About this banking scheme
The "Educational Study Scheme" provides financial assistance in the form of loans for self-supporting graduate-level courses in professional fields such as Medical, Dental, Engineering, Technology, Pharmacy, Architecture, Nursing, Homeopathy, Veterinary, and similar disciplines.
The "Educational Study Scheme" introduced by the Social Justice and Empowerment Department, Gujarat, aims to support students pursuing undergraduate and postgraduate professional courses by providing affordable education loans. The loan is available for courses accredited by the relevant councils and is applicable for students studying within Gujarat as well as in other states/UTs for select higher education institutions like IIM, IIT, NID, NIFT, IRMA, and TISS. The scheme is being implemented by the Gujarat Unreserved Education and Economical Development Corporation.
Benefits at a glance
| Scheme name | Educational Study Scheme (ESSG) |
|---|---|
| Launched by | Social Justice and Empowerment Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Gujarat |
| Official portal | esamajkalyan.gujarat.gov.in (link at the end of this page) |
Key facts
| Implementing agency | Gujarat Unreserved Education And Economical Development Corporation |
|---|---|
| Scheme for | Individual |
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 40 years
- 🏷️General
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Financial Assistance: A loan of the total tuition fee of the entire course or Rs. 10,00,000/-, whichever is less, will be provided by the Corporation at a simple interest of 4%.
Collateral:
- For loans of total loan amount of Rs. 7,50,000/- or less for the entire course, a charge of one and a half times the loan amount will have to be registered on the beneficiary's own or relative's property.
- If the total loan amount for the entire course is more than Rs. 7,50,000/-, the immovable property of oneself or any other relative equal to that total amount will have to be mortgaged in favor of the Corporation.
Loan repayment:
- In case of total loan up to Rs. 5,00,000/-, the loan amount along with interest will have to be repaid in equal monthly installments over 5 (five) years, 1 year after completion of studies.
- In case of loan of more than Rs. 5,00,000/-, the loan amount along with interest will have to be repaid in equal monthly installments over 6 (six) years, starting 1 year after completion of studies.
- The loan amount being repaid will be credited first as interest.
- The borrower can repay the loan even before the specified time limit.
Who qualifies
- The applicant must be from Gujarat
- The applicant must belong to the unreserved category.
- The applicant must have passed Standard 12 with 60% or more from any school in the state of Gujarat.
- The annual family income limit for state educational loan schemes will remain at Rs. 6,00,000/- or less.
Note:
- Priority is given to widows and orphans when sanctioning loans under this scheme.
- The loans of those who drop out mid-studies or fail to obtain a degree within the stipulated time frame will be subject to recovery at once and interest subsidy will not be available.
Who is not eligible
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Registration walkthrough
Online
Registration Process:
Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under the Corporation menu.
Step 2:Click on "Training Assistance for Competitive Examinations" 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: Click here.
Post Online Application Procedure: After submitting the online application, the applicant must take a printout of the application, sign it, and submit it along with all uploaded documents (certificates, mark sheets, etc.) to the concerned Deputy Director (Non-Reserved Category) or the District Social Welfare Officer through courier, post, or by visiting in person.
Contact Us: Click here.
Frequently asked questions
What is the "Educational Study Scheme"?
The "Educational Study Scheme" is a loan assistance program that provides financial support to students pursuing professional and technical courses by offering loans at a simple interest rate of 4% per annum.
Who is eligible to apply for this scheme?
Any student who has passed Class 12 with at least 60% marks from a school in Gujarat, belongs to the unreserved category, has a family income of Rs. 6.00 lakhs or less, and has secured admission in an accredited professional course is eligible to apply.
What is the maximum loan amount available under this scheme?
The maximum loan amount available is the total tuition fee of the entire course or Rs. 10,00,000/-, whichever is lower.
Which courses are covered under this scheme?
The scheme covers professional courses such as Medical, Dental, Engineering, Technology, Pharmacy, Architecture, Homeopathy, Veterinary, Physiotherapy, and Nursing, among others. General courses like BBA, BCom, BA, and BSc are not covered.
Can students studying outside Gujarat apply for this loan?
Students studying outside Gujarat can apply only if they have secured admission in select higher education institutions such as IIM, IIT, NID, NIFT, IRMA, or TISS.
What is the interest rate charged on the loan?
The loan is provided at a simple interest rate of 4% per annum.
When does the loan repayment start, and what is the repayment period?
The loan repayment starts one year after the completion of the course. Loans up to Rs. 5,00,000/- must be repaid in equal monthly installments over five years, while loans above Rs. 5,00,000/- must be repaid over six years.
Can a student repay the loan before the scheduled repayment period?
Yes, the borrower can repay the loan before the stipulated period without any penalties.
What happens if a student drops out or fails to complete the degree?
If a student drops out or fails to complete the degree within the stipulated time, the entire loan amount must be repaid immediately, and the interest subsidy will not be available.
Are there any special provisions for widows and orphans?
Yes, priority is given to widows and orphans when sanctioning loans under this scheme.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines gueedc.gujarat.gov.in
- User Manual esamajkalyan.gujarat.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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