How to Apply for ₹40 Lakh Education & Business Loans (NSFDC-2026 Scheme)

Check Eligibility: Applicant must belong to Scheduled Caste (SC) category and meet the annual income criteria set by the government.

Choose Loan Type: Decide whether you’re applying for an Education Loan (India/Abroad studies) or a Business / Entrepreneurship Loan.

Prepare Required Documents: Caste certificate, income certificate, Aadhaar/ID proof, educational admission letter or business proposal, bank details, and photographs.

Apply Through Channel: Submit your application via the State Channelizing Agency (SCA) or authorized partner institutions of National Scheduled Castes Finance and Development Corporation (NSFDC).

Verification Process: Documents and details are verified by the SCA and concerned authorities.

Loan Approval: On successful verification, the loan gets sanctioned under NSFDC norms.

Funds Disbursement: Loan amount is released directly to the college/university (education loan) or bank account (business loan).

Start Repayment After Moratorium: Repayment begins after the moratorium period, with low-interest EMIs.