State governments that offer loans to students wishing to study abroad.

The cost of education is one of the most important factors that students consider when researching higher education abroad. The rising cost of education, inflation, the falling value of the rupee, and an increase in interest rates as a result of repo rate hikes have all pushed students to seek out innovative ways to finance their higher education abroad.

Using government loan schemes that offer the lowest interest rates and interest subsidies is one of the best ways to save money on financing higher education abroad. Students who want to study abroad can consider the following government education loan programmes and interest subsidy schemes.

NBCFDC is a non-profit organisation established by the Government of India’s Ministry of Social Justice and Empowerment to help members of the backward classes who live below the poverty line. One of the organization’s best programmes is an education loan to pursue technical and professional courses abroad (and also in India).