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Federal Vidya Loan Scheme
Purpose
The purpose of the loan is to make available financial assistance to the
needy and deserving students of bright academic record so as to enable them
to continue higher studies in India or Abroad either in diploma/graduation or
post-graduation level in Arts, Science, Commerce, Management, Medicine and
Engineering.
Eligibility
Under this scheme the loan can be sanctioned to any student of Indian
nationality who intends to join any of the approved courses in an Educational
Institution recognised by the government or any University in India or
Abroad.
Approved courses
A - Category:
Academic courses such as Diploma, Graduate/Post-Graduate courses in Arts,
Science and Commerce etc.,
B - Category: Professional courses such as Diploma,
Graduate/Post-Graduate courses in Engineering, Medicine, Dental Science,
Agricultural Science, Veterinary Science, Computer Science, Nursing, Pharmacy,
Business administration, Law etc.,
Margin
The margin is NIL for courses in India. For foreign studies a minimum margin
of 10% is to be insisted on.
Amount of Loan
In India
Minimum - 0.5 lacs Maximum - 5 lacs
Overseas
Minimum - 0.5 lacs Maximum - 10 lacs
Interest Rate
Upto Rs.5 lakhs: 13.5%
Above Rs.5 lakhs: 14.5%
Period of Loan
The period of the loan consists of the period required for the completion of
the course and that meant for repayment of the loan. The repayment should
begin within 12 months on the completion of the course or after the student
secures employment whichever is earlier.
Maximum period: 11 Years
Minimum period: 3 Years
For any further query feel free to
contact us.
NEW
FLIGHT SERVICES
108 # Ambikapuri Extension Airport Road
Indore 452005 M.P. INDIA
Tel: +91-731-4044650 +91-731-6450535 +91-731-6452650
Mobile 093295 06427 / 93000
32375
Fax: +91-731- 4044650
Web: http://www.newflight.in,
http://www.flyaviationlink.com
Email : office@newflight.in,
aviationlink@asia.com
On line Assistence:
Yahoo
messenger:aviationlinkasia@yahoo.com
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