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1
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Eligibility
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Students who secure admission in the following institutes for flagship undergraduate / postgraduate course for the academic year 2022-23 only.
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Sr. No.
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Name of University/ College/ Institutes
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Courses
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Management
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1.
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Alliance School of Business, Bengaluru
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MBA
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2.
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Amity Business School, Noida (U.P.)
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MBA
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3.
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Army Institute of Management (AIM), Kolkata
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MBA
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4.
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Bharathisadan Institute of Management (BIM), Tiruchirappalli
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MBA
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5.
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Birla Institute of Management Technology (BIMTECH), Greater Noida
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MBA
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6.
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BITS School of Management (BITSOM), Mumbai
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MBA
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7.
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Fore School of Management (FSM), New Delhi
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PGDM
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8.
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Goa Institute of Management (GIM), Goa
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MBA
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9.
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ICFAI Business School (IBS), Hyderabad
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MBA
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10.
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IFIM Business School, Bengaluru
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MBA
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11.
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IFMR Graduate School of Business, Chennai/Sri City
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MBA
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12.
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Institute of Management – NIRMA University, Ahmedabad
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MBA
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13.
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Institute of Management & Technology (IMT), Hyderabad/Nagpur
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MBA
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14.
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Institute of Management Christ University, Bengaluru
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MBA
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15.
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International Management Institute (IMI), Bhubaneshwar / Kolkata
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MBA
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16.
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Jaipuria Institute of Management, Noida (U.P.)
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MBA
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17.
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Jamia Millia Islamia, New Delhi
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MBA
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18.
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Kirloskar Institute of Advanced Management Studies (KIAMS), Bengaluru / Pune
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MBA
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19.
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KJ Somaiya Institute of Management Studies and Research (KJSIMR), Mumbai
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MMS, PGDM
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20.
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L.N. Welingkar Institute of Management Development and Research, Bengaluru
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MBA
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21.
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Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi
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MBA
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22.
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Loyola Institute of Business Administration (LIBA), Chennai
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MBA
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23.
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Management Development Institute (MDI), Murshidabad
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MBA
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24.
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National Institute of Bank Management (NIBM), Pune
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MBA, PGDM
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25.
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National Institute of Construction Management & Research (NICMAR), Pune/ Hyderabad/ Delhi-NCR/ Mumbai/ Goa
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MBA, PGDM
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26.
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Shri Dharmasthala Manjunatheswara Institute for Management Development (SDMIMD), Mysore
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MBA
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27.
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Soil School of Business Design, Manesar (New Delhi)
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MBA
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28.
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Sri Ramaswami Memorial University (SRM), Chennai/ Ghaziabad
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MBA
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29.
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Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai
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MMS, PGDBM
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30.
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Symbiosis Institute of Business Management (SIBM), Pune / Indore
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MBA
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31.
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Symbiosis Institute of International Business (SIIB), Pune
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MBA
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32.
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Symbiosis School of Banking & Finance, Pune / Indore
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MBA
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33.
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Xavier Center for Urban Management & Governance (XUMG), Bhubaneswar
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MBA
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34.
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Xavier Emlyon Business School (XEBS), Bhubaneshwar
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MBA
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35.
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Xavier Institute of Social Services (XISS), Ranchi
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MBA, PGDM
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36.
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Xavier Labour Relations Institute (XLRI) Delhi-NCR campus
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MBA
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37.
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Xavier School of Commerce (XSC), XIM Harirajpur, Odisha
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MBA
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38.
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Xavier School of Rural Management (XSRM), Bhubaneshwar
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MBA- RM (Rural Management)
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39.
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Xavier School of Sustainability (XSOS), Kakudia Odisha
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Post Graduate Program in Sustainability Management (MBA-SM)
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40.
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CEPT (Center for Environmental Planning & Technology) University, Ahmedabad
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MBA
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41.
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Indian Institute of Forest Management (IIFM), Bhopal
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Post Graduate Diploma in Forestry Management (PGDFM)
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42.
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National Insurance Academy, Pune
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MBA/PGDM
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43.
