What you get
Maximum Loan Limit: | - For studies within India: Up to ₹10,00,000/- - For studies abroad: Up to ₹20,00,000/- | Recovery: | - Recovery (Principal & Interest) will commence after 6 months of completion of the course or getting employment, whichever is earlier. The loan will be repaid in 20 quarterly installments in 5 years from the date of first disbursement. | - There would be a tag/maker on the Diploma/Degree of the student indicating his repayment liabilities. | Note: The Educational Loan, shall, however, be restricted to cover the admissible expenses for the remaining years of study on a pro-rata basis. Further, all Educational Loans shall be sanctioned & disbursed on a case-to-case basis.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can avail of this educational loan?
The loan is available to Safai Karamcharis or their dependents who are permanent residents of Haryana and are pursuing full-time recognized professional or technical courses in India or abroad.
What is the maximum loan amount available for studies within India?
The maximum loan amount for studies within India is ₹10,00,000/-.
What is the maximum loan amount available for studies abroad?
The maximum loan amount for studies abroad is ₹20,00,000/-.
What expenses are covered under this education loan?
The loan covers admission fees, tuition fees, books, stationery, examination fees, boarding and lodging expenses, insurance premium, travel expenses for studying abroad, caution money, and development funds.
Are there any age limits for applicants?
Yes, applicants should be between 18 and 55 years old.
Is there an income limit for applicants?
No, there is no income limit for applicants.
How is the loan amount disbursed?
The loan amount is disbursed through the state channelizing agencies to the concerned government-recognized educational institutions.
When does the repayment of the loan start?
Repayment starts 6 months after the completion of the course or upon gaining employment, whichever is earlier.
How long is the repayment period?
The loan is to be repaid in 20 quarterly installments over 5 years from the date of the first disbursement.
What is meant by a permanent Safai Karamchari?
A permanent Safai Karamchari is a person engaged in sanitation work, including their dependents.
How to apply for the educational loan?
Eligible applicants can apply online through the official website of HSFDC or the Antyodaya-SARAL Portal.
What is the tag/maker on the diploma/degree of the student?
The tag/maker indicates the student’s repayment liabilities for the loan taken.
Can the loan be availed for part-time courses?
No, the loan is only for regular full-time recognized professional/technical courses.