The Credit Guarantee Fund Scheme for Skill Development backs collateral-free loans of up to seven and a half lakh rupees for eligible skill-training programmes. Several state governments run parallel skill-loan schemes that cover ITI fees, NSDC-certified courses, and apprenticeship-linked training.
YouthPower tracks 4 schemes in this category, of which 0 are central government programmes and 4 are state government programmes.
Course must be NSDC- or NCVT-certified, or ITI-affiliated. Most lenders ask for a co-applicant for under-21 borrowers. Repayment usually starts six to twelve months after course completion.
States with the highest number of dedicated state-government schemes in this category are Gujarat, Sikkim, Karnataka.
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