Gujarat Education Loan Interest Subsidy Scheme 2022 Apply Online at kcg.gujarat.gov.in

Gujarat Education Loan Interest Subsidy Apply Online Form at kcg.gujarat.gov.in: Gujarat Govt. has launched Education Loan Interest Subsidy Scheme 2022 for college students who should not coated underneath Mukhyamantri Yuva Swavalamban Yojana. Under this scheme, all the scholars will get 100% Interest Subsidy on training loans for Moratorium Period (length after all plus 1 extra 12 months). This Gujarat Government Education Loan Subsidy shall stay relevant on mortgage upto a most of Rs. 10 lakh. Registrations are open and candidates can apply on-line on the official web site kcg.gujarat.gov.in

Interest Subsidy Scheme on Education Loans will profit all the brilliant and needy college students to proceed their research after Class twelfth. This scheme is relevant for training loans for Higher Education in Graduate / Post-Graduate /Diploma and Professional Courses topic to the next eligibility circumstances.

All the candidates will need to have handed class twelfth or equal with 60 or extra percentile. In addition, the annual earnings of the household of the candidates from all sources should not exceed Rs. 6 lakh pa

Gujarat Education Loan Interest Subsidy Scheme 2022 Apply Online

In this text, we’ll inform you in regards to the full technique of the right way to apply on-line for Education Loan Interest Subsidy Scheme provided by the Gujarat state authorities.

Gujarat Education Loan Interest Subsidy Application / Registration Form

Below is the whole process to use on-line for Interest Subsidy Scheme on Education Loan in Gujarat:-

STEP 1: Visit the official web site of Knowledge Consortium Of Gujarat kcg.gujarat.gov.in

STEP 2: On the homepage, click on on the “Interest Subsidy Scheme on Education Loan (Registration Open)” link or directly click https://kcg.gujarat.gov.in/education_loan/

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STEP 3: At the opened page, click at the “Online Registration Form for Interest Subsidy Scheme on Education Loan” link or directly click https://kcg.gujarat.gov.in/education_loan/student_login/sign_up.php,

STEP 4: Afterwards, Gujarat Interest Subsidy Scheme Online Application Form will appear as follows:-

• Here candidates can fill their details such as name, e-mail ID, contact number, aadhar number, HSC / Diploma Passing Year, choose stream, enter income details, username, password and then click at the “Register” button.
• Afterwards, the page to enter scholarship information in Gujarat Government Education Loan Scheme online application form will appear as shown below:-

• Enter all your scholarship details correctly and click at “Save” button to proceed to edit the profile to finish the Gujarat Education Loan Interest Subsidy Scheme on-line registration kind filling course of.

For extra particulars on “How to Apply Online for Education Loan Interest Subsidy Scheme in Gujarat”, see the Complete Procedure (with Documents List) , Gujarati (PDF), English (PDF)

Download Gujarat Government Education Loan Scheme Guidelines PDF

All the students must read the rules and regulations before making online application for the interest subsidy scheme on education loans. The instructions are available in the pdf format in both Gujarati and English Language. Students can directly click these link to download Gujarat Government Education Loan Scheme Guidelines PDF:-

Instructions Gujarati (PDF) – https://kcg.gujarat.gov.in/education_loan/pdf/Instruction%20of%20Student-Gujarati.pdf

Instructions English (PDF) – https://kcg.gujarat.gov.in/education_loan/pdf/Instruction%20for%20Student-%20English.pdf

