InvestorQ : Do students of marginal categories (SCs/STs) receive any incentives when applying for education loans?
Priyanka Singh made post

Do students of marginal categories (SCs/STs) receive any incentives when applying for education loans?

Answer
user profile image
1 year ago


Yes, Scheduled Caste and Scheduled Tribe students receive incentives when applying for education loans.

The eligibility criteria and loan margins on education loan are relaxed for Scheduled Caste/Scheduled Tribe students availing education loans in India.

The eligibility criteria are lowered from first/second class to pass class for SC/ST category students seeking education loan for graduate and post graduate studies, while, margin money is sometimes lowered than the regular percentage or nil.