HOW TO GET EDUCATION LOAN FOR ENGINEERING

How to Get Education Loan For Engineering

How to Get Education Loan For Engineering

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Education Loan Schemes for SC/ST/OBC Engineering Students

Introduction
How to Get Education Loan For Engineering in India. it is Access to quality education is a powerful tool for social upliftment. To ensure students from marginalized communities have equal opportunities, the government and various financial institutions offer dedicated education loan schemes for SC/ST/OBC students pursuing professional courses like engineering. These schemes not only cover tuition fees but also offer benefits like lower interest rates, subsidies, & relaxed eligibility conditions. This is the best student's guide, highlighting the most useful of the key education loan schemes available for SC/ST/OBC engineering aspirants in 2025.

Top Education Loan Schemes for SC/ST/OBC Students:

 


  • Dr. Ambedkar Central Sector Scheme (For Overseas Studies)


 



      • Offered by the Ministry of Social Justice and Empowerment.

      • It is the engineering students who provide financial support for SC/OBC students to pursue higher education abroad, including engineering.

      • Covers tuition, living expenses, travel, & more.

      • Family income should be below ₹8 lakh per annum.




 

  • National Scheduled Castes Finance and Development Corporation (NSFDC) Loan Scheme


 



      • Offers loans up to ₹20 lakhs for SC students for professional courses.

      • Interest rate: as low as 4% for students.

      • Available through state-level SC development corporations.




 

  • National Backward Classes Finance & Development Corporation (NBCFDC)


 



      • Supports OBC students pursuing engineering and technical courses.

      • Loans can be availed through state channelizing agencies with minimal interest.




 

  • Central Sector Interest Subsidy Scheme (CSIS)


 



      • Available for all students, including SC/ST/OBCs, from families with an income of less than ₹4.5 lakh.

      • Offers full interest subsidy on education loans during the moratorium period (course duration + 1 year).

      • Apply through public or private banks offering the IBA model education loans.




 

  • State-Specific Loan Schemes


 


    • Many states, like Karnataka (Arivu Loan), Tamil Nadu, and Uttar Pradesh, offer subsidized education loans to SC/ST/OBC students enrolled in professional courses like B.E./B.Tech.



Conclusion
How to Get Education Loan For Engineering SC/ST/OBC engineering students in India have access to several targeted education loan schemes that ease the financial burden of higher education. These loans, supported by the government and development finance corporations, offer low interest rates, extended repayment terms, & subsidies to encourage academic advancement. By exploring central, state, and institutional schemes & applying early with proper documentation, eligible students can take a confident step toward a successful engineering career.

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