Arivu Education Loan Scheme

> *Loan Amount:*

• The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration.

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> *Loan Renewal Process:*

• Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office.

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> Loan Repayment:

• Repay the loan with service charges of 2% after 6 months of completion of the course.

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1. The student should belong to the State Religious Minority Community.
2. The student should be a permanent resident of the State.
3. The annual income of the family should not exceed ₹8,00,000/-.

*Application Process for Fresh Loan:*

Step-01: Applicant need to visits the Karnataka Minorities Development Corporation official website.

Step-02: Click &quot;Apply Online&quot; and Enter &quot;Mobile Number&quot; and &quot;Submit&quot;.

Step-03: Enter &quot;Aadhaar Number&quot; Fill in the &quot;Captcha&quot; and Select &quot;Next&quot;.

Step-04: Applicant will get OTP in his/her Aadhaar Linked Mobile Number.

Step-05: Enter &quot;OTP&quot; and select &quot;Continue&quot;, After that Allow the official notice.

Step-06: After verifying the Aadhaar again fill in the &quot;OTP&quot; and Submit.

Step-07: Select the scheme &quot;Sikhligar’s Community Development Scheme&quot; and fill in the basic details father&#39;s name, gender, qualification detail

Step-08: Select &quot;Next&quot; Fill in the address detail and again select &quot;Next&quot;.

Step-09: Upload the required document passport-size photo, educational document, income certificate, etc.

Step-10: Click &quot;Proceed&quot; and Select &quot;Submit Application&quot; and get an Application ID.

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*Application Process for Renewal loan:*

Step-01: Go to the Karnataka Minorities Development Corporation official website.

Step-02: Choose the &quot;Arivu Education Loan Scheme&quot; and click &quot;Apply Online.&quot;

Step-03: Select**** &quot;ARIVU.Renewal&quot; Enter mobile number and &quot;Submit&quot;.

Step-04: Applicant&#39;s personal, address, and bank details will be pre-filled from the previous application. No need to fill them again.

Step-05: Upload the required document and**** Submit the application.

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