CHIEF MINISTER’S COMPREHENSIVE EDUCATION LOAN (CELS)

The State Government has launched Comprehensive Educational Loan Scheme (CELS) for pursuing higher/professional studies in India and Abroad with effect from July 2007. SIDICO is the nodal agency for implementation of this scheme. The Government regularly trains educated youth in various vocational courses both within and outside the state under the Directorate of Capacity Building.     The Capacity Building measures initiated by the Government has witnessed commendable success. Many young students are undergoing courses in Engineering, Medicine, Agriculture, Horticulture, Hospitality Management, Commercial Pilot, Post Graduate courses, etc.      
The Scheme has been designed to provide educational loans to students desiring to pursue their studies in technical/professional courses and /or in post graduation courses in India and abroad.       

Eligible Courses:

i.) Studies in India and Abroad: Technical/Professional and Higher Academic Courses in India and abroad.

ii.) Correspondence courses are not eligible for financial assistance under the Scheme.

iii.) Loans for pursuing more than one course at a time shall not be considered under the Scheme.

Quantum of Finance:

Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings:

Studies within Sikkim	Max Rs. 10.00 lakhs
Studies in India	Max. Rs. 12.00 lakhs
Studies Abroad	Max. Rs. 15.00 lakhs

Rate of Interest:

The loan shall be interest free for the duration of the course plus one year or six months after getting job, whichever is earlier. Thereafter, it shall bear an interest of 6(six) Percent per annum.

Interest shall be charged on simple interest basis after the period of repayment holiday/moratorium.

Particulars	Opening Bal. as on 31/03/14		2014-15*		2015-16*		2016-17*		2017-18*		2018-19*		Cumulative
	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	%
India	1986	3181.74	90	167.11	233	360.30	111	240.70	176	491.96	217	970.87	2795	5412.68	70.90
Abroad	156	1274.31	18	145.50	21	74.70	16	87.50	25	229.00	33	411.00	269	2222.01	29.10
Total	2124	4456.05	108	312.61	254	435.00	127	328.20	201	720.96	250	1381.87	3064	7634.69	100

COMPREHENSIVE EDUCATIONAL LOAN SCHEME UPTO 31.03.2021

Particulars	Opening Bal. as on 31/03/14		2014-15*		2015-16*		2016-17*		2017-18*		2018-19*		2019-20*		2020-21*		Cumulative
	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	%
India	1986	3181.74	90	167.11	233	360.30	111	240.70	176	491.96	217	970.87	4	25.00	91	481.03	2890	5918.71	70.57
Abroad	156	1274.31	18	145.50	21	74.70	16	87.50	25	229.00	33	411.00	3	45.00	16	201.00	288	2468.01	29.43
Total	2124	4456.05	108	312.61	254	435.00	127	328.20	201	720.96	250	1381.87	7	70.00	107	682.03	3178	8386.72	100

Gender Wise	Opening Bal. as on 31/03/14		2014-15*		2015-16*		2016-17*		2017-18*		2018-19*		2019-20*		2021-21*		Cumulative
	No.	Amt.	No.	Amt.	No.	Amt	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	%
Male	1103	2216.89	51	149.36	116	197.75	60	166.55	83	339.55	96	457.69	5	45.00	42	310.83	1556	3883.62	46.31
Female	1021	2239.16	57	163.25	138	237.25	67	161.65	118	381.41	154	924.18	2	25.00	65	371.20	1622	4503.10	53.69
Total	2124	4456.05	108	312.61	254	435.00	127	328.20	201	720.96	250	1381.87	7	70.00	107	682.03	3178	8386.72	100

District Wise	Opening Bal. as on 31/03/14		2014-15*		2015-16*		2016-17*		2017-18*		2018-19*		2019-20*		2020-21*		Cumulative
	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt.	No.	Amt	No.	Amt.	No.	Amt.	%
East	647	1700.41	49	174.50	108	189.75	67	189.40	69	276.96	95	532.16	5	53.00	46	326.63	1343	3853.61	45.95
West	356	719.90	26	70.50	63	104.25	26	53.55	48	163.00	63	375.20	1	15.00	24	113.20	768	1855.10	22.12
North	73	188.44	8	15.60	17	31.75	5	9.50	15	50.50	16	114.70	0	0.00	3	40.00	176	542.99	06.47
South	438	880.00	25	52.01	66	109.25	29	75.75	69	230.50	76	359.81	1	2.00	34	202.20	891	2135.02	25.46
Total	1514	3488.75	108	312.61	254	435.00	127	328.20	201	720.96	250	1381.87	7	70.00	107	682.03	3178	8386.72	100

*Includes
Additional Loan No. 237 (Sanctioned during 2011-12).   Additional Loan No. 55  (Sanctioned during 2016-17).       
Additional Loan No. 275 (Sanctioned during 2012-13).   Additional Loan No. 39  (Sanctioned during 2017-18).  
Additional Loan No. 269 (Sanctioned during 2013-14).   Additional Loan No. 29  (Sanctioned during 2018-19).  
Additional Loan No. 90   (Sanctioned during 2014-15).   Additional Loan No. 1    (Sanctioned during 2019-20).   
Additional Loan No. 209 (Sanctioned during 2015-16).    Additional Loan No. 22 (Sanctioned during 2020-21).