Program brief
| Benefit | Rs. 10,00,000 |
|---|---|
| Form of support | Cash, paid into the bank account |
| Level | State, Gujarat |
| Field | Education & Learning |
| How to apply | Online |
Contents of this entry
Overview
The scheme offers 100% interest subsidy on education loans up to Rs. 10,00,000. Applicants must be 18 to 35 years old with a family income not exceeding Rs. 6,00,000. The official listing gives no last date, so check the official portal for the current status before applying.
The Interest Subsidy Scheme on Education Loan is launched by the Education Department of Gujarat. It aims to provide financial support to students pursuing higher education. The scheme offers a complete interest subsidy on education loans taken from recognized banks.
This subsidy covers the entire moratorium period, which includes the duration of the course plus one additional year after its completion. This initiative is crucial as it helps reduce the financial burden on students and their families.
Eligible students can benefit from this scheme if they meet the specified conditions, ensuring that more individuals can access higher education without the worry of accumulating interest on loans.
Further facts from the listing
| Scheme for | Individual |
|---|---|
| DBT (direct bank transfer) | No |
| Min age | 18 |
| Max age | 35 |
| Maximum Loan Amount | Rs. 10,00,000 |
| Family Income Limit | Rs. 6,00,000 per year |
| Helpline Number | 9909039380 |
Benefits
Award value:
- 100% interest subsidy on education loans up to Rs. 10,00,000
The subsidy is applicable during the moratorium period, which includes the course duration and one year after course completion. The payment is made directly through the bank, covering the interest amount.
Eligibility
- Age
- 18 to 35 years
- Family income
- Up to Rs. 6 lakh a year
- State
- Gujarat
Eligibility:
- Academic: Must have passed HSC (Higher Secondary Certificate) with at least 60 percentile.
- Age: Minimum 18 years, Maximum 35 years.
- Income: Family income must not exceed Rs. 6,00,000 per year.
- Category: Must be a resident of Gujarat and a student who has taken an education loan.
Who cannot apply
- Students availing benefits from another scholarship scheme cannot apply.
Two cases, worked through
A first-year BSc student who has passed HSC with 60% and has taken an education loan is eligible for the scheme. A second-year student who has already availed benefits from another scholarship scheme is not eligible.
Documents
Documents:
- Passport Size Photograph (Max 50 KB)
- Signature (Max 50 KB)
- Marksheet of Standard 12 / Diploma
- Aadhaar Card
- Ration Card
- Income Certificate (Certified by Talati-cum-Mantri / Mamlatdar / TDO)
- Proof of Residence (any one from Passport / Driving License / Bank Statement / Ration Card / Telephone Bill / Electricity Bill / Voter ID)
- Copy of Education Loan Agreement (Signed and Stamped by Bank Manager)
- Copy of Education Loan Sanction Letter (as per KCG format, signed and stamped by Bank Manager)
- Copy of Education Loan Disbursement Letter (as per KCG format, signed and stamped by Bank Manager)
- Statement of Education Loan Account from first withdrawal date till current date (Signed and Stamped by Bank Manager)
- Bank Interest Certificate (Signed and Stamped by Bank Manager)
- Copy of First Page of Savings Account Passbook / Bank Statement / Cancelled Cheque (Any one)
- Admission Letter (On College/University Letterhead with Signature and Stamp)
- Fee Receipts of First Year / First Two Semesters
- Self-Declaration Certificate stating “No benefit from other scheme” (as per KCG format available on website)
- Passport Copy (Only for Students Studying Abroad)
- Visa or Visa Letter Copy (Only for Students Studying Abroad)
- Power of Attorney (Only for Students Studying Abroad)
Application steps
Application steps:
- Visit the official website and fill in all the details.
- Set a username and password.
- Verify the details and click on 'Register'.
- Log in with your username and password.
- Fill out the online form with all relevant details.
- Upload all required documents in the specified format.
- Click on 'Submit' to complete the application process.
- Print the acknowledgment receipt and send all documents to KCG either directly or by courier (self-attested).
Tracking the application
To check the application status, visit the official portal or call the helpline number 9909039380 during working hours.
Common application errors
Common application errors:
- Missing documentation or incorrect formats.
- Not verifying documents at the designated district help center.
- Submitting an income certificate that is not valid for the current financial year.
Questions and answers
What is the purpose of the Interest Subsidy Scheme?
It provides financial assistance by offering 100% interest subsidy on education loans.
Who can apply for this scheme?
Residents of Gujarat who have passed HSC with at least 60 percentile and have taken an education loan.
What is the maximum loan amount covered?
The scheme covers loans up to Rs. 10,00,000.
Can students studying abroad apply?
Yes, students studying abroad can apply if they meet the eligibility criteria.
What should I do after submitting the online form?
Visit the designated district help center within 7 days for document verification.
Is there a validity requirement for the income certificate?
Yes, it must be valid for the concerned financial year.
How can I contact for queries?
Contact the nearest help center or call the helpline number.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
Documents from the provider
- Guidelines (Scheme No. 273) mariyojana.gujarat.gov.in
- Instructions For Student kcg.gujarat.gov.in, PDF
- How To Apply kcg.gujarat.gov.in, PDF
- Scheduled Bank List kcg.gujarat.gov.in, PDF
- Government Resolution (G.R.) kcg.gujarat.gov.in, PDF
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry was drafted with AI tools from the official listing. Each amount and date in it was checked automatically against that listing; read the official call before you apply.
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