Education Loan Against Property Through Nai Udaan Scheme - Application Procedure & Eligibility Criteria

Nai Udaan Scheme is an initiative to provide financial support to meritorious students who are economically weak and hail from backward classes. It is a flagship plan initiated with an objective to promote education in India.

The monetary aid is meant to assist the candidates with resources that are required for clearing examinations UPSC.

The steps to apply for study loan through this scheme are explained below:

• Candidates have to visit the official portal of Nai Udaan.
• Candidates have to fill up the application form accurately by entering their valid email address and registered phone number.
• The candidates will be provided with a password in their registered phone number.
• They will have to log-in using their ID and password, after which they will have to scan and upload the necessary documents. 
• After the completion of the application process, the candidate will have access to all the resources available under the Nai Udan Scheme. 

Eligibility Criteria for Nai Udan Scheme

Students from backward classes can avail education loan against property in India through this scheme only after qualifying for the minimum criteria mentioned below:

• The candidate should hail from any one of the minority communities.
• The annual income of the family should not be more than Rs. 6 Lakh. 
• Student loans in India under this scheme will be availed by only one member of the family who is preparing for the main examination of the Union Public Service Commission and has already cleared the prelims with a good rank. 

In case students fail to meet the eligibility criteria pertaining to this scheme, they can avail loan against property from any financial institution that offers competitive interest rates along with several borrower-friendly benefits.

Additional Read: Education Loan Against Property Calculator