Interest Subsidy Scheme on Education Loan

About This Scheme

Benefits

Eligibility

• •

  The applicant must be a resident of Gujarat.
• •

  The applicant must be a student.
• •

  The applicant must have passed HSC (Higher Secondary Certificate) with at least 60 percentile.
• •

  The applicant must have taken an education loan from a recognized bank for pursuing higher education in India or abroad.
• •

  The applicant must have a family income not exceeding ₹6,00,000/- per year.

Required Documents

• ✦
  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).
• ✦
  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.

✦ Required ◦ Optional

How to Apply