AELS
What this is
The "Arivu Education Loan Scheme," launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation, offers loans to students pursuing professional courses like MBBS, B.E., B.Tech., MBA, MCA, LLB, and others in various fields
In detail
The "Arivu Education Loan Scheme" was launched by the Minorities Welfare Department, Government of Karnataka, and is implemented by the Karnataka Minorities Development Corporation. The scheme aims to provide loans to students who wish to pursue professional courses such as M.B.B.S., M.D., M.S., B.E., B.Tech., M.E., M.Tech., B.D.S., M.D.S., B.Ayush, M.Ayush, M.B.A., M.C.A., L.L.B., B.Arch, M.Arch, B.Sc. in Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal Sciences, Food Technology, Biotechnology, Fisheries, Sericulture, Home/Community Sciences, Food Nutrition and Dietetics, B.Pharma, M.Pharma, Pharma.D, and D.Pharma.
Who qualifies
- The student should belong to the State Religious Minority Community.
- The student should be a permanent resident of the State.
- The annual income of the family should not exceed ₹8,00,000/-.
What you get
> Loan Amount:
- The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration.
> Loan Renewal Process:
- Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office.
> Loan Repayment:
- Repay the loan with service charges of 2% after 6 months of completion of the course.
not about the scheme.
Provenance
| schemeName | Arivu Education Loan Scheme | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | True | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |