What Does GBCDC Stand For?

Gujarat Backward Classes Development Corporation, known in Gujarati as the Gujarat Pachhat Varg Vikas Nigam (GBCDC, introduction). It is a lender, not a scholarship office and not a bank. Its name is easily confused with GUEEDC, the Gujarat Unreserved Education and Economic Development Corporation, which is a separate body serving unreserved classes (GUEEDC).

Is This the Same as the New Aakanksha Loan?

In GBCDC's own usage, yes: its FAQ lists this scheme as the educational loan (New Aakanksha) (GBCDC, FAQ). The title is not GBCDC's alone, though. The Gujarat Thakor and Koli Vikas Nigam and the Gujarat Nomadic and Denotified Tribes Development Corporation each run an education loan under the New Aakanksha title (Gujarat Thakor and Koli Vikas Nigam, educational schemes; GNDTDC, educational loan), and GBCDC's caste-list page asks Thakor, Koli, nomadic and denotified applicants to go to those corporations as far as they can (GBCDC, caste list). A New Aakanksha application is GBCDC's only if it is filed on gbcdconline.gujarat.gov.in.

Is Every SEBC Student in Gujarat Eligible?

No. Being on the Bakshi Panch list is only the start. A student whose caste has a corporation of its own is asked to apply there as far as possible, and GBCDC's older booklet went further, leaving those castes out of its loans altogether (GBCDC, caste list; GBCDC, information booklet). The admission must come through the government's admission committee rather than a management seat, the applicant must fall inside the scheme page's age band, and the family has to be able to sign the affidavit about earlier education loans and government jobs (GBCDC, Educational Loan Scheme; GBCDC, education loan annexure). On top of that, someone has to offer property and two guarantors as security.

Does This Loan Cover the Whole Cost, Like a 100% Bank Loan?

It is not designed as full finance. The funding split in the record below leaves a share with the student, and GBCDC's ceiling is Rs 15.00 lakh however much the course costs (GBCDC, Educational Loan Scheme; NBCFDC, Education Loan). A family that would rather borrow from a bank can look at GBCDC's separate interest-subsidy scheme, listed on the same portal as Education Subsidy, which subsidises the interest on bank education loans for higher study in India or abroad. Its conditions admit only families in which nobody has already taken an education loan from GBCDC or one of its sister corporations, so the two do not stack (GBCDC, interest subsidy conditions).

Can I Use This Loan to Study Abroad?

Not through this scheme, on GBCDC's own guidance. Its older information booklet sends foreign-study loan applicants to the Director (Developing Castes) rather than handling them itself (GBCDC, information booklet). GBCDC's own help for a degree overseas is its interest subsidy on a bank education loan, and its conditions let a student take either that subsidy or the Developing Castes foreign-study loan, not both (GBCDC, interest subsidy conditions).

What is the purpose of this scheme?

This scheme provides financial support to socially and educationally backward class students to pursue graduate and postgraduate professional and technical education.

Who is eligible to apply under this scheme?

The applicant should belong to a socially and educationally backward class.

Is there any preference given based on family income?

Yes, preference is given if the applicant’s family income is up to ₹1,50,000 per annum.

What is the minimum percentage required in academics to apply under this scheme?

The applicant must have secured at least 50% marks in Class 12 or the qualifying examination.

What kind of admission process is required for eligibility under this scheme?

The student must have secured admission through a recognized entrance examination conducted by the Central/State Government or through a selection process with at least 50% marks in the qualifying examination.

Are there specific courses covered under this scheme?

Yes, this scheme covers MBA, MCA, graduate-level engineering, medical education, and hospitality management courses.

Does this scheme cover engineering courses from all institutions?

Only engineering courses conducted by IITs or other institutions recognised by AICTE are covered.

Is medical education included in this scheme?

Yes, medical education, including Ayurvedic, Homoeopathic, and Unani courses recognised by the Medical Council of India, is covered.

Is hospitality management covered under this scheme?

Yes, diploma courses in hospitality management recognized by the National Council of Hotel Management are included.

