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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 2022-23 only.
Sr. No.
Name of University/ College/ Institutes
Courses
Management
1.
Alliance School of Business, Bengaluru
MBA
2.
Amity Business School, Noida (U.P.)
3.
Army Institute of Management (AIM), Kolkata
4.
Bharathisadan Institute of Management (BIM), Tiruchirappalli
5.
Birla Institute of Management Technology (BIMTECH), Greater Noida
6.
BITS School of Management (BITSOM), Mumbai
7.
Fore School of Management (FSM), New Delhi
PGDM
8.
Goa Institute of Management (GIM), Goa
9.
ICFAI Business School (IBS), Hyderabad
10.
IFIM Business School, Bengaluru
11.
IFMR Graduate School of Business, Chennai/Sri City
12.
Institute of Management – NIRMA University, Ahmedabad
13.
Institute of Management & Technology (IMT), Hyderabad/Nagpur
14.
Institute of Management Christ University, Bengaluru
15.
International Management Institute (IMI), Bhubaneshwar / Kolkata
16.
Jaipuria Institute of Management, Noida (U.P.)
17.
Jamia Millia Islamia, New Delhi
18.
Kirloskar Institute of Advanced Management Studies (KIAMS), Bengaluru / Pune
19.
KJ Somaiya Institute of Management Studies and Research (KJSIMR), Mumbai
MMS, PGDM
20.
L.N. Welingkar Institute of Management Development and Research, Bengaluru
21.
Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi
22.
Loyola Institute of Business Administration (LIBA), Chennai
23.
Management Development Institute (MDI), Murshidabad
24.
National Institute of Bank Management (NIBM), Pune
MBA, PGDM
25.
National Institute of Construction Management & Research (NICMAR), Pune/ Hyderabad/ Delhi-NCR/ Mumbai/ Goa
26.
Shri Dharmasthala Manjunatheswara Institute for Management Development (SDMIMD), Mysore
27.
Soil School of Business Design, Manesar (New Delhi)
28.
Sri Ramaswami Memorial University (SRM), Chennai/ Ghaziabad
29.
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai
MMS, PGDBM
30.
Symbiosis Institute of Business Management (SIBM), Pune / Indore
31.
Symbiosis Institute of International Business (SIIB), Pune
32.
Symbiosis School of Banking & Finance, Pune / Indore
33.
Xavier Center for Urban Management & Governance (XUMG), Bhubaneswar
34.
Xavier Emlyon Business School (XEBS), Bhubaneshwar
35.
Xavier Institute of Social Services (XISS), Ranchi
36.
Xavier Labour Relations Institute (XLRI) Delhi-NCR campus
37.
Xavier School of Commerce (XSC), XIM Harirajpur, Odisha
38.
Xavier School of Rural Management (XSRM), Bhubaneshwar
MBA- RM (Rural Management)
39.
Xavier School of Sustainability (XSOS), Kakudia Odisha
Post Graduate Program in Sustainability Management (MBA-SM)
40.
CEPT (Center for Environmental Planning & Technology) University, Ahmedabad
41.
Indian Institute of Forest Management (IIFM), Bhopal
Post Graduate Diploma in Forestry Management (PGDFM)
42.
National Insurance Academy, Pune
MBA/PGDM
43.
Symbiosis Institute of Applied Sciences, Indore
MBA-BFSI, BBA-BFSI, BBA Retail, B.Tech-CSIT, B.Tech- Mechatronics, B.Tech-Automobile
Engineering
44.
Alagappa Chettiyar College of Engineering & Technology (Anna University), Chennai Tamilnadu
B.Tech.
45.
Army Institute of Technology (AIT), Pune
46.
Amrita Vishwa Vidyapeetham, Coimbatore/ Bengaluru/Amritapuri
47.
Bharti Vidhyapeeth College of Engineering, Pune
48.
Birla Institute of Technology & Sciences (BITs) Ranchi
B.Tech./ BE
49.
BMS College of Engineering, Bengaluru
50.
College of Engineering Guindy (CEG), Chennai
51.
College of Engineering, Pune
52.
Dhirubhai Ambani Institute of Information & Communication Technology, Gandhinagar
53.
Faculty of Engineering & Technology, Jadavpur/ Kolkata
54.
Galgotias College of Engineering & Technology, Greater Noida
55.
Harcourt Butler Technical University, Kanpur
56.
