| Eligibility : Student
- Should be an Indian National
- Should have secured admission to professional/ technical courses
through entrance test/ selection process.
- Should have secured admission to foreign universities/ institutions
- Should have passed the qualifying examination for admission to
the courses.
- Employed person intending to improve their educational qualification
and/ or receive training in modern technology in India or abroad can
also be assisted under this scheme provided training offers prospects
of better placement.
Courses
In India:
- Graduate / Courses in :BA, B.Com., B.Sc., etc. Medicine, Surgery,
Engineering, Hotel Management, Design, Architecture, Bio-chemistry,
Agriculture, Veterinary etc.
- P.G Courses in : Business Management, Chartered or Cost Accounting
, Company Secretaryship, Masters & PhD.
- Professional Courses: Engineering, Medical, Agriculture, Veterinary,
Law, Dental, Management, Computer etc.
- Computer Certificate Courses: of reputed institutes accredited to
Dept. of Electronics or institutes affiliated to university.
- Courses like ICWA, CA, CFA etc.
- Courses Conducted by IIM, IIT, IISc, XLRI. NIFT etc.
- Regular Degree/Diploma courses like Aeronautical, pilot training,
shipping etc., approved by Director General of Civil Aviation/Shipping,
if the course is pursued in India. In case the course is pursued abroad,
the Institute should be recognized by the competent local aviation/shipping
authority.
- Courses offered in India by reputed foreign universities.
- Evening courses of approved institutes.
- Other courses leading to diploma/ degree etc. conducted by colleges/
universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
- Courses offered by National Institutes and other reputed private institutions..
- Courses under Distance Education/ learning leading to professional/
technical certificates/ degree/ diploma courses etc offered/ conducted
by reputed colleges/ universities/ institutions recognized/ approved
by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
- Teacher Training Courses/ Nursing Courses/ B.Ed. conducted by institutions
that are approved by Central Government/ State Government provided the
said courses lead to degree or diploma and not to certification course.
Abroad:
- Graduation: For job oriented professional/ technical courses offered
by reputed universities.
- P.G Courses: MCA, MBA, MS, etc.
- Courses conducted by CIMA- London, CPA in USA etc.
Loan Details
Quantum
- For studies in India - Rs.10.00 Lacs
- For studies Abroad - Rs.20.00 Lacs
Margin
- For loans upto Rs. 4 lacs - nil
- For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%
Security
- Personal guarantee of borrower/ 's
- Collateral security equal to amount of loan.
Rate of Interest
- Upto Rs.25,000 - 9.50% p.a
- Above Rs.25,000 to Rs.5.00 Lacs - 10.50% p.a
- Above Rs.5.00 Lacs to Rs. 10.00 Lacs- 11.50% p.a
- Above Rs. 10.00 Lacs to Rs. 20.00 Lacs- 12.50% p.a
Repayment Repayment Holiday/ Moratorium: Course period
+ 1 year or 6 months after getting job, whichever is earlier
The loan to be repaid in 5 to 7 years after commencement of repayment.
If the student is not able to complete the course within the scheduled
time, extension of time for completion of course may be permitted for
a maximum of two years.
Contact Details
Registered Office
Jammu & Kashmir Bank Ltd.
M A Road, Srinagar 190 001
EPABX Numbers: (+91- 0194) 2481930 -2481935
Website : visit
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