati Dimapur DIMAPU 1017
(NIT)
79 List A Shillong Kolkata Guwahati shillong SHILLO 0002
(IIM)
80 List A Shillong Kolkata Guwahati shillong SHILLO 0002
(NIT)
81 List A Aizawal Kolkata Guwahati Dimapur DIMAPU 1017
(NIT)
82 List A Dimapur Kolkata Guwahati Dimapur DIMAPU 1017
(NIT)
83 List A Ravangla Kolkata Burdwan Gangtok GANGTO 2495
(NIT)
84 List A Agartala Kolkata Guwahati Agartala AGARTA 1032
(NIT)
85 List A Durgapur Kolkata Burdwan Durgapur DURGAP 0044
(NIT)
Calcutta National Medical College Kolkata
86 List A Kolkata Kolkata Park Street PARKC 0591
and Hospital Metro
Institute of Post Graduate Medical
Kolkata
87 List A Education & Research (IPGME&R) Kolkata Kolkata Camac Street CAMACS 0902
Metro
Indian Institute of Engineering Shivpur, Greater

88 List A Kolkata Aandul AUNDUL 1040
Science and Technology Howrah Kolkata

National Institute of Technology TELIYARGAN
89 List A Allahabad Lucknow Allahabad TELIYA 3997
(NIT) J
CSJM
90 List A Indian Institute of Technology (IIT) Kanpur Lucknow Kanpur CSUKAN 2940
University
Faculty of Medical Science (king
91 List A Lucknow Lucknow LUCKNOW CHOWK LUCKNO 0645
Geroge's Medical University)
Institute of Medical Sciences,
92 List A Varanasi Lucknow varanasi BHU CAMPUS BHUVAR 2779
Banaras Hindu University
Grant Medical College (GMC) & Sir
93 List A Mumbai Mumbai MMCR BYCULLA BYCULL 0388
JJ Group of Hospitals
King Edward Memorial Hospital and
94 List A Seth Gordhandas Sunderdas Medical Mumbai Mumbai MMCR LALBAUGH LALBAU 3338
College (KEM)
Narsee Monjee Institute of VILE PARLE
95 List A Mumbai Mumbai MMCR VILWES 0420
Management Studies(NMIMS) WEST
National Institute of Industrial
96 List A Mumbai Mumbai MMER POWAI POWBOM 2414
Engineering(NITIE)
SP Jain Institute of Management & ANDHERI
97 List A Mumbai Mumbai MMNR ANDHER 0380
Research (SPJIMR) WEST
Tata Institute of Social
98 List A Mumbai Mumbai MMCR CHEMBUR CHEMBU 0669
Sciences(TISS)
Veermata Jijabai Technological
99 List A Mumbai Mumbai MMCR WADALA WADALA 0421
Institute (VJTI)
University Institute of Chemical
100 List A Mumbai Mumbai MMCR WADALA WADALA 0421
Technology(ICT)
BACKBAY
Jamnalal Bajaj Institute of
101 List A Mumbai Mumbai MMSR RECLAMATIO BACKBA 0382
Management Studies(JBIMS)
N

Government Medical College &
102 List A Chandigarh New Delhi Chandigarh Sector 44 AGRCHA 2619
Hospital
Post Graduate Medical Education and
103 List A Chandigarh New Delhi Chandigarh Karoran KARORA 4957
research (PGIMER)
104 List A Punjab Engineering College Chandigarh New Delhi Chandigarh Sector 26 GRAINM 3378
Great Lakes Institute of IMT Manesar
105 List A Gurgaon New Delhi DMR II MANESA 3031
Management (GLIM)Great Lakes Branch
Management Development Institute Sushant Lok
106 List A Gurgaon New Delhi DMR II SUSGUR 3006
(MDI) Branch
107 List A Kurukshetra New Delhi Karnal Ambala City AMBALA 0105
(NIT)
Indian Institute of Management Civil Road
108 List A Rohtak New Delhi Karnal ROHTAK 0752
(IIM) Rohtak
109 List A Hamirpur New Delhi Chandigarh Jahu Khurd JAHUKH 5320
(NIT)
Kangra
Dr Rajendra Prasad Government
110 List A (Himachal New Delhi Chandigarh KANGRA KANGRA 5416
Medical College
Pradesh)
111 List A Indian Institute of Technology (IIT) Mandi New Delhi Chandigarh MANDI MANDI 0964
112 List A Sirmaur New Delhi Chandigarh PONTA SAHIB PONTA 3973
(IIM)
JALANDHA Gandhi Nagar
113 List A Indian Institute of Technology (IIT) Jammu New Delhi GANJAM 1875
R Jammu
Indian Institute of Management JALANDHA Gandhi Nagar
114 List A Jammu New Delhi GANJAM 1875
(IIM) R Jammu
JALANDHA
115 List A (NIT) Srinagar New Delhi SRINAGAR DURGAN 1891
R

All India Institute of Medical Bhikaji Cama
116 List A New Delhi New Delhi DMR II BHICKA 1992
Sciences (AIIMS) Place Branch
SECTOR 9
117 List A Delhi College of Engineering New Delhi New Delhi DMR I ROHINI BLYROH 2720
BRANCH
SHAKTI
Faculty of Management Studies(FMS
118 List A New Delhi New Delhi DMR I NAGAR SHAKTI 0092
Delhi)
BRANCH
Hauz Khas
119 List A FORE School of Management New Delhi New Delhi DMR II INDHAU 2275
Branch
Indian Institute of Foreign Trade Hauz Khas
120 List A New Delhi New Delhi DMR II INDHAU 2275
(IIFT) Branch
International Management Hauz Khas
121 List A New Delhi New Delhi DMR II INDHAU 2275
Institute(IMI) Branch
B3
Lady Hardinge Medical
122 List A New Delhi New Delhi DMR I CONNAUGHT CONNAU 0095
College(LHMC)
CIRCUS
Maulana Azad Medical College
123 List A New Delhi New Delhi DMR I DARYAGANJ DARYAG 0824
(MAMC)
SECTOR 7
124 List A New Delhi New Delhi DMR I ROHINI TRDNAH 2118
(NIT)
BRANCH
ASAF ALI
125 List A School of Planning and Architecture New Delhi New Delhi DMR I ASAFAL 0093
ROAD BR
JALANDHA Pratap Nagar
126 List A Government Medical College Amritsar New Delhi PRAAMR 1961
R ASR.
Indian Institute of Management JALANDHA TOWN HALL
127 List A Amritsar New Delhi AMRITS 0101
(IIM) R ASR.

Bhagwan
National Institute of Technology JALANDHA
128 List A Jalandhar New Delhi Mahavir Marg BHAJUL 1960
(NIT) R
Jalandhar
Christian Medical College & Hospital
129 List A Ludhiana New Delhi Chandigarh Samrala Road SAMLUD 1959
(CMC)
130 List A Indian Institute of Technology (IIT) Ropar New Delhi Chandigarh Ropar ROPAR 3451
Institute of management &
131 List A Ghaziabad New Delhi DMR-III Rajnagar RAJNAG 2186
Technology(IMT)
132 List A Bodh Gaya Patna Patna Gaya Main GAYA 1230
(IIM)
133 List A Indian Institute of Technology (IIT) Patna Patna Patna S.K. Puri SRIKRI 1863
134 List A Patna Patna Patna Patna City PATNAB 0565
(NIT)
135 List A Patna Patna Patna Patna Main PATNA 0003
Sciences (AIIMS)
136 List A Indian Institute of Technology (IIT) Dhanbad Patna Jamshedpur Dhanbad DHANBA 0015
137 List A Jamshedpur Patna Jamshedpur Jamshedupr JAMSHE 0019
(NIT)
138 List A Ranchi Patna Jamshedpur Ranchi main RANCHI 0017
(IIM)
All India Institute of Medical Bhubaneswa Bhubaneswar
139 List A Bhubaneswar Patna BHUBAN 0688
Sciences (AIIMS) r Main
Bhubaneswa
140 List A Indian Institute of Technology (IIT) Bhubaneswar Patna Samantarapur SABHUB 2428
r
National Institute of Technology Power House
141 List A Rourkela Patna Sambalpur POWROU 3053
(NIT) Road
142 List A Sambalpur Patna Sambalpur Sambalpur SAMBAL 2559
(IIM)

