Cent Vidyarthi Scheme
Why For Purpose /Objective:
Cent Vidyarthi Scheme Aims at bringing Education within the reach of students and help them improve their prospects in life.
Eligibility Criteria
- Fee payable to college/ school/ hostel.
- Examination / Library/ Laboratory fee.
- Purchase of books/ equipments / instruments/ uniforms.
- Caution deposit, Building fund /refundable deposit supported by Institution bills/receipts, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.
- Travel expenses/ passage money for studies abroad.
- Purchase of computers - essential for completion of the course.
- Insurance premium for student borrower.
- Any other expense required to complete the course - like study tours, project work, thesis, etc.
Quantum/ Amount of Loan
Rs 10.00 lakh
Margin/ Allowance:
Up to Rs 4 lakh-Nil Above Rs 4 lakh-5%
Rate of Interest
BPLR-2.50% i.e. 9.50 % at present
Concessions/acknowledgment/allowance to IIM students
Eligibility Criteria
- Travel Expenses
- Mess Charges
- Restriction of 10% of total tuition fees for caution/ building/ refundable deposits has been removed.
- Loan for Motorbike
- Living expenses up to Rs. 36,000/- p.a.
- Visit to foreign universities in Exchange Program.
Quantum/ Amount of Loan
Rs 12.50 lakh
Margin/ Allowance:
Nil
Rate of Interest
BPLR-1.75 % i.e. 10.25 %. Existing special concession of 50 basis points will continue to be available to Female, SC, ST and Minority Community students.
Contact
Delhi Tel: 011- 23318964, 23319268/69,
Bangalore Tel: 080- 22265652/53/54/22353715,
Chennai Tel: 044- 28554792/4692/4620,
Hyderabad Tel: 040- 24740361/64, 24611402-05,
Kolkata Tel: 033- 22301270/1275/7007,
Mumbai Tel: 022- 22251855.
Website
www.centralbankofindia.co.in
