Fed Scholars

Key Features

Fed Scholars loan will provide financial support to deserving and meritorious students for pursuing various regular courses in select premier institutes.


Loan up to Rs.20 Lakhs  without any collateral security
No repayment during Moratorium period
Repayment period of 15 years.
Subsidy available for eligible students
Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed)  can be considered
No processing Fee

How to apply

Who can apply?

  1. Applicant should be an Indian National
  2. Applicant shall have secured admission to any of these select institutes
  3. Management Quota seats shall not be considered under the scheme.

To avail the loan, you can choose any of these:

  1. Call our contact centre executives
  2. Please visit any of our branches
  3. Apply through Vidya Lakshmi Portal and contact branch with Application ID

Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Offer letter / Admission letter
  • Basic Qualification & mark-list
  • Proof of Fees structure

Interest Rates

Please visit the Interest Rates page for details.

During moratorium period only simple interest will be charged.

Terms & Conditions

To deserving and meritorious students for pursuing various regular courses at listed Colleges.


  • Nil up to Loan amount of  Rs 10L
  • 5% for loans above Rs 10L


Loan Period

Total Loan period = Moratorium Period (course period + maximum 1 year) + maximum 15 years.



Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed) can be considered subject to the submission of Documentary evidence.



Spouse /Parent /parents-in –law/ Guardian/close relatives should join the loan documents as joint borrower/guarantor.




List of Eligible Institutes

S. No Name of the institution eligible under the scheme
1 All India Institute of Medical Sciences (AIIMS), Delhi
2 Armed Forces Medical College (AFMC), Pune
3 Bangalore Medical College (BMC), Bangalore
4 Birla Institute of Technology & Sciences(BITS) - Pilani
5 BITS (Pilani) Goa Campus
6 Christian Medical College (CMC), Ludhiana
7 Christian Medical College (CMC), Vellore
8 Department of Industrial & Management Engineering, IIT Kanpur
9 Dept of Management Studies, IIT, Delhi
10 Indian Institute of Foreign Trade (IIFT), Delhi
11 Indian Institute of Foreign Trade (IIFT), Kolkata Campus
12 Indian Institute of Management(IIM), Ahmedabad
13 Indian Institute of Management(IIM), Kashipur
14 Indian Institute of Management(IIM), Ranchi
15 Indian Institute of Management(IIM), Rohtak
16 Indian Institute of Management(IIM), Udaipur
17 Indian Institute of Management(IIM), Bangalore
18 Indian Institute of Management(IIM), Indore
19 Indian Institute of Management(IIM), Kolkata
20 Indian Institute of Management(IIM), Kozikode
21 Indian Institute of Management(IIM), Lucknow
22 Indian Institute of Management(IIM), Raipur
23 Indian Institute of Technology , Kanpur
24 Indian Institute of Technology , Mandi
25 Indian Institute of Technology , Patna
26 Indian Institute of Technology , Roopnagar
27 Indian Institute of Technology , Roorkee
28 Indian Institute of Technology, Bhubaneshwar
29 Indian Institute of Technology, Chennai
30 Indian Institute of Technology, Delhi
31 Indian Institute of Technology, Gandhinagar
32 All India Institute of Medical Sciences (AIIMS), Bhopal Campus
33 All India Institute of Medical Sciences (AIIMS), Raipur Campus
34 Indian Institute of Technology, Indore
35 Indian Institute of Technology, Kharagpur
36 Indian Institute of Technology, Guwahati
37 Indian Institute of Technology, Mumbai
38 Indian School of Business(ISB), Hyderabad
39 Indian School of Business(ISB)-Mohali Campus
40 IT BHU , (IIT Varanasi) Banaras
41 Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry
42 Kasturba Medical College (KMC), Manipal
43 King Edward Medical College (KEMC), Mumbai
44 Marine Engineering & Research Institute, Kolkata
45 Madras Medical College (MMC), Chennai
46 Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
47 S P Jain Institute of Management and Research (SPJIMR), Mumbai
48 SJSOM, IIT – Mumbai
49 Xavier Institute of Management (XIM), Bhubaneswar
50 Xavier Labour Relations Institute (XLRI), Jamshedpur


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