1.The applicant must be a resident Indian.

2. He/she must have secured admission into a recognized course of study, in India or abroad, through an entrance test or other such qualification procedure.

3.If the applicant is a Non-Resident Indian (NRI), he/she must hold a valid Indian Passport.

4.Courses applicable in India- Graduation, Post-Graduation, Diploma programs, Technical courses, Management courses and other professional courses(All from recognized universities)

5. Courses applicable Abroad- Graduation, Post-Graduation, Certificate Degree courses from CIMA- London, CPA-USA and other such well known educational entities.

6. The applicant must provide a collateral/security that is enforceable in India.