The “Interest Subsidy Scheme on Education Loan” provides 100% interest subsidy to students on their education loans during the moratorium period (course duration plus one year).

Benefits

100% interest subsidy on loans up to ₹10,00,000/- for the entire study period plus one additional year.

Eligibility

• Resident of Gujarat.
• Passed HSC with at least 60 percentile.
• Education loan from a recognized bank for studies in India or abroad.
• Family income not exceeding ₹6,00,000/- per year.

Application Process

Online: https://isel.guj.nic.in/

• Step 1: Register on the ISEL portal.
• Step 2: Fill course and loan details, upload documents.
• Step 3: Visit help center within 7 days for physical verification.

Documents Required

• Marksheet of Std 12/Diploma
• Aadhaar Card and Ration Card
• Income Certificate
• Loan Sanction and Disbursement letters (KCG format)
• Loan account statement and Interest Certificate
• Admission Letter and Fee Receipts
• Self-Declaration of no other benefit