Educational Study Scheme
in Gujarat
Last updated:
Educational Study Scheme in Gujarat
Educational Study Scheme is a government scheme available to eligible residents of Gujarat.
Apply for Educational Study Scheme in Gujarat
Scheme Overview
The "Educational Study Scheme" provides financial assistance in the form of loans for self-supporting graduate-level courses in professional fields such as Medical, Dental, Engineering, Technology, Pharmacy, Architecture, Nursing, Homeopathy, Veterinary, and similar disciplines.
Eligibility Criteria
The applicant must be from Gujarat
The applicant must belong to the unreserved category.
The applicant must have passed Standard 12 with 60% or more from any school in the state of Gujarat.
The annual family income limit for state educational loan schemes will remain at ₹6,00,000/- or less.
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**Note:**
Priority is given to widows and orphans when sanctioning loans under this scheme.
The loans of those who drop out mid-studies or fail to obtain a degree within the stipulated time frame will be subject to recovery at once and interest subsidy will not be available.
Benefits
**Financial Assistance:** A loan of the total tuition fee of the entire course or ₹10,00,000/-, whichever is less, will be provided by the Corporation at a simple interest of 4%.
**Collateral:**
For loans of total loan amount of ₹7,50,000/- or less for the entire course, a charge of one and a half times the loan amount will have to be registered on the beneficiary&amp;#39;s own or relative&amp;#39;s property.
If the total loan amount for the entire course is more than ₹7,50,000/-, the immovable property of oneself or any other relative equal to that total amount will have to be mortgaged in favor of the Corporation.
**Loan repayment:**
In case of total loan up to ₹5,00,000/-, the loan amount along with interest will have to be repaid in equal monthly installments over 5 (five) years, 1 year after completion of studies.
In case of loan of more than ₹5,00,000/-, the loan amount along with interest will have to be repaid in equal monthly installments over 6 (six) years, starting 1 year after completion of studies.
The loan amount being repaid will be credited first as interest.
The borrower can repay the loan even before the specified time limit.
Required Documents
| # | Document |
|---|---|
| 1 | School Leaving Certificate (or Birth Certificate) |
| 2 | Aadhaar Card Copy |
| 3 | Ration Card Copy |
| 4 | Residence Proof |
| 5 | Annual Family Income Certificate |
| 6 | Non-Reserved Category Certificate |
| 7 | IT Return |
| 8 | Class 10th & Class 12th Marksheet Copy (or Diploma Certificate) |
| 9 | Proof of the period between graduation & application date (if applicable) |
How to Apply in Gujarat
Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under the Corporation menu.
Online Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under the Corporation menu.
Step 2:Click on "Training Assistance for Competitive Examinations" and then Apply Now.
Online Step 2:Click on "Training Assistance for Competitive Examinations" and then Apply Now.
Step 3: Click on "New User? Please Register Here".
Online Step 3: Click on "New User? Please Register Here".
Step 4: Enter the required details and click Register.
Online Step 4: Enter the required details and click Register.
Step 1: Enter your User ID, Password, and Captcha Code, then click "Login".
Online Step 1: Enter your User ID, Password, and Captcha Code, then click "Login".
Step 2: Read the scheme details carefully and click OK.
Online Step 2: Read the scheme details carefully and click OK.
Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.
Online Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.
Step 4: Click Save & Next to proceed. Upload the relevant documents.
Online Step 4: Click Save & Next to proceed. Upload the relevant documents.
Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit".
Online Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit".
Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.
Online Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.
Common questions in Gujarat
Who can apply for Educational Study Scheme in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Educational Study Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Educational Study Scheme 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
The "Educational Study Scheme" is a loan assistance program that provides financial support to students pursuing professional and technical courses by offering loans at a simple interest rate of 4% per annum.