About this education scheme
Loan scheme offering up to Rs. 15 lakh at 4% simple interest to unreserved category students for MBBS, PG, or equivalent courses abroad with flexible collateral and repayment conditions.
The scheme provides financial loan assistance to students from the unreserved category to pursue higher education abroad. Loans up to Rs. 15 lakh are granted at simple interest of 4% per annum, with flexible repayment options. Security and repayment conditions depend on the loan amount. This scheme aims to support meritorious, economically weaker students for global education opportunities.
Benefits at a glance
| Scheme name | Foreign Study Loan Scheme (GUEEDC) (FSLS) |
|---|---|
| Launched by | Social Justice and Empowerment Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Education |
| Level / State | State · Gujarat |
| Official portal | gueedc.gujarat.gov.in (link at the end of this page) |
Key facts
| Implementing agency | Gujarat Unreserved Educational And Economical Development Corporation |
|---|---|
| Application mode | Online |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Family income limit | Up to Rs. 6 lakh per year |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 55 years
- 🏷️General
- 💰Income Rs. 6 lakh tak
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Loan Amount: Up to Rs. 15.00 lakh
Interest Rate: Simple interest at 4% per annum
Collateral:
Up to Rs. 7.50 lakh: Property valued at 1.5 times the loan amount
Above Rs. 7.50 lakh: Property equal to the loan amount
Loan Repayment:
Up to Rs. 5 lakh: repay in 5 years after 1-year moratorium
Above Rs. 5 lakh: repay in 6 years after 1-year moratorium
Borrower can pre-pay without penalty
Who qualifies
- The applicant must be a citizen of India and a resident of Gujarat.
- The applicant must belong to the Unreserved category.
- The applicant must have passed Class 12 with 60% or more marks.
- The applicant must be seeking admission to MBBS, Master’s, PG Diploma, or equivalent programs abroad.
- The applicant’s annual family income must be Rs. 6.00 lakh or less.
Who is not eligible
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Registration walkthrough
Online
- Visit the Official Website: https://gueedc.gujarat.gov.in
- Click on “Register” and fill in your basic details such as name, email, mobile number, and create a password.
- Login to Your Account.
- From the dashboard, select the “Foreign Study Loan” scheme .
- Fill the Online Application Form.
- Upload Required Documents.
- Submit the Application.
- Save or note down your unique application ID for future reference.
- Print the Application Form.
- Submit the signed hard copy and original documents for verification at the GUEEDC office or as directed.
Frequently asked questions
Who is eligible for this loan?
Students from unreserved category with 60%+ in Class 12 and annual income ≤ Rs. 6 lakh.
What courses are covered under this scheme?
MBBS, Master's degrees, PG diplomas, or equivalent programs abroad.
What is the maximum loan amount available?
Rs. 15 lakh.
What is the rate of interest?
Simple interest at 4% per annum.
Is there any collateral required?
Yes. Property must be mortgaged—1.5× value for loans ≤ Rs. 7.5 lakh, 1× for higher amounts.
When does the repayment start?
One year after course completion.
How long is the repayment period?
5 years for loans ≤ Rs. 5 lakh, and 6 years for loans > Rs. 5 lakh.
Can I repay the loan early?
Yes, prepayment is allowed without penalty.
Do I need to submit post-dated cheques?
Yes, five post-dated cheques in favor of the Corporation.
Where do I apply?
Visit the Official Website: https://gueedc.gujarat.gov.in
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guideline gueedc.gujarat.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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