Highlights
- The following benefits will be provided to eligible students under Karnataka Government's Arivu Education Loan Scheme :-
- Education Loan of Rs. 50,000/- to Rs. 3,00,000/-.
- No Collateral Required.
- Very Nominal Interest Rate of 2%.
- Repayment Time Period Starts after Completion of Course.
- Repayment Time Period is 48 Months.
Website
Customer Care
- Karnataka Minorities Development Corporation Limited WhatsApp Helpline Number :- 08277799990.
- Karnataka Minorities Development Corporation Limited Helpline Number :- 080-22860999.
- Karnataka Minorities Development Corporation Limited Helpdesk Email :-
- kmdc.ho.info@karnataka.gov.in.
- mwdhelpline@karnataka.gov.in.
- info.kmdc@karnataka.gov.in.
Information Brochure
Overview Of The Scheme
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|
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Name of Scheme | Karnataka Arivu Education Loan Scheme. |
Benefits |
|
Beneficiary | Minority Students of Karnataka. |
Nodal Department | Karnataka Minorities Development Corporation Limited. |
Subscription | Subscribe Here to Get Update Regarding Scheme. |
Mode of Apply | Through Karnataka Arivu Education Loan Scheme Application Form. |
Introduction
- Lots of Students leave their studies because of poor financial conditions.
- Their families are not that financially sound and that's why they are not able pay the the expenses of their child studies.
- So, with an objective to encourage students to pursue higher education and reduce the burden of expenses on studies Karnataka Government started Arivu Education Loan Scheme.
- Arivu Education Loan Scheme is basically for poor Minority Community Students who are willing to pursue professional higher education.
- Karnataka Minorities Development Corporation Limited is the implementing agency of this education loan scheme of Karnataka.
- Government of Karnataka provides collateral free education loan to students at a very nominal interest rate of 2%.
- Education Loan ranging from Rs. 50,000/- to Rs. 3,00,000/- per Year will be provided to every eligible student of Minority Community under Arivu Education Loan Scheme of Karnataka Government.
- Beneficiary Students can avail the facility of education loan on any professional, technical or general degree course which he/ she wants to pursue.
- Only those students are eligible to get education loan under Arivu Education Loan Scheme who cleared the CE/ NEET Examination conducted by Karnataka Examination Authority.
- Education Loan taken under Karnataka Arivu Education Loan Scheme will be repaid within 48 month after completion of course.
- Repayment time period started after 1 year of completion of course.
- The Interest Rate at which the education loan of Arivu Education Loan Scheme will be repaid is 2%.
- No Collateral is required in order to avail the benefit of education loan under Arivu Education Loan Scheme.
- Loan under Arivu Education Loan Scheme will only provided to Minority Community Students.
- Those students are not eligible to apply for this scheme whose parent's annual family income is more than Rs. 8,00,000/- per year.
- Education Loan under Arivu Education Loan Scheme will only be provided to those students who successfully cleared the CE/ NEET Exam conducted by Karnataka Examination Authority and willing to take admission in any Government or Private College in Karnataka.
- At the time of renewal of Arivu Education Loan, Students are required to submit the 12% amount of previous year loan.
- The last date to apply for education loan under Arivu Education Loan Scheme is 03-10-2023.
- Eligible Students can apply for education loan under Arivu Education Loan Scheme on or before 3rd of October 2023.
- Online Application Form of Arivu Education Loan Scheme is available on KMDCL Online Application Management Portal.
Benefits
- Education Loan ranging from Rs. 50,000/- to Rs. 3,00,000/- per Year will be provided to Students under Arivu Education Loan Scheme of Karnataka Government.
- Students can avail the Loan Facility till the Duration of Course Every Year.
- Interest Rate on Education Loan provided under Arivu Education Loan Scheme is 2%.
- Loan Repayment Period starts after 1 Year of Completion of Course.
- The below mentioned amount as an education loan will be provided to selected students every year under Karnataka Arivu Education Loan Scheme :-
Course Name Loan Amount
(Every Year)- MBBS
- MD
- MS
Rs. 3,00,000/- - BDS
- MDS
Rs. 1,00,000/- - B-AYUSH
- M-AYUSH
- B.Arch
- BE
- B.Tech
- M.Tech
- M.E
- M.Arch
- MBA
- MCA
- LLB
- BSc
- B.Pharma
- M.Pharma
- D.Pharma
- Pharma.D
Rs. 50,000/- - Both Government and Private College
Students are Eligible to Apply. - CET/ NEET Cleared Students are Eligible.
Eligibility
- Student should be Permanent Resident of Karnataka.
- The Annual Family Income of Student should not be more than Rs. 8,00,000/- per Year.
- Student who are willing to pursue Higher/ Professional/ Technical Education are Eligible to Apply.
- Student must have Qualified the CET/ NEET Exam conducted by Karnataka Examination Authority.
