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Educational Loan Scheme (GBCDC)

The scheme provides financial support to students from socially and educationally backward classes for higher technical and professional education. It offers loans at concessional interest rates for approved graduate and postgraduate courses like engineering, medical, MBA, MCA, and more.

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About This Scheme

The scheme "Educational Loan Scheme" is implemented by the Gujarat Backward Classes Development Corporation (GBCDC) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide financial support for higher technical and professional education to students belonging to belonging to socially and educationally backward classes. Under this scheme, loans are provided at concessional interest rates to eligible students pursuing approved graduate and postgraduate professional & technical courses in fields such as engineering, medical, MBA, MCA, etc.

Benefits

₹15.0 L · annual

1. The maximum loan limit under this scheme is up to ₹ 15,00,000/-.

2. The interest rate:

4% per annum for male students.
3.5% per annum for female students.

3. Loan Contribution Breakdown:

90% by the National Corporation.
5% by the State Government.
5% by the beneficiary.

4. The loan amount will include the following:

Admission fees and tuition fees
Accommodation and food expenses

Validity: This loan is to be repaid in 60 equal monthly instalments, including interest. The loan must be repaid within 6 months of completing the course or 1 month after getting a job, whichever is earlier.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Class 12 Marksheet/Qualifying Examination Marksheet
✦
Identity proof
✦
Caste Certificate
✦
Income Certificate
✦
Admission Letter from a government-approved admission committee or under the government quota.
✦
Fee Structure Certificate from the institution
✦
Bank Account Details
✦
Declaration/Proof of Non-Receipt of Assistance under the Hon'ble Chief Minister's Youth Self-Reliance Scheme (if applicable).

✦ Required ◦ Optional

How to Apply

OOnline

Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.

Step 2: On the top menu bar, click on "Apply Online".

Step 3: If you’re a new user, click on "New Registration" Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.

Step 4: Use your registered credentials (User ID and password) to log in.

Step 5: Click on “New Application”. Select “Educational Loan Scheme” from the list of available schemes.

Step 6: Fill out the Application Form, enter the following details:

Personal Information: Name, gender, date of birth, caste, etc.
Address Information: Permanent and correspondence address
Income Details: Monthly family income and source
Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)
Bank Account Details: For loan disbursement

Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 9: The Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

Quick Info

Level: Central Government
Max benefit: ₹15.0 L