Loan for Foreign Study (EBC): Eligibility, Benefits & Complete Details

The scheme "Loan for Foreign Study (E.B.C.)" was launched by the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide students belonging to the Educationally Backward Class (E.B.C.) with financial assistance for higher education abroad. The scheme provides a maximum loan of Rs.15,00,000/- (Rupees Fifteen Lakh) for higher studies in foreign countries.

Maximum financial loan assistance of up to ₹15,00,000 for higher education in foreign countries (covering tuition, air tickets, hostel, and books for the first year).

Simple annual interest rate of 4% per annum.

Highly subsidized low-interest financing specifically designated to support students from Educationally Backward Classes (SEBC/EBC).

Age criteria, if applicable, shall be determined as per the respective scheme guidelines and eligibility conditions.

1. The applicant must belong to the Educationally Backward Class (S.E.B.C.).

2. The applicant's family annual income must be less than rupees 10,00,000/-.

3. The applicant must have secured a minimum of 60% or more marks in 12th standard.

4. The applicant must have secured a minimum of 50% marks if they belong to Notified Tribes/De-notified Tribes (NT/DNT), More Backward, or Extremely Backward categories.

5. The applicant must be pursuing higher education abroad.

6. The applicant must be pursuing a Diploma, Graduate, Post Graduate, Post Graduate Diploma, Doctor of Philosophy (Ph.D.), or higher-level courses in any field.

7. The course must be for a minimum duration of 1 (one) academic year or more, or at least two semesters.

8. The applicant must apply before traveling abroad or within six months of arriving abroad.

9. The applicant must submit one solvent guarantor.

The loan covers costs such as air tickets, registration fees, tuition fees, education fees, hostel fees, books, and other expenses associated with the first year of the course abroad.

Course duration + 1 year

The course must be for a minimum duration of 1 (one) academic year or more, or at least two semesters.

The principal loan amount must be fully repaid within a maximum period of 10 years.

Original registered mortgage deed/property security as per corporation operational rules.

Must submit at least one solvent guarantor as per scheme norms.

Nil prepayment penalty, allowing early loan clearance without extra charges.

Documents Required

1. Admission Letter

2. Duly Filled Loan Application Form

3. Passport Size Photographs

4. Details of Study Expenses/Cost

5. PAN Card of Student and Parent/Guardian

6. Aadhaar Card of Student and Parent/Guardian

7. Identity Proof (Driving License/Passport/Aadhaar/Any Photo Identity Proof)

8. Address Proof (Driving License/Passport/Electricity Bill/Telephone Bill)

9. Bank Account Details of Student/Co-Borrower/Guarantor.

The above-mentioned list of documents is tentative and may vary as per the requirements and guidelines of the concerned authority.

Registration

1. Visit the official website of eSamajkalyan.

2. On the right side of the home page, click “New User? Please Register Here!”.

   You will be redirected to the registration form.

3. Fill in all mandatory fields, enter the captcha code, and click “Submit” to complete the registration process.

   A popup will appear confirming successful registration and displaying your User ID for login.

Application

1. Visit the official website of eSamajkalyan. In the “Citizen Login” section on the right side of the home page, enter your User ID and Password, fill in the Captcha code, and click “Login”.

2. From the top menu bar, click “Corporation”, then select “Gujarat State Divyangjan Finance and Development Corporation”. A list of schemes will appear; select the scheme you want to apply for.

3. You will be redirected to the online application form. Fill in all mandatory details and upload all required documents in the prescribed format and size. Carefully review all information and make corrections if needed.

4. Click “Submit” to submit your application. A confirmation message will be displayed. Note your Application Number for future reference. You may also print the submitted application form.

5. After successful submission, print the final application form. Prepare two identical hard copies with all uploaded documents attached. Submit both copies to the respective District Office (District Social Welfare Officer).

The full loan amount of rupees 15,00,000/- will be disbursed to the student in a single installment. The money will be deposited into the student's bank account after the submission of the original registered mortgage deed.

Recognized foreign universities and higher educational institutions offering Diploma, Graduate, Post Graduate, Ph.D., or equivalent programs.

Post-Selection Obligations

1. After receiving the sanction order, the student's parent or guardian must obtain the prescribed mortgage deed form from the District Office.

2. The property provided by the student's parent/guardian or the guarantor must be registered as a mortgage in favor of the government.

3. Loan repayment must begin one year after the completion of the student's study.

4. The loan must be repaid in monthly or quarterly installments.

5. The principal loan amount must be fully repaid within a maximum period of 10 years.

6. The interest amount must be fully repaid within a maximum period of 2 years.

7. The student must ensure all required documentation is completed within the prescribed time limit.

https://esamajkalyan.gujarat.gov.in/index.aspx

https://www.myscheme.gov.in/schemes/lfs-ebc?utm