Canara Bank has launched ‘skill loans’ in association with the Additional Skill Acquisition Programme (ASAP), Kerala, the government company under the Higher Education Department. Under this facility, the loan is ranging from Rs 5,000 to Rs 1.5 lakh. This loan can be availed of by students who are pursuing skill training programmes which are offered by ASAP Kerala or any other Central or State government-recognised agencies.
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Collateral free loans will be provided to students and have a repayment period of three to seven years. Students can also avail themselves of a moratorium on repayment for the duration of the course and for an additional 6 months.
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