Model Education Loan Scheme for pursuing higher education in India & Abroad- PSB Education Loan


Studies in India: (Indicative list)

1. Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
2. Courses like ICWA, CA, CFA etc.
3. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
4. Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, nursing or any other discipline, approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
5. Approved courses offered in India by reputed foreign universities.


Studies abroad

1. Graduation : For job oriented professional/ technical courses offered by reputed universities
2. Post graduation: MCA, MBA, MS, etc.
3. Courses conducted by CIMA- London, CPA in USA etc.
4. Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.

Quantum of Finance

Studies in India : Maximum upto Rs. 10 lakhs.
Studies Abroad : Maximum upto Rs. 20 lakhs.

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