Special Scheme for students of Premier Management & Technical Institutes for Academic Year 2023-2024

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Details of Special Education Loan Scheme for students of Premier Management & Technical Institutes: (Tier-I)

	Feature	Details
1	Eligibility	Students who secure admission in full time courses in the following institutes for the academic year 2023-24 only.
	Category “A”	Sr.	Institute	Course
		1.	Indian Institute of Management, Ahmedabad (IIM A)	Post Graduate Programme in Management (PGP) Post Graduate Programme in Food & Agribusiness Management (PGP-FABM) Post Graduate Programme in Management for Executives (PGPX) e-Post Graduate Diploma in Advanced Business Analytics (ePGD- ABA)
		2.	Indian Institute of Management, Bangalore (IIM B)	Masters in Business Administration Post Graduate Program in Business Analytics Executive Post Graduate Program in Management (EPGP)
		3.	Indian Institute of Management, Calcutta (IIM C)	Masters in Business Administration Post Graduate Diploma in Computer Aided Management (PGDCM) Post Graduate Diploma in Business Analytics (PGDBA) Master of Business Administration for Executives (MBAEx)
		4.	Indian Institute of Management, Indore (IIM I)	Post Graduate Programme in Management (PGP) Post Graduate Programme in Management for Working Executives (PGPMX)
		5.	Indian Institute of Management, Kozhikode (IIM K)	Post Graduate Programme in Management (PGP) Post Graduate Programme in Liberal Studies & Management (PGP-LSM) Post Graduate Programme in Finance Management (PGP-FIN)) MBA Programme for working executives
		6.	Indian Institute of Management, Lucknow (IIM L)	Post Graduate Programme in Management (PGP) Post Graduate Programme in Agriculture Business Management (PGP-ABM) Post Graduate Programme in Sustainable Management (PGP-SM) Post Graduate Program in Management for working executives (PGPWE) International Programme in Management for Executives (IPMX)
		7.	Indian Institute of Management, Raipur (IIM Rp)	Post-Graduate Programme in Management (PGP) Executive Post Graduate Programme in Management (ePGP)
		8.	Indian Institute of Management, Ranchi (IIM Ra)	Masters in Business Administration Masters in Business Administration (MBA-HR) Post Graduate Programme in Business Analytics (MBA- Business Analytics)
		9.	Indian Institute of Management, Rohtak (IIM Ro)	Post Graduate Programme in Management (PGP)
		10.	Indian Institute of Management, Shillong (IIM S)	Post Graduate Programme in Management (PGP) Post Graduate Programme for Executives (PGPEx)
		11.	Indian Institute of Management, Trichy (IIM T)	Post Graduate Programme in Management (PGP) Post Graduate Programme in Human Resource Management (PGPHRM)
		12.	Indian Institute of Management, Kashipur (IIM Kashipur)	Masters in Business Administration
		13.	Indian Institute of Management, Udaipur (IIM U)	Masters in Business Administration
		14.	Indian Institute of Management, Bodhgaya (IIM BG)	Masters in Business Administration
		15.	Indian Institute of Management, Nagpur (IIM N)	Post Graduate Programme in Management (PGP)
		16.	Indian Institute of Management, Visakhapatnam (IIM V)	Post Graduate Programme in Management (PGP)
		17.	Indian Institute of Management, Amritsar (IIM Amritsar)	Masters in Business Administration
		18.	Indian Institute of Management, Sambalpur (IIM Sambalpur)	Post Graduate Programme in Management (PGP)
		19.	Indian Institute of Management, Srimaur (IIM Srimaur)	Masters in Business Administration MBA (Tourism & hospitality Management)
		20.	Indian Institute of Management, Jammu (IIM Jammu)	Masters in Business Administration Executive Master of Business Administration (EMBA) Program for Working Executives
		21. (A)	Indian Institute of Technology (IIT)Madras, Delhi, Mumbai, Kanpur, Kharagpur, Roorkee, Guwahati, Varanasi (BHU)	Bachelor of Technology (All Streams) Dual Degree Programmes with B.Tech (All Streams)
		21 (B)	Indian Institute of Technology (IIT) Hyderabad, Dhanbad (ISM), Indore, Ropar, Mandi, Patna, Jodhpur, Gandhinagar, Goa, Bhubneswar, Palakkad, Jammu, Bhilai, Dharwad, Tirupathi	Bachelor of Technology & Dual Degree Programmes with B Tech. in CIVIL, Mechanical, Electrical, Information Technology, Computer Science, Electronics & Communications streams
