What categories of students are eligible to apply for this education loan if they are residents of Delhi?

Students belonging to Scheduled Caste, Scheduled Tribe, Other Backward Classes, Minorities, and Persons with Disabilities who are residents of Delhi are eligible to apply.

What is the maximum annual family income limit to be eligible for this education funding?

The annual income of parents/guardian should be below ₹5,00,000/- (Rupees Five Lakhs only), which must be proven through an income certificate issued by the Office of the Sub-Divisional Magistrate.

What kind of educational institutions are considered eligible for this funding program?

The college/institute should be a recognized/Government Technical Institution anywhere in India that has been offering the course for at least the last three years and is recognized by Central/State Government or authorities like UGC, AICTE.

Is there a maximum duration limit for the course I want to pursue under this funding scheme?

Yes, the duration of the course shall not exceed 5 years to be eligible for this education loan.

What is the maximum loan amount I can get if I want to study within India?

For studies in India, the maximum loan amount available is ₹7,50,000/-.

If I plan to study abroad, what would be the maximum loan amount I could apply for?

For studies abroad, the maximum loan amount available is ₹15,00,000/-.

What academic documents do I need to provide when applying for this student loan?

You need to provide a copy of the mark sheet of your last examination based on which you have obtained admission in the present/particular course.

How many photographs do I need to submit with my education loan application?

You need to submit four passport-size photographs each of the borrower, co-borrower, and guarantor, plus one full-size photograph of the borrower if you belong to the Persons with Disabilities category.

What banking information do I need to provide as part of my application process?

You need to provide statements of bank accounts for the last six months of both the borrower and co-borrower, along with signature identification from the bank.

Do I need to contribute any amount from my side when taking this education loan?

No promoter's contribution is required up to ₹4.00 lakh loan; however, for loans above ₹4.00 lakh, you need to contribute 5% for education in India and 15% for education abroad.

What options do I have for providing security for my education loan?

You can either provide a guarantor, or original collateral security in the form of NSC/KVP/FDR with a letter of lien in favor of DSFDC, or original property documents for mortgage.

Education Loan Scheme - Delhi – Eligibility & How to Apply

Q: Do I need to provide proof that I haven't taken similar funding from other sources?

Yes, you need to submit an affidavit stating that no loan has been availed from any Government Agency for the same purpose.

By Expertie Editorial Team · Expertie editorial desk

Overview

About ELS-DELHI

The Education Loan Scheme is a State scheme of the Government of NCT of Delhi that helps students from Scheduled Caste, Scheduled Tribe, Other Backward Class and Persons with Disabilities backgrounds pay for professional and technical courses. It is run by the Delhi SC/ST/OBC/Minorities and Handicapped Financial and Development Corporation Ltd. (DSFDC), a state financing body set up in 1983 to mobilise credit for these communities in the capital.

The assistance is a loan rather than a grant. It covers recognised professional and technical programmes studied in India or abroad, and is repaid over a fixed term after the course ends. Because it is a loan, the amount has to be paid back on the terms DSFDC sets.

To qualify you need to be a permanent resident of Delhi from one of the eligible categories, have an annual family income below Rs 5,00,000, and have secured admission to a recognised institution. DSFDC handles the loan schemes and application forms through its zonal offices in Delhi.

Sources: Education Loan Scheme, Delhi - myScheme · About Us - Delhi SC/ST/OBC/Min. & Handicapped Finance & Development Corp. Ltd. (DSFDC) · Education Loan Scheme - Delhi (YouthPower India)

Who runs it

Provider

Delhi State Government

State / UT Government

Social Welfare Department

At a glance

Key details

Level	State/ UT
Scheme type	—
Category	Education & Learning, Social welfare & Empowerment
Beneficiaries	Individual
Benefit type	Cash
Application mode	Offline

Calendar

Important dates

Across all open application cycles.

Important dates by cycle
Cycle	Stage	Date

Who can apply

Eligibility criteria

The applicant must be a permanent resident of Delhi.
The applicant should be from one of the following target groups - Scheduled Caste, Scheduled Tribe, Other Backward Class, Minority, Persons with Disability.
The annual income of parents/guardian should be below ₹5,00,000/-.
The applicant must have secured admission in a recognized/Government/Technical Institution in India or abroad.
The College/Institute should have been offering the course for the last three years.
The College/Institute should be recognized by the Central/State Government or by appropriate authorities such as UGC (University Grants Commission), AICTE (All India Council for Technical Education), etc.
The duration of the course should not exceed 5 years.
Post Sanction Eligibility for the Borrower
The borrower must not participate in any unlawful activity that would debar them from pursuing studies and must follow all rules and regulations laid down by the educational institution.
The borrower must not enter into any pecuniary obligation or financial liability during the currency of the loan.
The borrower must strive to secure suitable employment after completing the course and furnish full particulars of such employment, including income details, to DSFDC.

What you get

Award & benefits

Need-based finance with a ceiling of ₹7,50,000/- for studies in India.
Need-based finance with a ceiling of ₹15,00,000/- for studies abroad.
_No promoter’s contribution required for loans up to ₹4,00,000/-._
_For loans above ₹4,00,000/-, 5% contribution is required for studies in India and 15% for studies abroad._
_Loan repayment period is up to 10 years after the commencement of repayment or until the date of employment, whichever is earlier._
_The applicant has the option to repay the loan earlier if desired._

What to prepare

Documents required

Copy of Aadhaar Card of Borrower (Applicant), Co-Borrower (Parents/Guardian), and Guarantor.

Copy of Income Certificate issued by the Office of the SDM Concerned or Copy of Form No. 16 of Co-Borrower.

Copy of Mark Sheet of the Last Examination on the Basis of Which the Applicant Has Obtained Admission in the Present/Particular Course.

Four Passport Size Photographs of the Borrower, Co-Borrower, and Guarantor, and One Full-Size Photograph of the Borrower (In Case the Applicant Belongs to PwD Category).

Copy of Birth Certificate/Age Proof.

Copy of Caste Certificate for SC/ST/OBC Issued by the Concerned Area SDM/DC and Affidavit in Case of Minority Category. For PwD Category, a Disability Certificate (40% or More) Issued by the Medical Board of a Government Hospital, Delhi, is Required.

Affidavit Stating That No Loan Has Been Availed from Any Government Agency for the Same Purpose.

Copies of Letter Confirming Scholarship, Freeship, Studentship, If Any.

Proof of Admission to the Recognized Course/Institute.

Copy of Schedule of Payment for the Courses or Demand Notice from the Institution/University.

Copies of Foreign Expenses Permit (If Applicable).

Statement of Bank Account for the Last Six Months of the Borrower and Co-Borrower.

Signature Identification of Borrower and Co-Borrower from the Bank.

Statement of Assets and Liabilities of Borrower/Co-Borrower.

Copy of Acceptance of Sanction-Cum Agreement Letter.

Execution of Guarantee Deed.

Execution of Hypothecation Deed.

Affidavit of Legal Heir.

Affidavit of Personal Guarantee by Borrower and Co-Borrower.

ECS (Electronic Clearing Service)/Post-Dated Cheques.

Processing Fee of ₹350/-.

Two Witnesses Along with Copy of ID Proof.

Copy of Last Year Result of Student.

Undertaking for Non-Closing of Bank Account Till the Completion of Repayment.

Documents Required in Respect of the Guarantor:

Copy of Aadhaar Card/Election Card/Passport.

Copy of Identity Card from Employer.

Original Latest Pay Slip and Form 16.

Copy of Age Proof of Guarantor(s).

04 Passport Size Photographs.

Affidavit of Guarantor(s).

5 Post-Dated Cheques (PDC) from the Guarantor(s) in Case the Loan is Above ₹2,00,000/-.

Copy of Guarantor(s) Undertaking to Stand as Guarantor/Surety.

OR Original Collateral Security in the Shape of NSC (National Savings Certificate)/KVP (Kisan Vikas Patra)/FDR (Fixed Deposit Receipt) and Letter of Lien in Favour of DSFDC.

OR Original Documents of Property for Mortgage, in Case the Applicant Wishes to Give Collateral Security of Property, with Complete Chain of Documents.

Step by step

How to apply

1
Apply offline
See the official links below for the application portal.

Source

Official links

Guidelines Application Form myScheme (Government of India)

Questions

ELS-DELHI – FAQ

Disclaimer

Scheme details are compiled from myScheme, the Government of India’s official scheme-discovery platform, and are reproduced without alteration. Amounts, deadlines and eligibility change between cycles — always confirm on the official links above before applying. Expertie does not process applications or charge fees.

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Education Loan Scheme - Delhi(ELS-DELHI)