Educational Loan Scheme (GBCDC)

What is Educational Loan Scheme (GBCDC)?

The scheme provides financial support to students from socially and educationally backward classes for higher technical and professional education. It offers loans at concessional interest rates for approved graduate and postgraduate courses like engineering, medical, MBA, MCA, and more.

Benefit

1. The maximum loan limit under this scheme is up to ₹ 15,00,000/-. 2. **The interest rate:** - 4% per annum for male students. - 3.5% per annum for female students. 3. **Loan Contribution Breakdown:** - 90% by the National Corporation. - 5% by the State Government. - 5% by the beneficiary. 4. **The loan amount will include the following:** - Admission fees and tuition fees - Accommodation and food expenses > **Validity:** This loan is to be repaid in 60 equal monthly instalments, including interest. The loan must be repaid within 6 months of completing the course or 1 month after getting a job, whichever is earlier.

Level

State — Gujarat

Ministry / Dept.

Social Justice and Empowerment Department

Benefit type

cash

Key eligibility

1. The applicant must be a resident of Gujarat. 1. The applicant should belong to a socially and educationally backward class. 1. The total annual family income should not exceed ₹3,00,000/-. 1. The student must have secured admission through a recognized entrance examination conducted by the Centra

Last verified

Recently

Benefits

1. The maximum loan limit under this scheme is up to ₹ 15,00,000/-. 2. **The interest rate:** - 4% per annum for male students. - 3.5% per annum for female students. 3. **Loan Contribution Breakdown:** - 90% by the National Corporation. - 5% by the State Government. - 5% by the beneficiary. 4. **The loan amount will include the following:** - Admission fees and tuition fees - Accommodation and food expenses > **Validity:** This loan is to be repaid in 60 equal monthly instalments, including interest. The loan must be repaid within 6 months of completing the course or 1 month after getting a job, whichever is earlier.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.

2. Step 2: Online application — step 2

   Step 2: On the top menu bar, click on "Apply Online".

3. Step 3: Online application — step 3

   Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.

4. Step 4: Online application — step 4

   Step 4: Use your registered credentials (User ID and password) to log in.

5. Step 5: Online application — step 5

   Step 5: Click on “New Application”. Select “Educational Loan Scheme” from the list of available schemes.

6. Step 6: Online application — step 6

   Step 6: Fill out the Application Form, enter the following details:

7. Step 7: Online application — step 7

   Personal Information: Name, gender, date of birth, caste, etc. Address Information: Permanent and correspondence address Income Details: Monthly family income and source Loan Requirement: Amount needed, proposed use (e.g., business, self-employment) Bank Account Details : For loan disbursement

8. Step 8: Online application — step 8

   Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

9. Step 9: Online application — step 9

   Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

10. Step 10: Online application — step 10

    Step 9: The Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

Sources & References

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