IITBBS Vidyalaxmi Interest Free Loan Scheme 2018-19 : Indian Institute of Technology Bhubaneswar

Organisation : Indian Institute of Technology Bhubaneswar
Scholarship Name : Vidyalaxmi Interest Free Loan Scheme 2018-19
Application For : All the Students
Application Last Date : 05-10-2018
Website : http://www.iitbbs.ac.in/index.php

IITBBS Vidyalaxmi Interest Free Loan Scheme

Applications in the prescribed form of State Bank of India are invited from the students of 1st year, 2nd year and 3rd year undergraduate programme for interest free loans under the Vidyalakshmi Scheme for the tuition fee payable for the session 2018-19.

Related : IITBBS Central Sector Scholarship Scheme for ST Students Fresh/Renewal 2018-19 : www.scholarships.net.in/24623.html

Who Can Apply?

This facility shall be made available to all the students whose household income does not exceed Rs. 9 lakh per annum

How to Apply?

Step 1 : Eligible students are advised to fill the State Bank of India Education Loan Application Form, Opinion Form, and Affidavit given in the Institute website.

Download Application Form :
https://www.scholarships.net.in/uploads/pdf2018/27216-Form.pdf

Step 2 : Hard Copy of the Application Form duly enclosing all the relevant documents / Annexures, as stated above, be submitted to Academic Section on or before 5th October, 2018

Note :
The Application Form and other required documents must be signed by both student and his/her guardian otherwise it will be treated as cancelled.

Documents Required

Following Documents To Be Submitted Along With Vidyalakshmi Scheme Application For 2018-19 For Different Classes Of Guardians’ Occupation.

(1) For Salaried Class :
a) Salary Certificate for the Financial Year 2017-18 (from 01.04.17 to 31.03.18) in prescribed Form ‘A given in Annexure-Il duly sealed/stamped by the Salary Disbursing Officer.

b) Attested Copy of IT Form 16 to be issued by employer along with ITR for the year 2017-18 (Assessment Year 2018-19) duly acknowledge by concerned Income office.

C) Attested Copy of Income Certificate from local District Authorities like S.D.O./ B.D.O./M.R.O./TAHASILDER/ Chairman/Executive Officer of Municipal Corporation etc. in addition to the documents as stated above.

2) For Non-Salaried Class :
a) An Annual Income Affidavit for the financial year 2017-18 in a Non-Judicial Stamp for Rs. 100/- sworn in before preferably a First Class Magistrate / Notary Public as per the format given in Form -“B” (Annexure III).

b) Attested copy of Income Certificate from local District Authorities like S.D.O./ B.D.O./M.R.O./TAHASILDER/ Chairman/Executive Officer of Municipal Corporation etc. in addition to Income Affidavit and other documents.

3) For Pensioners/Family Pensioners :
a) Annual Pension Payment Certificate for the year 2017-18 in prescribed For ‘C’ given in Annexure IV to be issued by the Pension Disbursing Officer.

b) An Income & Non-employment Certificate from local District Authorities like S.D.O. /B.D.O./ M.R.O./ TAHASILDER, Chairman/ Executive Officer of Municipal Corporation etc. for the year 2017-18 also to be submitted in addition to other documents .

c) Copy of PPO, Superannuating/Retirement/Termination letter and attested copies of I.T. Documents, if any.

Guidelines

** The terms of the loan shall be in accordance with the broad contours of the Educational Loan Scheme of the Indian Bank’s Association for pursuing Technical/Professional Education studies in India.

** The term of the loans sanctioned under this dispensation shall be 10 years.

** The subvention of interest (on equated basis) shall be applicable for a maximum period of 4 or 5 years (which may be include a one year moratorium).

** After the expiry of the above period, the interest on the outstanding loan amount shall be paid by the students, in accordance with the provisions of the existing educational loan scheme of the Banks and as may be amended from time to time.