143 List A Goa Pune Panaji Vasco VASCO 0493
Science(BITS)
144 List A Indian Institute of Technology (IIT) Goa Pune Panaji Ponda PONDA 2608
145 List A Goa Pune Panaji Ponda PONDA 2608
(NIT)
146 List A Nagpur Pune Nagpur S.A.Road AMBAZA 0604
(IIM)
147 List A Nagpur Pune Nagpur S.A.Road AMBAZA 0604
(NIT)
Armed Forces Medical College
148 List A Pune Pune Pune Pune camp POOCAM 0449
(AFMC)
Shivaji Nagar
149 List A College of Engineering Pune Pune Pune SHIPOO 0451
Branch
Symbiosis Centre for Management
150 List A and Human Resource Pune Pune Pune Gen Next GENPUN 3011
Development(SCMHRD)
Symbiosis Institute of Business
151 List A Pune Pune Pune Gen Next GENPUN 3011
Management(SIBM)
Indira Gandhi Rashtriya Udaan
152 List A Raebareli
Academy, Raebareli” (IGRUA) Lucknow Raebareli MALIKMAU MALIKM 0976
153 List B B J Medical College Ahmedabad Ahmedabad Ahmedabad Delhichakla DELHIC 0324
154 List B ICFAI Business School(IBS) Ahmedabad Ahmedabad Ahmedabad S G Highway SGHAHM 3037
155 List B Nirma Institute of Management Ahmedabad Ahmedabad Ahmedabad S G Highway SGHAHM 3037
Dhirubhai Ambani Institute of
Information and Communication
156 List B Gandhinagar Ahmedabad Gandhinagar Sargasan SARGAS 4597
Technology (DAIICT)
157 List B ICFAI Business School(IBS) Bangaluru Bangaluru Bangaluru Vijaya Nagar VIJBAN 2958

Alliance School Of business
158 List B Bangaluru Bangaluru Bengaluru BTM Layout BTMBAN 2960
Bangalore
Christ University Institute of
159 List B Bangaluru Bangaluru Bengaluru St Johns STJOHN 0521
Management
160 List B M.S. Ramaiah Medical College Bangaluru Bangaluru Bengaluru Rajaji Nagar RAJAJI 0809
PUMPWEL
161 List B K S Hegde Medical Academy Mangalore Bangaluru Hubli Pumpwell 4357
L
T.A. Pai Management Institute
162 List B Manipal Bangaluru Hubli Udupi UDUPI 0922
(TAPMI)
163 List B MYRA School of Business Mysore Bangaluru Bengaluru Mysore Main MYSORE 0522
164 List B ICFAI Business School(IBS) Hyderabad Bangaluru Hyderabad Punjagutta PUNJAG 3217
National Institute of Construction
165 List B Hyderabad Bangaluru Hyderabad Kompally KOMPAL 4623
Management and Research(NICMAR)
Osmania University College of
166 List B Hyderabad Bangaluru Hyderabad Tilaknagar TILHYD 2420
Engineering
Central Hope
167 List B ICFAI Business School(IBS) Dehradun Bareilly Dehradun CENTRA 5666
Town
168 List B Indore Bhopal Indore Vijay Nagar VIJIND 2927
CHENNAI
169 List B Amrita School of Medicine (ASM) Kochi Chennai Vellore VELLOR 0934
METRO
Institute of Financial Management &
ERNAKULA
170 List B Research(IFMR) Chennai Chennai Chennai Nungambakkam NUNGAM 0804
M
Loyola Institute of Business CHENNAI

171 List B Chennai Chennai Choolaimedu CHOOLA 0675
Administration(LIBA) METRO
CHENNAI
172 List B Sathyabama Engineering College Chennai Chennai PERUNGUDI PERUNG 3172
METRO

Sri Ramaswami Memorial CHENNAI
173 List B Chennai Chennai TAMBARAM TAMBAR 2632
University(SRM) METRO
COIMBATO COIMBATORE
174 List B PSG College of Technology Coimbatore Chennai COIMBA 0547
RE MAIN
COIMBATO COIMBATORE
175 List B PSG Institute of Advanced Studies Coimbatore Chennai COIMBA 0547
RE MAIN
Kalavakkam CHENNAI
176 List B Shiv Nadar college of Engineering Chennai PERUNGUDI PERUNG 3172
(Chennai) METRO
MADURAI
177 List B Thiagarajar College of Engineering Madurai Chennai MADURAI MADURA 0553
MAIN
Shanmuga Arts Science technology
178 List B Thanjavur Chennai MADURAI TANJORE TANJOR 0535
and research academy (SASTRA)
Bharatidasan Institute of THILLAI
179 List B Tiruchirappalli Chennai MADURAI THILLA 2748
management Trichy NAGAR
180 List B ICFAI Business School(IBS) Jaipur Jaipur Jaipur Jawahar Nagar JAWJAI 3012
Malaviya National Institute of Malviya
181 List B Jaipur Jaipur Jaipur MALAJI 2911
Technology Nagar,Jaipur
Greater
182 List B ICFAI Business School(IBS) Kolkata Kolkata Sector III SALCAL 2946
Kolkata
Faculty of Engineering and Kolkata
183 List B Kolkata Kolkata Ballygunj BALLYG 0021
technology (Jadavpur University) Metro
National University of Juridical Kolkata
184 List B Kolkata Kolkata Belliaghata BELIAG 0023
Science Metro
Era's Lucknow Medical College and
185 List B Lucknow Lucknow LUCKNOW ALAMBAGH SAVLUC 2742
Hospital
186 List B ICFAI Business School(IBS) Mumbai Mumbai MMER POWAI POWBOM 2414
K J Somaiya School of management GHATKOPAR
187 List B Mumbai Mumbai MMCR GHAEAS 1378
studies EAST

K. J. Somaiya Medical College & CHUNABHATT
188 List B Mumbai Mumbai MMCR CHUNAB 0916
Research Centre I
Prin. L. N. Welingkar Institute of
CHANDAVARK
189 List B Management Development & Mumbai Mumbai MMCR CHANDA 0406
AR
Research
D Y Patil University School of
190 List B Navi Mumbai Mumbai MMER NERUL NERUL 2741
Medicine
National Institute of Construction Civil Road
191 List B Bahadurgarh New delhi Karnal ROHTAK 0752
Management and Research(NICMAR) Rohtak
Sushant Lok
192 List B ICFAI Business School(IBS) Gurgaon New delhi DMR II SUSGUR 3006
Branch
Bharat Nagar
193 List B Jamia Millia Islamia New Delhi New Delhi DMR II TRDBHA 2132
Branch
Netaji Subhash Institute of Dwarka Sector
194 List B New Delhi New Delhi DMR II DAWARK 3030
Technology (NSIT) 12 Branch
Bhikaji Cama
195 List B Vardhman Mahavir Medical College New Delhi New Delhi DMR II BHICKA 1992
Place Branch
196 List B Dayanand Medical College (DMC) Ludhiana New Delhi Chandigarh Tagore Nagar TAGLUD 1688
Thapar Institute of Engineering and
197 List B Patiala New Delhi Chandigarh Choti Baradari PATIAL 0100
Technology University
Alpha-I,
Birla Institute of Management
198 List B Greater Noida New delhi DMR-III Greater GNOIDA 3000
Technology(BIMTECH)
NOIDA
199 List B Ranchi Patna Jamshedpur Ratu Rd RATURO 2917
Science(BITS)
Xavier Institute of management Bhubaneswa
200 List B Bhubaneswar Patna Nayapalli SAVNAY 2765
(XIM) Bhubaneshwar r
201 List B University college of Engineering Burla, Odisha Patna Sambalpur Sambalpur SAMBAL 2559

