Sarkari Yojana
6% Interest Subsidy on Loans taken through Banks for Study Abroad
About 6% Interest Subsidy on Loans taken through Banks for Study Abroad
Gujarat’s Tribal Development Department set up the “6% Interest Subsidy on Loans Taken Through Banks for Study Abroad” to lighten the financial load on Scheduled Tribe students studying overseas. Beneficiaries get an interest subsidy on their education loan, capped at three years’ worth of support.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for 6% Interest Subsidy on Loans taken through Banks for Study Abroad, applicants must satisfy the following conditions:
The applicant must live in a tribal area…
The applicant must live in a tribal area of Gujarat.
The applicant must belong to the Scheduled Tribe…
The applicant must belong to the Scheduled Tribe category.
The applicant must have cleared the Higher Secondary…
The applicant must have cleared the Higher Secondary Certificate (HSC) or an equivalent exam.
The applicant must have secured admission to a…
The applicant must have secured admission to a recognised foreign university for higher studies.
Benefits Provided
6% Interest Subsidy on Loans taken through Banks for Study Abroad provides the following benefits to eligible applicants:
A 6% annual interest subsidy on bank loans…
A 6% annual interest subsidy on bank loans taken for studying abroad.
Subsidy capped at ₹1,50,000, spread across 3 years
Subsidy capped at ₹1,50,000, spread across 3 years.
Applicable to loans up to ₹25,00,000
Applicable to loans up to ₹25,00,000.
Documents Required
Applicants should keep the following documents ready before starting the application:
A valid Aadhaar identity card
A valid Aadhaar identity card
A certificate recording date of birth
A certificate recording date of birth
A certificate for the Professional Course pursued
A certificate for the Professional Course pursued
An identity card of the applicant
An identity card of the applicant
Mark sheets from previous examinations
Mark sheets from previous examinations
A photograph of passport size
A photograph of passport size
The receipt for fees paid
The receipt for fees paid
A bank passbook or a cancelled cheque
A bank passbook or a cancelled cheque
A certificate confirming the applicant's caste
A certificate confirming the applicant's caste
The letter sanctioning the loan
The letter sanctioning the loan
A School Leaving Certificate
A School Leaving Certificate
How to Apply
Offline Application
Applicants can apply for 6% Interest Subsidy on Loans taken through Banks for Study Abroad through the offline application process outlined below.
Applicants should visit, during office hours, the office…
Applicants should visit, during office hours, the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, or any tribal district office, and ask the staff handling applications for a hard copy of the prescribed form.
Every mandatory field should be completed, and self-attested…
Every mandatory field should be completed, and self-attested copies of the necessary documents attached.
The signed, completed form along with the documents…
The signed, completed form along with the documents should be handed over to the office of the Tribal District Sponsorship Administrator.
A receipt or acknowledgment should be obtained from…
A receipt or acknowledgment should be obtained from the office of the Tribal District Sponsorship Administrator, noting the date and time of submission along with a unique identification number, where applicable.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.