Vocational educational and training | Loan to Scheduled Caste youth for pursuing Vocational Education and Training Courses in India.

Operated by
Ministry of Social Justice and Empowerment - Scheduled Caste (SC) Welfare - National Scheduled Caste (SC) Finance and Development Corporation, Central Govt
Purpose
Loan to youth to enhance their skills and employability by pursuing Vocational Education and Training Courses in India.
Probable duration
-

Eligibility

  • The trainee should be from the Scheduled Caste (SC) community;
  • The annual family income of the trainee should be below the Double the Poverty Line (presently, annual family income Rs.98,000/- for rural areas and Rs.1,20,000/- for urban areas).
  • The trainee should have secured admission in a course run or supported by a Ministry/Deptt./Organization of the Government or a Company/Society/Organization supported by National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. Issued by a Government Organization or an Organization recognized/authorized by the Government to do so.
  • Vocational Education and Training courses of duration of upto two years, run or supported by 0 Ministry/Department/Organization of the Government or a Company/Society/Organization supported by a National Skill Development Corporation or State Skills/Mission/State Skill Corporations.
  • There is no specific restriction with regard to the minimum age of the trainee to be eligible for the loan. However, if the trainee is minor, the parents can execute the loan document. The upper age limit is upto 50 years.

Benefit Description

To provide financial assistance in the form of loan to youth of target group to enhance their skills and employability by pursuing Vocational Education and Training Courses in India.

Application process

Not Known

Other Details

Conditions if Any
  • Expenses to be considered for vocation education and training courses
  • Admission/tuition fee
  • Examination, Library, Laboratory Fee
  • Caution Deposit
  • Purchase Of Books, Equipment, Instruments
  • Boarding and Lodging
  • Insurance for loan amount
  • Any other reasonable expenses found necessary for completion of the course certified by vocational education and training institute.
More Information
Annexure Link: -
Link:
http://nsfdc.nic.in/uniquepage.asp?ID_PK=42# 

File: -