		21 (C)	Indian Institute of Technology, Dhanbad (ISM Dhanbad)	Bachelor of Technology & Dual Degree Programmes with B Tech. in Mining, Mining Machinery Engineering & Petroleum Engineering
		22.	Xavier Labour Relation Institute (XLRI), Jamshedpur	Postgraduate Diploma in Human Resource Management (PGDHRM) Post Graduate Diploma in Business Management (PGDBM) Post Graduate Diploma in Management (General Management)
		23.	S. P. Jain Institute of Management & Research (SPJIMR), Mumbai	Post Graduate Diploma in Management (PGDM) Post Graduate Programme in Management (PGPM)
		24.	Faculty of Management Studies - University of Delhi (FMS), New Delhi	MBA (Full Time)
		25.	Management Development Institute (MDI), Gurgaon	Executive Management Programee (PGDM/ PGDM-HRM /PGDM-IB)
		26.	Narsee Monjee Institute of Management Studies (NMIMS), Mumbai & All other campuses	MBA MBA (Tech.) Integrated Program (B.Tech + MBA)
		27.	International Institute of Information Technology, Hyderabad	B. Tech
		28.	Institute of Rural Management Anand (IRMA)	Programme in Rural Management
		29.	Institute of Management & Technology (IMT), Ghaziabad	Post Graduate Diploma in Management (PGDM)
		30.	Birla Institute of Technology & Sciences (BITs) at Pilani, Goa, Dubai & Hyderabad	B Tech. (CSE, EEE, E&I, Mechanical)
	Category “B”	1.	Indian Institute of Technology (IITs)	Other than the courses mentioned under category ‘A’ M. Tech.
		2.	Birla Institute of Technology & Sciences (BITs) at Pilani, Goa, Dubai & Hyderabad	B Tech. Dual Degree Programmes with B.Tech.
		3.	National Institute of Technology (NITs)	B. Tech/ BE/ M. Tech Dual Degree Programmes with B.Tech
		4.	Indian Institute of Science (IISc), Bangalore	Master of Technology (M.Tech) Master of Engineering (ME) Master of Design (M.Des)
		5.	Indian Institute of Foreign Trade (IIFT), New Delhi & Kolkata	MBA IB
		6.	National Institute of Design (NID), Ahmedabad / Bengaluru / Gandhinagar	Bachelor of Design (B.Des) Master of Design (M.Des)
		7.	Indian Institute Information Technology (IIIT) Allahabad	B.Tech & Dual degree programmes with B.Tech
		8.	International Institute of Information Technology, Bhubaneshwar/ Bengaluru	B Tech. (CSE, EEE, ECE, IT)
		9.	Institute of Management & Technology (IMT), Hyderabad/Nagpur	MBA
		10.	Department of Management Studies - IIT Delhi, New Delhi	MBA (Full Time)
		11.	National Institute of Industrial Engineering (NITIE), Mumbai	PGDIE, PGDIM PGDISEM, PGDITM
		12.	Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai	MMS
		13.	Shailesh J Mehta School of Management - IIT Bombay, Mumbai	Master of Management
		14.	Vinod Gupta School of Management - IIT Kharagpur, Kharagpur	MBA
		15.	Industrial and Management Engineering - IIT Kanpur	MBA
		16.	Department of Management Studies - IIT Madras, Chennai	MBA (full time)
		17.	Tata Institutes of Social Science (TISS) Mumbai	M A in HR Management & Labour Relation
		18.	Welingkar Institutes of Management Development & Research Mumbai	PGDM/MMS
		19.	Xavier's Institute of Management Bhubaneshwar (XIMB)	MBA – BM (Business Management)
		20.	Xavier School of Human Resource Management Bhubaneshwar (XSHRM)	MBA - HR
		21.	Mudra Institute of Communication Ahmedabad (MICA)	PGDM - C
		22.	Symbiosis Center for Management & Human Resources Development (SCMHRD), Pune	MBA
		23.	TA Pai Management Institute (TAPMI) Manipal	PGDM
		24.	Great Lakes Institute of Management Chennai and Gurgaon	PGDM/PGPM only
		25.	International Management Institute (IMI), Delhi	PGDM/PGDM-BFS/PGDM-HR
		26.	S P Jain School of Global Management, Mumbai (Note: to be considered for students taking admission at Mumbai campus even going overseas campus for course study)	MGB (Master in Global Business) & GMBA (Global MBA)
		27.	Goa Institute of Management	MBA
		28.	Fore School of Management (FSM), New Delhi	PGDM
		29.	BITS School of Management (BITSOM), Mumbai	MBA
		30.	Institute of Management – NIRMA University, Ahmedabad	MBA
		31.	Management Development Institute (MDI), Murshidabad	MBA
		32.	Symbiosis Institute of Business Management (SIBM), Pune / Indore	MBA
		33.	Xavier School of Rural Management (XSRM), Bhubaneshwar	MBA- RM (Rural Management)
		34.	CEPT (Center for Environmental Planning & Technology) University, Ahmedabad	MBA
		35.	Delhi Technological University, Delhi	B Tech (CSE/IT/ECE)
		36.	Indira Gandhi Delhi Technical University for Women, New Delhi	B Tech CSE
