- Gujarat’s Foreign Education Loan Scheme offers minority students loans up to
915 lakh at 4% annual interest for studying abroad. - To be eligible, you should belong to a minority group, have scored at least 60% in 12th or equivalent, and your family income should be below
96 lakh per year. - The scheme offers flexible repayment options, giving you up to six years to repay after a one-year grace period once your studies are over.
Gujarat’s Foreign Education Loan Scheme helps minority students with affordable loans up to
915 lakh so you can pursue higher studies overseas. This government scheme supports students who meet certain academic and income requirements, making it easier to achieve your dreams of studying internationally with clear eligibility and easy repayment plans.
Who Can Apply for the Foreign Education Loan Scheme in Gujarat?
This scheme is for minority students who have passed their 12th standard or an equivalent recognized course with at least 60% marks. You and your family should have a combined income of no more than
96 lakh a year. The scheme is open to students planning to study abroad in diploma, undergraduate, postgraduate, Ph.D., or other eligible courses lasting at least one year or two semesters. A maximum of two students from one family can benefit from this scheme.
Loan Amount, Interest Rates, and Repayment Details
You can borrow up to
915 lakh under this scheme at a low annual interest rate of 4%. The scheme offers flexible repayment:
Loan up to
95 Lakh
- Repayment starts one year after you finish your studies
- Pay back in equal monthly installments over 5 years
Loan above
95 Lakh
- Repayment starts one year after you finish your studies
- Pay back in equal monthly installments over 6 years
Academic Programs Covered Under the Scheme
This scheme supports students pursuing higher education abroad, including diploma, undergraduate, postgraduate, postgraduate diploma, and Ph.D. programs. To qualify, courses must last at least one year or two semesters, so you are involved in a solid academic program.
Also Read – National Overseas Scholarship Scheme by Ministry of Social Justice for SC and Marginalized Students
How to Apply for the Foreign Education Loan Scheme
If you’re a minority student interested in applying, get in touch with the Gujarat Minorities Development Corporation (GMDC), which manages this scheme. You’ll need to submit your academic records, proof of minority status, income certificates, admission letters from foreign institutions, and other needed documents. Support and guidance are available through GMDC offices across Gujarat.
Support and Benefits for Minority Students
The Foreign Education Loan Scheme shows Gujarat government’s effort to help minority students by removing financial hurdles for studying abroad. The social justice and empowerment department along with GMDC makes sure loan help is simple and reachable, so talented young people can build better futures through international education.