NSFDC Education Loan for SC/ST Students to Study Abroad

    Updated on: 26 Oct 2023 6 min read

    Education Loan for SCST Students to Study Abroad

    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.

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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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Written by Ananya Ghai

A post-graduate with over three years of expertise in the education abroad industry, Ananya has a knack for writing blogs. Previously, she has worked as an IELTS trainer and SOP writer. A passionate writer and a literature geek, describe her perfectly.


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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