Sign in Register

FSLS

Foreign Study Loan Scheme (GUEEDC)

Loan scheme offering up to ₹15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with flexible collateral and repayment conditions.

State Cash

States / UT: Gujarat

Nodal department: Social Justice and Empowerment Department

Scheme profile

DBT (direct benefit transfer): No

Categories: Education & Learning, Social welfare & Empowerment

Sub-categories: International education, Loan

Target beneficiaries: Individual

Tags: Unreserved Category, Higher Education Abroad, MBBS, Master, PG Diploma

Details

The scheme provides financial loan assistance to students from the unreserved category to pursue higher education abroad. Loans up to ₹15 lakh are granted at simple interest of 4% per annum, with flexible repayment options. Security and repayment conditions depend on the loan amount. This scheme aims to support meritorious, economically weaker students for global education opportunities.

Benefits

  • Loan Amount: Up to ₹15.00 lakh Interest Rate: Simple interest at 4% per annum Collateral: Up to ₹7.50 lakh: Property valued at 1.5 times the loan amount Above ₹7.50 lakh: Property equal to the loan amount Loan Repayment: Up to ₹5lakh: repay in 5 years after 1-year moratorium Above ₹5lakh : repay in 6 years after 1-year moratorium Borrower can pre-pay without penalty

Loan Amount: Up to ₹15.00 lakh
Interest Rate: Simple interest at 4% per annum
Collateral:
Up to ₹7.50 lakh: Property valued at 1.5 times the loan amount
Above ₹7.50 lakh: Property equal to the loan amount
Loan Repayment:
Up to ₹5 lakh: repay in 5 years after 1-year moratorium
Above ₹5 lakh: repay in 6 years after 1-year moratorium

Borrower can pre-pay without penalty

Eligibility

  1. The applicant must be a citizen of India and a **resident of Gujarat.**1. The applicant must belong to the Unreserved category.1. The applicant must have passed Class 12 with 60% or more marks.1. The applicant must be seeking admission to **MBBS, Master’s, PG Diploma, or equivalent programs abroad.**1. The applicant’s annual family income must be ₹6.00 lakh or less.

Exclusions


Application Process

Online

  1. Visit the Official Website: https://gueedc.gujarat.gov.in1. Click on “Register” and fill in your basic details such as name, email, mobile number, and create a password.1. Login to Your Account.1. From the dashboard, select the “Foreign Study Loan” scheme .1. Fill the Online Application Form.
  2. Upload Required Documents.
  3. Submit the Application.
  4. Save or note down your unique application ID for future reference.1. Print the Application Form.
  5. Submit the signed hard copy and original documents for verification at the GUEEDC office or as directed.

Documents Required

No document list is available for this scheme yet.

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