Guruji Credit Card Scheme 2026 - Apply Online for Jharkhand Education Loan

Guruji Credit Card Scheme or झारखण्ड गुरूजी क्रेडिट कार्ड योजना is a student loan scheme of the Higher and Technical Education department of Jharkhand. It offers a collateral-free education loan of up to Rs. 15 lakh at a simple interest rate of 4 per cent to help students pursue higher studies. Registration for the scheme is open through the official GSCC portal at gscc.jharkhand.gov.in.

The scheme is based on the West Bengal Student Credit Card Scheme and was announced by Chief Minister Hemant Soren. It is now fully operational, and the state government has already issued more than 41,000 credit cards to students. In this article, we will tell you about the Guruji Student Credit Card Scheme eligibility, benefits, loan amount, and the online application process.

Guruji Student Credit Card Scheme

Guruji Student Credit Card Scheme (GSCC) is a supportive scheme by the government of Jharkhand to help students pursue higher education. It provides affordable education loans of up to Rs. 15 lakh at a low interest rate of 4 per cent, so money problems do not stop students from reaching their academic goals. The scheme is meant for students who have passed Class 10th or Class 12th from a recognized school in Jharkhand.

The state government acts as the guarantor for these loans, so students do not need to give any collateral or mortgage. The government also pays the interest subvention to keep the student's interest rate at just 4 per cent. The scheme covers courses in engineering, medical, law, research, IITs, IIMs and other top institutions across the country.

The scheme was announced in the Jharkhand Budget and got state cabinet approval. It started from the financial year 2023-24. HDFC Bank works as the corpus bank for the scheme, and several public and private banks are empanelled as member lending institutions. As per the official portal, more than 49,000 applications have been received and over 41,000 credit cards have been issued so far.

Highlights of Guruji Credit Card Scheme

Detail	Information
Scheme Name	Guruji Credit Card Scheme (GSCC)
Launched By	Department of Higher and Technical Education, Jharkhand
Beneficiaries	Class 10th and 12th pass students of Jharkhand
Loan Amount	Up to Rs. 15 lakh
Interest Rate	4% simple interest
Repayment Period	15 years
Application Mode	Online
Official Website	gscc.jharkhand.gov.in

How to Apply Online for Guruji Credit Card Scheme

Students can apply for the Guruji Student Credit Card Scheme online through the official portal. The application process is simple and fully digital. Follow the steps given below to register and submit the loan application.

STEP 1 - Visit the official GSCC portal at gscc.jharkhand.gov.in and click on the student registration option on the homepage.

STEP 2 - Fill in the required details such as name, Aadhaar number, contact number, address and educational details to create the student account.

STEP 3 - After registration, log in to the portal and submit the detailed loan application form as per the format given on the website.

STEP 4 - Upload the admission letter, fee payment schedule and other required documents of the institution where the student has secured admission.

STEP 5 - Choose a member lending institution (bank) from the list of empanelled banks and submit the application. The bank will verify the details and approve the loan amount.

Once the loan is approved, the institutional expense is paid directly to the institution's bank account, and up to 30 per cent of the loan can be used for non-institutional expenses such as lodging, food, books and laptops.

Eligibility Criteria for Guruji Credit Card Scheme

To get the benefit of the Guruji Student Credit Card Scheme, a student has to meet the eligibility conditions given below. The bank checks these details before approving the loan.

• The student must be an Indian national and must have passed Class 10th from a recognized school in Jharkhand to pursue a diploma course.
• For undergraduate and higher courses, the student must have passed both Class 10th and Class 12th from a recognized school in Jharkhand.
• The student must secure admission in a recognized institution within the country, such as IITs, IIMs, NITs, AIIMS, NLUs and other institutions ranked in the NIRF list or accredited by NAAC.
• The student should not be more than 40 years of age at the time of applying for the loan.

Loan Amount and Interest Rate

Under the Guruji Credit Card Scheme, students can get an education loan of up to Rs. 15 lakh without any collateral security. The student has to pay only 4 per cent simple interest, and the rest of the interest is paid by the state government as interest subvention. The repayment period is 15 years, including the study period and a one-year moratorium after completion of the course.

Students who choose to pay the full interest during their study period get an extra 1 per cent concession in the interest rate. No processing fee is charged by the banks for sanctioning and disbursing the loan under this scheme.

Documents Required

Students need to keep the following documents ready while applying for the Guruji Student Credit Card Scheme online.

Aadhaar card of the student and the co-borrower

Class 10th and 12th marksheets and pass certificates

Admission letter and fee payment schedule of the institution

Bank account details of the student

Passport size photograph and contact details

FAQ's

Who can apply for the Guruji Credit Card Scheme?

Students who have passed Class 10th (for diploma) or Class 10th and 12th (for undergraduate and higher courses) from a recognized school in Jharkhand can apply for the scheme.

What is the maximum loan amount under this scheme?

Students can get an education loan of up to Rs. 15 lakh at a simple interest rate of 4 per cent under the Guruji Credit Card Scheme.

How to apply for the Guruji Credit Card Scheme?

Students can apply online through the official GSCC portal at gscc.jharkhand.gov.in by registering and submitting the loan application with the required documents.

Is collateral required for the loan?

No, the loan under this scheme is fully collateral-free. The state government acts as the guarantor, so students do not need to give any mortgage.

For more details and the application procedure, visit the official website at gscc.jharkhand.gov.in. Students can also check the detailed guidelines on the official portal. For related support, students can also look at the Marang Gomke Jaipal Singh Munda Overseas Scholarship Scheme and the PM Vidya Lakshmi Portal for other education loan options.