What expenses are covered under this scheme?

This scheme covers admission fees, tuition fees, accommodation, and food expenses.

Does this scheme deduct any other financial assistance before sanctioning?

Yes, the loan amount is sanctioned after deducting any amount received under the Mukhyamantri Yuva Swavalamban Yojana.

Will fees be paid if the student has failed or has ATKT?

No, if the student has failed or has ATKT, the fee for the second semester will not be paid.

Scholarship

Educational Loan Scheme (GBCDC)(ELSGBCDC)

Cash

State/ UT

Gujarat Backward Classes Development Corporation Gujarat myScheme record

Eligibility

The applicant must be a resident of Gujarat.

Region

Gujarat

Award

Cash

Deadline

Not published by the source

Overview

About ELSGBCDC

The Educational Loan Scheme (GBCDC) is money a Bakshi Panch student in Gujarat borrows for a professional degree and pays back with interest once the course ends. Nothing in it is a grant. The myScheme listing and the corporation's own pages disagree on the income limit and the interest rate, and the listing's funding split no longer describes where GBCDC's lending money comes from. The corporation's scheme page, its loan papers and its year-by-year fund statements settle most of that, and they spell out what a borrowing family has to pledge.

GBCDC is the Gujarat Backward Classes Development Corporation, a public undertaking of the state's Social Justice and Empowerment Department (GBCDC, information booklet). It lends to the socially and educationally backward classes, the caste list Gujarat calls Bakshi Panch after the commission, chaired by the retired Gujarat High Court judge A.R. Bakshi, that drew it up (GBCDC, introduction). The education loan sits among its direct-finance schemes next to loans for small businesses, animal husbandry and transport, and it is the only one of them that pays for study.

GBCDC is also the Gujarat channel for the National Backward Classes Finance and Development Corporation (NBCFDC), which lists it among its state channelising agencies (NBCFDC, channel partners). That channel is the source of the national-corporation share in the record's funding split below, but GBCDC's own fund statements show no NBCFDC money in its direct-finance lending for the two most recent years they cover. The NBCFDC statement records nothing received from NBCFDC, and nothing lent out of NBCFDC funds, in 2023-2024 or 2024-2025; the last receipt it shows is Rs 400 lakh in 2022-2023 (GBCDC, funds received from NBCFDC). Over the same two years the state government put in Rs 2,000 lakh and then Rs 4,800 lakh, and GBCDC lent Rs 4,801.33 lakh to 2,079 borrowers across all its direct-finance loans in 2024-2025 (GBCDC, funds received from the state).

The scheme is aimed at a narrower group than "SEBC students". GBCDC's scheme page names medicine, dentistry, engineering, pharmacy, MCA, MBA and B.Sc Nursing as the kind of course it funds (GBCDC, Educational Loan Scheme). And castes that have a corporation of their own are steered elsewhere: GBCDC's caste-list page asks applicants from the Thakor and Koli, Gopalak, and nomadic and denotified communities, and minority applicants, to apply to those corporations as far as they can (GBCDC, caste list).

Who runs it

Provider

Gujarat Backward Classes Development Corporation

State / UT Government

Social Justice and Empowerment Department · Gujarat Backward Classes Development Corporation

At a glance

Key details

Level	State/ UT
Scheme type	Not published by the source
Category	Education & Learning, Social welfare & Empowerment
Beneficiaries	Individual
Benefit type	Cash
Application mode	Online
Direct Benefit Transfer	No
Tags	Student, Graduate, Post Graduate, Professional Education, Technical Education, Backward Classes, Loan
Source record	myScheme, 2026-07-08official-site· 2026-07-08

Calendar

Important dates

GBCDC does not run the education loan on a fixed calendar. It opens the online portal for a window that it announces as a numbered notice on the portal's home page (GBCDC loan portal), so that home page is worth checking through the admission season.

After approval in principle, GBCDC tells the applicant by post when to complete the loan documents (GBCDC, FAQ).

