COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.) 2026

Gujarat's Foreign Education Scheme offers financial support to eligible students from unreserved categories looking to pursue higher Read More... education overseas after completing Class 12. Read less

Details

Looking to study abroad but worried about the costs? Gujarat's Social Justice and Empowerment Department, through the Gujarat Unreserved Education and Economical Development Corporation, has a scheme that might just be your ticket to international education.

What is the Foreign Education Scheme?

This scheme is basically a financial help program. It aims to assist bright students from families with limited income who belong to the unreserved category. The goal is to help them get higher education in foreign countries by providing financial assistance in the form of a loan.

Who is this scheme for?

This scheme is specifically for students from Gujarat who are from the unreserved category. If you've scored well in your Class 12 exams and have already secured an admission in a recognized foreign university for courses like MBBS, graduation, post-graduation, or a diploma, and your family's annual income isn't too high, you could be eligible.

Why is this scheme important?

Studying abroad can open up a world of opportunities. This scheme recognizes that financial constraints shouldn't stop talented students from pursuing their dreams. It bridges the gap by offering a loan with a low-interest rate and flexible repayment terms, making overseas education more accessible.

Objective

Gujarat's Foreign Education Scheme offers financial support to eligible students from unreserved categories looking to pursue higher education overseas after completing Class 12.

Benefits

Name of ComponentStandard of AssistanceMinimum Time Limit (in Year) for Reclaiming BenefitsCOP-34, Financial assistance to farmer for Interest Subvention4% interest subvention on timely repayment of crop loan taken by farmers up to ₹3,00,000/-only once in a financial year

Sources and references

Guidelines

Who Can Apply?

You must belong to the unreserved category.
You need to have scored 60% or above in your Standard 12 (HSC) exams.
You must have already gained admission to an MBBS, graduation, post-graduation, or an equivalent diploma course in a foreign country.
Your family's annual income should not exceed ₹6,00,000/-.

How to Apply

To apply for the Foreign Education Scheme, you'll need to submit your application along with all the required documents. The official implementation is handled by the Gujarat Unreserved Education and Economical Development Corporation.

Official Application Link:

For detailed application procedures and to download necessary forms, please refer to the official website or contact the Gujarat Unreserved Education and Economical Development Corporation directly. The specific application portal or address will be provided by the Corporation.

Documents You'll Need

Gather these documents for your application:

School Leaving Certificate or Jam Certificate
Aadhaar Card
Ration Card
Proof of Residence
Non-Reserved Category Certificate
Annual Income Certificate
Income Tax (IT) Return
Admission Letter from the foreign university/college (ensure the application date is before your graduation completion)
If your course doesn't include a Bachelor's, Master's, or PG Diploma, you'll need to provide details of your previous college/university.
Proof of Student’s Income (if any)
Annual/Full Course Fee Payment Receipt
Property Encumbrance/Mortgage details of your Father/Guardian (as per Appendix-1)
Property Valuation Set and Property Documents of your Father/Guardian
Student's Surety Bond for Loan Repayment (as per Appendix-2)
Copy of Passport
Copy of Air Ticket (if applicable)
Applicant’s Signature
Mark Sheets of all previous academic examinations
Degree Certificate (if applicable)

FAQ’s

What's the main goal behind the Foreign Education Scheme?

The main goal of the Foreign Education Scheme is to offer financial support to talented students from economically weaker unreserved families who aspire to pursue higher education in countries outside India.

Can I repay the loan before the due date?

Yes, absolutely! The scheme allows you to repay the loan ahead of the specified time limit if you wish to do so.

What kind of property do I need to provide as collateral?

For loans up to ₹7,50,000/-, you need to provide a charge on your or a relative's property worth 1.5 times the loan amount. If the loan is over ₹7,50,000/-, you'll need to mortgage immovable property of equal value in favour of the Corporation.

What are the repayment terms for the loan?

If your loan is ₹5,00,000/- or less, you need to repay it over 5 years, starting one year after your studies end. For loans above ₹5,00,000/-, you have 6 years to repay, also beginning one year after completing your course. The interest is applied first from your repayments.

What is the maximum amount I can borrow under this scheme?

Under the Foreign Education Scheme, you can receive a loan of up to ₹15,00,000/- or the total tuition fee for your course, whichever is the lesser amount.

Who is eligible to apply for this overseas education loan?

To be eligible, you must be from the unreserved category, have secured at least 60% in Class 12, have admission to an eligible course abroad (like MBBS, graduation, post-graduation, or diploma), and your family's annual income must be ₹6,00,000/- or less.

What is the interest rate on the loan provided by the scheme?

The loan provided under this scheme comes with a low simple interest rate of 4% per annum.

Do I need a guarantor for this loan?

While a personal guarantor isn't explicitly required, you will need to provide collateral in the form of property as detailed in the scheme's guidelines.