Educational Loan Scheme (GBCDC)
in Gujarat
Last updated:
Educational Loan Scheme (GBCDC) in Gujarat
Educational Loan Scheme (GBCDC) is a government scheme available to eligible residents of Gujarat.
Apply for Educational Loan Scheme (GBCDC) in Gujarat
Scheme Overview
The scheme provides financial support to students from socially and educationally backward classes for higher technical and professional education. It offers loans at concessional interest rates for approved graduate and postgraduate courses like engineering, medical, MBA, MCA, and more.
Eligibility Criteria
The applicant must be a resident of Gujarat.
The applicant should belong to a socially and educationally backward class.
The total annual family income should not exceed ₹3,00,000/-.
The student must have secured admission through a recognized entrance examination conducted by the Central or State Government, or through a selection process, with at least 50% marks in Class 12 or the qualifying examination.
The applicant should have secured admission in a recognized institution for one of the following courses:
- MBA or its equivalent (recognized by AICTE)
- Master of Computer Applications (MCA) or its equivalent (recognized by AICTE)
- Graduate-level engineering courses conducted by IITs or other institutions (recognized by AICTE)
- Medical or allied education such as Ayurvedic, Homeopathy, Unani, etc., from institutions recognized by the Medical Council of India
- Diploma course in Hospitality Management recognized by the National Council of Hotel Management
> **Note:** Priority will be given to applicants whose family income is up to ₹1,50,000/- per annum.
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Benefits
1. The maximum loan limit under this scheme is up to ₹ 15,00,000/-.
2. The interest rate:
4% per annum for male students.
3.5% per annum for female students.
3. Loan Contribution Breakdown:
90% by the National Corporation.
5% by the State Government.
5% by the beneficiary.
4. The loan amount will include the following:
Admission fees and tuition fees
Accommodation and food expenses
Required Documents
| # | Document |
|---|---|
| 1 | Identity proof |
| 2 | Caste Certificate |
| 3 | Income Certificate |
| 4 | Class 12 Marksheet/Qualifying Examination Marksheet |
| 5 | Admission Letter from a government-approved admission committee or under the government quota. |
| 6 | Fee Structure Certificate from the institution |
| 7 | Bank Account Details |
| 8 | Declaration/Proof of Non-Receipt of Assistance under the Hon'ble Chief Minister's Youth Self-Reliance Scheme (if applicable). |
How to Apply in Gujarat
Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.
Online Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.
Step 2: On the top menu bar, click on "Apply Online".
Online Step 2: On the top menu bar, click on "Apply Online".
Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.
Online Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.
Step 4: Use your registered credentials (User ID and password) to log in.
Online Step 4: Use your registered credentials (User ID and password) to log in.
Step 5: Click on “New Application”. Select “Educational Loan Scheme” from the list of available schemes.
Online Step 5: Click on “New Application”. Select “Educational Loan Scheme” from the list of available schemes.
Step 6: Fill out the Application Form, enter the following details:
Online Personal Information: Name, gender, date of birth, caste, etc. Address Information: Permanent and correspondence address Income Details: Monthly family income and source Loan Requirement: Amount needed, proposed use (e.g., business, self-employment) Bank Account Details: For loan disbursement
Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Online Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.
Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Online Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.
Step 9: The Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Online Step 9: The Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
Common questions in Gujarat
Who can apply for Educational Loan Scheme (GBCDC) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Educational Loan Scheme (GBCDC). Refer to the eligibility section above for the complete checklist.
What documents are required for Educational Loan Scheme (GBCDC) 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
This scheme provides financial support to socially and educationally backward class students to pursue graduate and postgraduate professional and technical education. <br>