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.
Maximum ₹ 20 lakhs for study within the country and ₹ 30 lakh for study abroad.
Online application may be submitted round the year through www.wbmdfc.net.