Loans to Tribal Students for Higher Studies Abroad
The scheme's purpose is to offer financial assistance to tribal students for higher education abroad. It provides a loan of up to ₹15,00,000 at a 4% annual interest rate.
About the Loans to Tribal Students for Higher Studies Abroad Scheme
The "Loans to Tribal Students for Higher Studies Abroad" scheme was launched by the Tribal Development Department, Government of Gujarat. The scheme aims to provide financial assistance to tribal students who wish to pursue higher education in foreign universities. Through this scheme, eligible Scheduled Tribe (ST) students can avail a loan at a concessional interest rate of 4% per annum.
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Benefits
Monetary Benefit:
- Loan of up to ₹15,00,000 or the actual cost of study/training abroad, whichever is lower.
Interest Rate:
- 4% per annum.
Penalty Interest:
- 2.5% per annum for late repayment.
Beneficiary Contribution:
- No contribution is required from the beneficiary.
Repayment Terms:
- Repayment to be made in 60 monthly installments.
- Repayment starts 6 months after completion of studies.
- Early repayment is permitted.
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Eligibility Criteria
- The applicant must be a resident of Gujarat.
- The applicant must be a student.
- The applicant must belong to the Scheduled Tribe (ST) category.
- The applicant must have secured special merit in Matriculation, Higher Secondary, Indian School Certificate, or its equivalent examination.
- The applicant must have secured admission to a recognized foreign university for higher education.
- The applicant must have passed the Higher Secondary Certificate (HSC) or equivalent examination.
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How to Apply for Loans to Tribal Students for Higher Studies Abroad
Application mode: Online
##### Registration Process
- Visit the Gujarat Tribal Development Corporation official website. - Click on the "APPLY FOR LOAN".- Select the scheme name "Foreign Study".
- Fill the registration form: Full Name (as per Aadhaar Card), Gender, Date of Birth, Aadhaar Number, Mobile Number, Uder name, Password for login, Confirm Password.
- Click on the "Sign Up.
- After successful registration, User ID and Password will be generated.
##### Login and Application Process
- Enter User ID, Password, and Captcha Code.
- After login, schemes applicable to your caste will be displayed.
- Click on the scheme you want to apply for.
- Fill the "Application Form" and upload the required documents
- Click Save Application. The system will generate an Application Number.
- Click Print Application.
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Frequently Asked Questions
What is the Loans to Tribal Students for Higher Studies Abroad scheme?
The "Loans to Tribal Students for Higher Studies Abroad" scheme was launched by the Tribal Development Department, Government of Gujarat. The scheme aims to provide financial assistance to tribal students who wish to pursue higher education in foreign universities. Thr…
Who is eligible for Loans to Tribal Students for Higher Studies Abroad?
The applicant must be a resident of Gujarat. The applicant must be a student. The applicant must belong to the Scheduled Tribe (ST) category. The applicant must have secured special merit in Matriculation, Higher Secondary, Indian School Certificate, or its equivalent examination. The applicant mus…
What benefits does Loans to Tribal Students for Higher Studies Abroad provide?
Monetary Benefit: Loan of up to ₹15,00,000 or the actual cost of study/training abroad, whichever is lower. Interest Rate: 4% per annum. Penalty Interest: 2.5% per annum for late repayment. Beneficiary Contribution: No contribution is required from the beneficiary. Repayment Terms: Repayment to be…
How can I apply for Loans to Tribal Students for Higher Studies Abroad?
Registration Process Visit the Gujarat Tribal Development Corporation official website. - Click on the "APPLY FOR LOAN".- Select the scheme name "Foreign Study". Fill the registration form: Full Name (as per Aadhaar Card), Gender, Date of Birth, Aadhaar Number, Mobile Number, Ud…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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