Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
              1800 220 229 ,1800 103 1906,
              022 40919191
rect rect
yo You are here path  Retail path Retail-Loan path BOI Vocational Studies  
Pradhan Mantri Kaushal Rin Yojna (Skill Loan Scheme)


    Skill Loan Scheme (herein after called ‘Skilling Loan’) aims at providing a loan facility to individuals who intend to take up skill development courses as per the Skilling Loan Eligibility Criteria.


    1. Training Institutes : Any individual who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by central or State education Boards or in a college affiliated to recognized university, training partners affiliated to National Skill Development Corporation (NSDC)/Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a certificate / diploma / degree issued by such organization as per National Skill Qualification Framework (NSQF) is eligible for a Skilling Loan. The Government of India / State Governments may, from time to time, notify institutes/organizations for the purpose.

    2. Training Courses : Courses run by above mentioned Training Institutes (in 2.1) aligned to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan. There is no minimum course duration.

    3. Nationality :The applicant should be an Indian National

    4. Minimum Age :There is no specific restriction with regard to the age of the student to be eligible for skilling loan. However, if the student is a minor, while the parent executes documents for the loan, the bank will obtain a letter of acceptance/ratification from him / her upon attaining majority

    5. Minimum Qualification : As required by the enrolling institutions/organizations as per NSQF.


    Loans will be in the range of Rs. 5,000/- to Rs. 150,000/-.


    Tuition / course fee, any other reasonable expenditure found necessary for completion of the course including but not limited to assessment fee, Examination fee, Library charges, Laboratory fee, Caution deposit, Purchase of books, equipment’s and instruments
  5. MARGIN :



    1.50% over Base Rate presently 11.45 % p.a. (Floating Rate at monthly rests)




    No collateral or third party guarantee will be taken. However, the parent will execute loan document along with the student borrower as joint borrower.


    Upon completion of the course, repayment will start after a moratorium period as indicated below:

    Courses of duration upto 1 year

    upto 6 months from the completion of the course

    Courses of duration above 1 year

    12 months from the completion of the course


    The loan will be repaid after moratorium period in Equated Monthly Installments (EMI’s) as follows :

    Loans up to Rs. 50,000/-

    Up to 3 years

    Loans between Rs. 50,000/- to Rs. 1.00 lakh

    Upto 5 years

    Loans above Rs. 1.00 lakh

    Upto 7 years


    Optional at the requirement of the borrower.

For further information, you may contact nearest branch of the Bank. Loan at the sole discretion of Bank of India.
May We Reach You ?
Announcement        Start | Stop

Revised Base Rate 9.70% w.e.f 05.10.2015

Outcome of the EGM

Notice to SB Customers

2nd and 4th Saturday OFF

ATM transactions for savings Bank A/c Customers

Notice of the Extra Ordinary General Meeting

Press Release-June 2015

Proceedings of the AGM held on 20.07.15

Notice of Book Closure of AT1 Bond

The press release for March 2015

Green Initiative

Shareholders email registration

Proceedings of Extraordinary General Meeting

Notice for our DEMAT Account Holders

Book closure for bonds

Caution Notice to Customers

Notice for Depository customers

OTP for Internet transactions with credit card

Corporate Social Responsibility

The bank never asks any confidential information to customers such as: ATM card no., credit card no. ATM pin, user id of internet banking, login password, transaction password, account number, etc. If such information is asked over phone or mobile or through email, avoid disclosing such confidential information to the caller. In such cases Customers are requested to bring this to the notice of their parent branch/call centre

As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.

International Card transactions temporarily blocked

To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979

Public Notice for BOI Customer.

Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.

images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect Ac Checker
BOI Vocational Studies