Vidya Jothi Scheme

Eligibility :
	Student The applicant should be an Indian National. Should have secured admission to professional/technical courses or other academic courses Courses a) For Studies in India School education including plus 2 stage/ Graduation/ Post graduation/ Diploma/ Computer education in any recognised State/ Central Government/ University. Computer certificate courses of reputed institutes accredited to The Department of Electronics. b) Studies abroad: Job-oriented professional/technical courses offered by reputed universities. MCA, MBA, MS etc. Courses conducted by CIMA – London, CPA in USA etc.
Loan Details
	Coverage of expenses  Fee payable to College / School / Hostel Exam fees Purchase of books / Equipment’s Travel expenses / Passage money for studies abroad Purchase of computers essential for completion of the course etc. Quantum Studies in India - Upto Rs.10 lakhs Studies in Abroad - Upto- Rs. 20 lakhs Higher quantum of loan also can be considered in deserving and meritorious cases. Margin Upto Rs.4 lakhs - Nil Above Rs.4 lakhs - Studies in India 5% - Studies abroad 15% Security Documents should be executed both by the student and parent / guardian as joint borrower. Upto Rs. 4 lacs - No security Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee Above Rs.7.50 lacs - Collateral security of suitable value OR co-obligation of parents / guardians / third party along wtih the assignment of future income of the student for payment of instalments.
Rate of Interest
	Upto Rs.4.00 lakhs   -10.25 % p.a. Above Rs.4.00 lakhs -11.50 % p.a.
Repayment
	Holiday Period- The course period PLUS 1 year or 6 months after getting a job, whichever is earlier. Repayable in 5– 7 years.