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Interest Subsidy for Study Abroad

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

T

State

States / UT: Gujarat

Department: TRIBAL DEVELOPMENT DEPARTMENT

Nodal department: TRIBAL DEVELOPMENT DEPARTMENT

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Students, Scheduled Tribes

Tags: Education, Subsidy, ST, Tribal Development, Loans, Higher Studies, Foreign Education, Financial Help, Students, Interest Subsidy, Gujarat, Government Scheme

Details

The scheme provides an interest subsidy of 6% per annum on loans taken by beneficiaries for higher studies abroad, with a maximum subsidy amount of Rs. 1,50,000 for a duration of three years. The loans can be up to Rs. 25 lakh, aimed at supporting students from Scheduled Tribes (ST) in pursuing foreign education.

Benefits

  • - Interest subsidy of up to Rs. 1,50,000 for three years 6% per annum interest subsidy on loans
  • Loans up to Rs. 25 lakh for higher studies abroad
  • Interest subsidy of up to Rs. 1,50,000 for three years
  • 6% per annum interest subsidy on loans
  • Loans up to Rs. 25 lakh for higher studies abroad

Eligibility

Eligible beneficiaries include students from Scheduled Tribes (ST) who have passed HSC. There is no income limit specified.

Application Process

Online

Application forms are available at the Gujarat Tribal Development Corporation, Gandhinagar, and at the offices of the District Project Officer for Scheduled Tribes. Required documents include Aadhar Card, Bank Pass Book/Cancelled Cheque, Birth Certificate, Caste Certificate, Certificate of Professional Course, Graduate Mark Sheet, Identity Card, Loan Approval Letter, Mark Sheets, Passport Size Photos, Post Graduate Mark Sheet, and Receipt of Fee Paid.

Documents Required

No document list is available for this scheme yet.

References

Apply

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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