Educational Loan for Higher Education for students of Minority (Concessions for Persons with Disability)

Social Justice & Empowerment Department

Beneficiary Type: Student

Objective

To provide support for quality education.

Objective

To enable equitable access to quality higher education for minority students with disabilities by reducing financial constraints through concessional loans.

Benefits

The scheme provides following beneifts to the student of minority communities (religious minorities such as Christian, Muslim, Jain, Buddhist, Parsis): 1) For short term education loan (short courses): A loan of INR 3 lakh, 2) For higher education in India: From INR 2 lakh to INR 10 lakh loan, 3) For higher education in foreign country: From INR 4 lakh up to INR 20 lakh loan (all loans at interest rate of 3% per annum up to max. 60 months time period). For applicant with 40% or more disability can obtain the same benefits but for up to loan of INR 4 lakh, no interest rates

Eligibility

1) the applicant must be from religious minority, 2) The age of the applicant must be between 16 and 32 years, 3) The annual household income fo the applicant must be INR 1,03,000 per annum in urban areas and INR 81,000 per annum in rural areas

Coverage Area

Application Method

For further details, please contact the nearest government bank or the Managing Director of Gujarat Minority Finance and Development Corporation

Application Form

https://gmfdconline.gujarat.gov.in/

Documents Required

Loan Application Form (duly filled and signed),Passport-size Photographs,Aadhaar Card,Ration Card,Disability Certificate,Income Certificate,Admission Letter,Mark Sheets / Certificates,Course Fee Structure ,Bank Passbook / Account Details,Collateral Documents ,Affidavit / Declaration

Information Source

https://sje.gujarat.gov.in/dsd/scheme/scholership-scheme

Gender Male,Female,Others
Age 0 to 100
Caste General,Scheduled Caste,Scheduled Tribe,Socially and Economically Backward Communities / Other Backword Class
Economic Status APL,BPL,Both
Occupation Student
Sector Education Sector
Income Criteria Not Applicable
Citizen Senior Citizen, Non Senior Citizen

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