Cent Vidyarthi

Objective
	The scheme aims at providing financial assistance on reasonable terms -
		To the poor and needy to undertake basic education
		To the meritorious students to pursue higher education.
Course Eligibility
A.	Studies in India
		School education including plus 2 stages.
		Graduation courses - B.A., B.Com., B.Sc. etc
		Post Graduation courses - Masters & Ph.D.
		Professional courses - Engineering, Medical, Agriculture, Veterinary, Law
		Dental, Management, Computer etc.
		Computer Certificate course of reputed institutions
		Department of Electronics or Institutions affiliated to University.
		Courses like ICWA, CA, CFA, etc.
		Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
		Courses offered in India by reputed Foreign Universities.
		Evening courses of approved institutions.
		Other courses leading to Diploma/Degree etc. conducted by Colleges / Universities approved by UGC/Govt./AICTE/ICMR etc.
		Courses offered by National Institutes and other reputed private institutions.
		Any other institution courses depending on future prospects/recognition by user institutions deemed proper by the Bank.
B.	Studies Abroad
		Graduation : For job oriented professional/technical courses offered by reputed Universities.
		Post Graduation : MCA, MBA, MS. etc.
		Courses conducted by Chartered Institute of Management Accountants (CIMA) - London, Chartered Public Accountant (CPA) - USA etc.
Students Eligibility
	Should be an Indian National.
	Secured admission to Professional/Technical courses through Entrance Test/Selection Process.
	Secured admission to Foreign University/Institutions.
Expenses Considered for Loan
	Fee payable to College/School/Hostel.
	Examination/Library/Laboratory fee.
	Purchase of books/equipments/instruments/uniforms .
	Caution deposit/building fund/ refundable deposit.
	Travel expenses/passage money for studies abroad.
	Purchase of computers - essential for completion of the course.
	Any other expenses required to complete the course - like study tours, project work thesis etc.
	To meet insurance premium for the policy on the life of the student.
Quantum of Finance
Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings:
	Studies in India -Maximum Rs. 7.50 lacs
	Studies Abroad - Maximum Rs. 15.00 lacs
Margin

		Upto Rs. 4 lacs	No margin
		Above Rs. 4 lacs	In India 5%
			Studies abroad 15%
	»	Scholarship assistance to be included in margin.
	»	Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.
Security
		Upto Rs. 4 lacs No security. Only to take co-obligation of either or both parents/guardian.
		Above Rs. 4 lacs & Collateral security equal to 50% of upto Rs. 8 lacs loan amount or guarantee/co-obligation of third person known to Bank for 100% of the loan amount.
		Above Rs. 8 lacs & Collateral security equal to 50% of upto Rs. 15 lacs Rs. 8 lacs plus 100% for the balance amount or guarantee/co-obligation of third party known to Bank for 100% of the loan amount.
Rate of Interest
		Up to Rs. 4 lacs - bplr
		Above Rs. 4 lacs upto Rs. 8 lacs - bplr + 0.5%
		Above Rs. 8 lacs upto Rs. 15 lacs - bplr + 1%

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Central Office
Chander Mukhi, Nariman Point
Mumbai - 400 021
Gen: 022-2026428, Fax: 022-2028122(D)2044336
E-Mail: cbicpp@bo1.net.in
Website: www.centralbankofindia.co.in