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Symbiosis Institute of Applied Sciences, Indore
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MBA-BFSI, BBA-BFSI, BBA Retail, B.Tech-CSIT, B.Tech- Mechatronics, B.Tech-Automobile
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Engineering
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44.
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Alagappa Chettiyar College of Engineering & Technology (Anna University), Chennai Tamilnadu
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B.Tech.
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45.
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Army Institute of Technology (AIT), Pune
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B.Tech.
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46.
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Amrita Vishwa Vidyapeetham, Coimbatore/ Bengaluru/Amritapuri
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B.Tech.
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47.
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Bharti Vidhyapeeth College of Engineering, Pune
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B.Tech.
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48.
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Birla Institute of Technology & Sciences (BITs) Ranchi
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B.Tech./ BE
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49.
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BMS College of Engineering, Bengaluru
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B.Tech.
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50.
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College of Engineering Guindy (CEG), Chennai
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B.Tech.
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51.
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College of Engineering, Pune
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B.Tech.
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52.
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Dhirubhai Ambani Institute of Information & Communication Technology, Gandhinagar
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B.Tech.
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53.
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Faculty of Engineering & Technology, Jadavpur/ Kolkata
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B.Tech.
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54.
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Galgotias College of Engineering & Technology, Greater Noida
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B.Tech.
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55.
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Harcourt Butler Technical University, Kanpur
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B.Tech.
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56.
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Indian Institute of Information Technology (IIITs)
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B.Tech.
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57.
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Indian Institute of Information Technology Design & Manufacturing (IIITDM), Kurnool/ Jabalpur
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B.Tech.
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58.
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Indian Institute of Space Science & Technology (IIST), Thiruvananthapuram
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B. Tech.
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59.
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Indian Maritime University – Kochi/ Visakhapatnam/ Kolkata/ Mumbai
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B. Tech.
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60.
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Institute of Chemical Technology (ICT), Mumbai
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B.Tech.
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61.
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Kalinga Institute of Industrial Technology (KIIT) Bhubaneshwar
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B.Tech
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62.
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L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
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B.Tech.
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63.
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Madras Institute of Technology (Anna University), Chennai
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B.Tech.
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64.
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Maharaja Surajmal Institute of Technology, New Delhi
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B.Tech.
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65.
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Manipal Institute of Technology (MIT), Manipal
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B.Tech.
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66.
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Marine Engineering & Research Institute, Kolkata
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B.Tech.
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67.
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Osmania University College of Engineering, Hyderabad
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B.Tech.
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68.
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PSG College of Technology / PSG Institute of Advanced Studies Coimbatore
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B.Tech.
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69.
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Thiagarajar College of Engineering, Madurai
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B.Tech.
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70.
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Punjab Engineering College, Chandigarh
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B.Tech.
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71.
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RV College of Engineering, Bengaluru
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B.Tech.
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72.
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Shanmuga Arts Science Technology & Research Academy (SASTRA), Thanjavur// Kumbakonam
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B.Tech. / BE
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73.
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Shiv Nadar College of Engineering, Kalavakkam Chennai
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B.Tech.
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74.
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Shri Ramdeobaba College Engineering & Management, Nagpur
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B.Tech.
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75.
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Sikkim Manipal Institute of Technology, Majitar
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B. Tech.
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76.
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SVKM Dwarkadas J. Sanghvi College of Engineering, Mumbai
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B.Tech.
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77.
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SVKMS’s NMIMS Mukesh Patel School of Technology Management & Engineering, Mumbai
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B.Tech.
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78.
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University College of Engineering, Burla Odisha
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B.Tech.
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79.
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Veermata Jijabai Technological Institutes (VJTI), Mumbai
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B.Tech.
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80.
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Vellore Institute of Technology (VIT), Vellore/Chennai/ Amaravati
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B.Tech./BE
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81.
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Institute of Engineering & Management, Kolkata
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B.Tech.
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82.
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Sri Ramaswami Memorial University (SRM), Chennai/ Ghaziabad
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B. Tech.
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83.
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Jaypee Institute of Information Technology, Noida (U.P.)
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B.Tech.
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84.
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Karunya Institute of Technology and Sciences (KITS), Coimbatore
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B.Tech.
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85.
