Free Medical Assistance (Gujarat) 2026

This loan scheme helps unreserved category students fund their higher education abroad, offering up to ₹15 lakh Read More... at a low 4% interest rate. Read less

Details

Planning to study overseas but worried about the cost? The Gujarat Urban Education and Development Corporation (GUEEDC) has a special loan scheme designed to help students from the unreserved category achieve their dreams of international education.

What Is This Scheme?

The Foreign Study Loan Scheme, managed by GUEEDC, provides financial assistance in the form of a loan to students who wish to pursue higher studies in foreign countries. It's specifically for students from the unreserved category who are economically weaker but academically strong.

Who Can Benefit From This Scheme?

This scheme is for Indian citizens who are residents of Gujarat. You need to be from the unreserved category, have scored at least 60% in your Class 12 exams, and be aiming for courses like MBBS, Master's, or PG Diplomas abroad. Your family's annual income should not exceed ₹6 lakh.

Why This Scheme Is Important

Studying abroad can open up a world of opportunities, but the expenses can be a major hurdle. This scheme aims to bridge that gap by providing loans at a very affordable interest rate of 4% per annum. It supports meritorious students by ensuring that financial limitations don't prevent them from accessing global education and enhancing their career prospects.

Objective

This loan scheme helps unreserved category students fund their higher education abroad, offering up to ₹15 lakh at a low 4% interest rate.

Benefits

Financial assistance is provided to Scheduled Tribe individuals for medical treatment. The revised rates, effective from April 1, 2024, are as follows:S. No.Name Of DiseaseCurrent rate of assistanceProposed Rate of AssistanceA Type:1In Serve Cases Of Labour₹500/- per case₹2,000/- per case2For Female Genital Mutilation₹150/- per case₹2,000/- per case3Decay₹500/- every month until the pain is gone₹2,000/- every month until the pain subsides4Leprosy₹800/- per month until the pain is gone₹2,000/- every month until the pain subsidesB Type:1CancerUntil then, ₹1,000/- per month will cure the pain.₹2,500/- every month until the pain subsides2For AIDS₹1,000/- every month until the pain subsides₹2,500/- every month until the pain subsides3Sickle cell anaemia₹500/- every month until the pain is gone₹2,500/- every month until the pain subsides4Thalassemia₹500/- per patient every month until the pain is relieved.₹2,500/- per patient every month until the pain is relieved.Mode of Disbursement:The financial assistance will be disbursed through Direct Benefit Transfer (DBT). For HIV/AIDS patients, the payment will be made by cheque.Frequency of Disbursement:Monthly until the patient recovers from tuberculosis, cancer, leprosy, AIDS, sickle cell anaemia, and thalassemia. Per case for serious maternity cases and anaemia in women.Validity:The assistance is provided until the patient recovers from specified diseases.

Sources and references

Guidelines

Eligibility Criteria

You must be an Indian citizen and a resident of Gujarat.
You must belong to the Unreserved category.
You should have secured 60% or more marks in your Class 12 examinations.
You must be planning to pursue MBBS, Master’s, PG Diploma, or equivalent programs in a foreign university.
Your family's annual income should be ₹6,00,000 or less.

How To Apply

Visit the official website of GUEEDC to find the application form and details.
Fill out the application form accurately with all the required information.
Submit the completed form along with all necessary documents to the GUEEDC office.
The Corporation will review your application and documents.
If approved, the loan will be disbursed as per the scheme's guidelines.

Official Website: https://gueedc.gujarat.gov.in

Documents Required

Class 12 Marksheet (showing 60% or above marks).
Proof of belonging to the Unreserved category.
Income certificate stating annual family income is ₹6 lakh or less.
Admission letter from the foreign university for the intended course.
Collateral documents: Details of immovable property. This should be valued at 1.5 times the loan amount for loans up to ₹7.5 lakh, and equal to the loan amount for loans above ₹7.5 lakh.
Five post-dated cheques in favour of the Corporation.
Valid Identity Proof (like Aadhaar card, Voter ID, or Passport).
Copy of Passport and Visa (once issued).
Bank passbook or a cancelled cheque for bank account details.

FAQ’s

What is the maximum amount I can borrow for studying abroad?

You can get a loan of up to ₹15 lakh under this scheme.

Which courses are covered by this loan scheme?

The scheme covers MBBS, Master's degrees, Post Graduate Diplomas, and similar equivalent programs offered in foreign universities.

What are the interest rates for this loan?

The loan comes with a simple interest rate of 4% per annum.

Is there a requirement for collateral to get this loan?

Yes, collateral is required. For loans up to ₹7.5 lakh, you need property valued at 1.5 times the loan amount. For loans exceeding ₹7.5 lakh, the property value should be equal to the loan amount.

When do I need to start repaying the loan?

Repayment begins one year after you finish your course.

What is the duration for repaying the loan?

If your loan is ₹5 lakh or less, you have 5 years to repay. For loans above ₹5 lakh, the repayment period is 6 years. Both periods start after a one-year moratorium.

Can I make early payments on the loan?

Absolutely! You are free to repay the loan ahead of schedule without incurring any penalty charges.

Are post-dated cheques necessary for the application?

Yes, you need to provide five post-dated cheques made out in favor of the Corporation as part of the application process.

Who is eligible to apply for this foreign study loan?

To be eligible, you must be a resident of Gujarat from the unreserved category, have at least 60% marks in Class 12, and your family's annual income should be ₹6 lakh or less. You also need to be admitted to an eligible course abroad.

Where can I find more information or apply for the loan?

You can find all the details and apply through the official GUEEDC website: https://gueedc.gujarat.gov.in.