Apply any timeTakes applications all year.
NMDFC education loan
Run by: National Minorities Development and Finance Corporation
Up to ₹20 lakh in India, at 3% or 8% a year depending on income
A low-interest loan for minority students in technical and professional courses. This is a loan you repay, not a scholarship.
Who can apply
- For minority communities
- Family income up to ₹8,00,000
- Starting college this year, In college, Master's degree, ITI or diploma
Papers to keep ready
How to apply
- 1
Apply online on the MILAN portal or through your state's minority finance corporation (in Delhi, DSFDC).
Where this information comes from
Checked on 2026-09-24