Interest Subsidy Scheme on Education Loan
The scheme "Interest Subsidy Scheme on Education Loan" by the Education Department, Gujarat, aims to provide financial support to students by offering 100% interest subsidy on education loans.
About This Scheme
The scheme "Interest Subsidy Scheme on Education Loan" by the Education Department, Government of Gujarat, aims to provide complete financial relief to students through 100% interest subsidy on education loans for the entire moratorium period. This includes the study period and 1 additional year after course completion.
Benefits
Interest Subsidy Assistance: 100% interest subsidy on education loans up to ₹10,00,000/- for the moratorium period (course duration + 1 year).
Eligibility Criteria
The applicant must be a resident of Gujarat.
The applicant must be a student.
The applicant must have passed HSC (Higher Secondary Certificate) with at least 60 percentile.
The applicant must have taken an education loan from a recognized bank for pursuing higher education in India or abroad.
The applicant must have a family income not exceeding ₹6,00,000/- per year.
Application Process
Apply Online
Registration Process:
Step 1: Visit
https://isel.guj.nic.in
and register using your mobile number and email ID.
Step 2: Log in with OTP and change the password.
Step 3: Enter name, Aadhaar number, Ration Card number, and enrollment details correctly.
Step 4: Provide parent/guardian contact details and complete registration.
Application Process:
Step 1: Log in to
https://isel.guj.nic.in
and click “Apply.”
Step 2: Enter course details and fill out the online form.
Step 3: Upload all required documents in the specified format.
Step 4: Visit the designated help center within 7 days for document verification and submit the application set and collect the acknowledgement receipt. (For students abroad – parent/guardian with Power of Attorney signs and submits documents).
Contact Us:
Kcg E-Mail Id: isel-kcg[at]gujgov[dot]edu[dot]in
Helpline No: 9909039380 (10:30 AM to 6:00 PM)
Official Source: View on myScheme.gov.in
Benefits
Interest Subsidy Assistance: 100% interest subsidy on education loans up to ₹10,00,000/- for the moratorium period (course duration + 1 year).
Application Process
Apply Online
Registration Process:
Step 1: Visit https://isel.guj.nic.in
and register using your mobile number and email ID.
Step 2: Log in with OTP and change the password.
Step 3: Enter name, Aadhaar number, Ration Card number, and enrollment details correctly.
Step 4: Provide parent/guardian contact details and complete registration.
Application Process:
Step 1: Log in to https://isel.guj.nic.in
and click “Apply.”
Step 2: Enter course details and fill out the online form.
Step 3: Upload all required documents in the specified format.
Step 4: Visit the designated help center within 7 days for document verification and submit the application set and collect the acknowledgement receipt. (For students abroad – parent/guardian with Power of Attorney signs and submits documents).
Contact Us:
Kcg E-Mail Id: isel-kcg[at]gujgov[dot]edu[dot]in
Helpline No: 9909039380 (10:30 AM to 6:00 PM)
References & Official Links
Scheme Details
| Full Name | Interest Subsidy Scheme on Education Loan |
| Short Title | ISSOEL |
| Level | State |
| Scheme For | Individual |
| Categories | Education & Learning |
| States | Gujarat |
| Gender | All |
| Age Range | 60 — Any years |
| Area | Both |
| Income Limit | ₹600,000/year |
| Source | www.myscheme.gov.in ↗ |