🎓 Education & LearningState/ UT
6% Interest Subsidy on Loans taken through Banks for Study Abroad
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.
💰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.
🎓 Education & LearningState/ UT
Arivu Education Loan Scheme
The "Arivu Education Loan Scheme," launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation, offers loans to students pursuing professional courses like MBBS, B.E., B.Tech., MBA, MCA, LLB, and others in various fields
💰Loan Amount: | - The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration. | Loan Renewal Process: | - Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office. | Loan Repayment: | - Repay the loan with service charges of 2% after 6 months of completion of the course.
🎓 Education & LearningCentral
Education Loan Scheme
A scheme named Education Loan Scheme by National Scheduled Castes Finance and Development Corporation (NSFDC) under the M/o Social Justice and Empowerment provides loans to students from Scheduled Castes who are pursuing full-time professional or technical courses in recognized institutions.
💰Maximum Loan Limit: Up to ₹30 lakhs (for studies in India) and upto ₹40 lakhs (for studies abroad) or 90% of course fee, whichever is less. 1. Rate of Interest: | - For studies in India, upto ₹30 lakhs or 90% of course fee, whichever is less. The rate of interest for male candidates is 6% whereas for female candidates it is 5.5%. The repayment period must be within 10 years for loan upto Rs.10 lakh. | - For studies abroad, upto ₹40 lakhs, or 90% of course fee, whichever is less. The rate of interest for male candidates is 7% whereas for female candidates it is 6.5%. The repayment period must be within 12 years for loan upto ₹10 lakhs. | The Moratorium Period is 6 months after course completion or getting employment, whichever is earlier in both the cases.
🎓 Education & LearningState/ UT
Foreign Study Loan
The scheme aims to provide financial assistance to students from non-reserved categories for pursuing higher studies abroad in medical and post-graduation courses. It offers loans up to ₹15,00,000/- at 4% simple interest per annum to eligible students.
💰Loan Amount: Up to ₹15,00,000/- for overseas study. | Interest Rate: Simple interest at 4% per annum. | Repayment Grace Period: 1 year after completion of study before repayment begins. | Flexible Repayment: Borrower can repay the loan before the stipulated time limit. | Repayment Schedule | - For loans up to ₹5,00,000/-: Equal monthly installments over 5 years. | - For loans above ₹5,00,000/-: Equal monthly installments over 6 years.
🎓 Education & LearningState/ UT
Guruji Student Credit Card (GSCC) Scheme
Under this scheme, a financial support initiative by the Jharkhand Government to help students pursue higher education without financial constraints. Under this scheme, eligible students can avail of education loans up to ₹15,00,000 at a subsidized 4% simple interest rate, with additional benefits.
💰Education loans up to ₹15,00,000/- at a subsidized 4% interest rate. | - Long Repayment Term: Maximum repayment tenure of up to 15 years. | - No Processing Fees: No additional fees for loan processing, sanctioning, or disbursement.
🎓 Education & LearningState/ UT
Loan for Training of Commercial Pilot (GUEEDC)
The scheme "Loan for Training of Commercial Pilot (GUEEDC)" by the Social Justice and Empowerment Department, Gujarat, provides financial loan assistance of up to ₹25,00,000/- at 4% simple interest per annum is provided to Unreserved category candidates for pursuing commercial pilot training.
💰Loan Assistance: Up to ₹25,00,000/- at a concessional interest rate of 4% per annum.
🎓 Education & LearningState/ UT
Loans to Tribal Students for Higher Studies Abroad
The scheme's purpose is to offer financial assistance to tribal students for higher education abroad. It provides a loan of up to ₹15,00,000 at a 4% annual interest rate.
💰Monetary Benefit: | - Loan of up to ₹15,00,000 or the actual cost of study/training abroad, whichever is lower. | Interest Rate: | - 4% per annum. | Penalty Interest: | - 2.5% per annum for late repayment. | Beneficiary Contribution: | - No contribution is required from the beneficiary. | Repayment Terms: | - Repayment to be made in 60 monthly installments. | - Repayment starts 6 months after completion of studies. | - Early repayment is permitted.
🎓 Education & LearningState/ UT
New Akanksha Scheme (Educational Loan) (GNDTDC)
Under the scheme, educational loans of up to ₹10 lakh are provided to students belonging to Nomadic and Denotified Tribes communities for pursuing higher professional and technical education at the graduate and postgraduate levels.
💰Loan Amount: The maximum loan limit for this scheme is up to ₹10,00,000/-. | - Included Expenses: The loan amount will include the following: | - Admission and tuition fees | - Expenses for books, uniforms, essential materials, and exam fees | - Accommodation and food expenses | - Insurance – Policy premium | - Interest Rate: | - 4% per annum for male students | - 3.5% per annum for female students | - Contribution: | - 90% contribution from the Central Corporation, | - 5% from the State Government, | - 5% from the beneficiary | - Repayment Period: | - The loan will have to be repaid in 60 equal monthly installments including interest. | - The loan will be recovered within 6 months of completion of the course or upon getting a job, whichever is earlier.
🎓 Education & LearningState/ UT
New Akanksha Scheme (Educational Loan) (GTKVN)
Under this scheme, education loans are provided at subsidized interest rates to students belonging to Thakor and Koli communities for pursuing graduate and postgraduate studies in fields such as engineering, medical, MBA, and MCA.
💰Education Loan Details: | Loan Amount: Up to ₹15,00,000/-. | Interest Rate: 4% per annum for male students and 3.5% per annum for female students. | Coverage Includes: | - Admission fees and tuition fees | - Books, writing materials, necessary equipment and examination fees required for the course | - Accommodation & food expenses | - Travel and insurance premiums | Contribution: | - 90% by Central Corporation | - 5% by State Government | - 5% by the Beneficiary | Repayment Terms: | - Repayment Period: 60 equal monthly installments (5 years) | - Start of Repayment: Within 6 months from course completion or employment, whichever is earlier.