Foreign Education Scheme
Education loan up to ₹15 lakh at 4% interest for foreign study · non-reserved category · Gujarat
This Gujarat scheme provides low-interest education loans to non-reserved category students who want to study MBBS, graduation, post-graduation, or equivalent diploma courses abroad. Students can borrow up to ₹15,00,000 at just 4% simple interest, repayable one year after completing their studies. Apply online through the e-Samaj Kalyan Portal at esamajkalyan.gujarat.gov.in.
About This Scheme
This Gujarat scheme provides low-interest education loans to non-reserved category students who want to study MBBS, graduation, post-graduation, or equivalent diploma courses abroad. Students can borrow up to ₹15,00,000 at just 4% simple interest, repayable one year after completing their studies. Apply online through the e-Samaj Kalyan Portal at esamajkalyan.gujarat.gov.in.
Full official description
The "Foreign Education Scheme" introduced by the Social Justice and Empowerment Department, Gujarat, is designed to support meritorious students from economically weaker sections who wish to pursue higher education abroad. The financial assistance helps cover tuition fees, living expenses, and other educational costs. The repayment structure is flexible, ensuring students can repay the loan after completing their studies. The scheme is being implemented by the Gujarat Unreserved Education and Economical Development Corporation.
Benefits
- Loan of up to ₹15,00,000 or total course tuition — whichever is lower — at 4% simple interest
- Repayment starts 1 year after completing studies: over 5 years for loans up to ₹5,00,000; over 6 years for loans above ₹5,00,000
- Early repayment is allowed at any time
💡 Why Startups Should Care
For study-abroad platforms or edtech companies targeting Gujarat students, this 4% interest loan (compared to typical 10–14% education loans) is a significant differentiator — highlighting its availability in your marketing can convert cost-hesitant aspirants.
Who Can Apply (Eligibility)
- Must belong to the non-reserved (open/general) category
- Must have scored 60% or more in Standard 12
- Must have secured admission to an MBBS, graduation, post-graduation, or equivalent diploma course abroad
- Annual family income must not exceed ₹6,00,000
Exclusions
How to Apply
- Visit esamajkalyan.gujarat.gov.in and navigate to the Gujarat Unreserved Education and Economic Development Corporation (GUEDC) section.
- Register with your personal and educational details; log in once registered.
- Select the Foreign Education Scheme and fill out the application form completely.
- Upload all required documents including admission proof from the foreign institution.
- Submit your application and note the reference number to track your loan status.
Frequently Asked Questions
What is the objective of the "Foreign Education Scheme"?
"Foreign Education Scheme" is designed to support meritorious students from economically weaker sections who wish to pursue higher education abroad.
Who is eligible to apply for this scheme?
The applicant must belong to a non-reserved category, have scored at least 60% in Standard-12, and have secured admission to an eligible foreign university for MBBS, graduation, post-graduation, or an equivalent diploma course. Additionally, the applicant's family income must be [?]6,00,000/- or less.
What is the maximum loan amount that can be availed?
The applicant can avail a maximum loan amount of [?]15,00,000/- for higher studies abroad.
What is the interest rate of the loan?
The loan is provided at a simple interest rate of 4% per annum.
How long does the applicant have to repay the loan?
If the loan amount is up to [?]5,00,000/-, the applicant must repay it in 5 years, starting 1 year after course completion. If the loan amount exceeds [?]5,00,000/-, the repayment period is 6 years, starting 1 year after course completion.
Is early repayment of the loan allowed?
Yes, the applicant can repay the loan before the specified tenure without any penalties.
What type of collateral is required for the loan?
If the loan amount is up to [?]7,50,000/-, the applicant must provide a charge of 1.5 times the loan amount on their own or a relative's property. If the loan amount exceeds [?]7,50,000/-, immovable property of equal value must be mortgaged in favor of the Corporation.
Does the applicant need a guarantor for the loan?
No separate guarantor is required, but collateral in the form of property must be provided.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- School leaving certificate or JAM certificate
- Aadhaar card
- Ration card
- Residence certificate
- Non-Reserved Category certificate
- Annual income certificate
- IT return
- Admission letter from the foreign educational institution