Sarkari Yojana
Foreign Study Loan Scheme (GUEEDC)
About Foreign Study Loan Scheme (GUEEDC)
Students of the unreserved category who wish to go for higher education abroad can obtain financial loan assistance under this scheme. Loans of up to ₹15 lakh carry simple interest of 4% per annum and come with flexible repayment, while the security and repayment terms vary with the amount borrowed. The goal is to help talented but economically weaker students access education around the world.
Scheme Overview
State Government
Gujarat Unreserved Educational And Economical Development Corporation
Individual
Scheme Details
Eligibility Requirements
To qualify for Foreign Study Loan Scheme (GUEEDC), applicants must satisfy the following conditions:
Applicants must be a citizen of India and…
Applicants must be a citizen of India and a resident of Gujarat.
Applicants must be from the Unreserved category
Applicants must be from the Unreserved category.
Applicants must have cleared Class 12 with 60%…
Applicants must have cleared Class 12 with 60% or more marks.
Applicants must be pursuing admission to MBBS, Master’s,…
Applicants must be pursuing admission to MBBS, Master’s, PG Diploma, or equivalent programs abroad.
Yearly family income must be ₹6.00 lakh or…
Yearly family income must be ₹6.00 lakh or less.
Benefits Provided
Foreign Study Loan Scheme (GUEEDC) provides the following benefits to eligible applicants:
Loan Amount:
A maximum of ₹15.00 lakh Interest Rate: 4% per annum simple interest Collateral: Up to ₹7.50 lakh: property worth 1.5 times the sum borrowed Above ₹7.50 lakh: property worth the same as the sum borrowed Loan Repayment: Up to ₹5 lakh: paid back over 5 years following a 1-year moratorium Above ₹5 lakh: paid back over 6 years following a 1-year moratorium
Early repayment is allowed with no penalty
Early repayment is allowed with no penalty
Documents Required
Applicants should keep the following documents ready before starting the application:
Class 12 mark sheet showing 60% or higher
Class 12 mark sheet showing 60% or higher
Evidence of belonging to the unreserved category
Evidence of belonging to the unreserved category
Certificate showing family income of ₹6 lakh or…
Certificate showing family income of ₹6 lakh or less
Letter of admission from the foreign university
Letter of admission from the foreign university
Papers for the collateral (details of immovable property)
Papers for the collateral (details of immovable property):
Loans up to ₹7.5 lakh
Loans up to ₹7.5 lakh: property valued at 1.5 times the loan
Loans above ₹7.5 lakh
Loans above ₹7.5 lakh: property valued at 100% of the loan
Five post-dated cheques made out to the Corporation
Five post-dated cheques made out to the Corporation
Proof of identity (Aadhaar/Voter ID/Passport)
Proof of identity (Aadhaar/Voter ID/Passport)
Copy of the passport and visa (once granted)
Copy of the passport and visa (once granted)
Bank passbook or a cancelled cheque
Bank passbook or a cancelled cheque
How to Apply
Online Application
Applicants can apply for Foreign Study Loan Scheme (GUEEDC) through the online application process outlined below.
Go to the official GUEEDC site
Go to the official GUEEDC site: https://gueedc.gujarat.gov.in
Choose “ Register ” and enter basic details…
Choose “ Register ” and enter basic details such as your name, email and mobile number, then set a password.
Login with your new account
Login with your new account.
On the dashboard, pick the “ Foreign Study…
On the dashboard, pick the “ Foreign Study Loan ” scheme .
Complete the online application form
Complete the online application form.
Attach the necessary documents
Attach the necessary documents.
Send in the application
Send in the application.
Keep a record of your unique application ID…
Keep a record of your unique application ID for later use.
Print a copy of the form
Print a copy of the form.
Take the signed printout and original documents for…
Take the signed printout and original documents for checking at the GUEEDC office or as directed .
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.