Scholarship
Vocational Education and Training Loan Scheme(VETLS)
Overview
About VETLS
The Vocational Education and Training Loan Scheme (VETLS) runs under the Ministry of Social Justice and Empowerment, delivered through the ministry's national finance and development corporations. It is a loan, not a grant: the money is lent on concessional terms so that a young person from a corporation's target group can cover the cost of a vocational course.
Its purpose is to improve the skills and employability of that target group by financing vocational education and training. The loan covers vocational courses of up to two years that are run or supported by a government ministry, department or organisation, or backed by the National Skill Development Corporation or a State Skill Mission, and that lead to a recognised certificate, diploma or degree.
VETLS is routed through State Channelising Agencies. The national corporation lends to a state agency, which then lends to the student and recovers the amount over the repayment period. Because each corporation serves a different community, the eligible target group depends on which corporation administers the scheme, and admission to an approved vocational course is the common starting point.
Sources: myScheme – Vocational Education and Training Loan Scheme (VETLS), Ministry of Social Justice and Empowerment · IndiaFilings – Vocational Education and Training Loan Scheme (VETLS) · TAHDCO (State Channelising Agency) – Vocational Education & Training Loan Scheme (VETLS)
Who runs it
Provider
Ministry Of Social Justice and Empowerment
Central Government
Central Sector Scheme
At a glance
Key details
| Level | Central |
| Scheme type | Central Sector Scheme |
| Category | Banking,Financial Services and Insurance, Education & Learning, Skills & Employment |
| Beneficiaries | Family |
| Benefit type | Cash |
| Application mode | Online |
Calendar
Important dates
Across all open application cycles.
| Cycle | Stage | Date |
|---|
Who can apply
Eligibility criteria
| Eligibility Criteria | The person should be from the target group of NSKFDC. |
| Eligibility Criteria | 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. |
What you get
Award & benefits
- 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.
- 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.
What to prepare
Documents required
Step by step
How to apply
- 1Apply online
See the official links below for the application portal.
Source
Official links
Questions
VETLS – 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.