202 List B Goa Institute of Management Goa Pune Panaji Bicholim BICHOL 3498
203 List B Goa Pune Panaji Ponda PONDA 2608
D. Y. Patil Medical College And
204 List B Kolhapur Pune Panaji Tarabai Park PONDA 2608
University
Hadapsar
205 List B ICFAI Business School(IBS) Pune Pune Pune HADAPS 2483
Branch
Byramjee Jeejeebhoy Government
Station Road
206 List B Medical College Pune Pune Pune STAPOO 0452
Branch
Pimpri
207 List B Dr. D. Y. Patil Medical College Pune Pune Pune CHINCH 0723
Chinchawad
208 List B Pune Pune Pune Gen Next GENPUN 3011
Mahatma Gandhi Institute of
209 List B Wardha Pune Nagpur Wardha WARDHA 3360
Medical Sciences (MGIMS)
Indian Maritime University – Mumbai
Port Campus
210 List B (The Lal Bahadur Shastri College of Mumbai
Advanced Maritime Studies &
Research,) Mumbai MMSR Sewari MCSEWR 3608
Indian Maritime University – Mumbai
Port Campus
211 List B Mumbai
(Marine Engineering Research
Institute) Mumbai MMSR Sewari MCSEWR 3608
Indian Maritime University – Navi
212 List B Mumbai Campus Mumbai
(Training Ship Chanakya) Mumbai MMER Seawood SEAWOO 3299

Indian Maritime University – Kolkata Kolkata
Campus Kolkata Metro
213 List B Kolkata Behala BEHALA 0902
(Marine Engineering Research
Institute)
Indian Maritime University – Kolkata
Campus Kolkata
214 List B Kolkata
(Indian Institute of Port Kolkata Metro Kidderpore KIDDER 0683
Management)
Indian Maritime University –
Visakhapatnam Campus Visakhapatna
215 List B
(The National Ship Design and m Visakhapatn
Research Centre) Bengalru am Gajuwaka GAJVIS 3657
Indian Maritime University – Chennai
216 List B Campus Chennai
(National Maritime Academy ) Chennai Chennai Perungudi PERUNG 3172
Indian Maritime University – Kochi W. Island
217 List B Kochi
Campus Chennai Ernakulam Branch WILLIN 0802
Nirma Institute of Technology,
218 List C Ahmedabad Ahmedabad Ahmedabad S G Highway SGHAHM 3037
Nirma University
Pandit Deendayal Petroleum
219 List C Gandhinagar Ahmedabad Gandhinagar Infocity INFOCI 3039
University, School of Management
VIJAYAWA
220 List C Sri Venkateswara University Tirupati Bangaluru TIRUPATI TIRUPA 1530
DA
Gandhi Institute of Technology and Visakhapatna Visakhapatn
221 List C Bangaluru MVP Colony MVPVIS 2617
Management (GITAM) m am
Vizianagaram
Maharajah's Institute of Medical Visakhapatn
222 List C Vizianagaram Bangaluru Kotha VIZKOT 2422
Sciences, am
Agraharam

223 List C BMS College of Engineering Bangaluru Bangaluru Bengaluru Siddaiah Road SIDDAI 1251
Institute of Finance and
224 List C Bangaluru Bangaluru Bengaluru BTM Layout BTMBAN 2960
International Management(IFIM)
MS Ramaiah Institute of
225 List C Bangaluru Bangaluru Bengaluru BTM Layout BTMBAN 2960
Management, Bangalore
226 List C MS Ramaiah Institute of Technology Bangaluru Bangaluru Bengaluru APMC Yard APMCYA 2446
227 List C PES University Bangaluru Bangaluru Bengaluru Banashankari BANASH 2771
R.V. College of Engineering,
228 List C Bangaluru Bangaluru Bengaluru Jayanagar JAYANA 0764
Rashtreeya Sikshana Samithi Trust
ICFAI Institute of Science and
229 List C Hyderabad Bangaluru Hyderabad Punjagutta PUNJAG 3217
Technology
230 List C Woxsen School of Business Hyderabad Bangaluru Hyderabad Sangareddy SANGAR 3142
Zakir Husain College of Engineering
231 List C Aligarh Bareilly Agra Aligarh Main ALIGAR 0583
& Technology
Shri Ram Murti Smarak Institute of
232 List C Bareilly Bareilly Bareily Shyamganj MULBAR 0744
Medical Sciences
ERNAKULA ERNAKULAM
233 List C Govt Model Engineering College Kochi Chennai ERNPOR 0965
M NORTH
CHENNAI
234 List C SSN School of management Chennai Chennai PERUNGUDI PERUNG 3172
METRO
COIMBATO COIMBATORE
235 List C Amrita School of Business Coimbatore Chennai COIMBA 0547
RE MAIN
COIMBATO COIMBATORE
236 List C Amrita School of Engineering Coimbatore Chennai COIMBA 0547
RE MAIN
COIMBATO COIMBATORE
237 List C Coimbatore Institute of Technology Coimbatore Chennai COIMBA 0547
RE MAIN
Thiagarajar School of Management, MADURAI
238 List C Madurai Chennai MADURAI MADURA 0553
Madurai MAIN

Indian Institute of Social Welfare Kolkata
239 List C Kolkata Kolkata College street COLCAL 0025
and Business Management Metro
Chetna's R. K. Institute of
240 List C Mumbai Mumbai MMCR BKC BANEAS 2904
Management Studies & Research
Institute of Technology &
241 List C Mumbai Mumbai MMER KHARGHAR KHARGA 3004
Management(ITM)
ANDHERI
242 List C Sardar Patel College of Engineering Mumbai Mumbai MMNR ANDHER 0380
WEST
SIES College of Management
243 List C Mumbai Mumbai MMER NERUL NERUL 2741
Studies
Sydenham Institute of Management BACKBAY
244 List C Studies, Research and Mumbai Mumbai MMSR RECLAMATIO BACKBA 0382
Entrepreneurship Education N
Maharishi Markandeshwar Institute
245 List C Ambala New Delhi Karnal Ambala City AMBALA 0105
Of Medical Sciences & Research
Lal Bahadur Shastri Institute of
Dwarka Sector
246 List C Management New Delhi New Delhi DMR II DAWARK 3030
12 Branch
247 List C University institute of Engineering Chandigarh New Delhi Chandigarh Phase 9, Mohali MOHALI 2780
Alpha-I,
School of Medical Sciences and
248 List C Greater Noida New Delhi DMR-III Greater GNOIDA 3000
Research- Sharda University
NOIDA
249 List C AMITY School of Engineering Noida New Delhi DMR-III SSI, NOIDA SSIGAZ 2562
Jaipuria Institute of Management,
250 List C Noida New Delhi DMR-III Gen Next GENOID 3372
Noida
IMT Manesar
251 List C BML Munjal University Gurgaon New Delhi DMR II MANESA 3031
Branch
252 List C BIT Sindri Dhanbad Patna Jamshedpur Dhanbad DHANBA 0015

