Jharkhand NMDFC Education Loan Scheme
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About The Program
Jharkhand NMDFC Education Loan Scheme is an initiative by the National Minorities Development & Finance Corporation (NMDFC) to provide financial assistance to students from minority communities in Jharkhand. It is implemented by SCAs (State Channelising Agency). The religious minority community include Muslims, Sikhs, Buddhists, Christians, and Parsis. The scheme provides education loan to students who are enrolled in job-oriented technical and professional courses with a maximum duration of 5 years.
Under this scheme, the students will receive funding of up to ₹20,00,000 for studying in India and up to ₹30,00,000 for pursuing education abroad at nominal interest rates.
The loan is offered under 2 credit lines depending on the annual income of the students. The repayment duration for the NMDFC Education Loan Scheme is determined by the terms and conditions agreed upon by the students. However, the standard repayment period is set at 60 months, equivalent to 5 years.
Contact Us
In case of any queries, please reach out to:
(0651)-2552055 (Monday to Friday - 10:00AM to 06:00 PM (IST))
jsmfdc.ranchi@gmail.com
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