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

Eligibility

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.

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

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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