Foreign Education Scheme

Financial Assistance: A loan of the total tuition fee of the entire course or ₹15,00,000/-, whichever is less, will be provided by the Corporation at a simple interest of 4%.

Collateral:

• For loans of total loan amount of ₹7,50,000/- or less for the entire course, a charge of one and a half times the loan amount will have to be registered on the beneficiary's own property or that of a relative.
• If the total loan amount for the entire course is more than ₹7,50,000/-, the immovable property of oneself or any other relative equal to that total amount will have to be mortgaged in favor of the Corporation.

Loan repayment:

• In case of total loan up to ₹5,00,000/-, it will have to be repaid in equal monthly installments over 5 (five) years, 1 year after completion of studies.
• In case of loan exceeding ₹5,00,000/-, it will have to be repaid in equal monthly installments over 6 (six) years, starting 1 year after completion of studies.
• The money from the loan being repaid will continue to be deposited as interest first.
• The borrower can repay the loan even before the specified time limit.

1. The applicant must belong to a unreserved category.
2. The applicant must have scored 60% or more in Standard 12.
3. The applicant must have secured admission to an MBBS, graduation, post-graduation, or equivalent diploma course abroad.
4. The applicant’s family's annual income must be ₹6,00,000/- or less.

> Registration Process:

Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under Corporation menu.

Step 2:Click on "Foreign Education Scheme" and then Apply Now.

Step 3: Click on "New User? Please Register Here".

Step 4: Enter the required details and click Register.

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> Application Process:

Step 1: Enter your User ID, Password, and Captcha Code, then click &quot;Login&quot;.

Step 2: Read the scheme details carefully and click OK.

Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.

Step 4: Click Save &amp; Next to proceed. Upload the relevant documents.

Step 5: If you need to make changes, click &quot;No, Cancel&quot;. If all details are correct, click &quot;Yes, Submit&quot;.

Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.

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> Check Application Status: Click here.