Objectives of the scheme

The Educational Loan Scheme outlined below aims at providing financial support from the banking system to deserving/meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions. No deserving student is denied an opportunity to pursue higher education for want of financial support.

In short, the scheme aims at providing financial assistance on reasonable terms:

• to the poor and needy to undertake basic education.
• to the meritorious students to pursue higher/professional/technical education