What are the norms of interest subsidy for graduate medical, lawyer, technical graduate?

The interest subsidy is provided to the beneficiary to help them open their own clinic, laboratory, radiology clinic, or office.

How much assistance is available?

The assistance available is up to ₹10 lakh or the loan amount, whichever is lower.

Is this assistance available from the corporation or from the bank?

The assistance is available from the bank.

At what interest is it available?

The interest subsidy is available at the rate of 5 percent.

What are the eligibility norms?

The applicant must fulfill the following eligibility norms: The business must be registered as per the required rules. The applicant must belong to the non-reserved category. The applicant must have taken a loan from a bank, and it must be approved.

What should be the age limit of the beneficiary?

The age of the beneficiary should be between 18 and 50 years.

What should be the annual income of the family?

The annual family income should be ₹4,50,000/- or less.

What steps should be followed after submitting the online application for this scheme?

After the online application, the application should be printed out, signed and uploaded along with all the documents (certificates, mark sheets, etc.) attested by the District Manager of the district in which the student is studying. All applications for loan assistance should be submitted by courier/post/face to the District Manager of the district in which the student is studying.

What happens if the hard copy of the application is not received after the online application is submitted?

If the hard copy of the application is not submitted, the application will not be accepted.

Interest Help Scheme For Graduate Doctor-Lawyer-Technical Graduate

By Expertie Editorial Team · Expertie editorial desk

Overview

About IHSFG

The Interest Help Scheme for Graduate Doctor-Lawyer-Technical Graduate is run by the Gujarat Unreserved Educational and Economical Development Corporation (GUEEDC), which operates under the state's Social Justice and Empowerment Department. It offers an interest subsidy to graduates from the non-reserved (general or unreserved) category in Gujarat who take a bank loan to set up their own professional practice.

The aim is to lower the cost of that loan. A qualified doctor, advocate or technical graduate who borrows from a bank to open a clinic, laboratory, radiology centre or office receives a subsidy on the interest they owe, which reduces what the loan costs to repay. The help is an interest subsidy on the loan, not aid for tuition or study.

The scheme is meant for residents of Gujarat from the non-reserved category who have the professional registration their field requires and who are financing a new practice through a bank loan. Conditions on age, family income and the loan itself apply, and those exact figures are listed on the official scheme record.

Sources: GUEEDC – Interest Help Scheme for Graduate Doctor-Lawyer-Technical Graduate (official) · Gujarat Unreserved Educational & Economical Development Corporation (GUEEDC) online portal · Sarkari Yojana – Schemes for General/Unreserved Category by the Government of Gujarat

Who runs it

Provider

Gujarat Unreserved Education And Economical Development Corporation

State / UT Government

Social Justice and Empowerment Department · Gujarat Unreserved Education And Economical 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.

Important dates by cycle
Cycle	Stage	Date

Who can apply

Eligibility criteria

The applicant must be a resident of Gujarat.
The applicant must belong to the non-reserved category.
The applicant's age must be between 18 and 50 years.
The business must have the necessary registration as per the rules.
The applicant must be a doctor/ lawyer/ technical graduate and have an interest in opening their own clinic/ laboratory/ radiology/ clinic or office.
The applicant must have taken a bank loan for their business.
The applicant's annual family income must be ₹6,00,000/- or less.

What you get

Award & benefits

Quantum of Subsidy: 5% interest subsidy on loans up to ₹10,00,000/- taken from a bank.

What to prepare

Documents required

Aadhaar Card (Proof of identity and residence).

Educational qualification certificates (MBBS, LLB, or Technical Degree).

Proof of business registration (as per rules).

Bank loan sanction letter and loan account details.

Income certificate (showing annual family income ≤ ₹6 lakh).

Age proof (Birth certificate, Aadhaar, or any valid ID).

Category certificate (for non-reserved category proof).

Address proof (Voter ID, Aadhaar, or utility bill).

Any other documents if required.

Step by step

How to apply

1
Apply online
See the official links below for the application portal.

Source

Official links

Guidelines User Manual myScheme (Government of India)

Questions

IHSFG – 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.

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Interest Help Scheme For Graduate Doctor-Lawyer-Technical Graduate(IHSFG)