Scope of Financial Aid:
We help students in getting financial support through the following methods.
IIIT Sri City Chittoor has been included as a premier institute under List-C institutes for sanctioning of Education loans to the students of the institution under the SBI-Education Loan-Scholar Loan Scheme. SBI Sri City Branch(16527) has been designated as the Mapped branch for the institute.
Hence the students who are deserving/meritorious and will be pursuing B.Tech Course in IIIT Sri City Chittoor can be sanctioned an Education loan under the SBI Scholar loan scheme with additional benefits of which some of them are mentioned under:
** Loan Amount and Security requirement
- Up to Loan limit of Rs.7.5 lakhs – Only Parent/Guardian will be co-borrower Without the requirement of any tangible collateral
- Above Loan limit of Rs.7.5 lakhs & up to Rs.30 lakhs – Parent/Guardian will be co-borrower along with the requirement of tangible collateral for full value.
** Rate of Interest: Concessional Rate of interest(fixed) which is 1 year MCLR + 1.50%. (Presently Effective ROI is 8.20%)
** Processing fee – NIL
** Margin Requirement
- Up to Loan limit of Rs.4 Lakhs – NIL
- Above Rs.4 Lakhs & up to Rs.7.5 Lakhs – 5%
- Above Rs.7.50 Lakhs - NIL
Details are available on
For further details, please contact The Branch Manager, State Bank of India, Sri City Branch, Mob: 7702002997 / email@example.com
Vidya Lakshmi Portal
Vidya Lakshmi Portal is an education Loan Portal managed by NSDL e-Governance Infrastructure Limited, Mumbai. Under this, any student can have access to Education Loans. The Portal is linked with Scheduled Banks. The Portal is a gateway to the Banks through which the student can proceed further. The portal has the facility of tracking the Education Loan right from the inception of loan application to the sanction of loan or otherwise.
Details are available on https://www.vidyalakshmi.co.in/Students/
Central Sector Interest Subsidy Scheme, 2009 on Model Education Loan Scheme of IBA
Under this Scheme Interest Subsidy is given during the moratorium period i.e., Course period plus one year on Education Loan taken from the Scheduled Banks under the Model Education Loan Scheme of Indian Banks Association to students belonging to economically weaker sections whose annual parental income is up to Rs. 4.5 Lakh from all sources. The subsidy is allowed for undergoing recognized Professional/ Technical courses in recognized Institutions in India. This subsidy is allowed only once. The Nodal Bank is Canara Bank, Bengaluru. Details are available on https://www.mhrd.gov.in/scholarships-education-loan-4
State / Central Government Fee Reimbursement Schemes:
Many State Governments have fee reimbursement schemes for SC, ST, OBC, EBC etc., IIIT, Sri City, Chittoor students are eligible for such schemes from their respective state governments. Some of the information on financial support can be found below:
Government of Andhra Pradesh: https://jnanabhumi.ap.gov.in/
Government of Telangana: https://telanganaepass.cgg.gov.in/
Government of Jharkhand: https://ekalyan.cgg.gov.in/
On the National Scholarship Portal, there are two major categories of Scholarship Schemes: a. Pre-Matric b. Post Matric/Merit-cum-Means (MCM)/ Top-class. All these are online Schemes and any eligible student may apply for a Scholarship under Post Matric/Merit-cum-Means (MCM)/Top-class schemes on the National Scholarship Portal (NSP). The URL of the portal is: www.scholarships.gov.in
The eligibility criteria of different schemes hosted at National Scholarship Portal, varies from scheme to scheme. Students studying in IIIT Sri City Chittoor and fulfilling the requirements of various scheme guidelines of various Ministries are eligible to apply for the scholarships.
- Central Sector Scholarship of Top Class Education for SC students
- National Fellowship and Scholarship for Higher Education of ST Students - Scholarship
- Post Matric Scholarships Scheme for Minorities
- Scholarships for Top Class Education for students with disabilities
The details guidelines and more details about other scholarships are available on the Homepage of the National Scholarship Portal www.scholarships.gov.in
For further details, please contact Scholarship Section, IIIT Sri City Chittoor +91 7702377944
Part-Time Jobs with IIIT, Sri City, Chittoor
Students will have opportunities to take up Research and Teaching Assistant jobs with the Institute.