6% Interest Subsidy on Loans taken through Banks for Study Abroad
6% interest subsidy up to ₹1.5 lakh for 3 years · ST students studying abroad Gujarat
Scheduled Tribe students from Gujarat's tribal areas who take a bank loan to study abroad can receive a 6% annual interest subsidy for up to 3 years, with a maximum total benefit of ₹1,50,000 on loans up to ₹25 lakh. The scheme is run by the Gujarat Tribal Development Department and applies to admissions at recognized foreign universities. Apply in person at the Project Administrator office, Gujarat Tribal Development Corporation, Gandhinagar, or at your tribal district office.
About This Scheme
Scheduled Tribe students from Gujarat's tribal areas who take a bank loan to study abroad can receive a 6% annual interest subsidy for up to 3 years, with a maximum total benefit of ₹1,50,000 on loans up to ₹25 lakh. The scheme is run by the Gujarat Tribal Development Department and applies to admissions at recognized foreign universities. Apply in person at the Project Administrator office, Gujarat Tribal Development Corporation, Gandhinagar, or at your tribal district office.
Full official description
The "6% Interest Subsidy on Loans taken through Banks for Study Abroad" scheme was launched by the Tribal Development Department, Government of Gujarat. The scheme aims to support Scheduled Tribe (ST) students pursuing higher education abroad by reducing their financial burden. Under this scheme, beneficiaries receive an interest subsidy on education loans with a maximum subsidy for three years.
Benefits
- Interest subsidy of 6% per annum on the education loan taken from a bank
- Maximum subsidy: ₹1,50,000 total over 3 years
- Applicable on education loans up to ₹25,00,000
💡 Why Startups Should Care
Studying abroad is a major financial commitment — a 6% interest subsidy on loans up to ₹25 lakh substantially reduces the total cost of that education for ST students, making international degrees more accessible.
Who Can Apply (Eligibility)
- Must be a resident of Gujarat's tribal areas
- Must belong to the Scheduled Tribe (ST) category
- Must have passed HSC (Class 12) or an equivalent examination
- Must have secured admission to a recognized foreign university for higher studies
How to Apply
- Visit the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, during office hours.
- Collect and fill in the application form with education loan and admission details.
- Attach fee receipt, marksheets, and professional course certificate.
- Submit the application to the Project Administrator's office.
- The office processes verification and disburses the interest subsidy annually.
Frequently Asked Questions
Who is eligible for this scheme?
No, the application process is free of cost.
What is the maximum subsidy amount?
The maximum subsidy of ₹1,50,000 for 3 years.
Is there any income limit for applicants?
No, there is no income limit.
For how many years is the subsidy applicable?
For a maximum of 3 years.
What documents are required for application?
Aadhaar card, caste certificate, loan approval letter, educational mark sheets, admission letter, and fee receipts.
Is there any application fee?
No, the application process is free of cost.
Where should the application be submitted?
The application is submitted at the office of the Tribal District Sponsorship Administrator.
From where can the application form be obtained?
From the Project Administrator office of Gujarat Tribal Development Corporation, Gandhinagar, or tribal district offices.
Is the scheme available for studies within India?
No, it is only for studies abroad.
Can I apply for this scheme online?
No, the application process is offline.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Birth certificate
- Certificate of professional course
- Identity card
- Marksheets
- Passport-size photo
- Fee receipt
- Bank passbook / cancelled cheque