Purpose To extend financial assistance to be allowed for meeting following purposes to deserving/meritorious Students for pursuing higher education including Sports Education (recognised by Govt.of India) in India & abroad:-

Fee payable to the college/School/Hostel.
Admission/Tuition/Examination/Library/Laboratory fee.
Purchase of books/Stationery/Equipments/Uniforms.
Caution money deposit/building fund/refundable deposit supported by institution bills/receipts.
Travel Expenses/passage money for studies abroad.
Purchase of computer-essential for completion of course.
All other expenses required to complete the courses like study tours, project works, thesis, Hostel expenses etc.

Professional Courses in India:
Engineering, Medical, Agriculture, Veterinary, Law, Dental,
Management, Computer, ICWA, CA, CFA etc.
Courses conducted by IIM, IIT, IISC, XLRI
Courses offered in India by reputed foreign universities.
Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt. /AICTE/ AIBMS /IICMR etc. Courses offered by National Institutes and other reputed private Institutions.

Studies Abroad:
Graduation : For job oriented professional/technical courses offered by reputed universities.
Post Graduation : MCA, MBA, MS etc.
Courses conducted by CIMA-London, CPA in USA etc.
Courses conducted by recognised Universities and Sports Authority of India i.e. Diploma in Sports Medicine, Diploma in NIS, B.Ped.,M.Ped., C.Ped., Post Graduation and Ph.d in Sports Sciences in India and abroad, courses offered by Sports authority of India, Colleges, Universities.

Eligibility : Should be permanent resident of J&K.
Should have secured admission to professional/technical/|Sports course.
Should have secured admission to foreign university/institutions.

Employed persons intending to improve their educational/ Sports qualification and/or to receive training in modern technology in India or foreign countries can also be assisted under the scheme provided that the education/training received by them affords prospects of their better employment.

Loan Amount : Need based finance subject to repaying capacity of parents/students with margin subject to maximum amount of Rs.15.00 Lacs

Margin : 10%

Repayment period/Moratorium : Course period + one year or 6 months after getting job, whichever is earlier.
The loan to be repaid in 60 equated monthly instalments after commencement of repayment.

Security : Loan upto Rs.2.00 lacs third party guarantee of two persons and collateral security is not required. Loan above Rs.2.00 lacs Collateral Security equal to 200% of the loan amount and third party guarantee of two persons including one parent/guardian.

Processing Fee : (i) upto Rs. 25000/- No charges
(ii) Above Rs.25000 upto Rs.2.00 Lakh Rs.450/-
(iii) Above Rs.2.00Lakh Rs.450/- + Rs.200.00 per Lakh or part thereof subject to maximum of Rs.30000/-
Pre-Payment : Permitted without penalty.
Linkage Shares : 2.5% of the advance made.

CHECK LIST (Educational Loan):

Documents to be submitted by the Applicant(s), Guarantor(s)

For Proposal:
1. Loan Application form.
2. Personal statement of borrower.
3. Personal statement of guarantor(s).
4. Two coloured recent passport size photograph of borrower and guarantor(s).
5. Copy of latest Income Tax Return.
6. Poof of age/address/PAN card/Mobile No./Telephone No./Electricity bill/ Driving licence/Passport.
7. Education proof
8. Brochure & fees detail with proposed payment schedule
9. Confirm letter/Admission proof (and scholarship letter, if any)
10. Passport/Visa/Air ticket position for abroad.
11. Detail of Property for mortgage

Title of Property
(i) Valuation report of property
(ii) Legal opinion of property.