| Scheme Name | PNB Kaushal – Skill Development Loan |
| Objective | To provide financial support to individuals undertaking vocational training and skill development courses to improve employability and develop necessary skills |
| Eligible Applicant | Indian National |
| Eligible Courses | NSQF-aligned and Non-NSQF-aligned skill courses |
| Training Institutions | Training entities onboarded on the MSDE’s Skill India Digital Hub (SIDH) platform |
| Admission Requirement | Applicant should have secured admission or meet the minimum eligibility criteria for the skill training course |
| Purpose of Loan | Tuition / course fee |
| Other Eligible Expenses | Examination, library and laboratory fees |
| Caution Deposit | Covered |
| Books & Equipment | Purchase of books, equipment and instruments |
| Other Expenses | Any other reasonable expenditure necessary for completion of the course |
| Minimum Loan Amount | ₹5,000 |
| Maximum Loan Amount | ₹7.50 lakh |
| Nature of Finance | Need-based finance, subject to the prescribed maximum limits |
| Margin – Loan up to ₹4 lakh | Nil |
| Margin – Loan above ₹4 lakh | 5% |
| Scholarship / Assistantship | Can be included in the margin |
| Margin Contribution | Can be brought in year-to-year on a pro-rata basis along with disbursements |
| Security | Parent(s)/Guardian as joint borrower |
| Collateral Security | Not required |
| Third-Party Guarantee | Not required |
| Repayment – Loan up to ₹50,000 | Maximum 3 years |
| Repayment – Above ₹50,000 to ₹1 lakh | Maximum 5 years |
| Repayment – Above ₹1 lakh to ₹7.50 lakh | Maximum 7 years |
| Moratorium – Course up to 1 year | 6 months from completion of the course |
| Moratorium – Course above 1 year | 12 months from completion of the course |
| Prepayment Charges | Nil |
| Rate of Interest | As per PNB’s prevailing education/skill loan interest-rate structure |
| Processing Charges / Upfront Fee | As per PNB’s applicable charges |
| Documentation Charges | As per PNB’s applicable charges |
| Key Benefit | Collateral-free and guarantee-free skill-development financing up to ₹7.50 lakh |
| Last Updated | 17 February 2025 |
