Interest Subsidy Scheme on Education Loan
in Gujarat
Last updated:
Interest Subsidy Scheme on Education Loan in Gujarat
Interest Subsidy Scheme on Education Loan is a government scheme available to eligible residents of Gujarat.
Apply for Interest Subsidy Scheme on Education Loan in Gujarat
Scheme Overview
The scheme "Interest Subsidy Scheme on Education Loan" by the Education Department, Gujarat, aims to provide financial support to students by offering 100% interest subsidy on education loans.
Eligibility Criteria
The applicant must be a resident of Gujarat.
The applicant must be a student.
The applicant must have passed HSC (Higher Secondary Certificate) with at least 60 percentile.
The applicant must have taken an education loan from a recognized bank for pursuing higher education in India or abroad.
The applicant must have a family income not exceeding ₹6,00,000/- per year.
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Benefits
Interest Subsidy Assistance: 100% interest subsidy on education loans up to ₹10,00,000/- for the moratorium period (course duration + 1 year).
Required Documents
| # | Document |
|---|---|
| 1 | Passport Size Photograph (Max 50 KB). |
| 2 | Signature (Max 50 KB). |
| 3 | Marksheet of Standard 12 / Diploma. |
| 4 | Aadhaar Card. |
| 5 | Ration Card. |
| 6 | Income Certificate (Certified by Talati-cum-Mantri / Mamlatdar / TDO). |
| 7 | Proof of Residence (Passport / Driving License / Bank Statement / Ration Card / Telephone Bill / Electricity Bill / Voter ID – any one). |
| 8 | Copy of Education Loan Agreement (Signed and Stamped by Bank Manager). |
| 9 | Copy of Education Loan Sanction Letter (As per KCG format, signed and stamped by Bank Manager). |
| 10 | Copy of Education Loan Disbursement Letter (As per KCG format, signed and stamped by Bank Manager). |
| 11 | Statement of Education Loan Account from first withdrawal date till current date (Signed and Stamped by Bank Manager). |
| 12 | Bank Interest Certificate (Signed and Stamped by Bank Manager). |
| 13 | Copy of First Page of Savings Account Passbook / Bank Statement / Cancelled Cheque (Any one). |
| 14 | Admission Letter (On College/University Letterhead with Signature and Stamp). |
| 15 | Fee Receipts of First Year / First Two Semesters. |
| 16 | Self-Declaration Certificate stating “No benefit from other scheme” (As per KCG format available on website). |
| 17 | Passport Copy (Only for Students Studying Abroad). |
| 18 | Visa or Visa Letter Copy (Only for Students Studying Abroad). |
| 19 | Power of Attorney (Only for Students Studying Abroad). |
| 20 | Aadhaar Card. |
| 21 | Ration Card. |
| 22 | Income Certificate (Certified by Talati-cum-Mantri / Mamlatdar / TDO). |
| 23 | Statement of Education Loan Account (From first withdrawal date till current date, signed and stamped by Bank Manager). |
| 24 | Copy of Education Loan Disbursement Letter (As per KCG format, signed and stamped by Bank Manager). |
| 25 | Bank Interest Certificate (Signed and Stamped by Bank Manager). |
| 26 | Marksheet of All Passed Years / Semesters. |
| 27 | Fee Receipts of All Years / Semesters. |
How to Apply in Gujarat
Step 1: Visit the Official Website and fill in all the details.
Online Step 1: Visit the Official Website and fill in all the details.
Step 2: Set an username and password.
Online Step 2: Set an username and password.
Step 3: Verify the details and click on "Register".
Online Step 3: Verify the details and click on "Register".
Step 1: Visit the Official Website and enter the username and password.
Online Step 1: Visit the Official Website and enter the username and password.
Step 2: Enter all relavant details and fill out the online form.
Online Step 2: Enter all relavant details and fill out the online form.
Step 3: Upload all required documents in the specified format if required.
Online Step 3: Upload all required documents in the specified format if required.
Step 4: Click on "Submit" to comlete the applicaion process.
Online Step 4: Click on "Submit" to comlete the applicaion process.
Step 5: After completing the full details of the application-submitting your application formprint the acknowledgment receipt.
Online Step 5: After completing the full details of the application-submitting your application formprint the acknowledgment receipt.
Step 6: The applicant will have to print the acknowledgment receipt and according to checklist
Online all Documents send it to the KCG either directly or by courier (all the documents should be selfattested). Kcg E-Mail Id: isel-kcg[at]gujgov[dot]edu[dot]in Helpline No: 9909039380 (10:30 AM to 6:00 PM)
Common questions in Gujarat
Who can apply for Interest Subsidy Scheme on Education Loan in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Interest Subsidy Scheme on Education Loan. Refer to the eligibility section above for the complete checklist.
What documents are required for Interest Subsidy Scheme on Education Loan 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 "Interest Subsidy Scheme on Education Loan" is a financial assistance initiative launched by the Education Department, Government of Gujarat, which provides 100% interest subsidy on education loans up to ₹10,00,000 during the moratorium period, covering the study period and one year after completion of the course. <br>