Sarkari Yojana
Foreign Study Loan
About Foreign Study Loan
Administered by the Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC), Social Justice and Empowerment Department, Government of Gujarat, the “Foreign Study Loan” helps non-reserved category students fund higher education overseas. Loans of up to ₹15,00,000/- are available for designated courses after Class 12th, including Bachelor of Medicine, Bachelor of Surgery, post-graduation courses (valid even if obtained after diploma), post-graduation diploma and equivalent programmes. Applicants need 60% or more in Class 12 and a family income of ₹6,00,000/- or less a year. Simple interest of 4% per annum applies, and repayment terms depend on the size of the loan.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Foreign Study Loan, applicants must satisfy the following conditions:
Only non-reserved category students may apply
Only non-reserved category students may apply.
The student must be going abroad for higher…
The student must be going abroad for higher studies.
The course must be Bachelor of Medicine, Bachelor…
The course must be Bachelor of Medicine, Bachelor of Surgery, a post-graduation course (valid even if obtained after diploma), a post-graduation diploma, or an equivalent course after Class 12th.
The student must have scored at least 60%…
The student must have scored at least 60% in Class 12th.
Family income per year must be ₹6,00,000/- or…
Family income per year must be ₹6,00,000/- or below.
Benefits Provided
Foreign Study Loan provides the following benefits to eligible applicants:
Loan Amount: As much as ₹15,00,000/- for studying overseas. Interest Rate: 4% per annum, charged as simple interest. Repayment Grace Period: Repayment starts 1 year after the course is completed. Flexible Repayment: The loan may be paid off before the due period ends. Repayment Schedule
Loans of up to ₹5,00,000/-
Loans of up to ₹5,00,000/-: repaid in equal monthly instalments spread over 5 years.
Loans of more than ₹5,00,000/-
Loans of more than ₹5,00,000/-: repaid in equal monthly instalments spread over 6 years.
Documents Required
Applicants should keep the following documents ready before starting the application:
Class 12th mark sheet showing a score of…
Class 12th mark sheet showing a score of 60% or above
Family income certificate showing yearly income of ₹6,00,000/-…
Family income certificate showing yearly income of ₹6,00,000/- or less
Property papers (for loans up to ₹7,50,000/-
Property papers (for loans up to ₹7,50,000/-: property valued at one and a half times the loan)
Immovable property papers (for loans over ₹7,50,000/-
Immovable property papers (for loans over ₹7,50,000/-: to be mortgaged to the Corporation)
Five signed post-dated cheques drawn in the Corporation's…
Five signed post-dated cheques drawn in the Corporation's favour
Admission papers for the overseas higher-study course
Admission papers for the overseas higher-study course
A valid document proving identity
A valid document proving identity
A valid document proving address
A valid document proving address
How to Apply
Online Application
Applicants can apply for Foreign Study Loan through the online application process outlined below.
Register on the Official Portal - Go to…
Register on the Official Portal
Go to the
official website
, open the “How to Apply” section and choose “Foreign Study Loan.”
This takes you to the
e-SamajKalyan
Portal. Under the ‘Citizen Login’ tab on its home page, choose New User ‘
Please Register Here
’. Provide your Full Name as on the Aadhaar Card, Gender, Date of Birth, Aadhaar Card Number, Email ID, Caste and other details, then press ‘Register’.
After registering, sign in with your credentials.
Access and Fill Out the Application Form -…
Access and Fill Out the Application Form
Once signed in, find the application Form and complete its modules with your personal, academic and family particulars: name, gender, category, address, education history, institution details, passport number, family income, guardians' occupation and the bank details into which the loan will be paid.
In the "Patrata Column" (પાત્રતાની કોલમ), pick your eligibility parameters from the dropdown lists. Choosing from the dropdown is compulsory so that the application is assessed against the correct criteria.
Prepare and Upload Required Documents - Scan the…
Prepare and Upload Required Documents
Scan the documents clearly and legibly and upload them in the upload section.
Keep every file within the portal's size and format limits (generally PDF, JPEG or PNG) and give each a sensible name so reviewers are not confused.
Review and Final Submission - Check each module…
Review and Final Submission
Check each module thoroughly, using the preview option to look over the whole application before submitting.
Keep a PDF copy of the finished form on your device, then press “Final Submit”.
Application Verification by GUEEDC - GUEEDC officials then…
Application Verification by GUEEDC
GUEEDC officials then examine the application and the documents uploaded.
They may phone or email you if a clarification is needed, more documents are required, or corrections have to be made.
Keep your phone and email active and reply quickly to any such request.
Loan Sanction and Disbursement
If the application is approved, you receive a formal sanction letter.
You may need to sign an agreement accepting the loan's terms and repayment conditions.
The sanctioned amount is paid straight into your verified bank account.
Follow GUEEDC's instructions for any verification or confirmation of use required after sanction.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.