New Akanksha Scheme (Educational Loan) (GTKVN)
₹15 lakh education loan · 3.5–4% interest · Thakor & Koli students Gujarat
Students from Thakor and Koli communities in Gujarat can get subsidized education loans up to ₹15 lakhs for professional courses like engineering, MBBS, MBA, or MCA. Male students pay 4% annual interest and female students pay just 3.5%, with repayment starting 6 months after course completion. Apply online through the Gujarat Thakor and Koli Vikas Nigam portal at gtkdconline.gujarat.gov.in.
About This Scheme
Students from Thakor and Koli communities in Gujarat can get subsidized education loans up to ₹15 lakhs for professional courses like engineering, MBBS, MBA, or MCA. Male students pay 4% annual interest and female students pay just 3.5%, with repayment starting 6 months after course completion. Apply online through the Gujarat Thakor and Koli Vikas Nigam portal at gtkdconline.gujarat.gov.in.
Full official description
The "New Akanksha Scheme (Educational Loan)" is implemented by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide financial support for higher technical and professional education to students belonging to Thakor and Koli communities. Under this scheme, loans are provided at subsidized interest rates to students for pursuing graduate and postgraduate studies in fields such as engineering, medical, MBA, and MCA.
Benefits
- Education loan up to ₹15,00,000 (or actual course cost, whichever is lower)
- Low interest: 4% per annum for male students; 3.5% per annum for female students
- Covers tuition fees, books, equipment, hostel, food, travel, and insurance
- No upfront contribution required from the applicant
- Repayment starts within 6 months of course completion or employment (whichever is earlier)
- Repayment over 5 years (60 monthly installments)
💡 Why Startups Should Care
With interest as low as 3.5% for women students, this scheme makes engineering, medical, and MBA degrees financially achievable for Thakor and Koli families who might otherwise rule out expensive professional education.
Who Can Apply (Eligibility)
- Must be a resident of Gujarat
- Must belong to the Thakor or Koli caste/community
- Annual family income must not exceed ₹3,00,000
- Must have secured merit-based admission in a recognized institution for MBA, MCA, MBBS, or undergraduate engineering (AICTE/IIT/MCI approved)
- Management quota admissions are not eligible
- At least 50% of loans reserved for families earning under ₹1,50,000/year
Exclusions
- Loan is not eligible for admissions obtained under management quota
How to Apply
- Visit gtkdconline.gujarat.gov.in and click "Apply Now" in the top menu.
- Select the New Akanksha Educational Loan scheme.
- Fill in academic and personal details.
- Upload Aadhaar, caste certificate, income certificate, and marksheets.
- Submit the application and track status.
Frequently Asked Questions
Who can apply for this loan?
Applicants from Thakor or Koli caste can apply.
What is the maximum loan amount?
Up to ₹15,00,000/- can be availed as a loan.
Are management quota students eligible?
No, management quota admissions are not eligible.
What does the loan cover?
It covers tuition fees, books, living expenses, and insurance.
When does loan repayment start?
Repayment starts 6 months after course completion or employment.
What is the beneficiary’s contribution?
The beneficiary must contribute 5% of the total cost.
Can I apply offline?
No, applications must be submitted online at gtkdconline.gujarat.gov.in
Who implements the scheme?
The Gujarat Thakor and Koli Vikas Nigam (GTKVN).
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card
- Caste certificate
- Income certificate
- Other marksheets/last year marksheet
- Ration card
- School leaving certificate
- Bank passbook / cancelled cheque