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Guruji Student Credit Card (GSCC) Scheme

Under this scheme, a financial support initiative by the Jharkhand Government to help students pursue higher education without financial constraints. Under this scheme, eligible students can avail of education loans up to ₹15,00,000 at a subsidized 4% simple interest rate, with additional benefits.

Ministry / Department
Higher and Techical Education Department
Level
State
Benefit type
cash
Last verified: Recently

What is Guruji Student Credit Card (GSCC) Scheme?

Under this scheme, a financial support initiative by the Jharkhand Government to help students pursue higher education without financial constraints. Under this scheme, eligible students can avail of education loans up to ₹15,00,000 at a subsidized 4% simple interest rate, with additional benefits.

Benefit
1. Education loans up to ₹15,00,000/- at a subsidized 4% interest rate. 1. Long Repayment Term: Maximum repayment tenure of up to 15 years. 1. No Processing Fees: No additional fees for loan processing, sanctioning, or disbursement.
Level
State — Jharkhand
Ministry / Dept.
Higher and Techical Education Department
Benefit type
cash
Key eligibility
1. The applicant should be a student. 1. The student should be an Indian national. 1. The student should have completed class 10th to pursue a diploma and class 10th and 12th to pursue undergraduate or higher courses from a recognized school in Jharkhand. 1. The student should have secured admission
Last verified
Recently

Benefits

1. Education loans up to ₹15,00,000/- at a subsidized 4% interest rate. 1. Long Repayment Term: Maximum repayment tenure of up to 15 years. 1. No Processing Fees: No additional fees for loan processing, sanctioning, or disbursement.

Eligibility

1. The applicant should be a student. 1. The student should be an Indian national. 1. The student should have completed class 10th to pursue a diploma and class 10th and 12th to pursue undergraduate or higher courses from a recognized school in Jharkhand. 1. The student should have secured admissionArea: JharkhandBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Registration Process:

    2. Step 2: Online application — step 2

      Interested candidate visits the official website GSCCS: Student Credit Card Scheme – Jharkhand Click on “Registration” and fill name, email id, captcha, verify the OTP. After verification, you get a registration number via SMS.

    3. Step 3: Online application — step 4

      Login Process:

    4. Step 4: Online application — step 5

      Enter user ID, Password and captcha Click on “Login”, after that fill the application form basic detail, address Upload profile photo and signature Click on “Submit” and you will get application id

    5. Step 5: Online application — step 7

      Loan Process:

    6. Step 6: Online application — step 8

      Student MLI (Member lending institution) Selection: Student selects an MLI from the onboarded list for loan processing. Loan Approval by MLI: MLI reviews and approves/rejects the loan application, specifying loan amount and disbursement timeline. Loan Details Upload by MLI: MLI uploads loan details including amount, duration, and repayment period, along with the sanction letter. Interest Subvention Block by Corpus Bank: Corpus Bank blocks the required interest subvention amount based on the disbursed loan. Course Fee Disbursement by MLI: MLI disburses the institutional expense to the institution’s account as per the student's payment schedule. Interest Subvention Payment to MLI: The portal auto-pays the MLI the interest subvention amount at the agreed frequency. Repayment Schedule Upload by MLI: MLI uploads the repayment schedule and raises an interest subvention request to DHTE. Loan Status Validation by Portal: The portal auto-validates the loan status for all stakeholders, showing interest payment updates. Interest Disbursement by Corpus Bank: DHTE sends a request to Corpus Bank for disbursement of interest subvention to the MLI.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website