Sarkari Yojana
Guruji Student Credit Card (GSCC) Scheme
About Guruji Student Credit Card (GSCC) Scheme
Launched by the Department of Higher and Technical Education, Government of Jharkhand, the Guruji Student Credit Card (GSCC) Scheme helps students take up higher education without being held back by money. Eligible students can borrow up to ₹15 lakhs as an education loan at a subsidised simple interest rate of 4%, and female students get extra benefits.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Guruji Student Credit Card (GSCC) Scheme, applicants must satisfy the following conditions:
Only students can apply
Only students can apply.
Applicants must hold Indian nationality
Applicants must hold Indian nationality.
For a diploma, class 10th must have been…
For a diploma, class 10th must have been completed; for undergraduate or higher courses, both class 10th and 12th must have been completed, from a recognised school in Jharkhand.
Admission must have been secured in an institution…
Admission must have been secured in an institution such as IITs, IIMs, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, IISCs, BITS, SPA, NID, IIFTs or ICFAI Business School, inside or outside the state (within India), that is ranked up to 200 in the overall NIRF list, ranked up to 100 in its own NIRF category, or accredited with grade "A" or higher by NAAC.
On the date of the loan application, the…
On the date of the loan application, the student's age must not be above 40 (forty) years.
Anyone who has already benefited from this scheme…
Anyone who has already benefited from this scheme cannot apply again.
For the same course, the student must not…
For the same course, the student must not have taken an education loan from any State Co-operative Banks, Central Co-operative Banks, District Central Co-operative Banks, or any Public or Private sector Banks.
Benefits Provided
Guruji Student Credit Card (GSCC) Scheme provides the following benefits to eligible applicants:
Students can borrow up to ₹15,00,000/- for education…
Students can borrow up to ₹15,00,000/- for education at a subsidised interest rate of 4%.
Long Repayment Term
Long Repayment Term: the loan can be repaid over as many as 15 years.
No Processing Fees
No Processing Fees: nothing extra is charged for processing, sanctioning or disbursing the loan.
Documents Required
Applicants should keep the following documents ready before starting the application:
Aadhaar Card
Aadhaar Card.
A colour passport-size photo
A colour passport-size photo.
The admission letter or document
The admission letter or document.
Ration Card
Ration Card.
Certificate of residence
Certificate of residence.
Certificate of income
Certificate of income.
Certificate of caste
Certificate of caste.
Passbook of the bank account
Passbook of the bank account.
Certificate of birth
Certificate of birth.
How to Apply
Online Application
Applicants can apply for Guruji Student Credit Card (GSCC) Scheme through the online application process outlined below.
Application Process
Registration Process:
Go to the official GSCCS website: Student Credit Card Scheme – Jharkhand.
Choose "Registration", enter your name, email id and captcha, then confirm the OTP.
Once verified, a registration number is sent to you by SMS.
Login Process:
Type in your user ID, Password and captcha
Press "Login" and then complete the basic details and address sections of the application form
Upload a profile photo and your signature
Press "Submit" to receive your application id
Loan Process:
Student MLI (Member lending institution) Selection: from the list of onboarded MLIs, the student chooses one to process the loan.
Loan Approval by MLI: the MLI examines the application and either approves or rejects it, stating the loan amount and the disbursement timeline.
Loan Details Upload by MLI: the MLI uploads the sanction letter together with loan details such as amount, duration and repayment period.
Interest Subvention Block by Corpus Bank: based on the loan disbursed, the Corpus Bank sets aside the interest subvention amount needed.
Course Fee Disbursement by MLI: following the student's payment schedule, the MLI pays the institutional expense into the institution's account.
Interest Subvention Payment to MLI: at the agreed frequency, the portal automatically pays the interest subvention amount to the MLI.
Repayment Schedule Upload by MLI: the MLI uploads the repayment schedule and sends an interest subvention request to DHTE.
Loan Status Validation by Portal: loan status is validated automatically by the portal for every stakeholder, with interest payment updates shown.
Interest Disbursement by Corpus Bank: DHTE asks the Corpus Bank to release the interest subvention to the MLI.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.