Central GovernmentVerified
Guruji Student Credit Card (GSCC) Scheme
Under this scheme, a financial support initiative by the Jharkhand Government to help students pursue higher education without financial constraints. Under this scheme, eligible students can avail of education loans up to ₹15,00,000 at a subsidized 4% simple interest rate, with additional benefits.
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About This Scheme
The Guruji Student Credit Card (GSCC) Scheme was launched by the Department of Higher and Technical Education, Government of Jharkhand. The scheme aims to provide financial support to students pursue higher education without financial constraints. Under this scheme, eligible students can avail education loans up to ₹15 lakhs at a subsidized 4% simple interest rate, with additional benefits for female students.
Benefits
₹15.0 L
- Education loans up to ₹15,00,000/- at a subsidized 4% interest rate.
- Long Repayment Term: Maximum repayment tenure of up to 15 years.
- No Processing Fees: No additional fees for loan processing, sanctioning, or disbursement.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Aadhaar Card.
- ✦Colour Passport-size Photograph.
- ✦Admission Document/Letter.
- ✦Ration Card.
- ✦Resident Certificate.
- ✦Income Certificate.
- ✦Caste Certificate.
- ✦Bank Passbook.
- ✦Birth Certificate.
✦ Required ◦ Optional
How to Apply
OOnline
Registration Process:
- Interested candidate visits the official website GSCCS: Student Credit Card Scheme – Jharkhand
- Click on “Registration” and fill name, email id, captcha, verify the OTP.
- After verification, you get a registration number via SMS.
- Enter user ID, Password and captcha
- Click on “Login”, after that fill the application form basic detail, address
- Upload profile photo and signature
- Click on “Submit” and you will get application id
- Student MLI (Member lending institution) Selection: Student selects an MLI from the onboarded list for loan processing.
- Loan Approval by MLI: MLI reviews and approves/rejects the loan application, specifying loan amount and disbursement timeline.
- Loan Details Upload by MLI: MLI uploads loan details including amount, duration, and repayment period, along with the sanction letter.
- Interest Subvention Block by Corpus Bank: Corpus Bank blocks the required interest subvention amount based on the disbursed loan.
- Course Fee Disbursement by MLI: MLI disburses the institutional expense to the institution’s account as per the student's payment schedule.
- Interest Subvention Payment to MLI: The portal auto-pays the MLI the interest subvention amount at the agreed frequency.
- Repayment Schedule Upload by MLI: MLI uploads the repayment schedule and raises an interest subvention request to DHTE.
- Loan Status Validation by Portal: The portal auto-validates the loan status for all stakeholders, showing interest payment updates.
- Interest Disbursement by Corpus Bank: DHTE sends a request to Corpus Bank for disbursement of interest subvention to the MLI.
Quick Info
- Level
- Central Government
- Max benefit
- ₹15.0 L