Who can apply

Eligibility criteria

The income limit is the first thing to check, because two official sources print two different numbers. The record's Rs 3.00 lakh ceiling, and its priority for families earning up to Rs 1.50 lakh, mirror NBCFDC's education-loan page (NBCFDC, Education Loan). GBCDC's scheme page asks instead for an income certificate showing family income up to Rs 5.00 lakh (GBCDC, Educational Loan Scheme), which matches the Rs 5.00 lakh NBCFDC now applies to its individual loans (NBCFDC, Individual Loan Scheme). GBCDC's general FAQ, written for all its loans, still gives Rs 3.00 lakh (GBCDC, FAQ).

A family earning between Rs 3 lakh and Rs 5 lakh may therefore still be inside the limit the corporation's own scheme page sets, and should not rule itself out on the record alone (GBCDC, Educational Loan Scheme; NBCFDC, Individual Loan Scheme). GBCDC sends applicants with questions about any of its schemes to the office of their home district (GBCDC loan portal), and that is the place to ask which ceiling the corporation is applying this year.

Age is the test the record leaves out entirely. GBCDC's scheme page asks for the school-leaving certificate as proof that the applicant's age is "ઉમર વર્ષ ૧૭ થી ૩૫ સુધીની", that is, seventeen to thirty-five years (GBCDC, Educational Loan Scheme).

Course level needs care too. An older GBCDC information booklet says students admitted to diploma courses are not eligible (GBCDC, information booklet), while the record lists a hospitality management diploma and every example on the current scheme page is a degree course. A diploma student should get GBCDC's district office to confirm the course in writing before counting on this loan.

The applicant must be a resident of Gujarat.
The applicant should belong to a socially and educationally backward class.
The total annual family income should not exceed ₹3,00,000/-.
The student must have secured admission through a recognized entrance examination conducted by the Central or State Government, or through a selection process, with at least 50% marks in Class 12 or the qualifying examination.
The applicant should have secured admission in a recognized institution for one of the following courses:
MBA or its equivalent (recognized by AICTE)
Master of Computer Applications (MCA) or its equivalent (recognized by AICTE)
Graduate-level engineering courses conducted by IITs or other institutions (recognized by AICTE)
Medical or allied education such as Ayurvedic, Homeopathy, Unani, etc., from institutions recognized by the Medical Council of India
Diploma course in Hospitality Management recognized by the National Council of Hotel Management
Note: Priority will be given to applicants whose family income is up to ₹1,50,000/- per annum.

Who cannot apply

Exclusions

The record's exclusions miss the rules that stop repeat borrowers and their families. GBCDC's FAQ says a person gets a loan from it only once (GBCDC, FAQ), and the loan portal tells anyone who already holds a GBCDC loan, or still owes on one, not to apply again (GBCDC loan portal).

The affidavit the student and a parent swear before the loan is released reaches further, to the whole family. In it they declare that neither the student nor anyone else in the family has taken or applied for an education loan from any government or semi-government body or from a bank, and that no family member works for a government or semi-government institution (GBCDC, education loan annexure). A sibling's bank education loan, or a parent in a government job, can therefore stop the file even when every other test is met.

The applicant admitted under the management quota is not eligible.
The applicant with ATKT (Allowed to Keep Terms) or those who have failed in the previous semester will not be paid the fee for the second semester.
The loan amount will be sanctioned after deducting the amount received under the Mukhyamantri Yuva Swavalamban Yojana.

Continuation

Renewal conditions

GBCDC publishes no renewal step; the loan is costed for the whole course from the start. The application carries the college's own statement, on its letterhead, of the admission, tuition and hostel fees for the full duration of study (GBCDC, Educational Loan Scheme). GBCDC's document checklist also asks for the course's year-wise fee structure and, when the loan is sought partway through a course, the marksheet of the year already completed (GBCDC, education loan annexure). What recurs after sanction is the release of fees, which the record below withholds for a semester that follows a failure or an ATKT.

