Interest-Free Loan Scholarship: Check Eligibility, approval process, amount and details

Introducing the Interest-Free Loan Scholarship by Sakal India Foundation—an organization that has dedicated itself to empowering students through scholarships, interest-free education loans, and career mentoring since its inception in 1959.

Sakal India Foundation Objective

The noble objective behind the establishment of this foundation was to uplift and support academically talented students from financially disadvantaged backgrounds, providing them with grants and scholarships to pursue higher education.

Over the years, Sakal India Foundation (SIF) has successfully awarded interest-free loan scholarships to countless students and professionals, recognizing their exceptional merit and enabling them to pursue higher studies in India and abroad. This commendable initiative operates without any discrimination based on caste, creed, sex, or religion, emphasizing equal opportunities for all.

Interest-Free Loan Scholarship Eligibility

To be eligible for the Interest-Free Loan Scholarship, students must display academic excellence and achievements. SIF offers interest-free loans to brilliant students who face financial constraints in funding their higher education. Here are the essential eligibility criteria that aspiring candidates must fulfill to obtain approval for the loan:

  1. The candidate must be a resident of India.
  2. The candidate should have a confirmed admission letter from a recognized educational institution in India (for Ph.D. programs) or abroad.
  3. The candidate must be pursuing a graduate/postgraduate degree or a PG diploma.

Interest-Free Loan Scholarship amount

The Interest-Free Loan Scholarship amount is set at Rs.100,000, and the application process is conducted online. This convenient and accessible mode of application ensures that deserving students can easily apply for this valuable opportunity. The scholarship is granted for a duration of 2 years, providing recipients with the necessary support throughout their academic journey.

Mark your calendars as the online application window opens on May 15, 2023. For further information and inquiries, please feel free to reach out to us via email at or contact us directly at +91 2066035935. Our dedicated team is here to assist and guide you through the application process, ensuring that you have all the necessary information at your fingertips.

At Sakal India Foundation, they believe that financial constraints should never hinder a student’s pursuit of knowledge and dreams. Through the Interest-Free Loan Scholarship, they aim to alleviate the burden of educational expenses and empower students to achieve their academic goals. Join them in this noble mission and take a step towards a brighter future.

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