What exactly is the CGFSEL Education Loan Scheme?

Question

Mehar Sinha · Accepted Answer

So, the CGFSEL Education Loan Scheme is basically an initiative by the Indian government to help students pursue higher education. CGFSEL stands for Credit Guarantee Fund Scheme for Education Loans, and it's managed by the National Credit Guarantee Trustee Company Ltd. (NCGTC). The main goal is to provide education loans up to ₹7.5 lakhs without needing any collateral or a third-party guarantee, especially for students from economically weaker sections (EWS). This scheme was launched on September 16, 2015, to make education more accessible.

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