		37.	Indian Institute of Engineering, Science & Technology, Shibpur – Howrah	B Tech/B. Arch
		38.	Birla Institute of Technology & Sciences (BITs) Ranchi	BE/B.Tech. (CSE, ECE, EEE)
		39.	BMS College of Engineering, Bengaluru	BE/ B.Tech(CSE, ECE, EEE, IT)
		40.	Harcourt Butler Technical University, Kanpur	B.Tech. (CSE, ECE, EEE, IT)
		41.	Manipal Institute of Technology (MIT), Manipal	B.Tech. (CSE, ECE, EEE, IT)
		42.	PSG College of Technology / PSG Institute of Advanced Studies Coimbatore	B.Tech. (CSE, ECE, EEE, IT)
		43.	RV College of Engineering, Bengaluru	B.Tech. (CSE, ECE, EEE, IT)
		44.	Vellore Institute of Technology (VIT), Vellore/Chennai/ Amaravati	B Tech. (CSE, EEE, ECE, IT)
		45.	Punjab Engineering College, Chandigarh	B.Tech. (CSE, EEE, ECE, IT)
		46.	Thapar University, Patiala	B.E./B.Tech Courses for study in India. International Engineering Program in Collaboration with Trinity College, Dublin, Ireland. International Engineering Program in exchange program with ü University of New South Wales, Australia ü University of Queensland, Australia ü University of Toledo, Ohio United States ü University of Leeds, UK
		47.	Birla Institute of Technology & Science -Pilani	B. Pharma
		48.	Institute of Chemical Technology, Mumbai	B. Pharma
		49.	Jamia Hamdard, New Delhi	B. Pharma
		50.	Symbiosis Law School, Pune	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		51.	National Law University, Delhi	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		52.	National Law University, Bengaluru	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		53.	National Law University, Hyderabad	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		54.	National Law University, Jodhpur	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		55.	Gujrat National Law University, Gandhinagar	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		56.	Government Law College, Mumbai	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		57.	Indian Institute of Corporate Affairs (IICA), Manesar	BA LLB, BSWLLB, BSCLLB, BCOM LLB, BBALLB, LLM
		58.	Indra Gandhi Rashtriya URAN Akademi	Commercial Pilot License (CPL) coupled with instrument and Multi engine endorsement along with an option for BSc (Aviation degree)
2	Purpose	To meet tuition fees, cost of books, caution deposit*, hostel charges, mess charges, equipments such as desktop/laptop, living expenses, insurance premium, expense for 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.
3	Quantum of Loan	Rs.40 Lakh. (inclusive of Rs. 1.50 lakh for purchase of new two-wheeler)
4	Margin	Nil.
5	Interest rate	EBLR-0.70% (floating) for Category ‘A’ Institutes. EBLR (floating) for category “B” Institutes EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. If the loan is taken over by another bank / FI, then normal rate of interest as applicable under Union Education Scheme on the date of sanction, to be charged ab-initio. However, no take over charge to be levied.
6	Processing charges	Nil
7	Repayment period	180 months (15 years)
8	Moratorium period	Course period + 1 year
9	Co-applicant/ Guarantor	Either of the parents or spouse to be made co-applicant / guarantor.
10	Security	No collateral security or third-party guarantee.
11	Insurance	Term life insurance policy to be obtained & assigned in favour of the bank. The policy should be in the name of student, for an amount not less than the loan amount and for the tenure covering course, moratorium and repayment period.
12	Other Terms & Conditions	NRI students are not covered under the scheme. All other terms & conditions are as per Union Education Scheme for studies in India.
13	Loans to students in subsequent years	The loan can also be granted to the students, who seek a loan in the subsequent years / terms and who have not availed educational loan from other bank / FI for the initial years. The earlier year fees and desktop/laptop expenses would not be reimbursed. The loan will include tuition fees, cost of books, hostel charges, mess charges, living expenses, insurance premium etc. for the subsequent years. If the student is selected for the Student Exchange programme abroad, then the expenses for the same may be included in the loan. All other terms & conditions will be as per the Union Education scheme for inland studies.

