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Explore the Gujarat Government's education loan schemes for studying abroad. Learn about eligibility, benefits, interest rates, application process, and more.
Did you know that the government of Gujarat offers an education loan at a only 4% interest rate and even provides 100% subsidy to economically weak students, enabling them to pursue their dreams of higher education? The government offers financial aid in the form of loans and schemes that are specially designed for students from Gujarat who wish to pursue their education in India or abroad.
The purpose of Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC) is to promote the overall well-being of Gujarat's economically disadvantaged unreserved population. It assists students in financing their education both domestically and abroad. Moreover, it seeks to advance the social and economic well-being of Gujarati citizens who fall into unreserved categories.
Keep reading the blog to learn about the Gujarat government education loan for studying abroad with key features, eligibility criteria, and benefits.
The Gujarat government understands the true value of foreign education loans for individuals and families. The Gujarat government's education loan for studying abroad enables students to pursue a broader range of educational opportunities and reach their full potential globally.
The Gujarat government's Developing Castes Welfare Department aims to provide financial assistance in the form of education loans to meritorious students. The Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC) offers a Gujarat government education loan scheme to students in Gujarat who wish to pursue higher education abroad. The Gujarat government launched these initiatives to provide financial assistance to deserving students.
For students who are looking for education loans for medical, engineering, pharmacy, nursing, architecture, and other technical programs, GUEEDC offers multiple education loan schemes. Under the GUEEDC education loan, students who have secured admission to a foreign university for MBBS, Bachelor's, Postgraduate, or equivalent courses can apply for an education loan.
Feature | Description |
Loan Amount |
INR 15 Lakh |
Minimum Marks in 12th Grade |
Family Income |
＞INR 6 Lakh |
Moratorium Period |
Course Period + 12 months |
Interest Rate Type |
Simple Interest |
The Gujarat government offers education loans with a highly affordable interest rate of just 4% per annum. This low rate makes it easier for students to repay their loans without financial stress. There are special interest rate subsidies for female students as they are encouraged to apply. Let us understand the interest rates for theGujarat education loan schemes:
This education loan can be availed without collateral and at a very low interest rate of 4% for the first year and increasing to 9% for the remaining period.
This education loan is specifically for SC/ST students with no income limit and offers loans at very low interest rates.
The candidate should be a permanent resident of Gujarat and hold legitimate proof of residence.
The student must have passed Class 12 with at least 60% or more from the Higher Secondary Examination Board of Gujarat or the Central Board of Secondary Education.
The annual family income should not exceed INR 6,00,000.
The applicant must have enrolled in a recognized university/college abroad and hold the admission letter.
To be eligible students must be Meritorious. Also, students from any social and economic backgrounds are eligible.
The Gujarat education loan does not require any form, collateral, guarantee or margin money from the students under this scheme.
Please note: that applicants who have taken the benefit of the Central Government/State Government education loan subsidy scheme or any other scholarship scheme are not eligible for this scheme.
To help students achieve their academic dreams the Government of Gujarat offers to two prominent schemes. Under these schemes, applicants can get education loans at relatively lower interest rates without requiring a collateral, margin money or any guarantor. The schemes are as follows -
The Gujarat Bin Anamat education loan scheme provides financial support to economically underserved students aspiring to pursue higher education abroad. This Bin Anamat Aayog caters specifically to individuals from underprivileged backgrounds and offers student loans up to INR 20 Lakh without collateral and margin money. Additionally, the interest rate on these loans is usually around 4% per annum for the initial year and 9% per annum for the remaining loan period.
The eligibility criteria for the Bin Anamat education loan scheme by the Gujarat government schemes are as follows:
The application process for this education loan Gujarat government is simple. Interested students can apply online through the official website of the Gujarat government or seek assistance at designated banks. A committee established by the state government will review the loan applications, and eligible students will receive the approved loan amount.
Dr.Baba Saheb Ambedkar loan scheme for education loans for SC/ST students in Gujarat provides a loan to students who wish to pursue higher education in foreign countries. To be eligible for the loan, students must have obtained a visa and must be pursuing a diploma or equivalent technical and professional courses. They should have achieved a minimum of 50% in their 12th-grade examination.
