Interest Free Education Loan Scheme Goa – complete detail

Interest Free Education Loan Scheme Goa – Goa State Government has introduced interest-free education loan scheme (IFEL) for the students of Goa (Goa Education Development Corporation). Under this scheme, the Government provides interest-free loans for the degree and diploma courses approved at the Bachelor and Postgraduate levels in India or abroad. In this plan, the students have to pay only the principal and the government is bearing interest on this.

In the interest-free education loan scheme implemented by the Goa Education Development Corporation, the Government provides a loan of maximum amount of Rs. 10 lakhs for courses of 5 years in India and up to 16 lakhs for courses over 2 years abroad. Provides maximum loan. The interest free education loan scheme for higher education was started in the year 2005-06.

The world is becoming increasingly special and complex and education is being developed to meet those needs. Today, a wide range of special courses and programs at all levels, such as undergraduate, postgraduate degree, diploma, vocational training in student and students abroad You can choose. The Goa Government has taken a very good initiative for this. An education loan makes it possible for students to study academic studies in major institutions of their choice, even if they or their family can not afford to spend at that time.

Benefits of Interest Free Education Loan Scheme

Interest free loans for higher education in India or abroad
The student will only have to return the principal back
Loans for higher education in India or abroad

Eligibility criteria for interest free education loan scheme

The applicant should be a resident of Goa.
Applicants should be less than 30 years old.
Applicants should have passed Class X and XII examinations from the recognized institution in Goa for admission to the courses at the diploma or degree level.
The applicant must obtain a graduate certificate from any recognized institution.
In the case of general category, the tenth and twelfth applicant should have minimum minimum 60% marks in the study.
Up to 50% in case of SC / ST / OBC
The annual family income of the student should not be more than 200000 / -.

Essential documents for Interest Free Education Loan Scheme

Identity cards such as Aadhaar card
residence certificate
Birth certificate
Family income certificate
10th or 12th Issue Letter
Diploma pass certificate in diploma case
Passport size photos
Correct copy of evidence of entry
Power of attorney (in case of outside study of Goa) in the name of working parent
Bank account statement
Caste certificate if necessary

How to apply for an interest free education loan scheme

The applicant can apply for interest-free education loan online.
Visit the interest free education loan scheme official site
If you are a new applicant then click on register and fill in the required details.
After creating a profile, the applicant will get UNSERNAME and the password.
Click on login portal and enter UNSERNAME and password.
Once log in, fill out important details such as personal details, academic details, loan details required for the course, background details and the list of required documents to upload the form.
Fill out the form and submit it.
On submission of form, registration number will be generated.
The applicant has to download and print it for reference.
The applicant can just renew his form by visiting his portal.
Reference and Details

  • For more information about interest-free education loan scheme
  • Goa Education Development Corporation

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