Vocational Education and Training Loan Scheme

The Vocational Education and Training Loan Scheme provides financial assistance to youth of the target group to enhance their skills & employability.

Key details

• Department / Ministry: Ministry Of Social Justice and Empowerment
• Level: Central (all-India)
• Category: Healthcare
• Last date: Always open
• Beneficiaries: student, jobseeker, citizen

Benefits

**Quantum of loan**

• Need-based finance to meet up to 90% of expenses shall be considered subject to the following Ceilings:
• For courses of duration up to 2 years: up to Rs. 4,00,000/-

> Note: In case of cost over-run, it shall be borne by the beneficiary.

**Interest**

National Safai Karamcharis Finance & Development Corporation (NSKFDC) shall charge interest @ 1% per annum from the Channelizing Agency which, in turn, shall charge 4% per annum from the beneficiaries. In the case of women, an interest rebate of 0.5% shall be provided. ****

**Repayment:** Up to 7 years.

Eligibility (who can apply)

**Eligibility Criteria**

• The person should be from the target group of NSKFDC.
• The person should have secured admission in a course run or supported by a Ministry, Department, or Organization of the Government or a company, society, or organization supported by the National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. Issued by a Government Organization or an Organization recognized/authorized by the Government to do so.

**Course Eligibility**

Vocational Education and training courses of the duration of a minimum 6 months and up to 2 years run or supported by a Ministry/Department/Organization of the Government or a Company/Society/Organization supported by a National Skill Development Corporation or State Skills/Mission/State Skill Corporations.

**Age Eligibility**

The candidate should attain a minimum age of 18 years on completion of the course. The upper age limit is up to 50 years.

How to Apply

1. **Online**
2. Visit the [official website](https://nskfdc.nic.in/en/content/home/home).
3. Click on [How to Apply](https://nskfdc.nic.in/en/content/home/home).
4. Tap on the Loan application form.
5. Click on [Loan application form.](https://nskfdc.nic.in/en/content/how-apply/loan-application-form)
6. Fill in all the details and tap Save to save the application form.

Frequently Asked Questions

Who is eligible for Vocational Education and Training Loan Scheme / what is the eligibility?

**Eligibility Criteria** 1. The person should be from the target group of NSKFDC. 1. The person should have secured admission in a course run or supported by a Ministry, Department, or Organization of the Government or a company, society, or organization supported by the National Skill De...

What are the benefits of Vocational Education and Training Loan Scheme?

**Quantum of loan** 1. Need-based finance to meet up to 90% of expenses shall be considered subject to the following Ceilings: - For courses of duration up to 2 years: up to Rs. 4,00,000/- > Note: In case of cost over-run, it shall be borne by the beneficiary. **Interest** National...

How to apply online for Vocational Education and Training Loan Scheme?

**Online** Step 1: Visit the [official website](https://nskfdc.nic.in/en/content/home/home). Step 2: Click on [How to Apply](https://nskfdc.nic.in/en/content/home/home). Tap on the Loan application form. Step 3: Click on [Loan application form.](https://nskfdc.nic.in/en/content/how-apply/l...

Related schemes

• Atal Beemit Vyakti Kalyan Yojana
• Assam Arogya Nidhi Scheme
• PM POSHAN - Prime Minister's Overarching Scheme For Holistic Nourishment
• Jai Johar (Old Age Pension) Scheme
• Financial Assistance Scheme for Purchase of Agricultural Land to Scheduled Caste Farmers
• Nirman Shramikon ke Liye Vyavsayik Rin Par Byaj ki Punarbharan Yojana

Visit the official website

Last updated: 02 Jul 2026