Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Education coveredLoan for individuals undertaking eligible skill-development courses in India; parent joins as joint borrower and Credit Guarantee Fund Scheme for Skill Development (CGFSSD) cover is stated.View source
The page describes skill-development courses, parent joint borrower and CGFSSD coverage.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Features / Security
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeThe Features section says ₹5,000 to ₹1.50 lakh can be considered, while the Quantum section says ₹5,000 to ₹7.50 lakh. Both official statements are retained because they conflict; confirm the applicable current cap with BOI before applying.View source
The page publishes ₹5,000–₹1.50 lakh in Features and ₹5,000–₹7.50 lakh in Quantum; neither has been discarded.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Features / Quantum of Loan
- Accessed
- 30 Aug 2026
- Confidence
- medium
Interest rate1 Year RBLR + 1.50%, presently 9.60% p.a.; a 1% concession may apply when interest is serviced during the study-period repayment holiday, with no concession after repayment begins.View source
The current rate sheet gives RBLR + 1.50%, present 9.60% and the study-period servicing concession.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 4: Pradhan Mantri Kaushal Rin Yojana
- Accessed
- 30 Aug 2026
- Confidence
- high
Repayment periodNo numeric repayment tenure or moratorium period is published on the reviewed page; scheme repayment terms must be confirmed with BOI.View source
The reviewed page provides quantum, margin, security and rate but no repayment-period number.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Repayment / Documents
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNil processing charge. VLP portal and third-party charges may apply where stated by the scheme.View source
The advantages list states nil processing charges.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Advantages / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Margin and securityNil margin up to ₹4 lakh and 5% above ₹4 lakh. No collateral or third-party guarantee; parent executes the loan document jointly and CGFSSD cover is required.View source
The page publishes nil/5% margin, no collateral/ guarantee, parent joint borrower and CGFSSD.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Margin / Security
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilityIndividuals intending to take eligible skill-development courses in India; the student applies with a parent as joint borrower and through the Vidya Lakshmi Portal.View source
The page describes eligible skill courses and online Vidya Lakshmi application.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Features / Security / Application
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo numeric student or co-borrower income threshold is published; scheme documents and co-applicant evidence are required.View source
The document table asks for income proof for the co-applicant but gives no minimum amount.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Documents
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkRBLR plus 1.50%; the current sheet shows a present rate of 9.60% p.a.View source
The rate sheet names RBLR and gives the spread and present rate.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 4: Pradhan Mantri Kaushal Rin Yojana
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure or methodology is published.View source
and charges are published but no calculation is provided.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Rate / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureNo numeric repayment tenure or moratorium period is published on the reviewed page; scheme repayment terms must be confirmed with BOI.View source
The reviewed page provides quantum, margin, security and rate but no repayment-period number. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Repayment / Documents — comparison field: Tenure
- Accessed
- 30 Aug 2026
- Confidence
- high
PrepaymentNo prepayment penalty is published for this scheme.View source
The official advantages list says no prepayment penalty.
- Source
- Star Pradhanmantri Kaushal Rin Yojana
- Page / section
- Advantages
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsIndividuals intending to take eligible skill-development courses in India; the student applies with a parent as joint borrower and through the Vidya Lakshmi Portal.View source
The manually reviewed product record states: “Individuals intending to take eligible skill-development courses in India; the student applies with a parent as joint borrower and through the Vidya Lakshmi Portal.”.
- Source
- Star Pradhanmantri Kaushal Rin Yojana — official product page
- Page / section
- Published product metadata
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- No collateral security
- No third-party guarantee
- Nil processing charges
- CGFSSD credit guarantee stated
Eligibility
- The page contains conflicting official finance caps; confirm the current scheme cap with BOI.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Identity/address proof, admission/course evidence, income proof for co-applicant, photographs, references and scheme documents.
Related official documents
Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗Star Pradhanmantri Kaushal Rin Yojanaofficial-product-page · current · accessed 30 Aug 2026
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