Kalinga Institute of Industrial Bhubaneswa
253 List C Bhubaneswar Patna Nayapalli SAVNAY 2765
Technology (KIIT) r
Balaji Institute of Modern Pimpri
254 List C Pune Pune Pune CHINCH 0723
Management Chinchawad
Bharati Vidyapeeth - Institute of
255 List C Management and Entrepreneurship Pune Pune Pune Karve Road KARVER 0447
Development
Bharati Vidyapeeth University
256 List C Pune Pune Pune Gultekadi GULTEK 1515
College of Engineering
Department of Management
257 List C Pune Pune Pune Ashok Nagar ASHOKN 1742
Sciences(PUMBA)
Kirloskar Institute of Advanced
258 List C Pune Pune Pune Talegaon TALEGA 3579
Management Studies
Maharashtra Institute of
259 List C Technology(MIT) College of Pune Pune Pune Paud Road PAUDRO 2002
Engineering
260 List C Symbiosis Institute of Technology Pune Pune Pune Gen Next GENPUN 3011
National Institute of Banking and
261 List C Pune Pune Pune Kondhwa KONDHW 3216
Management

Annexure 39
Branches mapped to Centers of ““Frankfinn Aviation Services (P) Ltd.” (Tie up partner for Skill Loans)
Sr. Centre Branch Branch Branch

Centre Address City Zone Region
Name Name Alpha Sol ID
301A, Hrishikesh-I, Opp. Municipal Water
Gujarat- Tank
1 Ahmedabad Ahmedabad Ahmedabad Ambawadi Ambawa 0320
Ahmedabad Near IDBI Bank, Gulbai Tekra, Off :
C.G.Road, Ahmedabad - 380 006
Banglore- B-16-18, Gem Plaza, 66 Infantry Road, Brigade
2 Bangalore Bangalore Bangalore BRIGAD 0665
Infantry Bangalore- 560001. Road
Banglore- 106 Raheja Arcade, Koramangala, Bangalore STJOH
3 Bangalore Bangalore Bangalore John Nagar 0521
Koramangala – 560095. N
Karnatka- 3rd Floor, LAMCY PLAZA, NO.5AC-
Kalyan
4 Bangalore- 402,HRBR SECOND BLOCK, KALYAN Bangalore Bangalore Bangalore KALBAN 4293
Nagar
Kalyan Nagar NAGAR, BANGALORE-560 043.
KFC Building,House No.3-6 /196 & 197,,3rd
AP Himayath
5 Floor,Prime Plaza Himayat Nagar- Bangalore Bangalore Hyderabad HIMHYD 3390
Hyderabad nagar
Hydrabad Telangana-500029
3rd Floor, 2-22-261/2, Above G Pulla
Hydrabad -
6 Reddy Sweet Shop, A S Raju Nagar, Bangalore Bangalore Hyderabad Kukatpally KUKATP 3056
Kukatpally
Kukatpally, Hyderabad - 500072
H.No: 8-3-214/7, 4th floor, Above HDFC
Hydrabad -
7 Bank, Beside SR Nagar Metro Station, SR Bangalore Bangalore Hyderabad S R Nagar SRNAGA 2991
Ameerpet
Nagar , Hyderabad-500038
30-15-165, D Square, Daba Garden, 301 &
Visakhapatn Visakhapat
8 Odhisa-Vizag 302, 3rd Floor, Vishakhapatnam, Andhra Bangalore Bangalore VISAKH 0515
am nam
Pradesh – 530 020.

26-A, Rajpur Road, Adjacent Hotel Meedo
Uttrakhand- Ballupur
9 Plaza Complex, Dehradun, Uttarakhand - Bareilly Bareilly Dehradun 2712
Dehradun chowk
248001 BLYDEH
Gujarat- 601-603, 6th Floor, APMC, Krushi Bazar,
10 Baroda Baroda SURAT PIPLOD PIPLSU 3153
Surat Sahara Darwaja, Ring Road, Surat-395002
plot No.163, Above Ondoor Store, 2nd
11 M.P.-Bhopal Floor, M.P Nagar Zone II, Near Sargam
Talkies, Bhopal M.P - 462011 Bhopal Bhopal Bhopal Habibganj HABIBG 1860
UG 7-11, Apollo Trade Centre, Geeta
12 MP-Indore Bhavan Square, A-B Road, Indore-452001, Bhopal Bhopal Indore A B Road COLIND 1201
M.P.
864, First Floor, Bhawartal Garden,
Khanuja Complex, Opp. Agarwal Petrol
13 MP-Jabalpur
Pump & Maruti Showroom, Napier Town, Napier
Jabalpur-482002. Bhopal Bhopal Jabalpur Town NAPIER 0717
Frankfinn Institute of Air Hostess
Raipur Training , TF1 & TF1A, 3RD FLOOR,
14 Bhopal Bhopal Raipur Pandri PANRAI 1738
Center SHYAM PLAZA, OPP PANDRI BUS
STAND,RAIPUR (CG) – 492001
4th FLOOR, ARYA VAIDYASALA
Kerala- Kallai ERNAKULA
15 BUILDING, KALLAI ROAD, CALICUT-673 Chennai Chennai CALICUT CALICU 0671
Road Calicut M
001
Door No. 39/6795 & 39/6795 A, 1st Floor,
ERNAKULA ERNAKULA
16 Kerala-Kochi Vallamattom Estate, Ravipuram, M.G. Road, Chennai Chennai ERNAKU 0560
M M MAIN
Near to Shipyard, Kochi-682015.
Kerala- Ed Heights, III Floor (above Food World),
ERNAKULA
17 Thiruvananth Pattom (Opp.LIC Head Office), Chennai Chennai PALAYAM PALAYA 1267
M
apuram Thiruvananthapuram–695004

Rajasthan- C S Tower, Plot No. 14-B-1, Krishna Nagar,
18 Jaipur Jaipur Jaipur Park Street MULJAI 1436
Jaipur Gopalpura Bypass, Jaipur - 302015
19, C/2, DhanChand Sarani, ( Back Side of
West Bengal- DC Hall)Near City Nursing Home, Doctor
19 Kolkata Kolkata Burdwan DURGAPUR DURGAP 0044
Durgapur Colony, Durgapur - 713216, Dist -Burdwan,
West Bengal.
1st Floor, Guruaastha Building, Behind Axis
West Bengal
20 Bank ,Sevoke Road , Siliguri- 734001 West Kolkata Kolkata BURDWAN SILIGURI SILIGU 0780
Siliguri
Bengal ,
DB-44, Ground Floor, Sector-1, Near CA
Kolkata Salt Salt lake
21 Island, Salt Lake City, Kolkata-700064 Kolkata Kolkata GKR SALCAL 2946
Lake Sector III
. Email – saltlake_ccu@frankfinn.com
Unit No. 2 D , 2nd floor , New Town Square
Building , above Spencer's, Unit No. 2 D ,
2nd floor , New Town Square Building ,
AGB
above Spencer's
Infotech Greater
22 Chinar Park Crossing, Atghara More, Kolkata Kolkata Teghoria TEGHAR 2954
Private Kolkata
Rajarhat New Town, Kolkata -700136,
Limited
Phone No. 8420810640 (Mr. Anuj Mittal
(Owner).
Assam- 21, Janpath Lan, B.R. Tower, Ground Floor, GUWAHAT

23 Kolkata Kolkata GUWAHATI GAUHAT 0001
Guwahati Ulubari, G.S. Road, Guwahati-781007. I
Unit No. 101 & 102, No. 10, Hindustan Road,
Kolkata BALLYGUN
24 Gariahat, Kolkata - 700029. Email- Kolkata Kolkata KMR BALLYG 0021
Gariahat GE
garihat@frankfinn.com
Kolkotta- Binoy Bhavan, 2nd Floor, 27 B, Camac CAMAC
25 Kolkata Kolkata KMR CAMACS 0902
Camac Street, Kolkata – 700016. STREET

