6ISLBSA

6% Interest Subsidy on Loans taken through Banks for Study Abroad

To support Scheduled Tribe students from Gujarat pursuing higher education abroad, this scheme provides a 6% interest subsidy on bank loans up to ₹25,00,000. Beneficiaries can receive a maximum subsidy of ₹1,50,000 for three years, contingent upon securing admission in a recognized foreign university after completing their Higher Secondary Certificate or equivalent.

State Cash

States / UT: Gujarat

Nodal department: Tribal Development Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Education & Learning, Banking,Financial Services and Insurance

Sub-categories: Universities and higher education, International education, Loan

Target beneficiaries: Individual

Tags: Student, Higher Education, Scheduled Tribe, Loan, Foreign Study

Details

The "6% Interest Subsidy on Loans taken through Banks for Study Abroad" scheme was launched by the Tribal Development Department, Government of Gujarat. The scheme aims to support Scheduled Tribe (ST) students pursuing higher education abroad by reducing their financial burden. Under this scheme, beneficiaries receive an interest subsidy on education loans with a maximum subsidy for three years.

Benefits

  • - Interest subsidy of 6% per annum on loans taken through banks for foreign education
  • Maximum subsidy of ₹1,50,000for 3 years
  • Applicable on loans up to ₹25,00,000

  • 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.


Eligibility

  1. The applicant must be a resident of Gujarat’s tribal areas.
  2. The applicant must belong to the Scheduled Tribe category.
  3. The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination.
  4. The applicant must have secured admission in a recognized foreign university for higher studies.

Application Process

Offline

Step 1:**** The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.
Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

Who is eligible for this scheme?
No, the application process is free of cost. <br>
What is the maximum subsidy amount?
The maximum subsidy of ₹1,50,000 for 3 years. <br>
Is there any income limit for applicants?
No, there is no income limit. <br>
For how many years is the subsidy applicable?
For a maximum of 3 years. <br>
What documents are required for application?
Aadhaar card, caste certificate, loan approval letter, educational mark sheets, admission letter, and fee receipts. <br>
Is there any application fee?
No, the application process is free of cost. <br>
Where should the application be submitted?
The application is submitted at the office of the Tribal District Sponsorship Administrator. <br>
From where can the application form be obtained?
From the Project Administrator office of Gujarat Tribal Development Corporation, Gandhinagar, or tribal district offices. <br>
Is the scheme available for studies within India?
No, it is only for studies abroad. <br>
Can I apply for this scheme online?
No, the application process is offline. <br>

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status