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Your results are here!! for" Concessional Education Loan "
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Question 1 of 10
1. Question
What is the minimum percentage of disability required for a student to be eligible for the Concessional Education Loan?
Correct
The loan is available to students with 40% or more disability, supported by a valid disability certificate issued by an empowered authority.
Incorrect
The loan is available to students with 40% or more disability, supported by a valid disability certificate issued by an empowered authority.
Unattempted
The loan is available to students with 40% or more disability, supported by a valid disability certificate issued by an empowered authority.
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Question 2 of 10
2. Question
Who should issue the disability certificate for eligibility under the scheme?
Correct
The disability certificate must be issued by an authority empowered to issue such certificates under applicable Central, State or UT Government statutes, notifications or orders.
Incorrect
The disability certificate must be issued by an authority empowered to issue such certificates under applicable Central, State or UT Government statutes, notifications or orders.
Unattempted
The disability certificate must be issued by an authority empowered to issue such certificates under applicable Central, State or UT Government statutes, notifications or orders.
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Question 3 of 10
3. Question
What is the maximum cost of a 2-wheeler that can be considered within the overall loan ceiling?
Correct
The cost of a 2-wheeler up to Rs. 50,000 can be considered within the overall ceiling of the loan amount.
Incorrect
The cost of a 2-wheeler up to Rs. 50,000 can be considered within the overall ceiling of the loan amount.
Unattempted
The cost of a 2-wheeler up to Rs. 50,000 can be considered within the overall ceiling of the loan amount.
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Question 4 of 10
4. Question
What is the maximum loan amount available for studies in India under the scheme?
Correct
For studies in India, the maximum loan amount is Rs. 50 lakh, subject to need-based finance and the prescribed margin.
Incorrect
For studies in India, the maximum loan amount is Rs. 50 lakh, subject to need-based finance and the prescribed margin.
Unattempted
For studies in India, the maximum loan amount is Rs. 50 lakh, subject to need-based finance and the prescribed margin.
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Question 5 of 10
5. Question
What is the maximum loan amount available for studies abroad under the scheme?
Correct
For studies abroad also, the maximum loan amount is Rs. 50 lakh.
Incorrect
For studies abroad also, the maximum loan amount is Rs. 50 lakh.
Unattempted
For studies abroad also, the maximum loan amount is Rs. 50 lakh.
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Question 6 of 10
6. Question
What is the maximum repayment period after commencement of repayment under the NHFDC guidelines?
Correct
The maximum repayment period is 10 years after commencement of repayment, in conformity with the NHFDC scheme guidelines.
Incorrect
The maximum repayment period is 10 years after commencement of repayment, in conformity with the NHFDC scheme guidelines.
Unattempted
The maximum repayment period is 10 years after commencement of repayment, in conformity with the NHFDC scheme guidelines.
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Question 7 of 10
7. Question
When does repayment commence as per the repayment schedule?
Correct
Repayment as per the repayment schedule commences one year after completion of the course.
Incorrect
Repayment as per the repayment schedule commences one year after completion of the course.
Unattempted
Repayment as per the repayment schedule commences one year after completion of the course.
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Question 8 of 10
8. Question
What is the applicable rate of interest for the Concessional Education Loan to PwDs?
Correct
The loan carries interest at 4% per annum for loan amounts up to Rs. 50 lakh for studies in India and abroad.
Incorrect
The loan carries interest at 4% per annum for loan amounts up to Rs. 50 lakh for studies in India and abroad.
Unattempted
The loan carries interest at 4% per annum for loan amounts up to Rs. 50 lakh for studies in India and abroad.
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Question 9 of 10
9. Question
What is mandatory irrespective of the loan amount under the scheme?
Correct
Unique Disability ID (UDID) registration under the Department of Empowerment of Persons with Disability (DEPwD), Ministry of S.J. & E., Government of India, is mandatory irrespective of the loan amount.
Incorrect
Unique Disability ID (UDID) registration under the Department of Empowerment of Persons with Disability (DEPwD), Ministry of S.J. & E., Government of India, is mandatory irrespective of the loan amount.
Unattempted
Unique Disability ID (UDID) registration under the Department of Empowerment of Persons with Disability (DEPwD), Ministry of S.J. & E., Government of India, is mandatory irrespective of the loan amount.
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Question 10 of 10
10. Question
How is interest charged during the repayment holiday or moratorium period?
Correct
Simple interest is charged during the repayment holiday or moratorium period.
Incorrect
Simple interest is charged during the repayment holiday or moratorium period.
Unattempted
Simple interest is charged during the repayment holiday or moratorium period.