Welfare Schemes Model Skill Loan Scheme Skill Development Minister Jayant Chaudhary recently launched the revamped Model Skill Loan Scheme. The scheme was initially launched in 2015. Earlier, only private, public and foreign banks, members of the Indian Banks’ Association were eligible for facilitating Under the revamped scheme, non-banking financial companies (NBFCs), NBFC-MFIs (micro- finance institutions), and small finance banks can also be lending