The scheme provides financial loan assistance to students from the unreserved category to pursue higher education abroad. Loans up to ₹15 lakh are granted at simple interest of 4% per annum, with flexible repayment options.
Benefits
- Loan Amount: Up to ₹15.00 lakh
- Interest Rate: 4% simple interest
- Collateral: Property worth 1.5x for loans up to ₹7.5 lakh; equal value for loans above ₹7.5 lakh.
- Moratorium: 1-year after course completion.
Eligibility
- Citizen of India and resident of Gujarat.
- Unreserved category student.
- Passed Class 12 with 60% or more marks.
- Seeking admission to MBBS, Master’s, or PG Diploma abroad.
- Family income ₹6.00 lakh or less.
Application Process
Online: https://gueedc.gujarat.gov.in/
- Register on the website.
- Login and select “Foreign Study Loan”.
- Fill form and upload documents.
- Submit online and print the form.
- Submit the signed hard copy and original documents for verification at the GUEEDC office.
Documents Required
- Class 12 Marksheet
- Category and Income proof
- Admission letter and Passport/Visa copy
- Collateral documents and 5 Post-dated cheques
- Identity proof and Bank details
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