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Education & Learning; Banking,Financial Services and Insurance

6% Interest Subsidy on Loans taken through Banks for Study Abroad

The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- Interest subsidy of 6% per annum on loans taken through banks for foreign education. | - Maximum subsidy of ₹1,50,000 for 3 years. | - Applicable on loans up to ₹25,00,000.

Who can apply

The applicant must be a resident of Gujarat’s tribal areas.; The applicant must belong to the Scheduled Tribe category.; The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination.; The applicant must have secured admission in a recognized foreign university for higher studies.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who is eligible for this scheme?

No, the application process is free of cost.

What is the maximum subsidy amount?

The maximum subsidy of ₹1,50,000 for 3 years.

Is there any income limit for applicants?

No, there is no income limit.

For how many years is the subsidy applicable?

For a maximum of 3 years.

What documents are required for application?

Aadhaar card, caste certificate, loan approval letter, educational mark sheets, admission letter, and fee receipts.

Is there any application fee?

No, the application process is free of cost.

Where should the application be submitted?

The application is submitted at the office of the Tribal District Sponsorship Administrator.

From where can the application form be obtained?

From the Project Administrator office of Gujarat Tribal Development Corporation, Gandhinagar, or tribal district offices.

Is the scheme available for studies within India?

No, it is only for studies abroad.

Can I apply for this scheme online?

No, the application process is offline.