New Akanksha Scheme (Educational Loan) (GNDTDC)
This Gujarat state scheme by the Nomadic and Denotified Tribes Development Corporation provides subsidized education loans of up to ₹10 lakh to students from Nomadic and Denotified Tribe communities pursuing higher professional courses like engineering, medicine, MBA, MCA, or nursing. Interest rates are 3.5% for women and 4% for men — far below commercial education loan rates. Apply online at gndcdconline.gujarat.gov.in.
About This Scheme
This Gujarat state scheme by the Nomadic and Denotified Tribes Development Corporation provides subsidized education loans of up to ₹10 lakh to students from Nomadic and Denotified Tribe communities pursuing higher professional courses like engineering, medicine, MBA, MCA, or nursing. Interest rates are 3.5% for women and 4% for men — far below commercial education loan rates. Apply online at gndcdconline.gujarat.gov.in.
Full official description
The "New Akanksha Scheme (Educational Loan)" is implemented by the Gujarat Nomadic and Denotified Tribes Development Corporation (GNDTDC) under the Social Justice and Empowerment Department, Government of Gujarat. Under this scheme, educational loans are provided to students belonging to Nomadic and Denotified Tribes communities for pursuing higher professional and technical education at the graduate and postgraduate levels.
Benefits
- Loan of up to ₹10,00,000 covering tuition, books, accommodation, food, exam fees, and insurance
- Interest rate: 3.5% per annum for women; 4% per annum for men
- 90% funded by Central Corporation + 5% by State Government; student contributes just 5%
- Repay in 60 monthly installments, starting 6 months after course completion or getting a job (whichever is earlier)
Who Can Apply (Eligibility)
- Must be a resident of Gujarat
- Must belong to a Nomadic Tribe or Denotified Tribe
- Total family annual income must not exceed ₹3,00,000
- Must be enrolled in an approved course: MBA, MCA, engineering (IIT/AICTE-approved), medical (MCI-recognized), or nursing diploma
- Admission must not be through a management quota
- At least 50% of the total loan pool is reserved for families with income up to ₹1,50,000
Exclusions
- Loan is not eligible in case of admission obtained under management quota.
How to Apply
Step 1: Visit the Official Portal
Go to the Official Website Gujarat Nomadic and Denotified Tribes Development Corporation.- Scroll down on the homepage, find the "Educational Loan (New Akanksha Yojana)" and click on "Apply Now".
You will be directed to the application form. Step 2: Access and Fill Out the Application Form
Complete all sections under "Applicant information," including full name, father/husband's name, gender, complete address details, contact numbers, Aadhaar No., parents/husband/guardian occupation and income details. Also provide Date of Birth, Age, Caste, and Subspecies. Also, if you are disabled and provide a percentage.
For each applicable qualification (SSC, HSC, Diploma, Degree, Graduation), tick the checkbox and fill in the Degree, Board/University Name, Academic year, and Percentage obtained.
Fill in details about the college/institution admitted to, university affiliation, course name, enrollment number, organisation address, website, course duration (in years and semester), and date of admission.
Specify who accredited the course/institution, their name, and address. Proof of accreditation must be submitted.
Select "Yes" or "No" for "Have you obtained admission through government-mandated admission?".
If staying in a hostel, provide the Hostel name, Hostel address, and Hostel contact number.
Fill in the requested loan amounts for Admission Fee, Tuition Fee, Examination Fee, Hostel Fee, Estimated cost of books/stationery, and Other fees.
List details of any physical assets owned (land, house, government property, NCC, LIC, KVP, etc.).
Indicate if anyone in the family works in a government/private sector job. If "Yes," provide Name, Designation, Place, and Salary details.
Fill in the Bank Account Number, select the Bank Name from the dropdown, provide the Branch Name, Name as per Account, select Bank Account Type (Saving/Current), and enter the MICR Code and IFSC Code.
Step 3: Review and Final Submission
- Carefully review each module. Use the preview option to examine the application before final submission. Fill out the provided "CAPTCHA" and Click on “Submit”.
Track and Review Status
- Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
- Go to the Official Website Gujarat Nomadic and Denotified Tribes Development Corporation.- Scroll down and locate the Know App Status. Click on "Know App Status".
- Select the Scheme name, Enter App No., and Birth Date. Fill out the Captcha and click on Submit.
Frequently Asked Questions
What is the objective of the scheme?
This scheme provides educational loans for students pursuing higher professional and technical education at the graduate and postgraduate levels.
Who are the beneficiaries of this scheme?
The scheme is specifically for students belonging to nomadic or denotified castes.
What types of expenses does the loan amount cover?
The loan covers admission fees, tuition fees, books, writing materials, necessary equipment, examination fees, accommodation, food expenses, and insurance policy premiums.
What is the annual interest rate for this scheme?
4% per annum for male students and 3.5% per annum for female students.
What is the contribution for this scheme?
The scheme has a 90% contribution from the Central Corporation, 5% from the State Government, and 5% from the beneficiary.
How long do I have to repay this loan?
This loan will have to be repaid in 60 equal monthly instalments, including interest.
What type of educational courses are eligible for this scheme?
Eligible courses include an MBA or its equivalent, an MCA or its equivalent, IIT/AICTE-approved graduate-level engineering, approved professional graduate-level courses, medical education from an MCI-recognised college, and Nursing Diploma courses.
What details about my family's occupation and income are needed?
You need to provide details of the business/job/occupation and total income of your father/husband/guardian and your mother.
What educational qualification details do I need to provide?
You should provide details for SSC, HSC, Diploma, Graduation, and Post Graduation, including Board/University name, main topic, academic year, percentage, and attempt number for each.
What information about my university and course should I provide?
You need to provide the name of the college admitted, the affiliated university, the course name, course duration, the date of admission, and the year/semester for which you are seeking the loan.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar Number
- Ration Number
- Voter ID (Voter Identification Number)
- Income Certificate
- Educational Qualification Certificates (SSC, HSC, Diploma, Degree, Graduation)
- University Information
- Accreditation Proof (from the authority that accredited the course/institution)
- Hostel Details (if applicable)
- Admission Fee Details (for the entire course)
- Tuition Fee Details
- Examination Fee Details
- Hostel Fee Details (Boarding and Food Expenses for the entire course)
- Estimated Cost of Books, Stationery and Other Materials required for the course
- Other Fees Details
- Bank Account Details