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ISEL

Interest Subsidy Scheme on Education Loan

T

State

States / UT: Gujarat

Department: EDUCATION DEPARTMENT

Nodal department: EDUCATION DEPARTMENT

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Students, College Students

Tags: Education, Loan, Subsidy, Gujarat, Students, Financial Assistance, Moratorium, Interest Subsidy, Government Scheme, Higher Education, College, Support

Details

The Government of Gujarat has launched the Interest Subsidy Scheme on Education Loan to support students who have taken loans to study either in India or abroad. This scheme provides a 100% interest subsidy on education loans during the moratorium period, which includes the duration of the course plus an additional year, for loans up to a maximum of Rs 10 lakhs.

Benefits

  • - 100% interest subsidy on education loans
  • Applicable for loans up to Rs 10 lakhs
  • Covers the moratorium period (study period + 1 year)
  • 100% interest subsidy on education loans
  • Applicable for loans up to Rs 10 lakhs
  • Covers the moratorium period (study period + 1 year)

Eligibility

Students who have passed HSC and have a family income limit of Rs 6,00,000. The scheme is applicable to college students across the state.

Application Process

Online

  1. Visit the online application portal: https://isel.guj.nic.in/
  2. Fill out the application form.
  3. Submit required documents including Aadhar Card, Age Proof, Bank Pass Book/Cancelled Cheque, Birth Certificate, Identity Card, loan Approval letter, Mark sheets, Passport Size Photos, and Receipt of fee paid.

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