BMB Kaushal

To facilitating pursuit and to support the national initiatives for skill development
Nature of Facility : Term Loan
Purpose of Loan : Tuition/Course fee/Examination/Library/Laboratory/Fee/Caution deposit/Purchase of books, equipments and instruments etc.
Loan Amt : Need based finance to meet expenses for different duration of the course.Banks may, at their discretion, consider limits uptoRs.75,000/- for courses with duration upto 1 year and limits uptoRs.2 lakhs courses with duration above one year for specific courses offered by reputed institutions having regard to the nature of such courses and employability (ability to repay out of job earnings).
Eligibility Criteria for students : Students/Individuals who have minimum education qualification as required by the institution/organization running the course eligible under the scheme/student should be an Indian National/Have secured admission in a course run or supported by a Ministry / Dept./ Organisation of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so.
Course Eligibility : Vocational / Skill development courses of duration from 2 months to 3 years run or supported by a Ministry / Dept. / Organisation of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so. . State Level Bankers Committee (SLBC) / State Level Coordination Committee (SLCC) may add other skill development courses / programmes, having good employability.
Margin : Nil
Guarantee : Covered under Credit Guarantee Fund For Skill Development (CGFSD) Scheme of NCGTC.
Security : the parent will execute loan documentsalongwith the student borrower as joint borrower.
Repayment Holiday : 6 months to 12 months
Repayment : Repayable from 2 yrs to 7 yrs
Upfront Fee & Documentation Charges/Prepayment Charges : Nil

  • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

  • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore