6% Interest Subsidy on Loans taken through Banks for Study Abroad
in Gujarat
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6% Interest Subsidy on Loans taken through Banks for Study Abroad in Gujarat
6% Interest Subsidy on Loans taken through Banks for Study Abroad is a government scheme available to eligible residents of Gujarat.
Apply for 6% Interest Subsidy on Loans taken through Banks for Study Abroad in Gujarat
Scheme Overview
The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.
Eligibility Criteria
The applicant must be a resident of Gujarat’s tribal areas.
The applicant must belong to the Scheduled Tribe category.
The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination.
The applicant must have secured admission in a recognized foreign university for higher studies.
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Benefits
Interest subsidy of 6% per annum on loans taken through banks for foreign education.
Maximum subsidy of ₹1,50,000 for 3 years.
Applicable on loans up to ₹25,00,000.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Birth Certificate |
| 3 | Certificate of Professional Course |
| 4 | Identity Card |
| 5 | Marksheets |
| 6 | Passport-size Photo |
| 7 | Fee Reciept |
| 8 | Bank Passbook/Cancelled Cheque |
| 9 | Caste Certificate |
| 10 | Loan Approval Letter |
| 11 | School Leaving Certificate |
How to Apply in Gujarat
Step 1: The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format o…
Offline Step 1: The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).
Offline Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.
Offline Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.
Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a…
Offline Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Common questions in Gujarat
Who can apply for 6% Interest Subsidy on Loans taken through Banks for Study Abroad in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for 6% Interest Subsidy on Loans taken through Banks for Study Abroad. Refer to the eligibility section above for the complete checklist.
What documents are required for 6% Interest Subsidy on Loans taken through Banks for Study Abroad in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
No, the application process is free of cost. <br>