The CGFSEL (Credit Guarantee Fund Scheme for Education Loans) facilitated by the National Credit Guarantee Trustee Company Ltd. (NCGTC) aims to make higher education more accessible. Under the Department of Financial Services, Ministry of Finance, Government of India, this initiative provides educational loans to students aspiring to pursue their studies either in India or abroad. Notably, the scheme stands out for its commitment to inclusivity, allowing students to secure loans without the need for collateral or third-party guarantees. Furthermore, the interest rate is capped at a maximum of 2% over the base rate, ensuring that students can pursue their educational goals without being burdened by exorbitant interest charges.