Page 76 - SW PROJECT

I. Eligibility:

1. The loan shall be granted to women members of Minority communities/backward classes as
notified by the central Govt. and state Govt. from time to time
2. The applicant should be in the age group of 16-32 years
3. The annual family income of the applicants family should be below the poverty line ie.Rs.55,000/-
in urban areas and Rs.40,000/- in rural areas.
4. The applicant should have obtained admission for any of the professional course.
5. Priority will be given to physically impaired and dependant of war widows.
II. Courses Covered
1. The professional course of the study should have good potential in the job market.
2. The Duration of the course will not exceed 4-5 years; however shorter duration course may
be preferred.
3. The college/Institute should have been offering the course for the last three years and should
be recognized by the Govt. at the Central/State Govt. or by appropriate a such as AICTE etc.
III. Purpose of Loan
Loan will be admissible for expenditure on the following items:
1. Admission fee and Tuition fee

2. Cost of books, stationery and other instruments required for the course
3. Examination fee
4. Boarding and Lodging Expenses
The expenditure shall be provided through institute /college only. No assistance will be provided
directly to the candidates.
IV. Maximum Loan amount
1. For Minority communities
The loan amount will be limited to actual expenditure, subject to a maximum loan limit of Rs.2.50
lakhs/per beneficiary and Ra.50,000/- p.a per beneficiary.
2. For Backward Classes

The loan amount will be limited to actual expenditure, subject a maximum of loan limit of Rs.5
lakh per beneficiary at Rs.1,25,000/- p.a per beneficiary

V Rate of Interest
1. Minority communities-3% p.a
2. Backward communities-4% p.a

VI. Repayment period
Repayment of principal loan amount shall start after 3 months on getting a job or 6 months after
completion of the course whichever is earlier. During repayment holiday, the interest shall be paid at
every calendar half year ie. by the end of June and December. The entire loan shall be repaid within
a reasonable period not exceeding 5 years ie, in 60 equal monthly instalments.

In case candidates discontinues the studies due to any reason whatsoever, the loan with interest
would become repayable immediately in full or in instalments as decided by the KSWDC.

70 കേരള സംസഥന ആസത്ണ ക�ഥർഡ്