- Beneficiary Student should belong to any one of the minority community :-
- Muslims.
- Parsis.
- Buddhism.
- Christians.
- Jains.
- Sikhs.
Courses Eligible for Loan
- The following courses are eligible for education Loan under Arivu Education Loan Scheme of Government of Karnataka :-
- MBBS.
- MD.
- MS.
- BDS.
- MDS.
- B-AYUSH.
- M-AYUSH.
- Bachelor of Arachitecture. (B. Arch)
- Bachelor of Engineering. (BE)
- Bachelor of Technology. (B.Tech)
- Master of Engineering. (M.E)
- Master of Architecture. (M.Arch)
- Master of Business Administration. (MBA)
- Master of Computer Application. (MCA)
- Bachelor of Law. (LLB)
- Bachelor of Science in any of the below mentioned subject :-
- Horticulture.
- Agriculture.
- Dairy Technology.
- Forestry.
- Veterinary.
- Animal Science.
- Food Technology.
- Bio Technology.
- Fisheries.
- Sericulture.
- Home/ Community Science.
- Food Nutrition.
- Dietetics.
- Bachelor of Pharmacy. (B.Pharma)
- Master of Pharmacy. (M.Pharma)
- Pharma.D
- D.Pharma.
Document Required
- The below mentioned documents is required at the time of applying online for Arivu Education Loan Scheme of Karnataka Government :-
- Residence Proof of Karnataka.
- Passport Size Photo.
- Caste Certificate.
- Income Certificate
- Aadhar Card.
- CET Admission Letter.
- NEET Admission Letter.
- Class 10th Marksheet/ Certificate.
- Diploma/ PUC Marks Card. (If Applicable)
- College Bank Account Details.
- Student Study Certificate.
- Indemnity Bond.
- Student Self Declaration Form.
- Parents Self Declaration Form.
- Fees Structure of College.
How to Apply
- Students from the Minority Community can apply for loan for their professional education under Karnataka Arivu Education Loan Scheme by filling Online Application Form.
- Online Application Form of Karnataka Arivu Education Loan SchemeΒ is available on KMDCL Online Application Management Portal of Karnataka Government.
- Aadhar Number and Mobile Number of Student is essentially needed at the time of apply.
- Mobile Number will be verify by the portal through OTP.
- Then KMDCL Portal will Verify the Aadhar Card of Student through OTP Authentication.
- Student has to Select Arivu Education Loan Scheme from schemes list after OTP verification.
- After Clicking on Apply Online Button, Fill the below mentioned details in Arivu Education Loan Scheme Online Application Form:-
- Student Personal Details.
- Contact Details.
- Bank Account Details.
- Upload Documents.
- Take a thorough look of Application Form before submitting it and then Click on Submit Button to Submit the Application Form of Arivu Education Loan Scheme.
- Arivu Education Loan Scheme Application Form along with Documents will be scrutinised by the selection panel.
- Selection Panel will select the Eligible Students for education loan under Arivu Education Loan Scheme of Karnataka Government.
- List of Selected Students will then forwarded to bank/ financial institution for sanctioning of education loan.
- Loan Amount under Arivu Education Loan Scheme will directly transferred in the Bank Account of concerned college or university.
- Beneficiary Student can also check the Application Status of Karnataka Arivu Education Loan Scheme Online.
- Karnataka Government's KMDCL Online Application Management Portal is open for Arivu Education Loan Scheme till 03-10-2023.
- Eligible Students can apply for loan under Arivu Education Loan Scheme on or before 03-10-2023.
Important Forms
- Karnataka Arivu Education Loan Scheme Student Self Declaration.
- Karnataka Arivu Education Loan Scheme Indemnity Bond.
- Karnataka Arivu Education Loan Scheme Parent's Self Declaration.
Important Links
- Karnataka Arivu Education Loan Scheme Online Application Form.
- Karnataka Arivu Education Loan Scheme Registration.
- Karnataka Arivu Education Loan Scheme Application Status.
- Karnataka Minorities Development Corporation Limited Portal.
- Karnataka Arivu Education Loan Scheme Guidelines.
- Karnataka Minorities Development Corporation Limited App.
- Karnataka Minorities Development Corporation Limited District Office Contact Numbers.
Contact Details
- Karnataka Minorities Development Corporation Limited WhatsApp Helpline Number :- 08277799990.
- Karnataka Minorities Development Corporation Limited Helpline Number :- 080-22860999.
- Karnataka Minorities Development Corporation Limited Helpdesk Email :-
- kmdc.ho.info@karnataka.gov.in.
- mwdhelpline@karnataka.gov.in.
- info.kmdc@karnataka.gov.in.
- Karnataka Minorities Department Corporation Limited,
No. 39-821, Subedhar Chatra Road,
Sheshadripuram, Bengaluru,
Karnataka - 5660001.
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Comments
Arivu renewal loan
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