Fed Scholars

Key Features

Fed Scholars loan will provide financial support to deserving and meritorious students for pursuing various regular courses in select premier institutes.

No repayment during Moratorium period

Repayment period of 15 years.

Subsidy available for eligible students

Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed) can be considered

No processing Fee

How to apply

Who can apply?

Applicant should be an Indian National
Applicant shall have secured admission to any of these select institutes
Management Quota seats shall not be considered under the scheme.

To avail the loan, you can choose any of these:

Call our contact centre executives
Please visit any of our branches
Apply through PM-Vidyalaxmi Portal and contact branch with Application ID

Documents Required

Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
Offer letter / Admission letter
Basic Qualification & mark-list
Proof of Fees structure

Interest Rates

Please visit the Interest Rates page for details.
During moratorium period only simple interest will be charged.

Terms & Conditions

To deserving and meritorious students for pursuing various regular courses at listed Colleges.

Margin

Nil up to Loan amount of Rs 10L
5% for loans above Rs 10L

Loan Period

Total Loan period = Moratorium Period (course period + maximum 1 year) + maximum 15 years.

Re-imbursement

Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed) can be considered subject to the submission of Documentary evidence.

Co-obligants

Spouse /Parent /parents-in –law/ Guardian/close relatives should join the loan documents as joint borrower/guarantor.

List of Eligible Institutes

S. No	Name of the institution eligible under the scheme
1	All India Institute of Medical Sciences (AIIMS), Delhi
2	Armed Forces Medical College (AFMC), Pune
3	Bangalore Medical College (BMC), Bangalore
4	Birla Institute of Technology & Sciences(BITS) - Pilani
5	BITS (Pilani) Goa Campus
6	Christian Medical College (CMC), Ludhiana
7	Christian Medical College (CMC), Vellore
8	Department of Industrial & Management Engineering, IIT Kanpur
9	Dept of Management Studies, IIT, Delhi
10	Indian Institute of Foreign Trade (IIFT), Delhi
11	Indian Institute of Foreign Trade (IIFT), Kolkata Campus
12	Indian Institute of Management(IIM), Ahmedabad
13	Indian Institute of Management(IIM), Kashipur
14	Indian Institute of Management(IIM), Ranchi
15	Indian Institute of Management(IIM), Rohtak
16	Indian Institute of Management(IIM), Udaipur
17	Indian Institute of Management(IIM), Bangalore
18	Indian Institute of Management(IIM), Indore
19	Indian Institute of Management(IIM), Kolkata
20	Indian Institute of Management(IIM), Kozikode
21	Indian Institute of Management(IIM), Lucknow
22	Indian Institute of Management(IIM), Raipur
23	Indian Institute of Technology , Kanpur
24	Indian Institute of Technology , Mandi
25	Indian Institute of Technology , Patna
26	Indian Institute of Technology , Roopnagar
27	Indian Institute of Technology , Roorkee
28	Indian Institute of Technology, Bhubaneshwar
29	Indian Institute of Technology, Chennai
30	Indian Institute of Technology, Delhi
31	Indian Institute of Technology, Gandhinagar
32	All India Institute of Medical Sciences (AIIMS), Bhopal Campus
33	All India Institute of Medical Sciences (AIIMS), Raipur Campus
34	Indian Institute of Technology, Indore
35	Indian Institute of Technology, Kharagpur
36	Indian Institute of Technology, Guwahati
37	Indian Institute of Technology, Mumbai
38	Indian School of Business(ISB), Hyderabad
39	Indian School of Business(ISB)-Mohali Campus
40	IT BHU , (IIT Varanasi) Banaras
41	Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry
42	Kasturba Medical College (KMC), Manipal
43	King Edward Medical College (KEMC), Mumbai
44	Marine Engineering & Research Institute, Kolkata
45	Madras Medical College (MMC), Chennai
46	Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
47	S P Jain Institute of Management and Research (SPJIMR), Mumbai
48	SJSOM, IIT – Mumbai
49	Xavier Institute of Management (XIM), Bhubaneswar
50	Xavier Labour Relations Institute (XLRI), Jamshedpur

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