What you get

Award & benefits

GBCDC's scheme page caps the loan at Rs 15.00 lakh (GBCDC, Educational Loan Scheme), the same ceiling NBCFDC's education-loan page sets for study in India (NBCFDC, Education Loan). NBCFDC's own pattern of finance, headed w.e.f. 01.04.2025, has since raised its education ceiling to Rs 25.00 lakh (NBCFDC, Pattern of Finance), and GBCDC's page has not followed it.

Interest is where the published sources drift furthest apart. The record below charges women more than men. NBCFDC's education-loan terms run the other way, 4% for boys and 3.5% for girls (NBCFDC, Education Loan), and GBCDC's older booklet gave its own female students the lower rate as well (GBCDC, information booklet). The loan agreement in GBCDC's current application annexure turns the same pair into a band, 3.5% to 4% a year for education loans, at the corporation's fixed rate (GBCDC, education loan annexure; NBCFDC, Education Loan).

Even that printed band is provisional. The promissory note the borrower signs charges interest compounded quarterly and makes the rate subject to change by the corporation, GBCDC's checklist says the advertised rate will follow government policy, and the loan portal applies whatever rate the state fixes from time to time (GBCDC, education loan annexure; GBCDC loan portal). On the education loans NBCFDC funds through its channel partners under the pattern headed w.e.f. 01.04.2025, NBCFDC's own beneficiary rate is 8% (NBCFDC, Pattern of Finance). The figure to rely on is the one written into the borrower's own loan papers.

The money itself is credited by RTGS or NEFT to the bank account given to the corporation (GBCDC, FAQ), and GBCDC's checklist asks for a joint account in the names of the student and a parent (GBCDC, education loan annexure).

The maximum loan limit under this scheme is up to ₹ 15,00,000/-.
The interest rate: 4% per annum for male students.
5% per annum for female students.
Loan Contribution Breakdown: 90% by the National Corporation.
5% by the State Government.
5% by the beneficiary.
The loan amount will include the following: Admission fees and tuition fees
Accommodation and food expenses
Validity: This loan is to be repaid in 60 equal monthly instalments, including interest. The loan must be repaid within 6 months of completing the course or 1 month after getting a job, whichever is earlier.

What to prepare

Documents required

Documents come in two rounds. With the online application, GBCDC's scheme page asks for more than the record lists: the school-leaving certificate as proof of age, both sides of the applicant's Aadhaar and ration card, the father's Aadhaar and voter ID, marksheets for Class 10, Class 12 and graduation, the institution's certificate of recognition for the course, fee receipts, and a bank passbook or cancelled cheque (GBCDC, Educational Loan Scheme).

The second round, after approval in principle, is the security file. It holds a consent to register a charge on the property of a parent, the applicant or another relative, backed by land-record extracts or a property card; a demand promissory note; an undertaking; a hypothecation and loan agreement signed on every page by the applicant and both guarantors; the guarantors' surety bond; signed blank cheques; a certified copy of the registered charge; and an original report from a government-approved valuer showing the property is worth one and a half times the sanctioned amount (GBCDC, Educational Loan Scheme). Choose the guarantors with the page's age rule in mind, "જામીનદારની ઉંમર ૬૦-વર્ષથી વધુ ન હોવી જોઇએ": neither may be over sixty (GBCDC, Educational Loan Scheme).

Identity proof

Caste Certificate

Income Certificate

Class 12 Marksheet/Qualifying Examination Marksheet

Admission Letter from a government-approved admission committee or under the government quota.

Fee Structure Certificate from the institution

Bank Account Details

Declaration/Proof of Non-Receipt of Assistance under the Hon'ble Chief Minister's Youth Self-Reliance Scheme (if applicable).

Step by step

How to apply

Applications go through GBCDC's online loan portal, and the order of its buttons matters: fill in Apply Online, use Upload Photo and Upload Document, then press Confirm Application, because the corporation counts an application only once it has been confirmed (GBCDC loan portal). The application number is also the confirmation number, and every update goes to the mobile number entered on the form, so it has to be the applicant's own and kept in service.

