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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 2023-24 only.
Sr. No.
Name of University/ College/ Institutes
Courses
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
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 Labour Relations Institute (XLRI) Delhi-NCR campus
30.
Xavier School of Commerce (XSC), XIM Harirajpur, Odisha
31.
Xavier School of Sustainability (XSOS), Kakudia Odisha
Post Graduate Program in Sustainability Management (MBA-SM)
32.
Indian Institute of Forest Management (IIFM), Bhopal
Post Graduate Diploma in Forestry Management (PGDFM)
33.
National Insurance Academy, Pune
MBA/PGDM
34.
Symbiosis Institute of Applied Sciences, Indore
MBA-BFSI, BBA-BFSI, BBA Retail, B.Tech-CSIT, B.Tech- Mechatronics, B.Tech-Automobile
35.
Alagappa Chettiyar College of Engineering & Technology (Anna University), Chennai Tamilnadu
B.Tech.
36.
Army Institute of Technology (AIT), Pune
37.
Amrita Vishwa Vidyapeetham, Coimbatore/ Bengaluru/Amritapuri
38.
Bharti Vidhyapeeth College of Engineering, Pune
39.
Birla Institute of Technology & Sciences (BITs) Ranchi
B.Tech./ BE
40.
BMS College of Engineering, Bengaluru
41.
College of Engineering Guindy (CEG), Chennai
42.
College of Engineering, Pune
43.
Dhirubhai Ambani Institute of Information & Communication Technology, Gandhinagar
44.
Faculty of Engineering & Technology, Jadavpur/ Kolkata
45.
Galgotias College of Engineering & Technology, Greater Noida
46.
Harcourt Butler Technical University, Kanpur
47.
Indian Institute of Information Technology (IIITs)
48.
Indian Institute of Information Technology Design & Manufacturing (IIITDM), Kurnool/ Jabalpur
49.
Indian Institute of Space Science & Technology (IIST), Thiruvananthapuram
B. Tech.
50.
Indian Maritime University – Kochi/ Visakhapatnam/ Kolkata/ Mumbai
51.
Institute of Chemical Technology (ICT), Mumbai
52.
Kalinga Institute of Industrial Technology (KIIT) Bhubaneshwar
B.Tech
53.
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
54.
Madras Institute of Technology (Anna University), Chennai
55.
Maharaja Surajmal Institute of Technology, New Delhi
56.
Manipal Institute of Technology (MIT), Manipal
57.
Marine Engineering & Research Institute, Kolkata
58.
Osmania University College of Engineering, Hyderabad
59.
PSG College of Technology / PSG Institute of Advanced Studies Coimbatore
60.
Thiagarajar College of Engineering, Madurai
61.
Punjab Engineering College, Chandigarh
62.
RV College of Engineering, Bengaluru
63.
Shanmuga Arts Science Technology & Research Academy (SASTRA), Thanjavur// Kumbakonam
B.Tech. / BE
64.
Shiv Nadar College of Engineering, Kalavakkam Chennai
65.
Shri Ramdeobaba College Engineering & Management, Nagpur
66.
Sikkim Manipal Institute of Technology, Majitar
67.
SVKM Dwarkadas J. Sanghvi College of Engineering, Mumbai
68.
SVKMS’s NMIMS Mukesh Patel School of Technology Management & Engineering, Mumbai
69.
University College of Engineering, Burla Odisha
70.
Veermata Jijabai Technological Institutes (VJTI), Mumbai
71.
Vellore Institute of Technology (VIT), Vellore/Chennai/ Amaravati
B.Tech./BE
72.
Institute of Engineering & Management, Kolkata
73.
74.
Jaypee Institute of Information Technology, Noida (U.P.)
75.
Karunya Institute of Technology and Sciences (KITS), Coimbatore
76.
Rajiv Gandhi Institute of Petroleum Technology, Amethi/ Bengaluru / Sivasagar
77.
Army Institute of Law (AIL), Mohali
BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
78.
Nalsar University of Law, Hyderabad
79.
Indore Institute of Law, Indore
80.
KS Hedge Medical Academy, Mangalore
B. Pharma
81.
Faculty of Medicine & Health Sciences SGT University, Gurugram
82.
Mahatma Gandhi Medical College & Research Institute, Puducherry
83.
Sri Guru Ram Das Institute of Medical Sciences & Research, Amritsar
84.
Mahatma Gandhi Mission Institute of Health Sciences, Navi Mumbai
85.
M S Ramaiah Medical College, Bengaluru
86.
National Institute of Design (NID), Bhopal/ Amaravati, Kuruskshetra, Jorhat
Bachelor of Design
87.
National Institute of Fashion Technology (NIFTs)
4- years undergraduate course / 2- years post graduate diploma course in areas of Design, Management & Technology
88.
Pearl Academy, New Delhi
89.
Symbiosis Institute of Design, Pune
90.
Kalasalingam Academy of Research & Education, Krishnankoil/ Sruvilliputhur, Tamilnadu
B.Tech. (CSE/IT)
91.
Koneru Lakshmaiah Education Foundation University, Vaddeswaram / Guntur, Andhra Pradesh
92.
Visvesvaraya Technological University, Belgaum Karnataka
93.
Graphic Era University, Dehradun
94.
Guru Gobind Singh Indraprastha University, Delhi
95.
Manipal University Jaipur, Rajasthan
96.
Pandit Deendayal Energy University, Raysan, Gandhinagar Gujarat
- MBA
- B.Tech. (CSE/IT)
97.
Sri Ramaswami Memorial University (SRM), Amaravati, Andhra Pradesh
98.
ISDI School of Design & Innovation, Mumbai
4-year undergraduate course in areas of Fashion / Design
99.
PES Institute of Technology, Bengaluru
- B.Tech
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)
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.
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