The Education Loan Scheme by DSFDC (Delhi SC/ST/OBC/Minorities and Handicapped Financial Development Corporation Ltd.) is a government initiative to empower students from marginalized and economically weaker sections in Delhi. This scheme offers need-based financial assistance to students belonging to Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), Minorities, and Persons with Disabilities (PwD) for pursuing professional and technical courses in India and abroad.
The loan scheme ensures that deserving students are not held back due to financial constraints, offering maximum loan limits of ₹7.5 lakh for Indian institutions and ₹15 lakh for studies abroad, with flexible repayment options.
Benefits
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Loan up to ₹7.5 lakh for professional and technical courses within India.
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Loan up to ₹15 lakh for education abroad.
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No promoter contribution is required for loans up to ₹4 lakh.
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For loans above ₹4 lakh:
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5% contribution to studies in India.
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15% contribution for studies abroad.
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Repayment period of up to 10 years after course completion or until employment, whichever is earlier.
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Option for early repayment available to the borrower.
Eligibility Criteria
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Permanent resident of Delhi.
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Must belong to one of the following categories: SC/ST/OBC/Minority/PwD.
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Annual family income should be below ₹5 lakh.
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Should have secured admission to a recognized Government or Technical institution in India or abroad.
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The institution must have offered the course for at least 3 years.
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The course duration must not exceed 5 years.
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Institutions must be recognized by UGC, AICTE, or equivalent authorities.
Application Process
The Application for SC/ST/OBC, Minority & PwD Students Education Loan for Higher Studies can applied through the offline mode only.
Step 1: Get the Application Form
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Visit any of these DSFDC offices for a free form:
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2-Battery Lane, Rajpur Road, Delhi-54.
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A-33-38, B-Block, Lal Building, Opp. Police Station, Mangol Puri, Delhi.
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A-Block, 1st Floor, Bunker Vihar, Opp. Gagan Cinema, Nand Nagri, Delhi.
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Or download the application form from the DSFDC Official Website.
Step 2: Fill in the Form
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Use black ink and fill carefully.
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Paste a passport-sized photo and attach all required self-attested documents.
Step 3: Submit the Application
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Submit to:
The Deputy Manager (Education Loan)
Room No. 208, 2nd Floor, Ambedkar Bhawan, Sector-16, Rohini, Delhi-89. -
Bring original documents for verification during submission.
Documents Required
Pre-Sanction (With Application)
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Aadhaar Cards of Borrower, Co-Borrower & Guarantor.
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Income Certificate from SDM or Form 16 of Co-Borrower.
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Last exam mark sheet (based on which admission was granted).
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4 passport-size photos each of Borrower, Co-Borrower & Guarantor.
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1 full-size photo (if PwD category).
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Birth certificate or age proof.
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Caste certificate (SC/ST/OBC) from SDM/DC or Minority affidavit.
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Disability certificate (if applicable – 40% or more from a govt. hospital).
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Affidavit stating no other loan has been taken.
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Scholarship/freeship/studentship confirmation letter (if any).
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Proof of admission and course details.
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Payment schedule or demand notice from the institution.
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Foreign expenses permit (if applicable).
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Last 6 months bank statement of Borrower and Co-Borrower.
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Signature verification from the bank.
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Statement of assets and liabilities.
Post-Sanction Documents
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Signed sanction-cum agreement letter.
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Guarantee deed and hypothecation deed.
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Legal heir affidavit.
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Personal guarantee affidavit.
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ECS/post-dated cheques.
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₹350 processing fee.
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ID proof of 2 witnesses.
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Previous year’s academic result.
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Undertaking to maintain bank account until loan repayment is complete.
Guarantor Documents
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Aadhaar/Voter ID/Passport.
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Employer ID card.
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Latest pay slip and Form 16.
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Age proof.
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4 passport-sized photos.
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Guarantor affidavit.
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5 PDCs (if loan > ₹2 lakh).
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Guarantor undertaking OR:
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NSC/KVP/FDR with a lien in DSFDC’s favor
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Property mortgage documents with full ownership chain.
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Frequently Asked Questions (FAQs)
Q: Who can apply for this education loan scheme in Delhi?
Students belonging to SC, ST, OBC, Minority, or PwD categories who are permanent residents of Delhi.
Q: What is the income limit for eligibility?
The annual family income must be less than ₹5,00,000.
Q: What type of educational institutions are accepted?
Recognized institutions offering professional/technical courses approved by UGC, AICTE, or equivalent bodies.
Q: Is there a course duration limit?
Yes, the course duration should not exceed 5 years.
Q: What is the maximum loan amount for studying in India?
Up to ₹7.5 lakh.
Q: What is the maximum loan amount for studying abroad?
Up to ₹15 lakh.
Q: What academic records are needed during application?
The mark sheet of the last qualifying exam is used for current admission.
Q: How many photos are needed for the application?
4 passport-sized photos of Borrower, Co-Borrower & Guarantor, and 1 full-size photo for PwD applicants.
Q: Is it necessary to declare that no other education loan was taken?
Yes, an affidavit stating no other loan has been availed is required.
Q: What banking documents are required?
Last 6-month bank statement, signature verification, and post-dated cheques.
Q: Do I need to pay anything upfront for the loan?
No contribution for loans up to ₹4 lakh. For higher loans, a small contribution is needed (5% or 15% based on location).
Q: What collateral/security options are available?
Guarantor’s documents, NSC/KVP/FDR, or property mortgage with document chain.
Contact Information
Delhi SC/ST/OBC/Minorities & Handicapped Financial Development Corporation (DSFDC)
📍 Room No. 208, 2nd Floor, Ambedkar Bhawan, Sector-16, Rohini, Delhi-110089
📞 Phone: 011-27574521 / 011-27574377
🌐 Website: http://www.dsf.dc.delhi.gov.in
