Infrastructure Development: Fund the construction or renovation of classrooms, laboratories, and administrative offices to enhance the learning environment.
Technology Upgrades: Purchase modern educational technology and equipment, such as computers, projectors, and smart boards, to facilitate innovative teaching methods.
Operational Costs: Cover day-to-day operational expenses, ensuring the institute runs smoothly and efficiently etc.
Security
Primary Security: The primary collateral is typically the property (land and buildings) owned by the educational institute.
Mortgage: The property, whether land or building, is mortgaged to the bank to secure the loan.
Eligibility
Entity Type: The borrower must be a registered educational institution, such as a school, college, university, or vocational training centre.
Operational History: The institution should have been operational for a minimum of 3-5 years and have a stable financial track record.
Purpose of Loan: The loan must be used for the construction, renovation, expansion, or improvement of educational facilities.