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Rajiv Gandhi Institute of Petroleum Technology, Amethi/ Bengaluru / Sivasagar
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B.Tech.
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86.
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Kalasalingam Academy of Research & Education, Krishnankoil/ Sruvilliputhur, Tamilnadu
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B.Tech. (CSE/IT)
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87.
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Koneru Lakshmaiah Education Foundation University, Vaddeswaram / Guntur, Andhra Pradesh
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B.Tech. (CSE/IT)
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88.
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Visvesvaraya Technological University, Belgaum Karnataka
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B.Tech. (CSE/IT)
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89.
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Graphic Era University, Dehradun
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B.Tech. (CSE/IT)
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90.
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Guru Gobind Singh Indraprastha University, Delhi
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B.Tech. (CSE/IT)
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91.
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Manipal University Jaipur, Rajasthan
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B.Tech. (CSE/IT)
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92.
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Pandit Deendayal Energy University, Raysan, Gandhinagar Gujarat
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B.Tech. (CSE/IT)
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93.
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Sri Ramaswami Memorial University (SRM), Amaravati, Andhra Pradesh
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B.Tech. (CSE/IT)
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LAW
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94.
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Army Institute of Law (AIL), Mohali
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BA LLB, LLM
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95.
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Indian Institute of Corporate Affairs (IICA), Manesar
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BA LLB, LLM
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96.
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Nalsar University of Law, Hyderabad
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BA LLB, LLM
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97.
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Indore Institute of Law, Indore
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BA LLB, LLM
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Pharmacy
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98.
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KS Hedge Medical Academy, Mangalore
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B. Pharma
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99.
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Faculty of Medicine & Health Sciences SGT University, Gurugram
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B. Pharma
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100.
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Mahatma Gandhi Medical College & Research Institute, Puducherry
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B. Pharma
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101.
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Sri Guru Ram Das Institute of Medical Sciences & Research, Amritsar
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B. Pharma
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102.
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Mahatma Gandhi Mission Institute of Health Sciences, Navi Mumbai
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B. Pharma
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103.
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M S Ramaiah Medical College, Bengaluru
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B. Pharma
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Fashion & Technology
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104.
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National Institute of Design (NID), Bhopal/ Amaravati, Kuruskshetra, Jorhat
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Bachelor of Design
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105.
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National Institute of Fashion Technology (NIFTs)
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4- years undergraduate course / 2- years post graduate diploma course in areas of Design, Management & Technology
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106.
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Pearl Academy, New Delhi
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Bachelor of Design
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107.
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Symbiosis Institute of Design, Pune
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Bachelor of Design
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108.
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ISDI School of Design & Innovation, Mumbai
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4-year undergraduate course in areas of Fashion / Design
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- Mere admission to the course would suffice for loan, as admissions are secured through a competitive merit-based admission test and rigorous selection process.
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2
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Purpose
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To meet tuition fees, cost of books, caution deposit*, hostel charges, mess charges, equipment such as desktop/laptop**, living expenses, insurance premium, expense for overseas student exchange programme, admission acceptance fee etc.
*Student to deposit the money in the loan account immediately on refund from the institute. An undertaking to be obtained from the student in this respect.
**Laptop/desktop cost can be reimbursed to the student if it is purchased for the purpose of study at these institutes.
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3
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Quantum of Loan
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Maximum quantum of loan – Rs.20 Lakh
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4
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Margin
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Loan amount
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Margin
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Upto Rs.7.50 Lakh
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NIL
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Above Rs. 7.50 Lakh & up to Rs.20 Lakh
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5%
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5
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Reimbursement of fee (for 1st year students)
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i. Admission acceptance fee (AAF)
As per the admission procedures, the student has to pay AAF to the institute within a short period of 15 days to confirm the selection. After this payment, the student approaches us for loan. In such cases, where the student has paid AAF to confirm the admission, he/she can be reimbursed the same once the loan is sanctioned (within the overall limit of Rs.20 Lakh) on production of original receipt and after adjusting the margin requirement. However, loan should not be disbursed for payment of AAF.
ii. Term fee
If the student has paid the first term fee and approaches us for loan along with reimbursement of the fee paid, then the same is permitted on production of original receipt. If the student approaches us during the subsequent terms along with request seeking reimbursement of previous terms fee, then the same is permitted on production of original receipt. If there is a delay in sanctioning of loan by the field functionaries, and the borrower temporarily arranges for the funds to pay the term fee, then the same is permitted to be reimbursed to the student, upon request and on production of original receipt.