112, 1ST Floor, Saran Chambers - II, 5
26 U.P.-Lucknow Lucknow Lucknow Lucknow Narhi Narhi 0870
Park Road, Lucknow - 226001
GHATKOPA
Mumbai- Platinum Mall, 4th Floor, Opp. Ghatkopae Mumbai Mumbai MMCR GHAEAS 1378
R EAST
27 Ghatkopar East Railway Station, Ghatkopar (E),
GHATKOPA
Mumbai-400077. Mumbai Mumbai MMCR GHATKO 0395
R WEST
Mumbai - 43, 4th Floor, Ghantali Prasad Building, THANA
28 Mumbai Mumbai MMER THANA 0424
Thane West Near Ghantali Mandir, Thane(W)-4000602 WEST
-Mumbai- D-201, 2nd Floor, Above Vashi Station,
29 Mumbai Mumbai MMER Vashi VASHI 1043
Vashi Vashi, Navi Mumbai - 400703
BEST Building, ‘A’ Wing, 4th Floor, S.V.
Mumbai- ANDHERI
30 Road, Opp. Andheri Railway Station, Mumbai Mumbai MMNR andher 0380
Andheri W
Andheri (West), Mumbai - 400058.
Delhi- Vikas IInd & IIIrd Floor, 36, Defence Enclave, Defence
31 New Delhi New Delhi DMRIII BLYDEF 2717
Marg Vikas Marg, Delhi-110092. Enclave
Clock
Punjab- Office No. 5, 5th Floor, Surya Towers,
32 New Delhi New Delhi Chandigarh Tower LUDHIA 0161
Ludhiana 108, The Mall, Ludhiana – 141001.
Ludhiana
Kashmiri Complex, Upper Bazar,Hamirpur
Himachal -
33 Himachal Pradesh-177001 Tel : -01972- New Delhi New Delhi GHUMA
Hamirpur
224063,09459500063 Chandigarh Ghumarwin R 3834
SCO 118-120, 1st Floor, Sector 34 A, Sector 34
34 Chandigarh New Delhi New Delhi Chandigarh EXTSEC 9813
Chandigarh – 160034. Chandigarh
Himachal- Bell Villa, Scandal Point, The Mall, Shimla-
35 New Delhi New Delhi Chandigarh Shimla SIMLA 1058
Shimla 171001.
M-3, 2nd Floor, Above Kotak Mahindra
Delhi-South Defence
36 Bank, South Ex, Part – II, New Delhi- New Delhi New Delhi DMR II SOUTHE 0099
Extension Colony
110049.

Haryana- C-4, OLD DLF Colony, Sector-14, Opp.
37 New Delhi New Delhi DMR II DLF Sec 53 DLFGUR 3029
Gurgaon State Bank of India, Gurgaon-122001
Delhi -
C-12, 2nd Floor, Vishal Enclave, Opp. Metro Najafgarh
38 Rajouri New Delhi New Delhi DMR II NAJAFG 0794
Pillar No. 414, New Delhi – 110027. Road
Garden
Punjab- 1st Floor, Panesar Complex, Opp. King’s Model Town MODJA
39 New Delhi New Delhi Jalandhar 5323
Jallandhar Hotel, 20 G.T. Road, Jalandhar – 144001. Jalandhar L
Jain Soda Water,2nd Floor, Main Sadar
Haryana- ambala
40 Market, Opposite Hotel Grace, Ambala New Delhi New Delhi karnal DAVSCH 2555
Ambala cantt
Cantt. - 133001, Tel : 0171-4009631/32
Orissa-
Plot No.761(P), Maharishi College Road, Bhubaneswa Bhubanesw
41 Bhubaneshwa Patna Patna BHUBAN 0688
Saheed Nagar, Bhubaneshwar - 751007 r ar Main
r
Kalinga Arcade, 1st Floor, (Above TITAN
Maharashtra Showroom), Shankar Nagar Square, (Opp. Medical MEDNA
42 Pune Pune Nagpur 4069
-Nagpur Shankar Nagar Petrol Pump), Nagpur – Square G
440010.
2nd Floor, Osia Commercial Arcade, "E"
MARGA
43 Goa-Margaon Wing, Near Kadamba Bus terminal, Margao, Pune Pune Panaji Margao 0486
O
Goa - 403601
Frankfinn Institute of Air Hostess
Training, 4th Floor, Above P.N.Gadgil
Pune -
44 Jewellers, Happy Colony,Lane No-1., Opp. Pune Pune Pune Karve Road KARVER 0447
Kothrud
Kothrud Stand, Karve Road, Kothrud, Pune-
4411038
Connaught Place, III Floor, CTS No.28, Station
45 Pune BG Pune Pune Pune STAPOO 0452
Bund Garden Road, Pune 411001. Road

Annexure 40
Branches mapped to Centers of Hughes Global Education (Tie up partner for EDP Courses)
Sr Branch Branch Branch

Centre Name Contact Name City Zone Region
. Name Alpha Sol ID
Bhaviniben Dharmeshbhai
Shah,Ring road, Shah Dharmeshbhai Ahmedab Navrangp
1 Ahmedabad(Premium) Kirtikumar Ahemdabad Ahmedabad ad ura NAVRAN 0333
M/s. Andhra Institute of Rani VMS/Phani Vishakhapattna Visakhap
2 Technology Prasad m Bangalore atnam Asilmetta ASILME 1270
3E EduTech, Bellandur Road Bengalur
3 Bangalore Ravi Bangalore Bangalore u St Johns STJOHN 0521
Eclat Education - JP Nagar, Mr. Satyanarayan B Bengalur
4 Bangalore V Bangalore Bangalore u J P Nagar JPNAGA 2750
Bengalur
5 Eclat Education,Koramangala Sathya Bangalore Bangalore u St Johns STJOHN 0521
EduNext
Consulting,Yelahanka Bengalur Palace ORACHR
6 Bangalore Mr.Vikas Bangalore Bangalore u Orchards DS 1011
Nali Clock Software
Solutions Pvt. Ltd., Bengalur BTM
7 Electronic City Reddy Bangalore Bangalore u Layout BTMBAN 2960
Prakash Chand
Malhotra,Whitefield Bengalur Marthaha
8 Bangalore Mr.Harsha Bangalore Bangalore u lli MARTHA 3193
Sachsen Technologies
Domlur Bangalore Bengalur Marthaha
9 Keerthi , Deivam Bangalore Bangalore u lli MARTHA 3193

Sachsen Technologies Bengalur Rajajinag
10 Rajajinagar Bangalore Keerthi , Deivam Bangalore Bangalore u ar RAJAJI 0809
Supragnya Educational
services - HRBR Layout, Raghunandan / Bengalur Frazer
11 Bangalore Prathibha Bangalore Bangalore u Town FRASER 1263
Ascent Solutions, Hitech Hyderab Hitech
12 City Hyderabad Venu/Shailasree Hyderabad Bangalore ad City CYBHYD 2753
M/s. Comtech Solutions, Hyderab
13 Begumpet Sayed Yusuf Ali Hyderabad Bangalore ad Begumpet BEGUMP 3413
Prima Consultants, Hyderab Hitech
14 Gopanpally, Hyderabad Prashant Kanjilaal Hyderabad Bangalore ad City CYBHYD 2753
unforgettable french Hyderab Hitech
15 montana Sruthi Hyderabad Bangalore ad City CYBHYD 2753
Shanti Niketan Computer
and Communications Pvt.
Ltd,Zadeshwar Zadeshwa
16 Road,Bharuch(Premium) Jivraj Patel Bharuch Baroda Bharuch r Road ZADESH 3304
Rohit Chandorkar / Baroda
17 Acumen (Rohit Chandorkar ) Mahesh Malusare Vadodara Baroda city alkapuri ALKAPU 0188
Sharp Edge
Education,Sayajigunj,Vadod Baroda Sayajigar
18 ra(Premium) Khevina Patel Vadodara Baroda city h SAYAJI 0200
19 Achievers Academy, Vapi Ashish Parekh Vapi Baroda Bulsar Ssi vapi INDVAP 0238
Parichay Communications &
technologies Pvt.
Ltd,Devendra
Nagar,Raipur,Chattisgarh(Pr Pandri
20 emium) Parichay Chakravarty Raipur Bhopal Raipur Raipur PANRAI 1738

