Education Loan

NSFDC Education Loan for SC/ST Students to Study Abroad

NSFDC Education Loan for SC/ST Students to Study Abroad

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Read GyanDhan’s guide on NSFDC education loan for SC students. Know eligibility, documents required & application process of abroad education loan for sc students by NSFDC.

Ananya Ghai
Updated on:  20 Feb 2024  | Reviewed By: 
| 9.44K | 5  min read

The National Scheduled Castes Finance and Development Corporation (NSFDC), was established by the Government of India in 1985 as a not-for-profit company. The NSFDC helps students with education loans from the Scheduled Caste (SC) community to secure education loans to study in India or abroad. So far, NSFDC has sanctioned thousands of education loans for SC students.


Eligibility criteria NSFDC education loans

Government education loan for SC/ST students eligibility criteria are quite strict when it comes to abroad education loans offered by the government.

  1. list items The applicant must be an Indian citizen having a valid Scheduled Caste (SC) certificate.
  2. list items The family income of the loan applicant should be up to INR 3 Lakh per annum.
  3. list items The applicant must have secured admission to a regular full-time technical/professional course in a recognized university abroad on merit basis.
  4. list items No scholarship/freeship should be available for the course for which the loan is sought from any Govt. Agency/any other source.
  5. list items No education loan has been granted by any other bank/institute for the course for which loan is being applied for.  

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Expenses covered under NSFDC education loans

  • list items Tuition fee
  • list items Admission fee
  • list items The cost of books and stationery
  • list items The examination, library, and laboratory fees
  • list items The hostel and mess expenses for students living inside the campus
  • list items Insurance premium for policy for ensuring loans against the borrowers in case of death or permanent disability
  • list items The cost of travelling abroad, including the cost of visa
  • list items The university might ask for other expenses, e.g. caution money, development fees, etc

Documents required for NSFDC education loans

  • list items Duly filled and signed application form. The form should include the signatures of the student and parents/guardian as they will be the co-applicant
  • list items Two clear passport-size photographs
  • list items SC caste certificate and income certificate
  • list items Address proof including ration card, voter ID card, electricity/telephone bill, passport, etc
  • list items The letter of acceptance by the university
  • list items The passing certificate by the earlier institution in the prescribed format, duly signed and bearing the seal of the institute

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Courses covered under NSFDC education loans

The number of courses of education loan for scheduled caste students is kept wide enough so that most students can be brought under the net of affordable abroad education loans. 

  • list items Engineering (Diploma/ B.Tech /B.E, M.Tech/M.E.)
  • list items Architecture (B.Arch/M.Arch)
  • list items Medical (MBBS/MD/MS)
  • list items Biotechnology/Microbiology/Clinical Technology (Diploma/Degree)
  • list items Pharmacy (B.Pharma/M.Pharma)
  • list items Dental (BDS/MDS)
  • list items Physiotherapy (B.Sc./M.Sc.)
  • list items Pathology (B.Sc/M.Sc.)
  • list items Nursing (B.Sc./M.Sc.)
  • list items Information Technology (BCA/MCA)
  • list items Management (BBA/MBA)
  • list items Hotel Management & Catering Technology (Diploma /Graduation/Post Graduation)
  • list items Law (LLB/LLM)
  • list items Education (CT/NTT/B.Ed/M.Ed)
  • list items Education (CT/NTT/B.Ed/M.Ed)
  • list items Physical Education (C.PEd./B.PEd/ M.PEd)
  • list items Journalism & Mass Communication (Graduation/Post Graduation)
  • list items Geriatric Care (Diploma/Post Graduate Diploma)
  • list items Midwifery (Diploma)
  • list items Laboratory Technician (Diploma)
  • list items Chartered Accountancy (CA)
  • list items Cost Accountancy (ICWA)
  • list items Company Secretaryship (CS)
  • list items Actuarial Sciences (Graduation/ Post Graduation/FIA)
  • list items Associate Member of the Institute of Engineers (AMIE) and Institute of Electronics & Telecommunication.
  • list items Higher education like Doctoral Studies leading to M.Phil/PhD from recognized institutions.


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Points to remember while applying for NSFDC education loan for schedule caste students

  • list items If the student takes up part-time employment, they will have to provide a certificate from the head of the institution stating that their employment will not affect their studies.
  • list items The student cannot change their course or institution without the permission of the SCA.
  • list items Students cannot avail any scholarship for the course these loans have been sanctioned from any government agency or any other source.

How to apply for NSFDC education loans for schedule caste students?

Government education loan for SC/ST students loan procedure is simple, and one can get it approved within a month. Make sure to keep all the documents related to caste, income, and academics readily available. Since the NSFDC is a government body, the documents are scrutinized very strictly, you must ensure that there shouldn't be any discrepancies such as mistakes in the name of the student, name of the parents, date of birth, etc. Ideally, you should start the process right after getting the letter of acceptance from the university, which will help you get the loan approved on time.

Students have to download the loan application form from the official website of NSFDC and provide the letter of acceptance to the State Channelising Agency (SCAs) in their respective state/UT. 

The application procedure:

  • list items Download the education loan application form from the official website of NSFDC.
  • list items After filling the application form, submit this to your respective district offices of State Channelizing Agencies (SCAs). 
  • list items The agency will then evaluate & forward the application to the NSFDC.
  • list items Take the printout of the application form as you’ll need to submit a signed copy at the time of disbursement.


To apply visit here

Education loan for scheduled caste via NSFDC for students in India to study abroad is a valuable initiative that opens doors of opportunity for SC students seeking higher education overseas. This loan program addresses the financial barriers faced by SC students and enables them to pursue their educational aspirations on an international platform. 

However, if you are not eligible for NSFDC government education loan for SC/ST students then there are other options available. Leading public & private banks and NBFCs provide education loans. But selecting the best lender is again a daunting task hence expert advice is recommended. One such platform is GyanDhan which helps students secure education loans for education both in India and abroad. We evaluate each student's profile and provide comparison between various lenders and financial institutions offering education loans. To begin, check your loan eligibility.

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Frequently asked questions

What is NSFDC full form?

NSFDC full form is National Scheduled Castes Finance and Development Corporation.

What is the current rate of interest offered by NSFDC education loans?

The current rate of interest offered by NSFDC for abroad education loans is 4%.

What is the maximum loan amount available for education loans for scheduled caste students?

The maximum loan amount available under NSFDC is INR 30 Lakh or 90% of the course fee whichever is less.

Who is eligible for NSFDC education loans for scheduled caste students?

Indian citizens who hold Schedule Caste certificates and have secured admission to recognized universities or institutions abroad for higher education are eligible for the loan.

What is the role of SCA in NSFDC education loans for scheduled caste students?

At the start of each financial year, NSFDC allocates funds to the State Channelizing Agencies (SCAs) based on the proportion of the scheduled caste population represented by each state/UT administration. The SCAs, in turn, are responsible for allocating funds to districts within their jurisdiction in accordance with the same principle of proportionate representation of the scheduled caste population.

Does NSFDC give education loans for certificate and diploma courses?

No, NSFDC provides education loans for pursuing regular full-time professional/technical recognized courses approved by the government in India or abroad.

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