.svg){kind=small}
About GUEEDC Education Loan
Higher studies are a dream of many of us. However, year-on-year price hikes in the education industry have prevented many students from pursuing higher education to boost their academia. The challenge of funding oneself for education is definitely difficult to work around. To help students overcome this, the Gujarat government offers GUEEDC education loans for higher studies.
GUEEDC was established for the general development of the state of Gujarat's economically disadvantaged unreserved group. It helps students fund their education both nationally and internationally. It also aims to promote the social and economic wellness of people belonging to unreserved categories in Gujarat. Let's learn about the GUEEDC education loan, both for studies in India and abroad, its eligibility criteria, the documents required, and its features.
Features of GUEEDC Education Loan
The GUEEDC full form is Gujarat Unreserved Educational & Economic Development Corporation. It provides students access to numerous loan options tailored specifically to support their academic pursuits. From extending 100% subsidy to economically weaker students in Gujarat to helping them pursue education overseas, GUEEDC is promoting education and social development.
Under this scheme, students and aspirants can apply for an education loan of up to ₹15 lakhs. This loan is available at a minimal rate of interest of 4%. Students belonging to Gujarat can obtain this loan for various national and international study programs. Some of the prominent ones include professional courses, language programs, graduation, and post-graduation.
GUEEDC Foreign Education Loan
The features of the GUEEDC Aboard education loan for studies in foreign countries differ a little from the studies in India.
Click here for Higher Chances of Approval than Banks - Propelld Education Loan
GUEEDC Education Loan Eligibility for Studies in Abroad
- Must have completed 12th with and aggregate more than 60%
- Annual family income must be less than 6 Lakhs
- Eligible courses: MBBS, Graduation, Post-graduation, PG diploma, or equivalent.
- Must belong to the unreserved category
GUEEDC Education Loan for Studies in India
GUEEDC Education Loan Eligibility for Studies in India
The GUEEDC education loan has a set of eligibility criteria that need to be fulfilled for easy access to the loan process. Eligible courses in which a GUEEDC education loan can be granted are MBBS, Graduation, Post-graduation, PG diploma, or related courses. Here is an outline of the eligibility criteria for GUEEDC you must pertain to:
- Completed 12th grade with an aggregate percentage of more than 60% and a student of a school in Gujarat.
- Hailing from Gujarat, and must be a part of an unreserved category, an economically weaker section of the society in Gujarat.
- The applicant has to present documentation of their enrollment in the course for which they are applying for a loan.
- Widows or orphans who are on the priority list of this scheme.
- Annual family income for state education loan programs of not more than the amount of 6 Lakhs.
GUEEDC Foreign Education Loan Documents
To apply for the GUEEDC education loan scheme, which is also primarily known as Videsh Abhyas Education Loan Scheme, you need to have the following GUEEDC foreign education loan documents:
- Identity Proof for the successful identification of identity. These documents include a passport, driver’s license, and national ID card.
- Valid proof of Address like electricity bills, utility bills, or rental bills to substantiate your current residential address.
- Proof of age with documents such as birth certificate, school leaving certificate, or passport.
- Passport-size photographs.
- Valid proof of academic records such as certificates, transcripts, or mark sheets that demonstrate your educational qualifications.
- A photocopy of the acceptance/admission letter from the university or institute where you are planning to take admission.
- Valid income Proof of co-applicant with the help of documents such as salary slips or tax returns.
- Recent bank statements that provide a summary of a co-applicant's financial transactions.
GUEEDC Education Loan Login
Whether you are planning to pursue your higher studies in India or abroad, a GUEEDC education loan can be applied through a common online platform on the e-SamajKalyan Portal. e-SamajKalyan is an online portal that is designed to deliver an easy, hassle-free, and convenient loan application process for students belonging to economically weaker sections of the unreserved community, especially in Gujarat.
