Cooperative Education Loan Scheme Children of Poor Farmers, Dalits, BC, etc.

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.