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WBMDFC Education Loan 2015-16 Apply Now

West  Bengal Minority Development & Financial Corporation, The WBMDFC invites online applications at www.wbmdfc.net  for education loan for the year 2015-16 from students belonging to

Minority Communities (i.e. Muslim, Christian, Buddhist, Sikh and Parsee) who are pursuing Technical / Professional courses at Under Graduate / Post Graduate level or short term courses under recognized Institutes of West Bengal and other states of India.

The Eligibility Criteria are as follows:

1.       He/ She must be the citizen of India and domicile of West Bengal.
2.       His/ Her annual family income should not exceed Rs 81000/- in rural areas and Rs.103000/- in urban areas.
3.       He/ She should have obtained minimum 50% marks in the last final examination of the Board/ University.
4.       His/her age should not more than 32 years.
5.   An interest @3% per annum will be applicable.

General Terms & Conditions:

1.       The eligible students are to apply Online at www.wbmdfc.net  and after finalizing print out a hard copy.
2.       Students are required to submit duly signed the printed version of their online applications to their respective institutes for verification of information given in the online application. The hard copy of the online application is to be handed over to the students duly certified by the head of the respective institute for onward submission to WBMDFC’s Head Office.

3.       CBS Bank Account opened jointly in the name of student and parent or legal guardian, if selected.

4.       Eligible students are required to provide eligible guarantors and execution of other documents, if selected.

5.       The hard copy of the online application will be submitted duly signed by the Institute along with under noted documents.

       (i)    Fees structure, &, bonafide certificate from college and age proof of the eligible student
       (ii)  Annual family Income Certificate from MP/MLA/SDO/ BDO/Pradhan/Councilor or Chairman of the concerned Municipality.
       (iii)  Self Attested copy Marks Sheet of the last qualifying examination of the Board/ University.

6.       Last Date of submission of hard copy of online  application is 15th July  2015  to 31st Oct 2015    
         

Rate of Education Loan:

 Rs.2,50,000 maximum for 5 year Course
.
 Rs.50,000 maximum a year

 One Installment per year

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