FULL Information about Gujarat Government's Educational Loan
Gujarat has always been a leader in the field of education and this sensitive government of Gujarat has always been a priority for education. Gujarat Government has taken adequate care of loans for higher education for the students of Gujarat state. Gujarat Government provides educational loans to the students of Gujarat with subsidy here. The information that will be very useful to the students of Gujarat Government students Sanani how to provide them with loans and subsidies.
Interest Subsidy Scheme on Education Loans will benefit all the bright and needy students to continue their studies after Class 12th. This scheme is applicable for education loans for Higher Education in Graduate / Post-Graduate /Diploma and Professional Courses subject to the following eligibility conditions.
All the applicants must have passed class 12th or equivalent with 60 or more percentile. In addition, the annual income of the family of the candidates from all sources must not exceed Rs. 6 lakh p.a. State govt. has allocated Rs. 500 lakh crore in Gujarat Budget 2017-18.Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. The Government’s push on education means you can avail education loan subsidy, and you also get tax benefits for interest paid under Section 80E of the Income Tax Act. Bank of Baroda offers you different types of education loans in India to fulfill your dreams. Most of these student loans in India have a repayment period of 10-15 years and a moratorium of the course period and the specified number of months. All education loans do not need a security for a loan up to Rs. 4 lakhs.
The government of Gujarat has expanded the benefits offered to students from the non-reserved category by raising annual income limits and providing more assistance in terms of educational loans.
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