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6
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Mess charges
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In cases where the mess charges are not mentioned/ indicated in the fee structure provided by the institute, then Branches to sanction an amount of upto Rs.5000 (maximum) per month towards the mess charges. In cases where the mess charges are included in the fee structure, then it will be sanctioned as mentioned. The mess charges will be allowed within the overall limit of Rs.20 Lakh.
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7
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Living expenses
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8
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Student exchange programme
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The Institute releases the list of students going abroad on Student-Exchange Programme at the end of 1st year. Hence, the student may not know whether or not he is eligible for the said programme at the time of sanction of loan. The sanctioning authority can consider loan for the student exchange programme at the time of initial sanction or later on when the student gets to know that he has been selected. The expenses to be considered are tuition fee payable at the institute abroad along with lodging & boarding expenses, travel expenses for passage abroad and living expenses as mentioned above. The student-exchange programme expenses will be allowed within the overall limit of Rs.20 Lakh. Loan to be disbursed only after obtaining proof of selection of the student. A copy of original receipt to be kept on records after completion of the programme.
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9
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Interest rate
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Male
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EBLR + 1.75% (floating)
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Female / SC / ST / Minority
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EBLR + 1.25% (floating)
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NOTE: -
EBLR prevailing on the date of disbursement (whether partial or full) shall be applicable. The External Benchmark shall be reset at least once in three months or any other frequency as prescribed by Bank / RBI. The spread will remain fixed for 3 years for the borrower. The first reset will be 3 years from the date of sanction and subsequent resets will be every 3 years from the last reset date. The premium component will remain fixed till maturity of the loan. If loan is taken over by another bank/FI, then normal rate of interest, as applicable on the date of sanction, to be charged ab-initio. However, no take over charge to be levied. Servicing of interest during course/moratorium period is optional.
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10
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Processing charges
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Nil
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11
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Repayment period
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15 years (180 months).
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12
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Moratorium period
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Course period + 1 year
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13
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Co-applicant
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Either of the parents / spouse (or guardian in case both parents are not alive) to join in as co-applicant. Minimum CIC score of the co-borrower/guarantor should be 700. CIC score of -1 can be accepted for co-borrower/guarantor. Parent’s or spouse’s income/means need not be reckoned for sanctioning the loan.
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14
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Security
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Loan Amount
(in Rs.in Lakh)
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Security
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Upto 4.00
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No security is required.
However, loan has to compulsorily covered under CGFSEL.
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>4.00 to 7.50
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Suitable third party guarantee acceptable to the bank to be taken.
OR
Loan to be covered under CGFSEL
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>7.50 to 20.00
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Obtaining collateral security is not mandatory. However suitable third-party guarantee with adequate means (i.e. minimum equivalent to loan amount) acceptable to bank to be taken for loan above Rs.7.50 lakh. However, if collateral security is offered by the applicant incentives like waiver of margin are applicable. Collateral coverage of the loan will be decided on principal loan amount and interest accumulation during course and moratorium period. The property offered as security should be in the name of borrower / co-borrower or other immediate family members (mother/ brother/ sister/ spouse).
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15
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Insurance
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Term life insurance policy to be obtained & assigned in favour of the bank. The policy should be in the name of student, for an amount not less than the loan amount and for the tenure covering course, moratorium and repayment period.
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16
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Other Terms & Conditions
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17
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Loans to students in subsequent years
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The loan can also be granted to the students, who seek a loan in the subsequent years / terms (i.e. academic year 2021-22 onwards) and who have not availed educational loan from other bank / FI for the initial years. The fee for earlier years / terms and laptop/desktop expenses would not be reimbursed. The loan will include tuition fees, cost of books, hostel charges, mess charges, living expenses, insurance premium, student exchange programme etc. required that academic year / term onwards. All other terms & conditions as mentioned in Para (3), (4), (6) to (16) above shall apply equally in this case also.
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