NEW PROVISION FOR THE EDUCATION LOAN BY THE STATE BANK OF INDIA FOR CA STUDENTS FOLLOWING IS THE PROVISION STUDENT LOAN SCHEME

HEY ALL STUDENTS THERE IS A NEW PROVISION FOR THE EDUCATION LOAN BY THE STATE BANK OF INDIA FOR CA STUDENTS FOLLOWING IS THE PROVISION STUDENT LOAN SCHEME Our Student Loan scheme covers courses like ICWA, CA, CFA, etc. However, many students are not availing education loan for chartered accountancy course. We have now received a request from 'The Institute of Chartered Accountants of India' (ICAI), which is a statutory body set up under an Act of Parliament viz. The chartered Accountants Act, 1949, to consider the loan applications of the students entering into its chartered accountancy course.

Thus, loans to student entering into the chartered accountancy course conducted by ICAI only may be considered under Student Loan Scheme. A maximum loan of Rs, 2 lacs may be sanctioned based on the following expenses: S.No. Particulars Amount (in Rs.) 1. Course Fee 42,450/- 2. Provision of Laptop 40,000/- 3. Expenditure on Live Virtual Classes 50,000/- 4. Six weeks residential course (optional) 40,000/- The loan can be distributed in the following manner: 1. On registration for CPT- 10% of the sanctioned amount i.e. maximum20,000/- 2. On registration for IPCC- 30% of the sanctioned amount i.e. maximum60,000/- 3. On registration for final- 60% of the sanctioned amount i.e. maximum Rs1,20,000/-