Sarkari Yojana
Arivu Education Loan Scheme
About Arivu Education Loan Scheme
Introduced by the Minorities Welfare Department, Government of Karnataka, and carried out by the Karnataka Minorities Development Corporation, the “Arivu Education Loan Scheme” lends money to students taking up professional courses. These include M.B.B.S., M.D., M.S., B.E., B.Tech., M.E., M.Tech., B.D.S., M.D.S., B.Ayush, M.Ayush, M.B.A., M.C.A., L.L.B., B.Arch, M.Arch, B.Sc. in Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal Sciences, Food Technology, Biotechnology, Fisheries, Sericulture, Home/Community Sciences, Food Nutrition and Dietetics, B.Pharma, M.Pharma, Pharma.D and D.Pharma.
Scheme Overview
State Government
Karnataka Minorities Development Corporation
Individual
Scheme Details
Eligibility Requirements
To qualify for Arivu Education Loan Scheme , applicants must satisfy the following conditions:
The student must be from a State Religious…
The student must be from a State Religious Minority Community.
The student must be a permanent resident of…
The student must be a permanent resident of the State.
Yearly family income must be within ₹8,00,000/-
Yearly family income must be within ₹8,00,000/-.
Benefits Provided
Arivu Education Loan Scheme provides the following benefits to eligible applicants:
Loan Amount:
Loans between ₹50,000/- and ₹5,00,000/- are sanctioned each…
Loans between ₹50,000/- and ₹5,00,000/- are sanctioned each year for the length of the course. Loan Renewal Process:
For renewal, pay 12% of the loan amount…
For renewal, pay 12% of the loan amount the corporation disbursed in the previous year at the relevant District Office. Loan Repayment:
Repayment, with a 2% service charge, begins 6…
Repayment, with a 2% service charge, begins 6 months after the course is completed.
Documents Required
Applicants should keep the following documents ready before starting the application:
Document for Fresh Application
Two Recent Passport-size Photographs of the Student
Two Recent Passport-size Photographs of the Student.
The Student's Caste Certificate
The Student's Caste Certificate.
Certificate of Family Income
Certificate of Family Income.
Aadhaar Identity Card
Aadhaar Identity Card.
Admission Letter Issued Through CET
Admission Letter Issued Through CET.
Admission Letter Issued Through NEET
Admission Letter Issued Through NEET.
Photocopy of the Student's SSLC/10 th Marks Card
Photocopy of the Student's SSLC/10 th Marks Card.
The Student's Diploma/PUC Marks Card
The Student's Diploma/PUC Marks Card.
Indemnity Bond (Available for Download on the KMDC…
Indemnity Bond (Available for Download on the KMDC Website).
Bank Particulars of the Student's College
Bank Particulars of the Student's College.
Bonafide/Study Certificate of the Student
Bonafide/Study Certificate of the Student.
Self-declaration Form of the Student (Available for Download…
Self-declaration Form of the Student (Available for Download on the KMDC Website).
Self-Declaration Form of the Parents (Available for Download…
Self-Declaration Form of the Parents (Available for Download on the KMDC Website).
Fee Structure of the College Document for Renewal…
Fee Structure of the College Document for Renewal Loan
Bonafide/Study Certificate from the college
Bonafide/Study Certificate from the college.
The College Fee Structure
The College Fee Structure.
Marks Card of the Year Just Passed
Marks Card of the Year Just Passed.
Bank Particulars of the College
Bank Particulars of the College.
Receipt for the Security Deposit Paid (12% of…
Receipt for the Security Deposit Paid (12% of Loan Amount).
Photocopy of the KEA Admission Order
Photocopy of the KEA Admission Order.
How to Apply
Online Application
Applicants can apply for Arivu Education Loan Scheme through the online application process outlined below.
Application Process
Application Process for Fresh Loan:
Step-01: Open the Karnataka Minorities Development Corporation official website.
Step-02: Press "Apply Online", type your "Mobile Number" and press "Submit".
Step-03: Key in the "Aadhaar Number", complete the "Captcha" and choose "Next".
Step-04: An OTP is sent to the mobile number linked with the applicant's Aadhaar.
Step-05: Type the "OTP", choose "Continue" and then accept the official notice.
Step-06: Once Aadhaar is verified, enter the "OTP" once more and Submit.
Step-07: Pick the scheme "Sikhligar’s Community Development Scheme" and enter basic details such as father's name, gender and qualification
Step-08: Choose "Next", enter the address details and choose "Next" again.
Step-09: Upload the documents asked for, such as a passport-size photo, educational papers and income certificate.
Step-10: Press "Proceed", then "Submit Application", and note the Application ID generated.
Application Process for Renewal loan:
Step-01: Open the Karnataka Minorities Development Corporation official website.
Step-02: Pick the "Arivu Education Loan Scheme" and press "Apply Online."
Step-03: Choose "ARIVU.Renewal", type the mobile number and press "Submit".
Step-04: Personal, address and bank details from the earlier application appear pre-filled, so they need not be entered again.
Step-05: Upload the documents required and submit the application.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.