Once approval in principle comes, the printed application, the approval order and the security file go to the district office, arranged in the order of GBCDC's checklist and page-numbered, and the checklist warns that incomplete files will not be accepted (GBCDC, education loan annexure). In each district that office is the Deputy Director or Social Welfare Officer (Developing Castes), who acts as GBCDC's district manager (GBCDC, information booklet). Anyone who applied online in an earlier year but never submitted the loan documents has had that application rejected and must start again with a new one (GBCDC loan portal).

Checking Status on the GBCDC Portal

The portal's Know App Status page asks for the scheme, the application number and the date of birth; the loan appears in its list as Education (GBCDC, application status). A separate Applicant's Loan Detail page looks a borrower up by mobile number (GBCDC, loan detail). Keep the printout safe: the page that recovers a forgotten application number offers only the three interest-subsidy schemes, and the education loan is not among them (GBCDC, find application number).

For a file that seems stuck, every portal page carries the head office's administrative helpline in its footer, for questions on a scheme, on where to get a document, or on procedure, answered on government working days (GBCDC loan portal); the number is under Contact below.

1
Apply online
The official links on this page lead to the application portal.

How winners are picked

Selection process

Sanction is a committee decision. GBCDC's beneficiary selection committee gives the approval in principle, and the FAQ lists what it weighs: membership of a Bakshi Panch caste, income within the limit, business experience (a test written for the enterprise loans), and the funds the corporation has in hand (GBCDC, FAQ). Applicants who meet the criteria are then taken in sequence, by the FAQ's account. Because the money available is one of the tests, meeting the eligibility rules does not by itself secure a sanction.

Fine print

Terms & conditions

Repayment is not the student's promise alone. In the affidavit, the student and a parent accept that unpaid instalments can be recovered as revenue dues or in whatever way the corporation decides, with penal interest, and that their heirs remain liable for the loan (GBCDC, education loan annexure). The charge on the pledged property cannot be removed or moved to another property until the loan is repaid in full, and doing so makes the whole balance with interest payable at once.

Under the loan agreement, instalments fall due "દર અંગ્રેજી મહિનાની ૧ થી ૧૦ તારીખ વચ્ચે", between the first and the tenth of each calendar month, and interest left unpaid at a month's end is added to the balance and itself earns interest (GBCDC, education loan annexure). A missed instalment lets GBCDC deposit the security cheques, call in the entire balance and add penal interest, and any dispute goes to the courts with jurisdiction over Gandhinagar.

None of the debt is written off. GBCDC's FAQ says the scheme carries no subsidy and that the loan is not waived, not even if the borrower dies (GBCDC, FAQ).

Get help

Contact

GBCDC's head office is at 2nd Floor, Block No. 11, Dr. Jivraj Mehta Bhavan, Gandhinagar-382010 (GBCDC, contact). Its Gujarati pages print the main line in full as "+૯૧ ૭૯ ૨૩૨૫૭૫૫૯", which is the 23257559 of the English page with Gandhinagar's area code in front (GBCDC, Educational Loan Scheme; GBCDC, contact), and the loan portal gives the same line as its helpline (GBCDC loan portal). NBCFDC's list of channel partners gives another of the corporation's lines, 07923257557, and its email, mdgbcdc14@gmail.com (NBCFDC, channel partners). For questions about a particular file, GBCDC points applicants to the Deputy Director or Social Welfare Officer (Developing Castes) of their home district (GBCDC loan portal).

Source

Official links

Official Guidelines Online Application myScheme (Government of India)

Questions

ELSGBCDC – FAQ

Frequently asked questions

From the official scheme FAQ (myScheme)

Read this

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, so always confirm on the official links above before applying. Expertie does not process applications or charge fees.

References

Sources

GBCDC, information booklet – sje.gujarat.gov.in
NBCFDC, channel partners – nbcfdc.gov.in
GBCDC loan portal – gbcdconline.gujarat.gov.in
GUEEDC – gueedc.gujarat.gov.in
myScheme (Government of India) – myscheme.gov.in