| Beneficiary |
Children of poor farmers, Dalits, BC, and other poor sections. |
| Purpose |
To provide financial assistance to deserving and meritorious students for Pursuing higher studies in India or abroad. |
| Loan Limit |
Maximum amount up-to Rs. 10.00 Lac. |
| Rate of Intt |
7.25% |
| Margin |
No Margin required. |
| Repayment Period |
The recovery of principal amount will start after one year of loan duration of course or after 6 months of getting the job by the applicant which ever is earlier. |
| Collateral Security |
Mortgage of landed property value of 100% of the loan amount. |
| Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |