Scholarship
Educational Loan Scheme (GBCDC)(ELSGBCDC)
Overview
About ELSGBCDC
The Educational Loan Scheme is run by the Gujarat Backward Classes Development Corporation (GBCDC), a state undertaking under Gujarat's Social Justice and Empowerment Department. GBCDC has acted as a State Channelising Agency for the National Backward Classes Finance and Development Corporation since 1997-98, routing central funds into loan schemes for backward-class households in the state.
The scheme lends money at concessional interest rates so that students can meet the cost of higher technical and professional study. It covers graduate and postgraduate programmes in fields such as engineering, medicine, MBA and MCA, where course fees and living costs often put professional education out of reach without borrowing.
It is meant for students from Gujarat who belong to the socially and educationally backward classes (SEBC) recognised by the state. Because this is a loan rather than a grant, the amount is repayable, and eligibility depends on the caste and course conditions GBCDC sets. You should confirm the current terms and the list of approved courses with the corporation before you apply.
Sources: myScheme – Educational Loan Scheme (GBCDC) · Gujarat Backward Classes Development Corporation – Home, Social Justice and Empowerment Department · Gujarat Backward Classes Development Corporation – Objectives
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 | — |
| Category | Education & Learning, Social welfare & Empowerment |
| Beneficiaries | Individual |
| Benefit type | Cash |
| Application mode | Online |
Calendar
Important dates
Across all open application cycles.
| Cycle | Stage | Date |
|---|
Who can apply
Eligibility criteria
| 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 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.
What you get
Award & benefits
- 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
Step by step
How to apply
- 1Apply online
See the official links below for the application portal.
Source
Official links
Questions
ELSGBCDC – 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.