Scholarship
6% Interest Subsidy on Loans taken through Banks for Study Abroad(6ISLBSA)
Overview
About 6ISLBSA
The 6% Interest Subsidy on Loans taken through Banks for Study Abroad is a state scheme of the Tribal Development Department, Government of Gujarat. It is run through the Gujarat Tribal Development Corporation (Adijati Vikas Nigam), the state body that handles tribal welfare loans and foreign-study support.
The scheme works alongside a regular education loan. When a Scheduled Tribe student borrows from a bank to study overseas, the state covers a share of the interest on that loan for a set period. The benefit offsets part of the interest cost, rather than adding a fresh loan or waiving fees, so the household carries a smaller borrowing burden.
It is meant for individual ST students who are residents of Gujarat and have taken a bank loan to fund higher studies abroad. The interest ceiling, the covered period and the documents required are fixed by the department, and a student applies through the corporation once the loan is in place.
Sources: myScheme - 6% Interest Subsidy on Loans taken through Banks for Study Abroad (Government of India) · Tribal Development Department, Government of Gujarat · Gujarat Tribal Development Corporation (Adijati Vikas Nigam) - loan portal
Who runs it
Provider
Gujarat State Government
State / UT Government
Tribal Development Department
At a glance
Key details
| Level | State/ UT |
| Scheme type | — |
| Category | Education & Learning, Banking,Financial Services and Insurance |
| Beneficiaries | Individual |
| Benefit type | Cash |
| Application mode | Offline |
Calendar
Important dates
Across all open application cycles.
| Cycle | Stage | Date |
|---|
Who can apply
Eligibility criteria
| The applicant must be a resident of Gujarat’s tribal areas. | |
| The applicant must belong to the Scheduled Tribe category. | |
| The applicant must have passed Higher Secondary Certificate (HSC) or equivalent examination. | |
| The applicant must have secured admission in a recognized foreign university for higher studies. |
What you get
Award & benefits
- Interest subsidy of 6% per annum on loans taken through banks for foreign education.
- Maximum subsidy of ₹1,50,000 for 3 years.
- Applicable on loans up to ₹25,00,000.
What to prepare
Documents required
Step by step
How to apply
- 1Apply offline
See the official links below for the application portal.
Source
Official links
Questions
6ISLBSA – FAQ
Disclaimer
Scheme details are compiled from myScheme, the Government of India’s official scheme-discovery platform, and are reproduced without alteration. Amounts, deadlines and eligibility change between cycles — always confirm on the official links above before applying. Expertie does not process applications or charge fees.