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6% Interest Subsidy on Loans taken through Banks for Study Abroad

The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.

Ministry / Department
Tribal Development Department
Level
State
Benefit type
other
Last verified: Recently

What is 6% Interest Subsidy on Loans taken through Banks for Study Abroad?

The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.

Benefit
- Interest subsidy of 6% per annum on loans taken through banks for foreign education. - Maximum subsidy of ₹1,50,000 for 3 years. - Applicable on loans up to ₹25,00,000.
Level
State — Gujarat
Ministry / Dept.
Tribal Development Department
Benefit type
other
Key eligibility
1. The applicant must be a resident of Gujarat’s tribal areas. 1. The applicant must belong to the Scheduled Tribe category. 1. The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination. 1. The applicant must have secured admission in a recognized foreign university
Last verified
Recently

Benefits

- Interest subsidy of 6% per annum on loans taken through banks for foreign education. - Maximum subsidy of ₹1,50,000 for 3 years. - Applicable on loans up to ₹25,00,000.

Eligibility

1. The applicant must be a resident of Gujarat’s tribal areas. 1. The applicant must belong to the Scheduled Tribe category. 1. The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination. 1. The applicant must have secured admission in a recognized foreign universityArea: GujaratBenefit: other

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Step 1: The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.

    2. Step 2: Offline application — step 2

      Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).

    3. Step 3: Offline application — step 3

      Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.

    4. Step 4: Offline application — step 4

      Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website

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