Arivu Education Loan Scheme

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

cash

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

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

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.