IARI offers educational loan facility for SC/ST/OBC/Minorities/Handicapped below poverty line students.

The beneficiaries shall be eligible for interest subsidy on educational loan for the period of moratorium from the central scheme of interest subsidy as approved by the department of higher education, ministry of human resource development, govt. of India. Further the interest subsidy shall be restricted to studies in recognized technical or professional courses in India. The interest subsidy shall be linked woth the existing educational loan scheme of IBA/National Corporations scheme for weaker sections (SC/Safai Karmacharis/Backward Classes/Minorities/Handicapped Persons) and restricted to students enrolled in recognized technical/professional courses (after class XII) in India in Educational Institutions established by Acts of Parliament, other institutions recognized by concerned statutory bodies, Indian Institute of Management (IIMs) and other Institutions set up by the Central/State Government.

Loan Limit

90% of the expenditure of entire duration of the professional courses subjects to maximum loan limit of upto Rs. 1.875 lack/per beneficiary per annum (for studying in India) and upto Rs. 3.75 lack/per beneficiary per annum (for studying abroad) shall be provided considering average duration of the courses as four years. Balance 10% will be borne by the students/SCAs.

For more info, Visit: http://www.iari.res.in/