Educational Loan Scheme (GBCDC)

1. The maximum loan limit under this scheme is up to ₹ 15,00,000/-.
2. The interest rate:

• 4% per annum for male students.
• 3.5% per annum for female students.

1. Loan Contribution Breakdown:

• 90% by the National Corporation.
• 5% by the State Government.
• 5% by the beneficiary.

1. The loan amount will include the following:

• Admission fees and tuition fees
• Accommodation and food expenses

> Validity: This loan is to be repaid in 60 equal monthly instalments, including interest. The loan must be repaid within 6 months of completing the course or 1 month after getting a job, whichever is earlier.

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1. The applicant must be a resident of Gujarat.
2. The applicant should belong to a socially and educationally backward class.
3. The total annual family income should not exceed ₹3,00,000/-.
4. The student must have secured admission through a recognized entrance examination conducted by the Central or State Government, or through a selection process, with at least 50% marks in Class 12 or the qualifying examination.
5. The applicant should have secured admission in a recognized institution for one of the following courses:

• MBA or its equivalent (recognized by AICTE)
• Master of Computer Applications (MCA) or its equivalent (recognized by AICTE)
• Graduate-level engineering courses conducted by IITs or other institutions (recognized by AICTE)
• Medical or allied education such as Ayurvedic, Homeopathy, Unani, etc., from institutions recognized by the Medical Council of India
• Diploma course in Hospitality Management recognized by the National Council of Hotel Management

> Note: Priority will be given to applicants whose family income is up to ₹1,50,000/- per annum.

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Step 1: Visit the official website of the Gujarat Backwards Caste Development Corporation.

Step 2: On the top menu bar, click on &quot;Apply Online&quot;.

Step 3: If you’re a new user, click on &quot;New Registration&quot; Enter personal details (name, mobile number, email, aadhaar number, etc.), create a password, and complete OTP verification.

Step 4: Use your registered credentials (User ID and password) to log in.

Step 5: Click on “New Application”. Select “Educational Loan Scheme” from the list of available schemes.

Step 6: Fill out the Application Form, enter the following details:

• Personal Information: Name, gender, date of birth, caste, etc.- Address Information: Permanent and correspondence address- Income Details: Monthly family income and source- Loan Requirement: Amount needed, proposed use (e.g., business, self-employment)- Bank Account Details: For loan disbursement

Step 7: Upload scanned copies of the Caste certificate, Income certificate, Aadhaar card, Passport-size photo, Bank passbook (first page), and Residence proof.

Step 8: Double-check all details. Click on “Preview” to verify. If all details are correct, click “Submit”.

Step 9: The Applicant will receive an Application ID/Reference Number. Save or print the acknowledgement for future tracking.

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