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 Programs for Engineering Students Who Are SC, ST, or OBC

Introduction

How to Get Education Loan For Engineering. It is One effective strategy for social advancement is having access to high-quality education. The government and several financial institutions provide special education loan programs for SC/ST/OBC students pursuing professional courses like engineering in order to guarantee equitable access for individuals from underrepresented communities. These programs offer advantages like reduced borrowing rates, rebates, and loosened qualifying requirements in addition to covering tuition costs. The most helpful of the major college loan programs accessible to SC/ST/OBC engineering candidates in 2025 is highlighted in this top student's guide.

Top Student Loan Programs for SC, ST, and 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. In order to lessen the financial burden of pursuing higher education, SC/ST/OBC engineering students in India have access to a number of tailored education loan programs. These government-backed and development finance company-backed loans provide long payback terms, low interest rates, and financial aid to promote academic success. Eligible students can take a confident step toward a successful engineering career by investigating institutional, state, and central schemes and applying as soon as possible with the right paperwork.

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