Gujarat Government Education Loan For Study Abroad

The Gujarat Government Education Loan for Study Abroad helps students from Gujarat pursue higher education overseas without financial strain. If you dream of studying in top foreign universities but worry about funds, this scheme offers up to 15lakh at a subsidized interest rate.

Why Gujarat Government provide Education Loan for Study Abroad Matters?

Studying abroad opens doors—better courses, global exposure, and enhanced career options. But costs often hold back deserving students. That’s where the Gujarat Government’s scheme steps in:

• It offers a loan up to 15 lakh at just 4% interest, far below bank rates 
• The state covers total interest up to 10 lakh during your study + 1-year moratorium 
• You repay only the principal after graduation—no stress over mounting interest.

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Gujarat Government Education Loan for Study Abroad – Key Details

The Gujarat Government Education Loan for Study Abroad scheme, managed by GUEEDC (Gujarat Unreserved Educational & Economical Development Corporation), supports students in the unreserved (general) and EWS categories.

Loan Amount & Interest

• Up to 15lakh or actual tuition fees—whichever is less.
• Simple interest at 4% per annum 

Interest Subsidy

• 100% interest subsidy on the first 10lakh during program + 1year grace 
• After the moratorium, you repays only principal.

Collateral

• Loans ≤ 7.5lakh: collateral = 1.5× loan value in property.
• Loans > 7.5lakh: mortgage property equal to loan amount 

Gujarat Government Education Loan Scheme – Who Can Apply?

1. Residency and Academics

• Must reside in Gujarat.
• Must hold ≥60% in Class 12 (or equivalent)

2. Financial Limits

• Family income ≤ 6lakh per year 

3. Admission Status

• You need an admission letter from a recognized foreign college or university 

4. Category Fit

• The scheme targets general/EWS and unreserved students.
• EWS eligibility up to 6lakh income; general category ≤ 6lakh (for ≤ 10lakh collateral-free) 
• Specific schemes like “Samaj Kalyan” help SC/ST/OBCs with similar terms 
• Only loans from scheduled banks (post-July 4, 2017) qualify

5. Conditions & Caps

• Interest subsidy covers up to 10lakh; excess interest must be paid by student If you drop out, subsidy halts immediately Only 2 beneficiaries per family can take loans

Gujarat Government Education Loan for Study Abroad Eligibility – Quick View

Education Loan for OBC Students in Gujarat – Other Options

If you belong to OBC, SC, or ST, Gujarat government offers other supportive schemes:

• Samaj Kalyan Education Loan:
   
  • Applicable to SC/ST/EBC/OBC students
  • Up to 15lakh with 4% interest, moratorium = course + 6 months, repayment tenure up to 10 years 
  • Requires guardian collateral.
     
• NBCFDC Scheme:
   
  • Focuses on BPL OBC students.
  • Loans up to 20lakh @4% interest; female applicants get 0.5% concession 

These schemes support Education Loan for OBC students in Gujarat and widen access to quality education.

Gujarat Education Loan Application Form – How to Apply?

Follow a step-by-step process:

Step 1: Get Admission & all the paper work ready

• Secure offer from foreign college/university.
   
• Gather required documents:
  • Class 10/12 mark sheets
  • Admission letter
  • Gujarat residence proof
  • Category certificate (if applicable)
  • Bank passbook copy, Aadhaar, passport, visa copy
  • Collateral documents (if needed)
  • Self-declaration for no other subsidy 

Step 2: Apply Online via GUEEDC/KCG Portal

• Visit GUEEDC or Knowledge Consortium of Gujarat (KCG) website.
• Register, login, fill form, upload documents. Save/print acknowledgement 

Step 3: Bank Submission

• Submit printed form and documents to a scheduled bank handling education loans.
• Bank reviews and forwards to KCG/GUEEDC for approval.

Step 4: Loan penalty & payment

• Once approved, the bank disburses the loan.
• Government sends interest subsidy annually to bank (for first 10lakh) 

Step 5: Track & Repay

• Use application ID to monitor progress.
• After your moratorium, repay principal in 5–6 years via EMI as per loan terms.

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How to Apply for Education Loan from Gujarat Government – Summary

• Check your eligibility.
• Gather documents.
• Apply online via GUEEDC/KCG portal.
• Submit form & documents at the bank.
• Bank processes & disburses funds.
• Govt subsidizes interest during moratorium.
• Repay principal later.

Benefits & Why You Should Apply

1. Low-Cost Education – Just 4% interest, with subsidy on the first 10lakh.
2. No Early Burden – Start paying 1 year after studies end.
3. Up to 15lakh – Large enough for many programs across Science, STEM, Medical, or master’s.
4. Access for All – Schemes cover general, EWS, OBC, SC/ST students.
5. Growth in Usage – In 2024–25 alone, GUEEDC funded 2,182 crore for almost 15,000 students

Common FAQs: Loan Info Simplified

Q1. Can 10yearolds apply?

Answer: No. Applicants must be Class12 pass and at least 17 or 18 years old. Parents can help prepare early.

Q2. What if I belong to OBC?

Answer: You can apply under Samaj Kalyan or NBCFDC schemes, both offer up to 15–20lakh at 4% interest.

Q3. What documents support the Gujarat education loan application form?

Answer: Required documents include mark sheets, admission letter, residential & category certificates, income proof, bank and collateral papers 

Final Thoughts

The Gujarat Government Education Loan for Study Abroad paves the way for brilliant, pushed students to pursue their dreams globally. With its flexible phrases, low interest, and generous subsidy, it empowers you to be aware of your desires—no longer finances.

Whether you're a 17yrvintage faculty-leaver or a 30yearantique expert, the adventure starts with eligibility. If you meet residency, academics, and earnings standards, and you've got that university provided, move beforehand—practice online, reach out for your financial institution, and deliver wings to your ambition.