Details of Post Graduate Programme in Management for Executives (PGPX) of IIM - Ahmedabad:

	Feature	Details
1	Institute & Course	Institute	Course
		Indian Institute of Management, Ahmedabad (IIM A)	Post Graduate Programme in Management for Executives (PGPX)
2	Eligible Individuals	A Bachelor degree in any discipline Minimum completed age of 25 years A valid GMAT / GRE score Minimum 4 years of full-time work experience after completion of graduation.
3	Margin	Nil.
4	Quantum of Loan	Maximum up to Rs.35.00 Lakh
5	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. The External Benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI. The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date. The premium component will remain fixed till maturity of the loan.
6	Repayment period	Maximum repayment period is 15 years (after completion of the course) or up to 60 years of age of the borrower, whichever is earlier.
7	Moratorium period	Moratorium up to course period only. Repayment to start from the next month of completion of course.
9	Other Terms and Conditions	Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

Details of MBA Programme for working executives of IIM Kozhikode

	Feature	Details
1	Institute & Course	Institute	Course
		Indian Institute of Management, Kozhikode (IIM K)	MBA Programme for working executives.
2	Eligible Individuals	Working executives
3	Margin	10% (total cost of the course at present is Rs.10.00 Lakh)
4	Quantum of Loan	Maximum up to Rs. 9.00 Lakh
5	Interest rate	EBLR + 0.75% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
6	Repayment period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
7	Moratorium period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
9	Other Terms and Conditions	Only working executives are covered under the Scheme. Letter of consent / NOC from Employers to be obtained to pursue the programme. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings. All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

Details of e-Post Graduate Diploma in Advance Business Analytics (ePGD-ABA) of IIM-Ahmedabad:

	Feature	Details
1	Institute & Course	Institute	Course
		Indian Institute of Management, Ahmedabad (IIM A)	e-Post Graduate Diploma in Advanced Business Analytics (ePGD-ABA) [Name changed from Post Graduate Programme in Advanced Business Analytics (PGP-ABA)]
2	Eligible Individuals	Students must have undergraduate degree A valid test score (GMAT / GRE / CAT / GATE or the PGP – ABA qualifying-cum-aptitude test Minimum of 2 years of work experience (preferably in the domain of Business Analytics)
3	Margin	10% i.e. Rs.1.25 lakh (total cost of the course is Rs.12.50 lakh i.e. Course fee Rs.10.00 lakh & Laptop/books/other – Rs.2.50 lakh)
4	Quantum of Loan	Maximum up to Rs. 11.25 Lakh
5	Interest rate	EBLR + 0.25%(floating) –Continuation of earlier approval EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
6	Other Terms and Conditions	Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

Details of Executive Post Graduate Programme in Management (ePGP) of IIM Raipur:

Sr. No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Raipur	Executive Post Graduate Programme in Management (ePGP)
2.	Eligible Individuals	Working Executives
3.	Margin	10% (Total cost of the course is 12.20 lakh i.e. Total Programme Fee Rs. 9.7 lakh & Laptop/Video Conferencing Peripherals/study material other than online Library- Rs 2.50 lakh)
4.	Quantum of Loan	Maximum up to Rs.11.00 Lakh
6.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
7.	Interest rate	EBLR + 0.75% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
8.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
9.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the programme. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Details of MBA Programme for working executives of IIM Jammu:

S.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Jammu (IIM JAM)	MBA Programme for working executives
2.	Eligible Individuals	Working Executives
3.	Margin	10% (total cost of the course at present is Rs.8.85 Lakh)
4.	Quantum of Loan	Maximum up to Rs.8.00 Lakhs
6.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
7.	Interest rate	EBLR + 0.75% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
8.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
9.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the programme. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Detail of Post Graduate Programme in Management for Working Executives (PGPMX) of IIM, Indore:-