Aadi Communication System, Arera
21 Sahahpura, Bhopal(Premium) Ashish Trivedi Bhopal Bhopal Bhopal Colony ARERAC 2921
Kalpataru Education,South Swapnil Jain/Anupa RNT
22 Tukaganj,Indore(Premium) Jain Indore Bhopal Indore Marg INDORE 0606
Saili Consultancy Services
,Tilak Vijay
23 Nagar,Indore(Premium) Raksha Modak Indore Bhopal Indore Nagar VIJIND 2927
ERNAKU CALICUT
24 TLC Academy Desmond Babu Calicut Chennai LAM MAIN CALICU 0671
Lali Abraham,Warriam ERNAKU Ernakula
25 Road,Cochin(Premium) Lali Abraham Cochin Chennai LAM m Main ERNAKU 0560
Spring
Board,Sasthamangalam,Thir Thiruvanthapur ERNAKU Peroorkka
26 uvanthapuram(Premium) L.V. Sreeram am Chennai LAM da PEROOR 2986
Mr. Jankarathinam Chennai Tambara
27 Career Shine Academy Gopal Chennai Chennai Metro m TAMBAR 2632
M/S Sadras Maruthi, Chennai PBB Anna
28 Annanagar -West Chennai Mr . Sadras Maruthi Chennai Chennai Metro Nagar PBBANN 2344
M/S Sanjay Mullasseri, Chennai Nungamb
29 Chetpet Chennai Sanjay Mullessari Chennai Chennai Metro akkam NUNGAM 0804
Sanjay Mullasseri, Chennai Thiruvan
30 Thiruvanmiyur, Chennai Sanjay Mullessari Chennai Chennai Metro miyur THICHE 3795
IFC College and Computer
Educational Trust,Avinashi Coimbato Ramnagar
31 Road,Coimbatore(Premium) S. Shankar Coimbotore Chennai re Branch RAMNAG 0887
IPS Education and Learning
,Nirman Nagar, Deepti Agarwal/ Vaishali
32 Jaipur(Premium) Sudhir Agarwal Jaipur Jaipur Jaipur nagar VAIJAI 2961

Singhvi Communications,
Kamla Nehru Sardarpu
33 Nagar,Jodhpur(Premium) Vidrum singhvi Jodhpur Jaipur Jodhpur ra SARJOD 3076
Ashwin
Sanadhya,shimmi UDAIPU SSI
34 Softell Infotech sandhya Udaipur Jaipur R SUKHER INDSUK 2437
Vinayak,DC complex
Durgapur,Westbengal(Premi BURDW DURGAP
35 um) Sandip Kayal Durgapur Kolkatta AN UR DURGAP 0044
Achievers Centre of CR
36 Excellence, Kolkata, WB Mr.Jami Kolkatta Kolkatta KMR AVENUE CHITTA 0590
GARIA
STATIO
37 Brainy,Garia Bazar Kolkata Krishna Roy Kolkatta Kolkatta KMR N STAGAR 3725
Mr Noel Fernandes/ CAMAC
38 Edugyan , Kolkatta Pradipto Kolkatta Kolkatta KMR STREET CAMACS 0902
ILEAD Foundation, Kolkata, PARK
39 WB Mohan Kumar Kolkatta Kolkatta KMR CIRCUS PARKCI 0591
GREATE SALT
R LAKE
More Education, Salt Like, Mrs.Megha More, KOLKAT SECTOR
40 Kolkata, WB Mr.Sharad More Kolkatta Kolkatta A III SALCAL 2946
C DOTS EDUCATIONAL
41 SOCIETY B.K. Karmakar Kanpur Lucknow Kanpur SME 1 SSIKAN 2577
Kesri Services,Subhash
42 Marg,Lucknow(Premium) Ratnesh Gupta Lucknow Lucknow Lucknow Charbagh CHARBA 1531
Shantanu Kumar,Gomti Gomti
43 Nagar, Lucknow(Premium) Shantanu Kumar Lucknow Lucknow Lucknow Nagar SAVGOM 2670

Mrs. Geetanjali VARAN MAHMO MAHMO
44 M/s. Diksha Technology /Manoj Diwedi Varanasi Lucknow ASI ORGANJ O 4016
KRISH eGURUKOOL Pvt.
45 Ltd, Vashi Vanesha Patel Mumbai MMER VASHI VASHI VASHI 1043
M/s Headway,Vikhroli
46 Mumbai Arti Derhgawen Mumbai MUMBAI MMER VIKHRO VIKHRO 4732
SHIVAJI
47 M/s. Neuroprints, Dadar(W) B.V RAO Mumbai MUMBAI MMCR PARK SHIBOM 0415
ANDHER
SLT Devign Technologies, I
48 Andheri B.V RAO Mumbai Mumbai MMNR EAST ANDEAS 3800
SLT Devign Technologies, Malad
49 Malad(W), Mumbai B.V RAO Mumbai Mumbai MMNR West MALAD 0402
SLT Devign Technologies, THANE
50 Thane(W), Mumbai B.V RAO Mumbai Mumbai MMER WEST THANA 0424
ATM Global Executive Prof. Shameena Ashok
51 College, Ashok Vihar Gupta Delhi New Delhi DMR-I Vihar DELWAZ 0713
ATM Global Executive Prof. Shameena Parliamen
52 College, CP Gupta Delhi New Delhi DMR-I t Street PARLIA 0586
Excell Education, Pitampura, Vishakha
53 New Delhi Rajesh Manchanda Delhi New Delhi DMR-I Enclave VISDEL 1941
M/S Mrs Raj Saini, Malviya Malviya
54 Nagar Delhi Col. Saini Delhi New Delhi DMR II Nagar MALVIY 4523
M/s. Suhil Ul Rehman, New
55 Delhi Suhail Zaffer Delhi New Delhi DMR II Kalkaji KALKAJ 4269
RNR Education Pvt. Ltd,
Dwarka Delhi Dwarka
56 Rajeev Bhatia Delhi New Delhi DMR II Sector 12 DAWARK 3030

RNR Education Pvt. Ltd,
57 Rajagarden New Delhi Rajeev Bhatia Delhi New Delhi DMR II Motinagar MOTINA 5232
ATM Global Executive Prof. Shameena Sector-31
58 College, Sec37, Faridabad Gupta Faridabad New Delhi DMRIII Faridabad HUDFAR 4956
ONYX Virtual Learning Pvt Sector-16
59 Ltd,Faridabad Aman Uttam Faridabad New Delhi DMRIII Faridabad SCOFAR 4109
Calsys Solutions Sector 46 Gurgaon
60 Gurgaon Vivek Sharma Gurgaon New Delhi DMR- II sec. 31 SECTOG 5177
Gurgaon ,
ONYX Virtual Learning Pvt basni
61 Ltd, Sector14 Gurgaon Vivek Varshney Gurgaon New Delhi DMR- II road BASGUR 5183
ONYX Virtual Learning Pvt Sohna
62 Ltd,Sohna Road Vivek Varshney Gurgaon New Delhi DMR- II Road SOHNAR 3371
ONYX Virtual Learning Pvt Gurgaon
63 Ltd,Sushant Lok Vivek Varshney Gurgaon New Delhi DMR- II sector-7 SECGUR 4437
SECTOR
Onyx Virtual Learning Pvt. 18
64 Ltd., Secotr-18, Noida Vivek Varshney Noida New Delhi DMR 3 NOIDA SSIGAZ 2562
Sonica Dhankhar, GENNOI
65 StepTwo, Sector 64 Noida Mohit Kumar Noida New Delhi DMR 3 D GENOID 3372
sec 8
Future Perfect Management pachkula
Consultants,Sector-12, sco 56
66 Panchkula(Premium) Dhiraj Chhibbar Panchkula New Delhi karnal KARNAL BLYPAN 2721
Neha Infotech,Rehari
Mohalla, Jammu(Premium) GANDHI
JALAND NAGAR
67 Neeraj Sharma Jammu New Delhi HAR JAMMU GANJAM 1875

