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NHFDC Loan Scheme for Differently abled people to pursue Vocational education and training

NHFDC Loan Scheme for Differently abled people to pursue Vocational education and training

scheme March 31, 2016 22 Views

Name of the scheme: NHFDC Loan Scheme for Vocational Education and Training for Persons with Disabilities

Purpose:

The scheme aims to provide financial support to eligible Persons with Disabilities (PwDs) who have the minimum educational qualification, as required by the institution/organization running the vocational education or Training course eligible under the scheme.

Nodal agencies: State Channelizing Agencies (SACs) of National Handicapped Finance and Development Corporation (NHFDC), Regional Rural Banks and other NHFDC affiliated institutions.

Age criteria: An individual must be above 18 years of age.

Quantum of Finance:

Need based finance to meet expenses of up to Rs. 2 lakh

Expenses considered for loan:

  • Tuition / course fee
  • Examination / Library / Laboratory fee
  • Caution deposit
  • Purchase of books, equipments and instruments
  • Any other reasonable expenditure found necessary for completion of the course.
  • Boarding Lodging
  • Necessary aids and appliances required for completion of course, on need basis.

Repayment: Up to 7 years after commencement of the repayment

For more details, contact here

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