Sr. No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Indore	Post Graduate Programme in Management for Working Executives(PGPMX)
2.	Eligible Individuals	1. Bachelor’s degree or its equivalent. 2. The percentage of marks obtained at the bachelor’s degree or the preceding degree should be minimum 50 or equivalent CGPA. 3. Completed at least 5 years of full time managerial/professional experience after bachelor’s degree
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.17.60 Lakh
6.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
7.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
8.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
9.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the programme. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Details of Post Graduate Programme in Management for Working Executive (PGP-WE) of IIM- Lucknow (Noida Campus):

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Lucknow (Noida Campus)	Post Graduate Programme in Management for Working Executive (PGPWE)
2.	Eligible Individuals	Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average). A valid GMAT/ GRE score Minimum 3 years of full-time work experience after completion of graduation
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.11.00 Lakhs
5.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
6.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
7.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
8.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the program. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Details of Executive Post Graduate Programme in Management (EPGP) of IIM- Bangalore:

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Bangalore	Executive Post Graduate Programme in Management (EPGP)
2.	Eligible Individuals	Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average). A valid GMAT/ GRE score Minimum 5 years of full-time work experience after completion of graduation
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.29.00 Lakhs
6.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
7.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
8.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
9.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the program. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Details of Master of Business Administration for Executives (MBAEx) of IIM- Calcutta:

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Bangalore	Master of Business Administration for Executives (MBAEx)
2.	Eligible Individuals	Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3) A valid GMAT/ GRE score Minimum 5 years of full-time work experience after completion of graduation
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.31.00 Lakhs
5.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
6.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable.
7.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
8.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the program. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings.

Details of PGPM Programme for working executives of SPJIMR:

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	S. P Jain Institute of Management & Research (SPJIMR), Mumbai	Post Graduate Programme in Management (PGPM)
2.	Eligible Individuals	- Working Executives
3.	Margin	10% (Total cost of the course at present is Rs.19.90 Lakh excluding living expenses, books, laptop etc.)
4.	Quantum of Loan	Maximum up to Rs.20.00Lakh
5.	Moratorium Period	Moratorium up to course period (15 months) only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
6.	Interest rate	EBLR + 0.75% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. The external benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI. The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date. The premium component will remain fixed till maturity of the loan.
7.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
8.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the programme. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings. All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

Details of Post Graduate Programme for Executives (PGPEx) of IIM- Shillong:

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Shillong	Post Graduate Programme for Executives (PGPEx)
2.	Eligible Individuals	- Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3) - A valid GMAT/ CAT score - Minimum 5 years of full-time work experience after completion of graduation
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.20.00 Lakhs
5.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
6.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. The external benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI. The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date. The premium component will remain fixed till maturity of the loan.
7.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
8.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the program. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings. All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

Details of International Programme in Management for Executive (IPMX) of IIM- Lucknow (Noida Campus):

Sr.No.	Feature	Details
		Institute	Course
1.	Institute & Course	Indian Institute of Management, Lucknow (Noida Campus)	International Programme in Management for Executives (IPMX) One Year MBA
2.	Eligible Individuals	- Executives with Graduation/ Bachelor’s degree in any discipline or an equivalent academic pursuit (i.e.10+2+3), with a minimum of 50% marks or equivalent CGPA (Cumulative Grade Point Average). - A valid GMAT/ GRE score - Minimum of 5 years full-time post qualification (after graduation) work experience
3.	Margin	Nil
4.	Quantum of Loan	Maximum up to Rs.26.00 Lakhs
5.	Moratorium Period	Moratorium up to course period only. Repayment to start from the next month of completion of course. Interest to be serviced during moratorium as the students will be working professionals and earning income.
6.	Interest rate	EBLR + 0.10% (floating) EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. The external benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI. The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date. The premium component will remain fixed till maturity of the loan.
7.	Repayment Period	Maximum repayment tenure (after course completion) will be 15 years (180 months) or up to 60 years of age of borrower, whichever is earlier.
8.	Other Terms & Conditions	Only working executives are covered under the scheme. Letter of consent/NOC from Employers to be obtained to pursue the program. Life insurance cover equivalent to the loan amount is mandatory, preferably to be done with our channel partners under tie-up arrangement with our Bank. IT return/salary certificate/employment certificate to be obtained to assess the present earnings. NRI students are not covered under the scheme All other terms and conditions as per Special Education Loan Scheme for Premier Management & Technical Institutes to be complied with.

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