Interest subsidy on education loan
Countlesswordshave been written about the importance of education. Education is the only valuable asset. The Government of Gujarat plans to provide interest subsidy on education loans to economically weaker as well as bright and needy students till the moratorium period.
Accordingto the government resolution, the applicant should have obtained 60% or more percentile in Std. 12 examination of Gujarat or Central Government's Higher Secondary Education Board. 2) The annual income of the applicant's guardian family should be less than six lakh. 3) The applicant should have taken an education loan from India for study abroad only from a scheduled bank.
The purpose of the plan
Studentsare reluctant to get admission in their favorite course due to low income of Rajni's parents. Students are deprived of giving proper direction to their career. Such students need financial help. The state government has implemented various scholarship schemes to help needy students with the intention that no student will remain in higher studies due to financial constraints. Among these schemes is the Mukhyamantri Yuva Swavalamban Yojana which is currently in progress and in addition to this, the state government has approved an education loan scheme for the students this year.
Applicable academic year
Thescheme will be applicable from the academic year 2017-18 but the loan taken after 4/7/2017 will be considered valid for interest waiver and the loan taken before 4/7/2017 will not be considered valid for interest waiver.
Eligibility for interest subsidy
Theapplicant should have obtained 60% or more percentile in standard 12.
The annual income of the applicant's guardian is Rs. Should be less than 6 lakh.
Education loan date for students studying in the country or abroad 4/7/2017
The benefit of this scheme will be available only to those who have taken it from Shashdyalud Bank.T
Theapplicant should apply to the Board of Higher Secondary Education of Gujarat or Central Government
Must have passed the examination and got admission in a recognized university abroad.
Educationloan interest subsidy scheme will be available only once, depending on the state.
Thosewho have not availed of the Government or other Education Loan Schemes of the Central Government
Onlystudents will be considered eligible for this scheme.
Thisscheme is acceptable for courses (Graduate / Post Graduate / Diploma).
Interestsubsidy under this scheme may not be available to those students
Havedropped out of the course or have been expelled from the institution due to some problem / system.
moratorium period will
Underthis scheme of Gujarat Government, interest subsidy on educational loan will be eligible to pay interest on education loan only for the duration of the prescribed course and up to one year. Payment of interest on loan outstanding after completion of moratorium period will not be considered under this scheme.
Income limit
Thebenefit of this scheme will be applicable to economically weaker class students. The total annual income of the family members of the students is Rs. Six lakhs or less. In this regard, it will be mandatory for them to give a photocopy of the income tax return or a self declaration form. Mamlatdar or TDO approved by the state government. Certificate of must also be given.
Who is eligible for this sceam
Applicantshould have obtained 60% or more percentile in standard 12 examination.
Theannual income of the guardian of the applicant is Rs. 6 lakh should be less than that.
Theapplicant passed the standard 12 examination of the Higher Secondary Education Board of the Central Government last night.
Lastnight, the government recognized the university's college courses or the country's recognition.
Must have taken admission in Yashunvacity.
After taking admission in the course, the study student can get a personal education loan from the bank only.S
Shouldbe taken.
Specialinstructions for students going abroad.
Applicant should have obtained 60% or more percentile in standard 12.
Theannual income of the guardian of the applicant should be Rs. 6 lakhs or less. For income certificate
Mamlatdar/ TDO certificate will be mandatory. Xeroxing or self of income tax deduction
It will be mandatory to provide a calibration form.
Students who have taken education loan for study abroad from Shasdyalud Bank after 08.03.2018
Onlythose who have the benefit of this scheme will be eligible.
The applicant passed the standard 12 examination of the Higher Secondary Education Board of the Central Government last night.
Musthave been admitted to a recognized Yashunavasiti in the country and have obtained a legal visa Should.
Education loan,inerest subsidy,loan subsidy,who is eligible for education loan,income limit for education loan,aplication form for education loan all information available on this page.
Important websites
http://www.kcg.gujarat.gov.in
from 10/11/2017
Theonline application form can be filled up till 31/1/2018.
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