New Akanksha Scheme (Higher Education Loan) (GGDC)
This Gujarat state scheme by the Gujarat Gopalak Development Corporation provides low-interest education loans of up to ₹15 lakh to students from the Rabari and Bharwad communities pursuing professional courses such as medicine, engineering, dental, or pharmacy. Interest rates are 3.5% for women and 4% for men, with 95% of the cost funded by the government. Apply online at ggdconline.gujarat.gov.in.
About This Scheme
This Gujarat state scheme by the Gujarat Gopalak Development Corporation provides low-interest education loans of up to ₹15 lakh to students from the Rabari and Bharwad communities pursuing professional courses such as medicine, engineering, dental, or pharmacy. Interest rates are 3.5% for women and 4% for men, with 95% of the cost funded by the government. Apply online at ggdconline.gujarat.gov.in.
Full official description
The "New Akanksha Scheme (Higher Educational Loan)" is implemented by the Gujarat Gopalak Development Corporation (GGDC) under the Social Justice and Empowerment Department, Government of Gujarat. Under this scheme, educational loans of up to ₹15 lakh are provided to students belonging to the Rabari and Bharwad castes from socially and educationally backward classes for pursuing higher professional courses such as medical, dental, engineering, pharmacy, etc.
Benefits
- Loan of up to ₹15,00,000
- Interest rate: 3.5% per annum for women; 4% per annum for men
- 95% of the loan funded by the Corporation and State Government; student contributes just 5%
Who Can Apply (Eligibility)
- Must be a resident of Gujarat
- Must belong to the Rabari or Bharwad caste (Socially and Educationally Backward Class)
- Must be pursuing medical, dental, engineering, pharmacy, or a related higher professional course
- Institution must be approved by AICTE, UGC, or a recognized university
- Total family annual income must not exceed ₹3,00,000
- Age must be between 17 and 45 years
How to Apply
Step 1: Register on the Official Portal
Go to the Official Website Gujarat Gopalak Vikas Nigam. - Scroll down on the homepage, find the "New Aspiration Higher Education Scheme" 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 personal identifiers (Aadhaar No., Ration No., Voter ID), full name, father/husband's name, gender, complete address details, contact numbers, and income details (Applicant's income statement number, Date of receipt of income, Name of the officer issuing the income tax return, Total annual family income). 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
- The applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.
- Go to the Official Website Gujarat Gopalak Vikas Nigam. - 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 scheme about?
This scheme provides education loans for higher education, specifically for vocational courses like medical, dental, engineering, and pharmacy.
What types of courses are covered under this scheme?
Vocational courses of education, like medical, dental, engineering, and pharmacy, are covered under this scheme.
What percentage of the total loan requirement does the scheme cover?
The scheme covers 95% of the total loan amount required.
Am I required to contribute any amount towards the loan?
Yes, there is a beneficiary contribution of 5% of the total loan requirement.
What is the interest rate for female students under this scheme?
The interest rate for female students applying for this loan is 3.5%.
What is the interest rate for male students under this scheme?
The interest rate for male students applying for this loan is 4%.
What is the age limit to apply for this loan scheme?
The age limit to apply for this loan is between 17 to 45 years.
Are there specific caste requirements to be eligible for this scheme?
Yes, the applicant must belong to the Rabari and Bharwad castes from the socially and educationally backward classes.
Does my university need to be recognized for me to be eligible?
Yes, the applicant must have taken admission in a Medical Council of India, AICTE, or UGC recognized university.
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