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Details of Special Education Loan Scheme for students of Tier-II Management & Technical Institutes:
Feature
Details
1
Eligibility
Students who secure admission in the following institutes for flagship undergraduate / postgraduate course for the academic year 2024-25.
Sr. No.
Name of University/ College/ Institutes
Courses
Management
1.
Alliance School of Business, Bengaluru
MBA, PGDM
2.
Amity Business School, Noida (U.P.)
3.
Army Institute of Management (AIM), Kolkata
4.
Bharathidasan Institute of Management (BIM), Tiruchirappalli
5.
Birla Institute of Management Technology (BIMTECH), Greater Noida
6.
ICFAI Business School (IBS), Hyderabad
7.
IFIM Business School, Bengaluru
8.
IFMR Graduate School of Business, Chennai/Sri City
9.
Institute of Management Christ University, Bengaluru
10.
International Management Institute (IMI), Bhubaneshwar / Kolkata
11.
Jaipuria Institute of Management, Noida (U.P.)
12.
Jamia Millia Islamia, New Delhi
13.
Kirloskar Institute of Advanced Management Studies (KIAMS), Bengaluru / Pune
14.
KJ Somaiya Institute of Management Studies and Research (KJSIMR), Mumbai
MBA,MMS, PGDM
15.
L.N. Welingkar Institute of Management Development and Research, Bengaluru
16.
Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi
17.
Loyola Institute of Business Administration (LIBA), Chennai
18.
National Institute of Bank Management (NIBM), Pune
19.
National Institute of Construction Management & Research (NICMAR), Pune/ Hyderabad/ Delhi-NCR/ Mumbai/ Goa
20.
Shri Dharmasthala Manjunatheswara Institute for Management Development (SDMIMD), Mysore
21.
Soil School of Business Design, Manesar (New Delhi)
22.
Sri Ramaswami Memorial University (SRM), Chennai/ Ghaziabad
23.
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai
MMS, PGDBM
24.
Symbiosis Institute of International Business (SIIB), Pune
25.
Symbiosis School of Banking & Finance, Pune / Indore
26.
Xavier Center for Urban Management & Governance (XUMG), Bhubaneswar
27.
Xavier Emlyon Business School (XEBS), Bhubaneshwar
28.
Xavier Institute of Social Services (XISS), Ranchi
29.
Xavier School of Commerce (XSC), XIM Harirajpur, Odisha
30.
Xavier School of Sustainability (XSOS), Kakudia Odisha
Post Graduate Program in Sustainability Management (MBA-SM)
31.
Indian Institute of Forest Management (IIFM), Bhopal
Post Graduate Diploma in Forestry Management (PGDFM)
32.
National Insurance Academy, Pune
MBA/PGDM
33.
Symbiosis Institute of Applied Sciences, Indore
MBA-BFSI, BBA-BFSI, BBA Retail, B.Tech-CSIT, B.Tech- Mechatronics, B.Tech-Automobile
34.
Alagappa Chettiyar College of Engineering & Technology (Anna University), Chennai Tamilnadu
B.Tech.
35.
Army Institute of Technology (AIT), Pune
36.
Amrita Vishwa Vidyapeetham, Coimbatore/ Bengaluru/Amritapuri
37.
Bharti Vidhyapeeth College of Engineering, Pune
38.
Birla Institute of Technology & Sciences (BITs) Ranchi
B.Tech./ BE
39.
BMS College of Engineering, Bengaluru
40.
College of Engineering Guindy (CEG), Chennai
41.
College of Engineering, Pune
42.
Dhirubhai Ambani Institute of Information & Communication Technology, Gandhinagar
43.
Faculty of Engineering & Technology, Jadavpur/ Kolkata
44.
Galgotias College of Engineering & Technology, Greater Noida
45.
Harcourt Butler Technical University, Kanpur
46.
Indian Institute of Information Technology (IIITs)
47.
Indian Institute of Information Technology Design & Manufacturing (IIITDM), Kurnool/ Jabalpur
48.
Indian Institute of Space Science & Technology (IIST), Thiruvananthapuram
B. Tech.
49.
Indian Maritime University – Kochi/ Visakhapatnam/ Kolkata/ Mumbai
50.
Institute of Chemical Technology (ICT), Mumbai
51.
Kalinga Institute of Industrial Technology (KIIT) Bhubaneshwar
B.Tech
52.
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
B.Tech.other than courses covered in Tier I Cat-B
53.
Madras Institute of Technology (Anna University), Chennai
54.
Maharaja Surajmal Institute of Technology, New Delhi
55.
Manipal Institute of Technology (MIT), Manipal
56.
Marine Engineering & Research Institute, Kolkata
57.
Osmania University College of Engineering, Hyderabad
58.
PSG College of Technology / PSG Institute of Advanced Studies Coimbatore
59.
Thiagarajar College of Engineering, Madurai
60.
Punjab Engineering College, Chandigarh
61.
RV College of Engineering, Bengaluru
62.
Shanmuga Arts Science Technology & Research Academy (SASTRA), Thanjavur// Kumbakonam
B.Tech. / BE
63.
Shiv Nadar College of Engineering, Kalavakkam Chennai
64.