Instructions for Gujarat Government Education Loan Scheme

• Passed class 12 with 60% or more percentiles.
• An annual gross income of parental/family upper limit must be Rs.6.00 lakhs per year (from all sources) and not more than that.
• Student must be passed standard 12 from recognized board or recognized central board and got admission in Recognized Universities of India and abroad.
• Loan must be taken after Government resolution Date:-04/07/2017 from schedule bank.
• Subsidy is available up to 10 lakhs only. If applicant has taken loan more than 10 lakhs then interest should be given on only 10 lakhs and rest of amount should be paid by applicant.
• Under this scheme amount of total interest on education loan up to Rs. 10.00 lakh loan amounts deposited on applicant’ bank loan account. Bank interest rate as per RBI guidelines. No any other charges will pay to bank.
• This is not scheme for providing education loan. Please don’t demand for education loan.
• The applicant will have to fill the application form on the KCG website and submit the Acknowledgment receipt and necessary documents to the scheduled bank. Thereafter, the Scheduled Bank will have to send the necessary endorsement, bank loan and interest details by sending the application to the KCG office. Offline application will not be accepted.
• The applicant must be present whenever called in personal for verification of documents.
• If a student is studying abroad, the student will be considered a power of attorney for the person who has been authorized to sign the various documents on behalf of the applicant while applying in the bank and only the father or mother of the student can sign it or introduce it. If anyone else has given an authority, it will not be considered valid.
• Copy of Income Certificate from competent authority (Mamlatdar / TDO certificate) and Income Tax Return or Self Declaration Certificate (If not eligible to pay income tax).
• The subsidy on Education Loan is only for Moratorium Period (ie Course Period plus one year) after the period of moratorium is over; the interest on the outstanding loan amount shall be paid by the student.
• Interest subsidy will be closed if the student decides to leave and / or leave the study, or if the loan itself is canceled by the bank.
• Automatic interest subsidy will be closed even if the loan is repaid in any case.

Eligibility for Gujarat Education Loan Interest Subsidy Scheme

All the applicants must fulfill the following eligibility criteria to become eligible for this scheme:-

• Applicants must have passed class 12th from Gujarat Higher Secondary Examination Board (GHSEB) or Central Board of Secondary Education (CBSE) and must be enrolled in a recognized University.
• Applicant must have secured at-least 60 percentile in Class 12th examination and should have passed class 12th after 2012 academic year. In case, candidates who have passed class 12th before 2011 where no percentile is shown in marksheet, then such candidates can apply on percentage basis.
• Students enrolled in diploma admission after class 10th (does not possess 12th marksheet) and have taken admission in Graduation / Post graduation can also apply on CGI / CGPA / percentage basis.
• Annual Income of the family of the candidates from all sources must not exceed Rs. 6 lakh.
• All the students who availed educational loan after 4 July 2017 from any schedule bank to pursue higher education in India and abroad are eligible. Moreover, if the loan for student is sanctioned before 4 July 2017 and loan amount is withdrawn after 4 July 2017, the such students are also eligible to apply for this scheme.
• This interest subsidy scheme on education loan is applicable for Graduation / Post Graduation / Diploma and other Professional Courses.

Those students who have left out their studies in middle of school curriculum or have been from institution for certain reasons are Not Eligible. For more details on Interest Subsidy Scheme on Education Loan in Gujarat, see bulletin – Info. Booklet Gujarati (PDF), Info. Booklet English (PDF)

Other Important Links

Checklist of Documents – https://kcg.gujarat.gov.in/education_loan/pdf/Checklist%20of%20Documents.pdf

Scheduled Banks List – https://kcg.gujarat.gov.in/education_loan/pdf/shedual%20bank%20act%201934.pdf

First Renewal of Interest Subsidy Scheme – https://kcg.gujarat.gov.in/education_loan/pdf/First%20Renewal%20of%20Interest%20Subsidy%20Scheme.pdf

List of Approved / Rejected Applications – https://kcg.gujarat.gov.in/education_loan/approved.php

Format for Required Documents – https://kcg.gujarat.gov.in/education_loan/documents.php

Self Declaration For Non IT Returns – https://kcg.gujarat.gov.in/education_loan/pdf/Self%20Declaration%20of%20income%20tax%20return%20not%20pay.pdf

Self Declaration for No Other Scheme Benefit Taken – https://kcg.gujarat.gov.in/education_loan/pdf/Self%20Declaration%20of%20no%20other%20scheme%20avil.pdf

For complete information, visit the official website https://kcg.gujarat.gov.in/education_loan/index.php