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Arivu Education Loan Scheme

The "Arivu Education Loan Scheme," launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation, offers loans to students pursuing professional courses like MBBS, B.E., B.Tech., MBA, MCA, LLB, and others in various fields

Ministry / Department
Minorities Welfare Department
Level
State
Benefit type
other
Last verified: Recently

What is Arivu Education Loan Scheme?

The "Arivu Education Loan Scheme," launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation, offers loans to students pursuing professional courses like MBBS, B.E., B.Tech., MBA, MCA, LLB, and others in various fields

Benefit
> ***Loan Amount:*** - The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration. > ***Loan Renewal Process:*** - Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office. > **Loan Repayment:** - Repay the loan with service charges of 2% after 6 months of completion of the course.
Level
State — Karnataka
Ministry / Dept.
Minorities Welfare Department
Benefit type
other
Key eligibility
1. The student should belong to the State Religious Minority Community. 1. The student should be a permanent resident of the State. 1. The annual income of the family should not exceed ₹8,00,000/-.
Last verified
Recently

Benefits

> ***Loan Amount:*** - The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration. > ***Loan Renewal Process:*** - Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office. > **Loan Repayment:** - Repay the loan with service charges of 2% after 6 months of completion of the course.

Eligibility

1. The student should belong to the State Religious Minority Community. 1. The student should be a permanent resident of the State. 1. The annual income of the family should not exceed ₹8,00,000/-.Area: KarnatakaBenefit: other

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Application Process for Fresh Loan:

    2. Step 2: Online application — step 2

      Step-01: Applicant need to visits the Karnataka Minorities Development Corporation official website.

    3. Step 3: Online application — step 3

      Step-02: Click "Apply Online" and Enter "Mobile Number" and "Submit".

    4. Step 4: Online application — step 4

      Step-03: Enter "Aadhaar Number" Fill in the "Captcha" and Select "Next".

    5. Step 5: Online application — step 5

      Step-04: Applicant will get OTP in his/her Aadhaar Linked Mobile Number.

    6. Step 6: Online application — step 6

      Step-05: Enter "OTP" and select "Continue", After that Allow the official notice.

    7. Step 7: Online application — step 7

      Step-06: After verifying the Aadhaar again fill in the "OTP" and Submit.

    8. Step 8: Online application — step 8

      Step-07: Select the scheme "Sikhligar’s Community Development Scheme" and fill in the basic details father's name, gender, qualification detail

    9. Step 9: Online application — step 9

      Step-08: Select "Next" Fill in the address detail and again select "Next".

    10. Step 10: Online application — step 10

      Step-09: Upload the required document passport-size photo, educational document, income certificate, etc.

    11. Step 11: Online application — step 11

      Step-10: Click "Proceed" and Select "Submit Application" and get an Application ID.

    12. Step 12: Online application — step 13

      Application Process for Renewal loan:

    13. Step 13: Online application — step 14

      Step-01: Go to the Karnataka Minorities Development Corporation official website .

    14. Step 14: Online application — step 15

      Step-02: Choose the "Arivu Education Loan Scheme" and click "Apply Online."

    15. Step 15: Online application — step 16

      Step-03: Select "ARIVU.Renewal" Enter mobile number and "Submit".

    16. Step 16: Online application — step 17

      Step-04: Applicant's personal, address, and bank details will be pre-filled from the previous application. No need to fill them again.

    17. Step 17: Online application — step 18

      Step-05: Upload the required document and Submit the application.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website

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