Scholarship for higher education||unreserved and education backvard

 Scheme Name: Foreign Study Loan

 Plan Form / Loan Assistance Standards:

 For non-reserved class students for higher studies abroad for post-graduate as well as post-graduation diploma or other equivalent course after Std-12 only M.B.B.S.  13.00 lakh foreign study loan will be provided by the corporation.

 Eligibility Criteria: 90% or more in Std-12.

 Interest rate: Simple interest at 5% per annum.

 Income Limit: Annual income limit of the family is less than Rs.5.00 lakhs.

 Loan Guarantee / Documents:

 The total loan amount for the entire course is Rs. 3.50 lakhs or less.

 If the total loan amount of the entire course is more than Rs.2.50 lakh, the total amount will have to be mortgaged in favor of oneself or any other relative's real estate corporation.

 Each borrower will have to provide five post dated checks signed in favor of the corporation

 Loan repayment:

 In case of total loan up to Rs.5.00 lakhs, it has to be paid in 5 (five) years in equal monthly installments after 1 year of completion of study.

 In case of loan of more than Rs.2.00 lakh, it will have to be paid in equal monthly installments in 6 (six) years after 1 year of completion of study.

 The repayable loan money will have to be deposited at first interest.

 The borrower can repay the loan even before the fixed time limit

Plan Form / Loan Assistance Standards:

 State-run medical, dental, self-contained undergraduate courses, vocational courses, engineering, technology, pharmacy, architecture, ayurvedic, homeopathy, physiotherapy, veterinary, etc.  Except for BAC, BA etc.,) Total tuition fee of the entire course or Rs.

 The scheme will provide loans for undergraduate level courses in the state as well as for medical undergraduate, medical postgraduate and postgraduate courses in IIM, IIT, NID, NIFT, IRMA, TISS.

 Eligibility Criteria: 90% or more in Std-12.

 Interest rate: 6% per annum

 Income limit: Annual income limit of the family is Rs. 4.00 lakhs or less.

 Applicants must be of non-reserved class.

 Eligibility and Lending Criteria for Educational Schemes

 Must have passed Std-12 from any school in the state of Gujarat with 90% or more.

 Who will be eligible for a loan for a course accredited by the relevant council of that course.

 Applicants should be from Gujarat and should be from non-reserved category.

 Proof of admission to the relevant course will have to be submitted.

 The interest rate on the loan will be 5% simple interest per annum.  The same amount will be lent per year.  Simple interest will be considered accordingly.

 The widow and orphan beneficiary will have to give priority to the applicant.

 Loans for those who drop out in the middle of the study or do not get the degree within the stipulated time limit will be eligible for simultaneous recovery and interest will not be eligible.

 The annual income limit of the family for the educational loan schemes of the State shall be 4.00 lakhs or less.

 Loan Guarantee / Documents:

 The total loan amount for the entire course is Rs. 3.50 lakhs or less.

 If the total loan amount of the entire course is more than Rs.2.50 lakh, the total amount will have to be mortgaged in favor of oneself or any other relative's real estate corporation.

 Each borrower will have to provide five post dated checks signed in favor of the corporation.

 Loan repayment:

 In case of total loan up to Rs.5.00 lakh, the loan amount should be repaid with interest in equal monthly installments in 5 (five) years after 1 year of completion of study.

 In case of loan of more than Rs.2.00 lakh, the loan amount should be repaid with interest in equal monthly installments in 6 (six) years after 1 year of completion of the study.

શૈક્ષણિક લોન વિશે વધુ ગુજરાતીમાં જાણવા માટે અહીં ક્લિક કરો

 The loan amount repaid will be credited at first interest.

 The borrower can repay the loan even before the fixed time limi