SECTOR
34
CHANDI CHANDI
Pinnacle Inc.Sec34 A, GARH GARH
68 Chandigarh(Premium) Navjit Singh Chandigarh New Delhi REGION BRANCH EXTSEC 9813
G T
ROAD
JALAND JALAND
69 Davinder Singh, Jyoti Nagar Amandeep Singh Jalandhar New Delhi HAR HAR JULLUN 0102
Dugri
Ajay neb,Dungri Road, Chandiga Road,
70 Ludhiana(Premium) Ajay Neb Ludhiana New Delhi rh Ludhiana DUGLUD 4769
Chandiga Phase 9
71 Mentor consulting Navjit Singh Mohali New Delhi rh Mohali MOHALI 2780
Anurag Rai
Srivastava,Vasundhara, Anurag Rai Vasundha
72 Ghaziabad(Premium) Srivastava Gaziabad New Delhi DMRIII ra VASGHA 3316
Srikrishn
73 Elite Asha Foundation N.K. SINGH Patna Patna Patna a Puri SRIKRI 1863
SAHCOM Rajesh Kumar/Neha
Technologies,Boring Road, Prasad/Shankar Srikrishn
74 Patna(Premium) kumar Patna Patna Patna a Puri SRIKRI 1863
Global Management training
Centre,Norther Jamshed Jamshedp
75 Town,Jamshedpur(Premium) Rohit Kumar Rai Jamshedhpur Patna pur ur Main JAMSHE 0019
M/S Santilata Patnaik/S.
Lokesh Rao Jamshed SSI
76 S. Lokesh Rao Jamshedhpur Patna pur Sakchi SSIBIS 2667

Global education
Management Centre,Old H B Manpreet Singh / Jamshed
77 Road,Ranchi(Premium) Rajesh Ranchi Patna pur Ramgarh RAMGAR 2917
Sumi
Madhukar,Lalpur,Ranchi(Pre Jamshed
78 mium) Sumi Madhukar Ranchi Patna pur Raturoad RATURO 2917
B. R. Associates,IRC village, Bhubane
79 Bhubaneshwar(Premium) Manav Jalan Bhuvneshwar Patna swar Nayapalli SAVNAY 2765
C K GUPTA, Bhubane Bhubanes
80 Patia,Bhubaneshwa C.K.GUPTA Bhuvneshwar Patna swar war Main BHUBAN 0688
LAKSHYA,Panaji ,
81 Goa(Premium) Vishal Agarwal Panaji Pune Pune Panaji PANAJI 0482
M/s Halo Technologies and Hariprasad Marla/ Medical
82 training pvt. ltd. Latika Nagpur Pune Nagpur Square MEDNAG 4069
Rajiv govind Rajiv govind
Bhagchandani,Girish Bhagchandani / Medical
83 Heights,Nagpur(Premium) Govind Bhagchandani Nagpur Pune Nagpur Square MEDNAG 4069
First Reach Marketing
84 Services Pvt.Ltd , Hadapsar Shanmugam Pune Pune Pune Hadapsar HADAPS 2483
Services Pvt.Ltd , Karve Karve
85 road Pune Shanmugam Pune Pune Pune Road KARVER 0447
86 Services Pvt.Ltd, Wakad Shanmugam Pune Pune Pune Kalewadi KALEWA 4618
Statart Technologies, Kalyani
87 Kalyani Nagar, Pune Mrs.Pratima Rathi Pune Pune Pune Nagar KALPUN 3171
Statart
88 Technologies,Aundh,Pune Mrs.Pratima Rathi Pune Pune Pune Aundh AUNDH 3860

Annexure 41
Branches mapped to Centers of “Times Professional Learning (TPL), a division of Bennett, Coleman and Company Limited” (Tie up
partner for EDP Courses)
Sr Branch Branch Branch

Centre Name Centre Address City Zone Region
. Name Alpha Sol ID
Office No 502-507, 5th Floor, Yash
Aqua (above McDonalds), Vijay Char Ahmedaba Ahmedab Navrang
Navrangpura Ahmedabad NAVRAN 0333
Rasta, Navrangpura, Ahmedabad, d ad pura
1 Gujarat 380 009
548, 1st Floor, Vars Promendade,
Bangalor Indirana
Indiranagar Shyam Complex, CMH Road, Bangalore Bangalore BANGBS 2874
e gar
2 Indiranagar, Bangalore- 560038
30/1, Leemans Complex Above
Cunningham Bangalor Brigade
Rehham's Restaurant 3rd Floor, Bangalore Bangalore BRIGAD 0665
Road e Road
3 Cunningham Road, Bangalore- 560052
228, 2nd cross, Neeladari Nagar,
Electronic City- Phase-1, Next to
Electronic Bangalor BTM
Wipro 16 number Gate, Opp to HDFC Bangalore Bangalore BTMBAN 2960
City e Layout
Bank, Vijaya Bank Building 2nd Floor,
4 PIN-560100
HRBR Layout kammanahalli Rind Road
Bangalor Frazer
Kamanahalli , Next to pizza hut, bangalore- Bangalore Bangalore FRASER 1263
e Town
5 560043 karnataka
174/40, 402, 4th Floor, Lucky
Paradise, 22nd cross, 8th 'F' Main Bangalor Jayanaga
Jayanagar Bangalore Bangalore JAYANA 0764
Road, Opp. ICICI Bank, 3rd Block, e r
6 Jayanagar, Bangalore - 560 011

96, R.J garden, ,Chinnappanahalli,
Bangalor
Marathahalli Marathahalli Ring Road, Bangalore- Bangalore Bangalore Marthalli MARTHA 3193
e
7 560037
1st Floor, Umiya Emporium, Hosur
Bangalor
Koramangala Main Road, Sadduguntepalya, Bangalore Bangalore St Johns STJOHN 0521
e
8 Koramangala, Bangalore 560 029
3rd floor, GHS centenary Building,
GHS Road- Mangalor
GHS Road, Hampankatta, Mangalore Bangalore Hubli MANGAL 0525
Hampankatta e Main
9 MANGALORE-575001
B.V. Raju Bhavan, 2nd Floor, Banjara
Hills, Road No 2 (Above Harley Hyderab Jubilee
Banjara Hills Hyderabad Bangalore JUBILE 1809
Davidson Bike Showroom), ad Hills
10 Hyderabad, Andhra Pradesh 500 034
Gachibowli RSA Education,R3 Icon 6-8A, 3rd
Hyderab Serilinga
Road- Floor Above Dominos, Gachbowli Road Hyderabad Bangalore SERILI 4622
ad mpally
11 Shaikhpet Shaikpet -500008
TimesPro 1st Floor, Samachar Bhavan,
A.B.
Behind Dainik Bhaskar (opposite
A B Road Indore Bhopal Indore Road COLIND 1201
Swadesh Bhavan), Press Complex, A B
Branch
12 Road, Indore 452 008
New No : 24, Old No 34, 2nd Main
Road, Kasturibai Nagar, Opp Adayar Chennai MRC
Adyar Chennai Chennai MRCNAG 1969
Bus Stand. Behind Nilgiris Building. Metro Nagar
13 Adayar, Chennai-600020
No. 113, First floor, Wing A, Mena
Kampala Arcade, Above Globus, Chennai
T Nagar Chennai Chennai T. Nagar THEAGA 0532
Thyagaraya Road, T. Nagar, Chennai, Metro
14 Tamil Nadu 600 017

