Interest Subsidy Scheme on Education Loan
State: Gujarat
Ministry: null
Department: Education Department
Category: Education & Learning
Beneficiary Type: Individual

The scheme "Interest Subsidy Scheme on Education Loan" by the Education Department, Gujarat, aims to provide financial support to students by offering 100% interest subsidy on education loans.

Benefits:
- **Interest Subsidy Assistance:** 100% interest subsidy on education loans up to ₹10,00,000/- for the moratorium period (course duration + 1 year).
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Eligibility:
1. The applicant must be a resident of Gujarat.
   1. The applicant must be a student.
   1. The applicant must have passed HSC (Higher Secondary Certificate) with at least 60 percentile.
   1. The applicant must have taken an education loan from a recognized bank for pursuing higher education in India or abroad.
   1. The applicant must have a family income not exceeding ₹6,00,000/- per year.

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Application Process:
[Online]
Registration Process:Step 1: Visit the Official Website and fill in all the details.
Step 2: Set an username and password.
Step 3: Verify the details and click on "Register".
Application Process:Step 1: Visit the Official Website and enter the username and password.
Step 2: Enter all relavant details and fill out the online form.
Step 3: Upload all required documents in the specified format if required.
Step 4: Click on "Submit" to comlete the applicaion process.
Step 5: After completing the full details of the application-submitting your application formprint the acknowledgment receipt.
Step 6: The applicant will have to print the acknowledgment receipt and according to checklist
all Documents send it to the KCG either directly or by courier (all the documents should be selfattested).
Contact Us:Kcg E-Mail Id: isel-kcg[at]gujgov[dot]edu[dot]in
Helpline No: 9909039380 (10:30 AM to 6:00 PM)

Documents Required:
For Fresh Application:Passport Size Photograph (Max 50 KB).
Signature (Max 50 KB).
Marksheet of Standard 12 / Diploma.
Aadhaar Card.
Ration Card.
Income Certificate (Certified by Talati-cum-Mantri / Mamlatdar / TDO).
Proof of Residence (Passport / Driving License / Bank Statement / Ration Card / Telephone Bill / Electricity Bill / Voter ID – any one).
Copy of Education Loan Agreement (Signed and Stamped by Bank Manager).
Copy of Education Loan Sanction Letter (As per KCG format, signed and stamped by Bank Manager).
Copy of Education Loan Disbursement Letter (As per KCG format, signed and stamped by Bank Manager).
Statement of Education Loan Account from first withdrawal date till current date (Signed and Stamped by Bank Manager).
Bank Interest Certificate (Signed and Stamped by Bank Manager).
Copy of First Page of Savings Account Passbook / Bank Statement / Cancelled Cheque (Any one).
Admission Letter (On College/University Letterhead with Signature and Stamp).
Fee Receipts of First Year / First Two Semesters.
Self-Declaration Certificate stating “No benefit from other scheme” (As per KCG format available on website).
Passport Copy (Only for Students Studying Abroad).
Visa or Visa Letter Copy (Only for Students Studying Abroad).
Power of Attorney (Only for Students Studying Abroad).
For Renewal Application:Aadhaar Card.
Ration Card.
Income Certificate (Certified by Talati-cum-Mantri / Mamlatdar / TDO).
Statement of Education Loan Account (From first withdrawal date till current date, signed and stamped by Bank Manager).
Copy of Education Loan Disbursement Letter (As per KCG format, signed and stamped by Bank Manager).
Bank Interest Certificate (Signed and Stamped by Bank Manager).
Marksheet of All Passed Years / Semesters.
Fee Receipts of All Years / Semesters.