Indian Institute of Information Technology (IIITs)
57.
Indian Institute of Information Technology Design & Manufacturing (IIITDM), Kurnool/ Jabalpur
58.
Indian Institute of Space Science & Technology (IIST), Thiruvananthapuram
B. Tech.
59.
Indian Maritime University – Kochi/ Visakhapatnam/ Kolkata/ Mumbai
60.
Institute of Chemical Technology (ICT), Mumbai
61.
Kalinga Institute of Industrial Technology (KIIT) Bhubaneshwar
B.Tech
62.
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
63.
Madras Institute of Technology (Anna University), Chennai
64.
Maharaja Surajmal Institute of Technology, New Delhi
65.
Manipal Institute of Technology (MIT), Manipal
66.
Marine Engineering & Research Institute, Kolkata
67.
Osmania University College of Engineering, Hyderabad
68.
PSG College of Technology / PSG Institute of Advanced Studies Coimbatore
69.
Thiagarajar College of Engineering, Madurai
70.
Punjab Engineering College, Chandigarh
71.
RV College of Engineering, Bengaluru
72.
Shanmuga Arts Science Technology & Research Academy (SASTRA), Thanjavur// Kumbakonam
B.Tech. / BE
73.
Shiv Nadar College of Engineering, Kalavakkam Chennai
74.
Shri Ramdeobaba College Engineering & Management, Nagpur
75.
Sikkim Manipal Institute of Technology, Majitar
76.
SVKM Dwarkadas J. Sanghvi College of Engineering, Mumbai
77.
SVKMS’s NMIMS Mukesh Patel School of Technology Management & Engineering, Mumbai
78.
University College of Engineering, Burla Odisha
79.
Veermata Jijabai Technological Institutes (VJTI), Mumbai
80.
Vellore Institute of Technology (VIT), Vellore/Chennai/ Amaravati
B.Tech./BE
81.
Institute of Engineering & Management, Kolkata
82.
83.
Jaypee Institute of Information Technology, Noida (U.P.)
84.
Karunya Institute of Technology and Sciences (KITS), Coimbatore
85.
Rajiv Gandhi Institute of Petroleum Technology, Amethi/ Bengaluru / Sivasagar
86.
Kalasalingam Academy of Research & Education, Krishnankoil/ Sruvilliputhur, Tamilnadu
B.Tech. (CSE/IT)
87.
Koneru Lakshmaiah Education Foundation University, Vaddeswaram / Guntur, Andhra Pradesh
88.
Visvesvaraya Technological University, Belgaum Karnataka
89.
Graphic Era University, Dehradun
90.
Guru Gobind Singh Indraprastha University, Delhi
91.
Manipal University Jaipur, Rajasthan
92.
Pandit Deendayal Energy University, Raysan, Gandhinagar Gujarat
93.
Sri Ramaswami Memorial University (SRM), Amaravati, Andhra Pradesh
LAW
94.
Army Institute of Law (AIL), Mohali
BA LLB, LLM
95.
Indian Institute of Corporate Affairs (IICA), Manesar
96.
Nalsar University of Law, Hyderabad
97.
Indore Institute of Law, Indore
Pharmacy
98.
KS Hedge Medical Academy, Mangalore
B. Pharma
99.
Faculty of Medicine & Health Sciences SGT University, Gurugram
100.
Mahatma Gandhi Medical College & Research Institute, Puducherry
101.
Sri Guru Ram Das Institute of Medical Sciences & Research, Amritsar
102.
Mahatma Gandhi Mission Institute of Health Sciences, Navi Mumbai
103.
M S Ramaiah Medical College, Bengaluru
Fashion & Technology
104.
National Institute of Design (NID), Bhopal/ Amaravati, Kuruskshetra, Jorhat
Bachelor of Design
105.
National Institute of Fashion Technology (NIFTs)
4- years undergraduate course / 2- years post graduate diploma course in areas of Design, Management & Technology
106.
Pearl Academy, New Delhi
107.
Symbiosis Institute of Design, Pune
108.
ISDI School of Design & Innovation, Mumbai
4-year undergraduate course in areas of Fashion / Design
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%
5
Reimbursement of fee (for 1st year students)
i. Admission acceptance fee (AAF)
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 Lakh) on production of original receipt and after adjusting the margin requirement. However, loan should not be disbursed for payment of AAF.
ii. Term fee
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)
NOTE: -
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