Here is the step-by-step process that you must follow while applying for a GUEEDC education loan:
Step 1: To begin the loan application process, you are required to create your account on the portal, e-SamajKalyan. You have to fill in the necessary details such as the basic information, name, date of birth, email address, and mobile number. It will allow the successful verification of your account.
Step 2: You must next log in to your e-SamajKalyan account and reach out to the main page of the portal. Here, you can access the application form. The application form gives you empty fields to provide detailed information about yourself, your family details, academic details, and the course for which you are planning to obtain the loan.
Step 3: Submit your application form after reviewing the information that you inserted documents uploaded. It must be noted that the portal's student-friendly feature also allows you to track the GUEEDC loan status of your application, look for any updates or notifications, and communicate with the regulatory authorities if needed.
Step 4: After the submission of the education loan application form, it will be reviewed by the authorities. The final results of the complete decision of application form approval will be notified to you. If the education loan gets approved, you will be required to sign an agreement for final confirmation. Lastly, you will be required to provide additional documents, such as bank account details and collateral details, if needed.
GUEEDC Scholarship Programs by the Gujarat Government
The objective of the GUEEDC is to provide support for education, economic development, and social development through various programs and initiatives. The loan can be used for paying the hostel fees, tuition fees, and other academic expenses incurred during study abroad.
The Gujarat government also offers multiple GUEEDC scholarship schemes under which it extends loans to students who are pursuing self-financed programs like engineering, nursing, architecture, nursing, and other technical courses abroad. Some of the most important and renowned loan schemes are:
Bin Anamat Education Loan Scheme
This scheme, introduced by the Gujarat government, is meant for economically disadvantaged students who desire to study abroad. This loan scheme covers:
- Loan amount up to ₹20 lakhs without collateral.
- Low interest rate up to 4% for the first year, and 9% in the subsequent years.
- Loans to student populace belonging to socially and economically backward sections.
- Loans to students who are admitted to a recognized and accredited foreign university for a full-time degree course or diploma course.
Dr Baba Saheb Ambedkar Loan Scheme
The Gujarat government also runs the Dr. Baba Saheb Ambedkar Loan Scheme. It is specifically offered to financially assist SC/ST students from Gujarat willing to study abroad. The eligibility criteria to ensure that the loan gets obtained are:
- There is no income limit for students to apply for the loan.
- The education loan is granted to SC/ST students who are planning to study abroad.
- The student has their visa available.
- The students have acquired a minimum of 50% marks in 12th for diploma or technical courses.
- The students have acquired a minimum of 50% marks for PG courses.
Benefits of Gujarat Government's Overseas Education Loan
The Gujarati government's international education loans have a significant influence on the lives of many students. It has made it possible for students to attend esteemed colleges throughout the globe and expose them to a variety of cultures, cutting-edge research, and creative learning settings.
- It allows students to get a quality education that not only helps them create a lucrative career but also enhances their employability.
- It helps students get important knowledge, skills, and exposure to other countries, all of which greatly increase their employability.
- The education loan program helps students achieve academic excellence.
- The skills and knowledge that students acquire from their foreign education are priceless resources that Gujarat and India may use to grow.
GUEEDC Foreign Education Loan Contact Number
Contact Address :
Block No. 2, 7th Floor, D-2 Wing, Karmyogi Bhavan, Sector 10-A, Gandhinagar,
Gujarat - 382010
Contact Number :
079-23258688- 079-23258684
Conclusion
In a nutshell, the GUEEDC Education Loan scheme under the government of Gujarat opens doors to success for economically weaker students. It helps them to pursue higher education in India or abroad. GUEEDC emphasizes that education is an investment in your future by helping students in their endeavors with the necessary financial aid to make their dreams a reality.
Take the first step towards attaining our academic and career goals through the GUEEDC Education Loan Scheme with Propelld. Get your profile assessed under the expert’s guidance. Step up your education loan application process with minimal processing time and get easy loans through end-to-end support. Our team also provides the best financing options according to your educational pursuits.
0 Comments