2nd Floor, Saptarang, Above Axis
Bank, Lakshmi Mills Junction, Avinashi Coimbato Ramnaga
Avinashi Road Coimbatore Chennai RAMNAG 0887
Road, Coimbatore, Tamil Nadu 641 re r Branch
15 037
TLC ACADEMY , TRADE LINKS
COMPLEX -THIRD FLOOR' , BYPASS ERNAKU CALICU
MANKAVE Calicut Chennai CALICU 0671
JUNCTION, MANKAVE, CALICUT LAM T MAIN
16 670 007
Times Of India Group, Times House -
ERNAKU Ernakula
Chitoor Road 57/1259, Chitoor Road, Ernakulam, Cochin Chennai ERNAKU 0560
LAM m Main
17 Kerala 682 016
synergy maxlearn, 2nd Floor, Rema
Thiruvananthap ERNAKU
Thampanoor Plaza, SS Kovil Road, Thampanoor, Chennai Fort TRIVAN 0557
uram LAM
18 Trivandrum - 695014
Plot No 36-37, 4th Floor, SDC Vinay,
Malviya
Malviya Nagar Malviya Nagar, Mauji Colony, Jaipur, Jaipur Jaipur Jaipur MALJAI 2911
nagar
19 Rajasthan 302 017
TimesPro 11th Floor, Shantiniketan
CAMAC
Camac Street Building, Camac Street, Kolkata 700 Kolkata Kolkata KMR CAMACS 0902
STREET
20 017
Suraj Deep Complex 1, 2nd Floor,
Jopling
Hazrat Ganj Jopling Road, Hazrat Ganj Area, Lucknow Lucknow Lucknow Joplin 4703
Road Br
21 Lucknow, Uttar Pradesh 226 001
The Capital, 905, 9th Floor, Bandra
Bandra East Mumbai Mumbai MMCR BKC BANEAS 2904
22 Kurla Complex, Bandra East
2nd Floor, Srushti Pride, Above Bank
THANE
Thane west of Baroda, Ram Maruti Road, Thane Mumbai Mumbai MMER THANA 0424
WEST
23 West 400 604

A- Wing, 306 Om Rachna Building,
Vashi Sector - 17, Vashi, Navi Mumbai. Navi Mumbai Mumbai MMER VASHI VASHI 1043
24 400703
Unit No 3, 1st Floor, Vakratunda
Corporate Park, Vishweshwar Nagar,
Goregaon
Goregaon CTS No 256, Off Aarey Road (next Mumbai Mumbai MMNR GOREAS 1758
East
to Udupi Vihar), Goregaon East,
25 Maharashtra 400 063
Sector
Unit no. 203/204, 02nd floor, SCO Chandiga 34,
Sector 34 A Chandigarh New Delhi EXTSEC 9813
96-97, Sector 34A, Chandigarh, rh Chandiga
26 rh
M 24, 02nd Floor, Old DLF Colony, Gurgaon
Sector 14 Gurgaon New Delhi DMRII GURGAO 0107
27 (Ghoda Chowk), Sector 14, Gurgaon. Main
South TimesPro, F-11, South Ext Part 1, Defence
New Delhi New Delhi DMRII SOUTHE 0099
28 Extension Near Mc Donald, New Delhi - 110 049 Colony
Unit no. 208 - B, I-THUM Tower, Gen
Sector 62 Noida New Delhi DMRIII GENOID 3372
29 Sec-62, Noida, UP 201301. Next
5, Park End, 1st Floor, Opposite
Preet
Preet vihar Metro Pillar No. 101, Vikas Marg, New Delhi New Delhi DMRIII PREETV 4154
Vihar
30 Preet Vihar, New Delhi - 110092
C53, Sector 2, 1st Floor, Noida
SSI
Sector 2 201301 Noida New Delhi DMRIII SSIGAZ 2562
Noida
31
GT
Jagdambey Complex, Jyoti Nagar JALAND ROAD
Jyoti Nagar Jalandhar New Delhi JULLUN 0102
Jalandhar Punjab 144003 HAR JALAND
32 HAR

Gulmohar Building, Ground Floor,
Behera Sahi, Nayapalli (opposite Bhubane
Nayapalli Bhubaneshwar Patna Nayapalli SAVNAY 2765
NABARD Regional office), swar
33 Bhubaneshwar, Odisha 751 012
6th Floor, Asha Birenu Palace, Sanjay Jamshed
Sakchi Jamshedpur Patna Sakchi SSIBIS 2991
34 Road, Sakchi, Jamshedpur - 831001 pur
Times of India Building, 6th floor,
Patna
Fraser Road Lakshmi Apartment, Fraser Road, Patna Patna Patna PATNA 0003
Main
35 Patna 800 001
4th floor, Fortune house Above DBS
bank Opp. More super market Near
Model Colony Pune Pune Pune Aundh Aundh 3860
Deep Bunglow chowk Model colony.
36 Pune 411016
The Avenue, 03rd Floor, Office
No.3A, Serve No. 106/9A, Near Hadapsa
Hadapsar Pune Pune Pune HADAPS 2483
Shankar Math, Hadapsar, Pune- r
37 411028
9th Floor Shree Ram Towers,
Medical
Nagpur Kingsway Road, Sadar Bazar, Nagpur- Nagpur Pune Nagpur MEDNAG 4069
Square
38 440001

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Sr. Topic Page no.

Sr. Product Name Target Group

Other than Senior Officers:

Illustration for repayment:

June,’ 12 to May, ’13 *By monthly Recovery of loan - 12500 NIL

Target Group  Students pursuing Graduation, Post Graduation, Professional and

Where the selection process are not purely based on marks

A meritorious student (who qualifies for a seat under merit

Note: The details of expenses for the entire course period to be

 0.50 % Concession in rate of interest to loans sanctioned for

 Servicing of interest during the moratorium period till

 The additional 1% concession in interest for servicing interest

 The effective rate of interest should not go below the I year

 In case of above extention, moratorium period will stand

Above Rs. 4.00 Lacs and up to Rs. 7.50 lacs:

 Collateral in the form of a suitable third party guarantee along

Above Rs. 7.50 lacs :

Tangible collateral security equal to 100% of the loan amount along

 The Collateral security can be in the form of mortgage of

Wherever the property is already mortgaged to any Retail Loan,

 In case of receipt of application for more than one loan for

Disbursement  Directly to School / Institution / hostel -- term wise / year wise,

b) Staff related accounts:

Relatives of other than Senior Officers:

c) Relatives of Senior Officers (Grade Scale IV and Above):

Sanctioning AuthorityLoan Amount

 Extant guidelines for sanction of loans to relatives of Senior

 No application should be rejected without the concurrence

 If the student wants to pursue further education, additional

 In this case, the moratorium period granted initially for the

The following conditions are suggested for release of subsequent

Finacle Code LA130, LA133, LA152

Quantum of Category Maximum Loan Limit

For List-A Institutions:

For List-B Institutions:

Upto Rs.7.50 Lacs : 1 year MCLR+ 0.75% Spread ( Including SP)

For List-C Institutions:

Upto Rs.7.50 Lacs : 1 year MCLR+ 1.50% Spread ( Including SP)

 No special concession for girl students under this scheme.

Moratorium Course period + 1 year.

Up to Rs. 40.00 Lakh:No Security

For Institutions in List-A:

Up to Rs. 20.00 Lakh: No Security

For Institutions in List-B:

Up to Rs. 7.50 Lacs: No Security

For Institutions in List-C:

 The Collateral security can be in the form of mortgage of properties

 In case the loan is given for purchase of computer, the same to

Margin on collateral Security:

Wherever the property is already mortgaged to any Retail Loan, the

 If the student is minor, documents to be executed by father /

b) Staff related accounts:

Relatives of other than Senior Officers:

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