Foreign Education Scheme
At a Glance
Scheme Category
Education & Learning,Social welfare & Empowerment,International education,Loan
Target Beneficiaries
Individual
Brief Description
The "Foreign Education Scheme" provides financial assistance for non-reserved category students pursuing higher education abroad after Standard 12.
Benefit Type
Cash
Eligibility Criteria
1. The applicant must belong to a unreserved category. 1. The applicant must have scored 60% or more in Standard 12. 1. The applicant must have secured admission to an MBBS, graduation, post-graduation, or equivalent diploma course abroad. 1. The applicant’s family&39;s annual income must be ₹6,00,000/- or less.
Application Mode
Online
Application Process
> Registration Process: Step 1: Go to the Corporation&39;s <nis:link nis:type=webUrl nis:id=slugId nis:text="official website" nis:value=https://esamajkalyan.gujarat.gov.in/ nis:enabled=true/> and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under Corporation menu. Step 2:Click on "Foreign Education Scheme" and then Apply Now. Step 3: Click on "New User? Please Register Here". Step 4: Enter the required details and click Register. > Application Process: Step 1: Enter your User ID, Password, and Captcha Code, then click "Login". Step 2: Read the scheme details carefully and click OK. Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address. Step 4: Click Save & Next to proceed. Upload the relevant documents. Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit". Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application. > Check Application Status: <nis:link nis:type=webUrl nis:id=slugId nis:text="Click here" nis:value=https://esamajkalyan.gujarat.gov.in/ViewApplicationStatus.aspx nis:enabled=true/>.
Required Documents
- School Leaving Certificate / Jam Certificate
- Aadhaar Card Copy
- Ration Card Copy
- Residence Certificate
- Non-Reserved Category Certificate
- Annual Income Certificate
- IT Return
- Admission Letter from the foreign university/college (Application date must be before graduation completion)
- If the course does not include a Bachelor's, Master's, or PG Diploma, upload details of the college/university previously attended
- Proof of Student’s Income
- Annual/Full Course Fee Payment Receipt
- Property Encumbrance/Mortgage of Father/Guardian (Appendix-1)
- Property Valuation Set and Property Documents of Father/Guardian
- Student's Surety Bond for Loan Repayment (Appendix-2)
- Copy of Passport
- Copy of Air Ticket
- Applicant’s Signature
- Copy of Mark Sheet of all previous academic examinations
- Copy of Degree Certificate
FAQs
What is the objective of the "Foreign Education Scheme"?
"Foreign Education Scheme" is designed to support meritorious students from economically weaker sections who wish to pursue higher education abroad.
Who is eligible to apply for this scheme?
The applicant must belong to a non-reserved category, have scored at least 60% in Standard-12, and have secured admission to an eligible foreign university for MBBS, graduation, post-graduation, or an equivalent diploma course. Additionally, the applicant’s family income must be ₹6,00,000/- or less.
What is the maximum loan amount that can be availed?
The applicant can avail a maximum loan amount of ₹15,00,000/- for higher studies abroad.
What is the interest rate of the loan?
The loan is provided at a simple interest rate of 4% per annum.
How long does the applicant have to repay the loan?
If the loan amount is up to ₹5,00,000/-, the applicant must repay it in 5 years, starting 1 year after course completion. If the loan amount exceeds ₹5,00,000/-, the repayment period is 6 years, starting 1 year after course completion.
Is early repayment of the loan allowed?
Yes, the applicant can repay the loan before the specified tenure without any penalties.
What type of collateral is required for the loan?
If the loan amount is up to ₹7,50,000/-, the applicant must provide a charge of 1.5 times the loan amount on their own or a relative's property. If the loan amount exceeds ₹7,50,000/-, immovable property of equal value must be mortgaged in favor of the Corporation.
Does the applicant need a guarantor for the loan?
No separate guarantor is required, but collateral in the form of property must be provided.