PURPOSE

Studies in India: (Indicative list)

• Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
• Courses like ICWA, CA, CFA etc.
• Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
• Regular Degree/Diploma courses like Aeronautical, Aircraft Maintenance Engineering course, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
• Approved courses offered in India by reputed foreign universities.

Note :The above list is indicative in nature. Courses other than the above offered by reputed institutions may also be considered on the basis of employability.

Studies abroad

• Graduation : For job oriented professional/ technical courses offered by reputed universities
• Post graduation: MCA, MBA, MS, etc.
• Courses conducted by CIMA- London, CPA in USA etc.
• Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.
• Skill Loan.

Note :: maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank.

QUATUM OF FINANCE

Studies in India, Abroad ,PSB Excellence Education Loan for premier Institutes – NEED BASED

Skill Loan - Loans will be in the range of Rs. 5,000/- to Rs. 150,000/-

Margin

NIL

SECURITY

NIL

REPAYMENT

Repayment holiday/ Moratorium: Course period + 1 year

PROCESSING CHARGES

NIL

INSPECTION CHARGES

NIL

CREDIT PROTECT INSURANCE ALSO AVAILABLE