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Education & Learning; Banking,Financial Services and Insurance

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

Authority

State/ UT

Region

Karnataka

Status

Verified 2026

Updated

March 2026

What you get

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.

Who can apply

The student should belong to the State Religious Minority Community.; The student should be a permanent resident of the State.; The annual income of the family should not exceed ₹8,00,000/-.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Which courses are covered under the Arivu Education Loan Scheme?

The scheme covers courses such as M.B.B.S., M.D., M.S., B.E., B.Tech., M.E., M.Tech., B.D.S., M.D.S., B.Ayush, M.Ayush, M.B.A., M.C.A., L.L.B., B.Arch, M.Arch, and several B.Sc. courses, among others.

What is the loan amount provided under the scheme?

Loans range from [?]50,000 to [?]5,00,000 per year, depending on the course and selection criteria.

Who is eligible for the scheme?

Students must belong to the State Religious Minority Community, be permanent residents of the state, and have a family income not exceeding [?]8,00,000 per annum.

Can students from other states apply for this loan?

No, only permanent residents of the state who belong to a Religious Minority Community are eligible.

What is the maximum loan amount for M.B.B.S. courses?

Students selected through CET/NEET for government or private colleges under the government quota are eligible for a maximum loan of [?]5,00,000.

Are there any specific loan limits for other courses like M.B.A., M.C.A., or L.L.B.?

Yes, a maximum tuition fee loan of [?]50,000 is provided for students opting for M.B.A., M.C.A., and L.L.B. courses through KEA.

How is the loan amount disbursed to the students?

The loan amount is transferred directly to the bank account of the respective college through Direct Benefit Transfer (DBT).

How can I apply for the scheme?

Applications must be submitted online through the Karnataka Minorities Development Corporation (KMDC) website.

Is there a renewal process for the loan each year?

Yes, students must apply for renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office.

Are students pursuing B. Arch and M. Arch courses eligible for the loan?

Yes, students selected through CET/NEET under the government quota are eligible for a maximum loan of [?]50,000 for B. Arch and M. Arch courses.

What are the loan provisions for students in B.Sc. courses related to agriculture, veterinary, or food technology?

These students are eligible for a maximum loan of [?]50,000 if selected through CET/NEET under the government quota.

What if a student fails to renew the loan application on time?

Failure to renew the loan application on time could result in the discontinuation of loan benefits for the following academic year.