AI SummaryNew Akanksha Scheme (Educational Loan) (GTKVN) provides affordable education loans at subsidized interest rates to students from the Thakor and Koli communities in Gujarat to support their higher studies in medical, engineering, MBA, and MCA programs.
New Akanksha Scheme (Educational Loan) (GTKVN) - Introduction
New Akanksha Scheme (Educational Loan) (GTKVN) offers a helping hand to deserving students from the Thakor and Koli communities. This scheme, run by the Gujarat Thakor and Koli Vikas Nigam (GTKVN) under the Social Justice and Empowerment Department, supports the dream of pursuing higher professional education. It provides educational loans at very low, subsidized interest rates for courses like engineering, medical, MBA, and MCA, so that money problems do not stop anyone from achieving academic success.
Key Information
| Key Feature | Details |
|---|---|
| Scheme Name | New Akanksha Scheme (Educational Loan) (GTKVN) |
| Level | State |
| Beneficiary State | Gujarat |
| Category | Education & Learning, Banking & Finance |
| Nodal Department | Social Justice and Empowerment Department |
| Implementing Agency | Gujarat Thakor and Koli Vikas Nigam |
Benefits
This scheme offers significant financial support to lighten the burden. A student can get a loan of up to ₹15,00,000/- to cover educational expenses.
Interest Rates:
| Beneficiary | Interest Rate |
| Male Students | 4% per annum |
| Female Students | 3.5% per annum |
What the loan covers:
- Admission and tuition fees.
- Essential costs like books, stationery, and examination fees.
- Accommodation and food expenses.
- Travel costs and insurance premiums.
Repayment Structure:
The loan is repaid in 60 equal monthly installments over 5 years. Repayment starts either 6 months after the course is completed or when a job is found, whichever comes first. The student is expected to contribute 5% of the total amount, while the government covers the rest.
Eligibility
To apply for this support, the following criteria should be met:
- The applicant should be a resident of Gujarat.
- The applicant should belong to the Thakor or Koli community.
- The total family annual income should not be more than ₹3,00,000/-.
- The applicant must have secured admission in a recognized institution for professional courses like MBA, MCA, MBBS, or undergraduate engineering.
For example, if Rohan belongs to the Thakor community and his family's annual income is ₹2,00,000/-, he is eligible to apply for this loan once he confirms his seat in an engineering college.
Note: at least 50% of the loan funds are reserved for students whose family income is ₹1,50,000/- or less per year.
Exclusions
Please note that if admission has been taken through the management quota, the applicant is not eligible to apply for this education loan.
Application Process
The online application process should be followed to request the loan:
STEP 1 - Visit the official website of Gujarat Thakor and Koli Vikas Nigam.
STEP 2 - Click on Apply Now in the top menu.
STEP 3 - Select the relevant loan scheme and click on it.
STEP 4 - Choose the loan category and input the required amount.
STEP 5 - Fill in personal, address, income, and bank details in the application form.
STEP 6 - Upload scanned copies of documents, including the caste certificate, income proof, Aadhaar, and bank passbook.
STEP 7 - Review the application using the Preview button to make sure all details are correct.
STEP 8 - Submit the form and save the Application ID for future tracking.
Documents
Keep these documents ready for the application:
- Aadhaar Card
- Caste Certificate
- Income Certificate
- Last Year Mark sheet
- Ration Card
- School Leaving Certificate
- Bank Passbook or Cancelled Cheque
- Fee payment receipts
- Passport size photographs
References
FAQ's
Who can apply for this loan?
Students belonging to the Thakor or Koli community in Gujarat who have secured admission for professional courses can apply.
What is the maximum loan limit?
A student can get a maximum loan of ₹15,00,000/-.
Are students who joined under management quota eligible?
No, admissions via the management quota are not eligible for this scheme.
What specific costs does the loan cover?
The loan covers tuition fees, books, exam costs, living expenses, and insurance.
When do I start the repayment?
Repayment starts 6 months after completing the course or securing employment, whichever is earlier.
What is the amount I need to contribute?
The applicant is required to contribute 5% of the total cost.
How do I submit my application?
The application should be submitted online through the official portal at https://gtkdconline.gujarat.gov.in/.
Who operates this scheme?
The Gujarat Thakor and Koli Vikas Nigam (GTKVN) handles this scheme.