Sarkari Yojana
Educational Loan Scheme (GBCDC)
About Educational Loan Scheme (GBCDC)
Under the Social Justice and Empowerment Department, Government of Gujarat, the Gujarat Backward Classes Development Corporation (GBCDC) operates the “Educational Loan Scheme”. It is designed to fund higher technical and professional studies for students from socially and educationally backward classes. Eligible students enrolled in approved graduate and postgraduate professional & technical programmes, including engineering, medical, MBA, MCA and similar fields, can borrow at concessional interest rates.
Scheme Overview
State Government
Gujarat Backward Classes Development Corporation
Individual
Scheme Details
Eligibility Requirements
To qualify for Educational Loan Scheme (GBCDC), applicants must satisfy the following conditions:
Only residents of Gujarat may apply
Only residents of Gujarat may apply.
The applicant must be a member of a…
The applicant must be a member of a socially and educationally backward class.
Total yearly family income must not be more…
Total yearly family income must not be more than ₹3,00,000/-.
Admission must have been obtained through a recognised…
Admission must have been obtained through a recognised entrance test held by the Central or State Government, or via a selection process, with a minimum of 50% marks in Class 12 or the qualifying examination.
The student must be admitted to a recognised…
The student must be admitted to a recognised institution in any one of these courses:
MBA or an equivalent programme approved by AICTE
Master of Computer Applications (MCA) or an equivalent programme approved by AICTE
Graduate engineering programmes run by IITs or other AICTE-recognised institutions
Medical or allied streams such as Ayurvedic, Homeopathy, Unani and others, from institutions recognised by the Medical Council of India
A Diploma in Hospitality Management recognised by the National Council of Hotel Management
Note: Applicants with an annual family income of up to ₹1,50,000/- receive priority.
Benefits Provided
Educational Loan Scheme (GBCDC) provides the following benefits to eligible applicants:
Students can borrow as much as ₹ 15,00,000/-…
Students can borrow as much as ₹ 15,00,000/- under the scheme.
The interest rate:
Male students pay 4% per annum.
Female students pay 3.5% per annum.
Loan Contribution Breakdown:
The National Corporation funds 90%.
The State Government funds 5%.
The beneficiary contributes 5%.
The loan amount will include the following:
Fees for admission and tuition
Costs of lodging and meals
Validity: Repayment, with interest, is made in 60 equal monthly instalments. It must start within 6 months of finishing the course or 1 month after taking up employment, whichever comes first.
Documents Required
Applicants should keep the following documents ready before starting the application:
A valid proof of identity
A valid proof of identity
The applicant's caste certificate
The applicant's caste certificate
A certificate of family income
A certificate of family income
The mark sheet of Class 12 or the…
The mark sheet of Class 12 or the qualifying examination
The admission letter issued by a government-approved admission…
The admission letter issued by a government-approved admission committee or under the government quota.
A certificate from the institution giving the fee…
A certificate from the institution giving the fee structure
Particulars of the bank account
Particulars of the bank account
A declaration or proof that no assistance has…
A declaration or proof that no assistance has been received under the Hon'ble Chief Minister's Youth Self-Reliance Scheme (if applicable).
How to Apply
Online Application
Applicants can apply for Educational Loan Scheme (GBCDC) through the online application process outlined below.
Go to the Gujarat Backwards Caste Development Corporation's…
Go to the Gujarat Backwards Caste Development Corporation's online portal.
Select "Apply Online" from the menu bar at…
Select "Apply Online" from the menu bar at the top.
First-time users should choose "New Registration", provide personal…
First-time users should choose "New Registration", provide personal details such as name, mobile number, email and aadhaar number, set a password and finish the OTP verification.
Sign in with the User ID and password…
Sign in with the User ID and password you registered.
Choose “New Application” and pick “Educational Loan Scheme”…
Choose “New Application” and pick “Educational Loan Scheme” from the schemes listed.
Complete the Application Form by supplying these details
Complete the Application Form by supplying these details:
Personal Information:
Name, gender, date of birth, caste and so on
Address Information:
Permanent as well as correspondence address
Income Details:
Family income per month and its source
Loan Requirement:
Amount required and its intended purpose (e.g., business, self-employment)
Bank Account Details
: Used for disbursing the loan
Upload scans of the Caste certificate, Income certificate,…
Upload scans of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, the first page of the Bank passbook and Residence proof.
Review every entry, use “Preview” to check it,…
Review every entry, use “Preview” to check it, and press “Submit” once you are satisfied.
An Application ID/Reference Number will be issued
An Application ID/Reference Number will be issued. Keep or print the acknowledgement so you can track the application later.
Exclusions / Who Is Not Eligible
1. The applicant admitted under the management quota is not eligible.
1. The applicant with ATKT (Allowed to Keep Terms) or those who have failed in the previous semester will not be paid the fee for the second semester.
1. The loan amount will be sanctioned after deducting the amount received under the Mukhyamantri Yuva Swavalamban Yojana.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.