Educational Loan

Scheme Type:

Soft loan for pursuing higher professional courses. The rate of interest is 3% p.a. on reducing balance basis. Repayment starts 6 months after completion of courses or on getting an employment, whichever is earlier.


To provide financial assistance to minority students to help them pursue professional courses like Medical, Engineering, Management, Nursing and Law etc.

Quantum of Assistance:

Maximum ₹ 20 lakhs for study within the country and ₹ 30 lakh for study abroad.

Method of Implementation:
Eligibility Criteria:
  1. Annual family income should not exceed ₹ 120000 for urban area,
  2. Age group : 16-32 years.
When and Where to Apply:

Online application may be submitted round the year through

Nodal Organisation:
West Bengal Minorities Development & Finance Corporation