Sikkim Comprehensive Educational Loan Scheme (CELS)

Organisation : Sikkim Department of Personnel, and Reforms, Training, Public Grievances
Scheme Name : Comprehensive Educational Loan Scheme (CELS)
Applicable For : Student belongs to the below-poverty-line family and pursuing professional courses
Applicable State/UT : Sikkim
Website : https://sikkim.gov.in/scheme/scheme-info/30071?Scheme=Comprehensive%20Educational%20Load%20Scheme%20(CELS)

What is Sikkim Comprehensive Educational Loan Scheme?

The State Government launched the Comprehensive Educational Loan Scheme (CELS) for pursuing higher/professional studies in India and abroad with effect from July 2007, SIDICO is the nodal agency for implementation of this scheme and has witnessed commendable success. The students are undergoing courses in engineering, medicine, agriculture, horticulture, hospitality management, commercial pilot, post graduate courses etc.

Related / Similar Scheme : Sikkim Labour Pension Benefit Scheme

Benefits of Sikkim Comprehensive Educational Loan Scheme

** The maximum loan amount is ₹5,00,000/- for full-time professional courses within Sikkim
** The loan amount of ₹7,50,000/- for studies in India, and ₹15,00,000/- for studies abroad.

Note:
In case of discontinuity of studies or the loanee dies, the co-applicant shall be liable to refund the entire amount of the loan within a period not exceeding one year.

Eligibility of Sikkim Comprehensive Educational Loan Scheme

** The applicant should be a student.
** The applicant’s family annual income should not exceed ₹2,50,000/- for studies within India and ₹5,00,000/- for studies abroad.
** The institution where the applicant wants to study, whether in India or abroad, must be recognized by the relevant authority in India.
** Only one member per family shall be considered for the benefit, except in the case of Below Poverty Line (BPL) families.
** Only members of Below Poverty Line (BPL) families will be considered for the study in Sikkim.

Note: Children of Government/Public Sector Undertaking employees are also eligible.

How To Apply For Comprehensive Educational Loan Scheme?

To apply for Sikkim Comprehensive Educational Loan Scheme, Follow the below steps

Step-1: The interested applicant should visit (during office hours) the Sikkim Industrial Development & Investment Corporation and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.
Step-2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step-3: Submit the duly filled and signed application form along with the documents to the Sikkim Industrial Development & Investment Corporation.
Step-4: Request a receipt or acknowledgment from the Sikkim Industrial Development & Investment Corporation to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

Documents Required For Comprehensive Educational Loan

** Income Certificate (certified by the District Collector).
** Admission proof from a recognized institution.
** Affidavit of not being employed.
** Project viability and technical feasibility certification.

FAQ On Sikkim Comprehensive Educational Loan Scheme

Frequently Asked Questions FAQ On Sikkim Comprehensive Educational Loan Scheme

Who is eligible for the Comprehensive Educational Loan Scheme (CELS)?
Children of persons with a gross annual income not exceeding Rs. 2.50 lakhs for studies within India and Rs. 5.00 lakhs for studies abroad, as certified by the District Collector.

Is there a reserved quota for Below Poverty Line (BPL) families under CELS?
Yes, 50% of the total amount is reserved for BPL families. If there are not enough BPL candidates, the reserved amount will be available to other eligible candidates.

Can more than one member of a family apply for the loan?
No, only one member of a family is eligible, except for BPL families.

How are applications for CELS processed?
Applications are processed by the Sikkim Industrial Development and Investment Corporation Ltd., which ensures that all eligibility criteria and necessary formalities are met.