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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
cash
Last verified: Recently

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

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.

लाभ
- 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.
स्तर
State — Gujarat
मंत्रालय / विभाग
Tribal Development Department
लाभ का प्रकार
cash
मुख्य पात्रता
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
अंतिम सत्यापन
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: cash

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