Central GovernmentVerified

Overseas Educational Loan Scheme

The "Overseas Educational Loan Scheme" objective is to provide financial/loan assistance to students belonging to minority communities who are pursuing graduate or postgraduate degree courses in recognized universities abroad.

Last verifiedToday

About This Scheme

The "Overseas Educational Loan Scheme" was launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation. The scheme objective is to provide financial/loan assistance to students belonging to minority communities who are pursuing graduate or postgraduate degree courses in recognized universities abroad.

Benefits

₹20.0 L

The loan amount will be provided up to ₹20,00,000/- at a zero interest rate.

Eligibility

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

Required Documents

  • Aadhaar as Residential Proof.
  • Caste/Minority Certificate (issued by the competent authority).
  • Income Certificate (issued by the competent authority).
  • SSLC Marks Card.
  • 12 th Std PU Marks Card.
  • SSLC Transfer Certificate.
  • Present Study Certificate.
  • College Fee Structure.
  • Copy of Passport.
  • Copy of Visa.
  • Sale Deeds & Mother Deed.
  • Khata Extract and Khata Certificate or Mutation.
  • Nil Encumbrance Certificate in form No.15.
  • Up to date Tax paid receipt.
  • Guidance rate from appropriate authority.
  • Spot inspection report of the property by the District Manager.
  • Valuation Report by registered valuer.
  • Affidavit from Applicant.
  • Joint Affidavit from the Beneficiary & the Guarantor.
  • Promissory Note along with D.P Note Delivery letter.

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level
Central Government
Max benefit
₹20.0 L