The scheme provides financial support for Jharkhand students to pursue higher education with education loans up to ₹15,00,000/- at a subsidized 4% interest rate.

Students who completed their 10th and 12th grades in Jharkhand and secured admission to recognized institutions for diploma, undergraduate, or higher courses are eligible.

Yes, applicants must be 40 years or younger at the time of application.

Courses such as engineering, medical, law, and research at reputed institutions like IITs, IIMs, and AIIMS are covered.

Students can avail up to ₹15,00,000/- as an education loan.

A 4% simple interest rate applies, and an additional 0.5% reduction is available for female students.

No collateral is required; however, a co-obligation from parents or legal guardians is necessary.

Register on the GSCC web portal, fill out the application form, and submit necessary documents like admission letters and fee schedules.

You must select a Member Lending Institution (MLI) from the onboarded banks listed on the portal.

The loan covers institutional fees, hostel expenses, and a portion for non-institutional costs like travel, rent, and study materials.

Up to 30% of the loan can be allocated for non-institutional expenses.

Any unused amount can be rolled over to the next semester.

Yes, there’s a one-year repayment holiday after course completion or employment, whichever is earlier.

Loans not repaid in time may invoke the Public Demand Recovery Act after notifying the student.

Institutional fees are directly paid to the institution’s bank account as per the payment schedule.

No processing fees are charged by the lending bank for sanctioning or disbursement.

Documents like admission letters, academic records, Aadhaar, and parent/legal guardian's co-obligation are needed.

Yes, students must have life insurance up to the loan amount, with premiums debited from the loan account.

Students can monitor their application, disbursement, and repayment status on their personal dashboard on the GSCC web portal.

A dedicated helpline by the Web Portal Development Agency is available for scheme-related and technical queries.