The eligibility criteria for the Dr.Baba Saheb Ambedkar loan for SC/ST students in Gujarat are as follows:
To apply for a foreign education loan by the government of Gujarat the following list of documents is required:
The Gujarat Government offers an education loan scheme through the Gujarat Education Loan Assistance Scheme (GUEEDC) to support students aspiring to study abroad. To apply for an education loan in Gujarat under the GUEEDC foreign education loan scheme, the applicants must follow the following steps.
Step 1: Visit the Official Website
Go to the official GUEEDC website. Navigate to the section dedicated to education loans. Here, you will find detailed information about the loan scheme, eligibility criteria, and necessary documents.
Step 2: Complete the GUEEDC Foreign Education Loan Form
Fill out the online application form. Provide accurate personal, academic, and financial details as required. Ensure all information is up-to-date and matches your supporting documents.
Step 3: Download the Form
After completing the form, download a copy. Review your application thoroughly before downloading to ensure all details are correct. Save the downloaded form for your records and future reference.
Step 4: Submit the Application Form and Documents
Send the completed application form along with self-attested copies of the required documents. Include all necessary documents such as identification proof, admission letter, financial statements, and academic records. Ensure that all copies are clear and properly attested. Send these documents to the specified address or upload them through the portal, as instructed on the website.
Students must send their application forms and documents directly or post them at the following address -
Knowledge Consortium of Gujarat (KCG), Pragna Puram Campus, Opposite PRL Between Govt. Girls Polytechnic and L.D College of Engineering, Navrangpura, Ahmedabad, Gujarat – 380015
The Gujarat government education loan schemes are flexible and cover a wide range of countries and programs. If you are planning to study in popular destinations like the USA, UK, Canada, Australia, or any other recognized country, you’re eligible to apply. This education loan can be taken for many countries across the globe.
When it comes to programs, the schemes focus on courses that offer strong career prospects and good future income. Loans are available for degrees in STEM (Science, Technology, Engineering, Mathematics) fields, MBBS, pharmacy, nursing, architecture, MBA, and other technical or professional programs.
If applicants have any questions, need assistance filling out the application form, or encounter any other issues, they can call the helpline number 990903938 or email email@example.com between 10:30 AM and 6:00 PM.
The education loan in Gujarat government has a profound impact on the lives of numerous students. It has opened doors to prestigious universities worldwide, enabling students to gain exposure to diverse cultures, cutting-edge research, and innovative academic environments. Some key benefits of this scheme include:
One of the biggest benefits of the Gujarat education loan is the easy loan repayment process that tags along. The Gujarat Government requires students to repay education loans after the course is completed or pay through simple interest.
The Gujarat government education loan for study abroad offers attractive interest rates. These interest rates are highly competitive when compared to the prevailing market interest rates. The lower interest rates make foreign education loans affordable.
Just like other loans, the Gujarat government loan scheme also offers a moratorium period that allows students to start their loan repayment once their course is over. This period allows them to find a decent job and get settled in their career.
The foreign education loan scheme by the Government of Gujarat has made education accessible for students aspiring to study abroad. With substantial financial support, flexible repayment options, and a simplified application process, the GUEEDC foreign education loan scheme has made the abroad education dream a reality for financially weak students. This initiative not only benefits individual students but also contributes to the overall development of Gujarat and India. But if you feel that you do not fulfil the criteria of the Gujarat Government loan schemes then remember that there are multiple financial options. There are other banks and NBFCs that can help you finance your education overseas with favourable and customized education loan options. To stay at the top of your financial game consider taking an education loan with an expert by your side. Check your loan eligibility with GyanDhan and find the best-suited loan offer.
Eligibility criteria for Gujarat government education loans for abroad may vary depending on the specific scheme, but generally, Gujarat residents who have secured admission to recognized universities or institutions abroad for higher studies are eligible to apply.
The collateral requirement for Gujarat government education loan schemes may vary depending on the specific scheme and the loan amount. Generally, collateral or a co-applicant may be required for higher loan amounts. However, Bin Anamat Education Loan Schemes offer education loans without collateral.
The current rate of interest for Gujarat Government education loans is 4%.
To apply for an education loan for study abroad by Gujarat government, generate your GUEEDC login credentials and log on to Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC).
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