NSKFDC Loan for Youth: If you want to make a better career by increasing your skill, then Vocational Education and Training Loan Scheme is a golden opportunity for you. You can take a loan of up to Rs 4 lakh in this scheme. Online application is very easy. Know details.
Vocational education and training loan scheme: In today’s era, if you want to increase your skill and move towards a good career, then the Vocational Education and Training Loan Scheme of the Ministry of Social Justice and Empowerment can prove to be very helpful for you. The scheme is especially made for youth who are financially weak and want financial help for their studies or skill training. Under this scheme, a loan is given by NSKFDC (National Safai Karamcharis Finance and Development Corporation), so that you can easily meet expenses like your training or course fees, books, equipment and boarding-loving.
What are the expenses in Vocational Education and Training Loan Scheme?
Loans can be used for these expenses-
- Course admission or tuition fees
- Exams, library and lab fees
- Cassing deposits
- Purchase of books, equipment and instruments
- Living and eating expenses
- Insurance for loan
- And any other necessary expenses that are certified by the Training Institute
How much will the skill training loan be received and how much will the interest be charged?
- If your course is up to 2 years, then the maximum amount of loan can be up to Rs 4 lakh.
- Loan interest rate: NSKFDC charges 1% per year and is charged 4% per year from benefits.
- Women also get an interest rebate of 0.5%.
- The repair period of the loan can be up to 7 years.
- Note: If the expenditure of the course is high, then you will have to pay the additional amount.
Also read- Bihar Mahila Employment Scheme 2025: On which dates will come in account 10,000 rupees, see date list here
Who can apply for NSKFDC loan?
- The applicant should be from the target group of NSKFDC.
- Admission to the course should be in a government ministry, department or NSDC, supported institution by State Skill Mission.
- The duration of the course should be at least 6 months and a maximum of 2 years.
- The age of the candidate is at least 18 years and maximum 50 years.
How to apply for vocational education training loan?
- First go to the official website.
- Click on how to apply and open the Loan Application Form.
- Fill all the necessary information and click on Save and save the form.
Which documents are necessary?
- Aadhar card
- Driving license
- Bank details
- Caste certificate
- Income certificate
- Domicile certificate
This scheme not only increases the skill and employment capacity of the youth, but also helps them to fulfill their dreams. If you want to take your career to the next level and take a loan financially, do not miss this opportunity at all.
Also read- PMMMSY HARYANA 2025: Subsidy up to 60% for ornamental fish farming, know who can apply