Educational Loan Scheme (GMFDC)

Educational Loan Scheme (GMFDC)

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The GMFDC provides financial loans for technical and medical education in India or abroad for minority students.

Benefits

  • India (General): Max ₹1.5 Lakh/year (₹7.5 Lakh total).
  • India (Medical): Max ₹2.5 Lakh/year (₹12.5 Lakh total).
  • Abroad: Max ₹3 Lakh/year (₹15 Lakh total).
  • Interest rate: 3% (low income) to 8% (higher income).

Eligibility

  • Gujarat resident from Minority communities (Muslim, Christian, Sikh, Jain, Buddhist, Parsi, Jewish, etc.).
  • Age: 16-32 years.
  • Income limits: ₹98,000 (rural), ₹1,20,000 (urban) for 3% rate. Max ₹8,00,000 for other rates.

Application Process

Online through https://gmfdconline.gujarat.gov.in/. Register, login, fill application, upload documents, and submit.

Documents Required

  • Identity and Address Proof
  • Income and Minority Certificate
  • Educational Qualification Certificate
  • Bank Passbook

Disclaimer

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