New Akanksha Scheme (Higher Education Loan) (GGDC)

Description
The "New Akanksha Scheme Higher Educational Loan " is implemented by the Gujarat Gopalak Development Corporation GGDC under the Social Justice and Empowerment Department, Government of Gujarat. Under this scheme, educational loans of up to ₹15 lakh are provided to students belonging to the Rabari and Bharwad castes from socially and educationally backward classes for pursuing higher professional courses such as medical, dental, engineering, pharmacy, etc.

Exclusions
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Benefits
• Educational Loan Details:
• 1. Loan Amount:
• Up to ₹15,00,000/-
• 2. Interest Rate:
• 3.5% for female students
• 4% for male students
• 3. Contribution:
• 95% contribution from the Corporation/State Government,
• 5% from the beneficiary

Eligibility Criteria
1. The applicant should be a resident of Gujarat.
2. The applicant should be pursuing higher professional education such as Medical, Dental, Engineering, Pharmacy, or related course.
3. The applicant should have secured admission in an institution approved by AICTE, UGC, or any recognized university.
4. The applicant should belong to the Rabari or Bharwad caste from the socially and educationally backward class.
5. The total annual income of the applicant’s family should not exceed ₹3,00,000/-.
6. The applicant’s age should be between 17 and 45 years.
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Required Documents
• Aadhaar Number
• Ration Number
• Voter ID (Voter Identification Number)
• Income Certificate
• Educational Qualification Certificates (SSC, HSC, Diploma, Degree, Graduation)
• University Information
• Accreditation Proof (from the authority that accredited the course/institution)
• Hostel Details (if applicable)
• Admission Fee Details (for the entire course)
• Tuition Fee Details
• Examination Fee Details
• Hostel Fee Details (Boarding and Food Expenses for the entire course)
• Estimated Cost of Books, Stationery and Other Materials required for the course
• Other Fees Details
• Bank Account Details

Frequently Asked Questions
Q: What is the scheme about?
A: This scheme provides education loans for higher education, specifically for vocational courses like medical, dental, engineering, and pharmacy.
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Q: What types of courses are covered under this scheme?
A: Vocational courses of education, like medical, dental, engineering, and pharmacy, are covered under this scheme.
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Q: What percentage of the total loan requirement does the scheme cover?
A: The scheme covers 95% of the total loan amount required.
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Q: Am I required to contribute any amount towards the loan?
A: Yes, there is a beneficiary contribution of 5% of the total loan requirement.
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Q: What is the interest rate for female students under this scheme?
A: The interest rate for female students applying for this loan is 3.5%.
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Q: What is the interest rate for male students under this scheme?
A: The interest rate for male students applying for this loan is 4%.
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Q: What is the age limit to apply for this loan scheme?
A: The age limit to apply for this loan is between 17 to 45 years.
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Q: Are there specific caste requirements to be eligible for this scheme?
A: Yes, the applicant must belong to the Rabari and Bharwad castes from the socially and educationally backward classes.
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Q: Does my university need to be recognized for me to be eligible?
A: Yes, the applicant must have taken admission in a Medical Council of India, AICTE, or UGC recognized university.
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