Central Bank of India Bank Loan

Central Bank of India (CBI) presents the Skill Development Loan. The loan is being provided to pay for training in TalentSprint, an NSDC-partner institute. This CBI initiative with TalentSprint is to support young graduates of India looking to get skill development training, in order to get a fresher job and start their career.

CBI CMD S Sridhar said, “There is a huge shortage of skilled manpower in the country. Taking a step in this direction and in order to bridge the gap, we have planned to finance students who are seeking courses in vocational training institutes supported by NSDC.”

CBI also said that depending on the success the program with TalentSprint, they would be extending this loan facility to other vocational training institutes as well.

The maximum loan amount is 90% of the course fee and the amount will be paid directly to the institute. Repayment will start within 3 months of getting a job or after 6 months, whichever is earlier.

If you fulfill these criteria, you are eligible to apply for a loan:

• Indian national.
• Unemployed.
• Between the ages of 18-30.
• Minimum 45% marks in the previous qualifying exam.
• You will have to provide your previous school employer’s certificate.