How To Apply Online for Interest Subsidy Scheme on Education Loan in Gujarat @ www.kcg.gujarat.gov.in

How To Apply Online for Interest Subsidy Scheme on Education Loan in Gujarat @ www.kcg.gujarat.gov.in: 

 

In today’s world, everybody understands the necessity of education. Not to talk about the needy class or middle class. Even the higher income groups also do not have any other option but to educate themselves. This is extremely important as the world is changing fast. To keep pace with the latest world with its growing technological advancement people need education. Gujarat is a very progressive state and it has a great reputation as far as the modern industrialization is concerned. The widespread industry in the state demands a huge educated population which would support the manpower requirement of the various industries. In this situation, online arrangement for interest subsidy by Gujarat Government is a great help for the needy good student.

Opportunities can help the needy only with Government intervention

Though enough opportunity has opened up in providing jobs for the educated young but to achieve such education is not easy. With the development of the society as the living cost is growing steadily it is becoming increasingly difficult for the most to get a required qualification. There have been continuous suggestions from various sources for the government to support educated youth in their education. Without the support of the state authority, it is almost impossible for most to achieve proper education for the lucrative jobs. In this line, the State Government has come up in a great way to provide required financial assistance to the young job seekers during their education. 

Government is providing great assistance for the needy good student

Now a good student need not be worried or depressed as he or she can aspire for the higher education. The Government had accepted the role of a true guardian to provide the financial assistance required for the education of the good students of lower and middle-class family. Education, particularly after 12th standard, is really tough to continue for the needy. A lot of colleges and educational institution has come up during last decade but most of them are too expensive. Almost beyond the reach of a good student who belongs to the average family.

Here some students cannot give up the idea of getting higher education because of the financial crisis. They approach various banks and take a loan for their education. Here the Gujarat State Government has taken a vital role. The Government is trying to help these students by providing them interest subsidy scheme on their loan. It is really a great job by the Government of Gujarat to provide 100% interest subsidy on loan by the students for their higher educations. The subsidy is provided for one year and also another year.

The students, who will get the benefit of interest subsidy

The scheme for the interest subsidy is applicable for the good student who belongs to the economically weak class. The basic objective of interest subsidy is to provide financial support to the excellent students who cannot afford the cost of higher education. The scheme has been announced by the Gujarat Government to provide 100% interest subsidy. Let us see the conditions required to avail such interest subsidy.

➤The students passed 12th standard with 60% after 2012.
➤The students passed 12th standard before 2011 from GHSEB can also apply.
➤The students passed 10th standard and enrolled for some diploma and then took admission for graduation or post graduation and do not have the mark sheet of the 12th standard can apply in the bass of CGPA/CPI/ Percentage mentioning 60% or more in the mark sheet.
➤Family income of the student should not exceed 6 lakh.
➤Taken a loan for higher education from the scheduled banks.
➤The students took loan after 4th July 2017. The students who got the sanction of the loan before 4th July 2017 but withdrawn the loan after 4th July 2017 can also apply.
➤Eligible courses for the subsidy is wide open for the student. It can be for the graduation or post-graduation. It can also be for some diploma or any professional course.
➤The subsidy is for one year of the course and one more year. After this period interest payable on the remaining loan has to be borne by the student.
➤Disbursement will be made on yearly basis as per the details provided by the student in the registration form.

The appreciable gesture of the Gujarat Government for education

Education Loan Interest Subsidy Scheme announced by the Government of Gujarat is designed to help out the student who does not get the benefit of Mukhayamantri Yuva Swavalamban Yojana. The subsidy is applicable for loan amount to a maximum of ten lakh rupees. For the registration, the student needs to apply online on the official website for the scheme. The eligible students can apply online for the interest subsidy on KCG website http://www.kcg.gujarat.gov.in/. It can be mentioned here that in the 2017-18 Budget the Gujarat Government had allocated 500 lakh crore for the subsidy.

 

Let us now see the steps that a student should follow to avail the interest subsidy.

http://www.kcg.gujarat.gov.in/ is the official website of Knowledge Consortium of Gujarat. The interested student, first of all, should visit the website.
Then click on the link titled as “Interest Subsidy Scheme on Education Loan (Registration Open)”. Otherwise, the student can directly click on this link.
After this “Online Registration Form for Interest Subsidy Scheme on Education Loan”
On clicking the application form for online Gujarat Interest Subsidy Scheme would appear. The student needs to fill up the eligibility details. This includes a percentage in 12th standard and year of passing with the stream. The annual income of the Guardian, Aadhar No, and personal email id.
After filling up the detail click next. Then the screen for “Registration Form for Interest Subsidy Scheme on Education Loan” will appear. After correctly filling all the personal details including name, father’s name, address, school, board and other relevant information submitted.

The interested student can also get an idea of this scheme from the complete procedure on “How to Apply Online for Education Loan Interest Subsidy Scheme in Gujarat”. The guidance is available in Gujarati and English. Let all the students who are eligible take this opportunity and make a prosperous life.