LFS-SEBC

The scheme aims to support higher education abroad for eligible students from the Socially and Educationally Backward Class (SEBC). It provides a maximum Foreign Study Loan of ₹15,00,000/- at an annual interest rate of 4% to SEBC students.

The scheme "Loan for Foreign Study (S.E.B.C.)" was launched by the Social Justice and Empowerment Department, Government of Gujarat. The scheme aims to provide students belonging to the Socially and Educationally Backward Class (S.E.B.C.) with financial assistance for higher education abroad. The scheme provides a maximum loan of ₹15,00,000/- (Rupees Fifteen Lakh) for higher studies in foreign countries. The applications for this scheme are accepted online via the official website https://esamajkalyan.gujarat.gov.in/.

• The applicant must belong to the Socially and Educationally Backward Class (S.E.B.C.).
• The applicant's family annual income must be less than ₹10,00,000/- (Rupees Ten Lakh).
• The applicant must have secured a minimum of 60% or more marks in 12th standard.
• The applicant must have secured a minimum of 50% marks if they belong to Notified Tribes/De-notified Tribes (NT/DNT), More Backward, or Extremely Backward categories.
• The applicant must be pursuing higher education abroad.
• The applicant must be pursuing a Diploma, Graduate, Post Graduate, Post Graduate Diploma, Doctor of Philosophy (Ph.D.), or higher-level courses in any field.
• The course must be for a minimum duration of 1 (one) academic year or more, or at least two semesters.
• The applicant must apply before traveling abroad or within six months of arriving abroad.
• The applicant must submit one solvent guarantor.

##### Financial Assistance

• A maximum Foreign Study Loan of ₹15,00,000/- is provided for higher education abroad.
• The loan is offered at a simple annual interest rate of 4%.
• The loan covers costs such as air tickets, registration fees, tuition fees, education fees, hostel fees, books, and other expenses associated with the first year of the course abroad.

##### Disbursement Conditions

• The full loan amount of ₹15,00,000/- will be disbursed to the student in a single installment.
• The money will be deposited into the student's bank account after the submission of the original registered mortgage deed.

##### Post-Selection Obligations

• After the sanction order is received, the student's parent or guardian must obtain the prescribed mortgage deed form from the District Office.
• The property presented by the student's parent/guardian or the guarantor must be registered as a mortgage in favor of the government.
• The loan repayment must begin one year after the completion of the student's study.
• The loan must be repaid in monthly or quarterly installments.
• The principal loan amount must be fully repaid within a maximum period of 10 years.
• The interest amount must be fully repaid within a maximum period of 2 years.
• The student must ensure all required documentation is completed within the prescribed time limit.