Vocational Education and Training Loan Scheme 2026: Up to ₹4 Lakh Loan & Eligibility
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Quick answer
The Vocational Education and Training Loan Scheme (VETLS) provides financial support of up to ₹4,00,000 for job-oriented training courses. It is available to eligible youth from the NSKFDC target group who have enrolled in government-recognized skill programs. Candidates can submit their loan applications online through the official NSKFDC portal.
At a glance
| Main benefit | Loan up to ₹4,00,000 at 4% interest |
| Ministry / department | Ministry Of Social Justice and Empowerment |
| Level | Central Government |
| Age | 18–50 years |
| Application mode | Online |
About the scheme
Implemented by the National Safai Karamcharis Finance & Development Corporation (NSKFDC) under the Ministry of Social Justice and Empowerment, this scheme finances up to 90% of expenses for vocational education and skill development programs. It covers tuition, examination fees, books, equipment, and boarding expenses for courses lasting between 6 months and 2 years. Beneficiaries receive loans at a low interest rate of 4% per annum with an additional interest concession for women, repayable over up to 7 years.
Benefits
- Need-based loan covering up to 90% of course expenses
- Maximum loan amount of up to ₹4,00,000 for courses lasting up to 2 years
- Affordable interest rate of 4% per annum for beneficiaries
- Interest rebate of 0.5% per annum for women applicants
- Repayment duration extending up to 7 years
- Covers admission fee, exam fee, caution deposit, books, equipment, lodging, and loan insurance
Who can apply (eligibility)
- Applicant must belong to the target group of NSKFDC
- Applicant must have secured admission in a vocational course run or supported by a Government Ministry/Department, NSDC, or State Skill Mission
- Course duration must be between 6 months and 2 years
- Applicant must attain a minimum age of 18 years on completion of the course
- Upper age limit of the candidate is up to 50 years
Who cannot apply
- Any cost over-run beyond the sanctioned loan amount must be borne by the beneficiary
- Courses shorter than 6 months or longer than 2 years are not covered under the scheme
Documents required
- Aadhaar Card
- Driving License
- Bank Account Details
- Caste Certificate
- Income Certificate
- Domicile Certificate
How to apply
- 1Visit the official NSKFDC portal at nskfdc.nic.in.
- 2Navigate to the 'How to Apply' section available on the homepage.
- 3Select and click on the 'Loan application form' option.
- 4Fill in all the required personal, educational, and financial details accurately.
- 5Click on 'Save' to submit and preserve your online loan application.
Frequently asked questions
What is the maximum loan amount under VETLS?+
The scheme covers up to 90% of course expenses, subject to a maximum limit of ₹4,00,000 for courses of up to 2 years.
What is the interest rate for the vocational education loan?+
Beneficiaries are charged an interest rate of 4% per annum, and female beneficiaries receive an interest concession of 0.5%.
What is the age limit to apply for this scheme?+
The candidate must reach at least 18 years of age upon completing the course, and the maximum age limit is 50 years.
What is the loan repayment period?+
The loan can be repaid over a tenure of up to 7 years.
Which expenses are covered under the loan?+
It covers tuition fees, exam and lab fees, caution deposits, books, equipment, boarding and lodging, loan insurance, and other necessary certified course expenses.
How can one apply for VETLS?+
Eligible individuals can apply online by visiting nskfdc.nic.in, accessing the loan application form under 'How to Apply', and filling in the details.
NaukriZila is not a government website. Apply only on the official portal; never pay anyone to apply for a government scheme. Source: myScheme (Government of India)