Foreign Education Scheme
State: Gujarat
Ministry: null
Department: Industries and Mines Department
Category: Education & Learning, Social welfare & Empowerment
Beneficiary Type: Individual

The "Foreign Education Scheme" provides financial assistance for non-reserved category students pursuing higher education abroad after Standard 12.

Benefits:
**Financial Assistance:** A loan of the total tuition fee of the entire course or ₹15,00,000/-, whichever is less, will be provided by the Corporation at a simple interest of 4%.
**Collateral:**

    - For loans of total loan amount of ₹7,50,000/- or less for the entire course, a charge of one and a half times the loan amount will have to be registered on the beneficiary&amp;amp;#39;s own property or that of a relative. 
    - If the total loan amount for the entire course is more than ₹7,50,000/-, the immovable property of oneself or any other relative equal to that total amount will have to be mortgaged in favor of the Corporation.

**Loan repayment:**

    - In case of total loan up to ₹5,00,000/-, it will have to be repaid in equal monthly installments over 5 (five) years, 1 year after completion of studies.
    - In case of loan exceeding ₹5,00,000/-, it will have to be repaid in equal monthly installments over 6 (six) years, starting 1 year after completion of studies.
    - The money from the loan being repaid will continue to be deposited as interest first.
    - The borrower can repay the loan even before the specified time limit.

Eligibility:
1. The applicant must belong to a unreserved category.
1. The applicant must have scored 60% or more in Standard 12.
1. The applicant must have secured admission to an MBBS, graduation, post-graduation, or equivalent diploma course abroad.
1. The applicant’s family&#39;s annual income must be ₹6,00,000/- or less.

Application Process:
[Online]
Registration Process:Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under Corporation menu.
Step 2:Click on "Foreign Education Scheme" and then Apply Now.
Step 3: Click on "New User? Please Register Here".
Step 4: Enter the required details and click Register.
Application Process:Step 1: Enter your User ID, Password, and Captcha Code, then click "Login".
Step 2: Read the scheme details carefully and click OK.
Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.
Step 4: Click Save & Next to proceed. Upload the relevant documents.
Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit".
Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.
Check Application Status: Click here.

Documents Required:
School Leaving Certificate / Jam Certificate
Aadhaar Card Copy
Ration Card Copy
Residence Certificate
Non-Reserved Category Certificate
Annual Income Certificate
IT Return
Admission Letter from the foreign university/college (Application date must be before graduation completion)
If the course does not include a Bachelor's, Master's, or PG Diploma, upload details of the college/university previously attended
Proof of Student’s Income
Annual/Full Course Fee Payment Receipt
Property Encumbrance/Mortgage of Father/Guardian (Appendix-1)
Property Valuation Set and Property Documents of Father/Guardian
Student's Surety Bond for Loan Repayment (Appendix-2)
Copy of Passport
Copy of Air Ticket
Applicant’s Signature
Copy of Mark Sheet of all previous academic examinations
Copy of Degree Certificate