By:
Government of Karnataka
Scholarship Level:
Stream:
Region:
Scholarship Category:
Provider Type
Scholarship Amount
₹. 50,000 to ₹ 3 lakh
Course Names
Degree and Some Professional Courses
Contact Details
8277799990; mwdhelpline@karnataka.gov.in
Last Date
July 10 2024
The Karnataka Minorities Development Corporation (KMDC) is behind the Arivu Education Loan Scheme. Under this program, Karnataka students can receive a minimal interest rate of 2% annually on an education loan up to INR 3 lakh for technical education courses.
Students from Karnataka's religious minority populations, such as Muslims, Jains, Sikhs, Christians, Buddhists, and Parsis, are eligible to apply for this program. The only candidates for this education loan program are those who have been accepted into MBBS, BDS, Ayush, Bachelor of Architecture, Bachelor of Engineering, Bachelor of Technology, or Bachelor of Science programs through the Karnataka Examination Authority (CET/NEET) for Government/Private Colleges under the Government Quota.
Students from Karnataka's religious minority populations, including Muslims, Jews, Sikhs, Christians, Buddhists, and Parsis, are eligible to apply for this program.
The loan facility is only available to students selected for courses like M.B.B.S., B.D.S., Ayush, B.Arch., B.E., and B.Tech by the Karnataka Examination Authority (via CET/NEET).
Through the Direct Benefit Transfer (D.B.T.) method, the student's allotted loan amount is transferred straight from the K.M.D.C. to the bank account of their chosen college.
You can now access the application portal. The KMDCL Online Application Management System allows students to renew their Arivu education loans. The Arivu education loan last date is July 10, 2024. Go to kmdconline.karnataka.gov.in, the program's official website, to apply.
Students applying for the Arivu Education Loan must meet specific eligibility requirements. Please check the following standards:
When borrowers submit valuable objects as security for loans, they refer to collateral as assets like homes, properties, cars, and other valuable possessions.
When a student applies for a loan, their margin money represents their commitment to the overall cost of their education. Borrowers set aside a certain sum of money as their investment.
The program is offered to students enrolled in particular courses. The following is a list of the approved courses:
The following are possible career paths: Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal Science, Food Technology, Bio-Technology, Fisheries, Home/Community Sciences, Food Nutrition and Dietetics; B.Pharma; M.Pharma; D.Pharma; B.E.; M.E.; M.Tech.; B.D.S.; M.D.S.; B.Ayush.; M.Ayush. ; M.B.A.; M.C.A.; L.L.B.; B.Arch.; M.Arch.; M.Arch.; B.Sc.
The maximum loan amounts under the scheme vary based on the course. Kindly consult the table below for more precise information regarding the loan limits:
All eligible students must know the applicable interest rates to apply for the plan.
Students who wish to apply for this loan program must provide the following paperwork with their application:
Note: Applicants must complete all required fields indicated in the photos above. Both Kannada and English versions of the declaration forms and bonds are accessible.
Students who would like to extend their loans for an additional year must go to their district offices and pay a fee equal to 12% of the total amount borrowed from the company the year before.
Karnataka Minorities Development Corporation Contact Information: Phone: 8277799990; Email: mwdhelpline@karnataka.gov.in
Students from Karnataka state's religious minority community who make less than eight lacs annually as a family qualify for an Arivu Education loan. Additionally, the student needs to be a Karnataka resident.
Up to Rs. 3,00,000 in education loans are available to students for each course. The course that the student is taking will determine the precise loan amount.
After the 6-month or 1-year course moratorium expires, the Arivu education loan can be repaid by students to the government in 4 years.
Arivu Education Loan is a program in Karnataka that provides education loans to students from the state's religious minority populations.
Yes, students from the state's religious minority populations are eligible for this program, which is provided by the Karnataka Minorities Development Corporation (KMDC).
Indeed. Students from Karnataka's minority religious communities, including Muslims, Christians, Buddhists, Jains, Sikhs, and Parsis, are eligible to apply for the program.
Yes, as mandated by the program, students must begin repaying their loans a year after finishing their studies and must do so within six months.
After a year of course completion, students have six months to repay their loans, plus a two percent service charge.
If you are already enrolled in classes, you are eligible for the Karnataka Arivu Education Loan Scheme. However, to qualify for the Government Quota for Government/Private Colleges, you must have been accepted into a higher education program via the Karnataka Examination Authority (CET/NEET).
The Arivu Education Loan Program: The Karnataka Minorities Development Corporation is currently accepting applications for the Arivu Education Loan Scheme 2024 (KMDC). To enable students from the state's religious minority communities to continue professional courses, this program proposes loans at a low-interest rate of 2% yearly.
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