Shri Ramdeobaba College Engineering & Management, Nagpur
65.
Sikkim Manipal Institute of Technology, Majitar
66.
SVKM Dwarkadas J. Sanghvi College of Engineering, Mumbai
67.
SVKMS’s NMIMS Mukesh Patel School of Technology Management & Engineering, Mumbai
68.
University College of Engineering, Burla Odisha
69.
Veermata Jijabai Technological Institutes (VJTI), Mumbai
70.
Vellore Institute of Technology (VIT), Vellore/Chennai/ Amaravati
B.Tech./BE
71.
Institute of Engineering & Management, Kolkata
72.
73.
Jaypee Institute of Information Technology, Noida (U.P.)
74.
Karunya Institute of Technology and Sciences (KITS), Coimbatore
75.
Rajiv Gandhi Institute of Petroleum Technology, Amethi/ Bengaluru / Sivasagar
76.
Army Institute of Law (AIL), Mohali
BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
77.
Nalsar University of Law, Hyderabad
78.
Indore Institute of Law, Indore
79.
KS Hedge Medical Academy, Mangalore
B. Pharma
80.
Faculty of Medicine & Health Sciences SGT University, Gurugram
81.
Mahatma Gandhi Medical College & Research Institute, Puducherry
82.
Sri Guru Ram Das Institute of Medical Sciences & Research, Amritsar
83.
Mahatma Gandhi Mission Institute of Health Sciences, Navi Mumbai
84.
M S Ramaiah Medical College, Bengaluru
85.
National Institute of Design (NID), Bhopal/ Amaravati, Kuruskshetra, Jorhat
Bachelor of Design
86.
Pearl Academy, New Delhi
87.
Symbiosis Institute of Design, Pune
88.
Kalasalingam Academy of Research & Education, Krishnankoil/ Sruvilliputhur, Tamilnadu
B.Tech. (CSE/IT)
89.
Koneru Lakshmaiah Education Foundation University, Vaddeswaram / Guntur, Andhra Pradesh
90.
Visvesvaraya Technological University, Belgaum Karnataka
91.
Graphic Era University, Dehradun
92.
Guru Gobind Singh Indraprastha University, Delhi
93.
Manipal University Jaipur, Rajasthan
94.
Pandit Deendayal Energy University, Raysan, Gandhinagar Gujarat
- MBA
- B.Tech. (CSE/IT)
95.
Sri Ramaswami Memorial University (SRM), Amaravati, Andhra Pradesh
96.
ISDI School of Design & Innovation, Mumbai
4-year undergraduate course in areas of Fashion / Design
97.
PES Institute of Technology, Bengaluru
- B.Tech
98.
K J Somaiya College of Engineering,Mumbai
B Tech /BE
99.
National Law University-Bhopal/WBNUJS-Kolkata/HNLU-Raipur/MNLU-Nagpur/RJNLU-Patiala and RMLNU-Lucknow
Integrated programme in Law.
100.
NSUT,Delhi
B Tech (CS & E, CS & E with AI,CS & E with data science, Electronics & Communication Engineering, IT, IT with specialization with network and information security Mathematics and computing.)
Note: Mere admission to the course would suffice for loan , as admission are secured through a competitive merit- based admission test and rigorous selection process.
2
Purpose
To meet tuition fees, cost of books, caution deposit*, hostel charges, mess charges, equipment such as desktop/laptop**, living expenses, insurance premium, expense for overseas student exchange programme, admission acceptance fee etc.
*Student to deposit the money in the loan account immediately on refund from the institute. An undertaking to be obtained from the student in this respect.
**Laptop/desktop cost can be reimbursed to the student if it is purchased for the purpose of study at these institutes.
3
Quantum of Loan
Maximum quantum of loan – Rs.20 Lakh
4
Margin
Loan amount
Upto Rs.7.50 Lakh
NIL
Above Rs. 7.50 Lakh & up to Rs.20 Lakh
5%
Note: However, if 50% or more collateral is available for loans above Rs.7.50 lakh to Rs.20.00 lakh margin need not to be insisted.
5
Reimbursement of fee (for 1st year students)
As per the admission procedures, the student has to pay AAF to the institute within a short period of 15 days to confirm the selection. After this payment, the student approaches us for loan. In such cases, where the student has paid AAF to confirm the admission, he/she can be reimbursed the same once the loan is sanctioned (within the overall limit of Rs.20 Lakhs) on production of original receipt and after adjusting the margin requirement. However, loan should not be disbursed for payment of AAF.
6
Mess charges
7
Living expenses
8
Student exchange programme
9
Interest rate
Male
EBLR + 1.75% (floating)
Female / SC / ST / Minority
EBLR + 1.25% (floating)
10
Processing charges
Nil
11
Repayment period
15 years (180 months).
12
Moratorium period
Course period + 1 year
13
Co-applicant
14
Security
Loan Amount
(in Rs.in Lakh)
Upto 4.00
No security is required.
However, loan has to compulsorily covered under CGFSEL.
>4.00 to 7.50
Suitable third party guarantee acceptable to the bank to be taken.
OR
Loan to be covered under CGFSEL
>7.50 to 20.00
15
Insurance
16
Other Terms & Conditions
17
Loans to students in subsequent years