How to Apply for Guruji Student Credit Card Yojana Jharkhand?

How to Apply for Guruji Student Credit Card Yojana Jharkhand? If you are a student from Jharkhand interested in continuing your education but are concerned about finances, then the Guruji Student Credit Card (GSCC) Yojana is for you. Launched by the Department of Higher and Technical Education, Government of Jharkhand, the GSCC can help you finance your further studies. The scheme is aimed at providing financial support for students pursuing higher education so that they can finish their studies without worrying about financial constraints. Under the scheme, qualifying students will be able to access education loans of up to INR 15 lakh at a subsidised 4% simple rate of interest, with additional benefits for female students. The loan is collateral-free and 100% guaranteed by the state government. If you have completed Class 10 or Class 12 from a recognised school in Jharkhand, you are eligible to apply for the student credit card. The scheme helps you pursue a diploma, undergraduate degree, or higher education. Continue reading to find out how to apply for the Guruji Student Credit Card Yojana, the eligibility requirements, and take your next step towards achieving your education goals.
Also Read: How to Check GSCC Loan Status Online?

How to Apply for Guruji Student Credit Card Yojana Jharkhand?

The Guruji Student Credit Card Scheme features a straightforward online application process designed to provide easy access to financial support for pursuing higher education. From registration to the loan disbursement, transparency and simplicity are top of mind. Below is a quick guide on each step of your application, login, and loan approval processes:

Guruji Student Credit Card Yojana Jharkhand Registration Process

• Go to the official GSCCS website.
• Click on “Registration".
• Fill in your name, email ID, and captcha code.
• Verify your mobile number by using the OTP sent to your mobile.
• Upon successful verification, a registration number will be sent via SMS.

GSCC Login & Application Form

• You will be provided with a User ID, Password, and a captcha to log in.
• In the application form, state your basic details and address.
• Upload your profile photo and signature.
• Press “Submit” and you’re done! You will receive your application ID

Guruji Student Credit Card Yojana Jharkhand Loan Process

• Choose MLI (Member Lending Institution): Identify a bank that is on the approved list for loan processing.
• Loan Approval: The chosen MLI will review the application and approve or reject the application, stating the approved amount and the timeline to be disbursed.
• Submission of Loan Information: Once approved, the MLI will upload the loan information, including amount, tenure, repayment period, and the sanction letter will also be uploaded.
• Blocking Interest Subsidy: The Corpus Bank will block the interest subsidy amount that is required based on the approved loan.
• Release of Fees: The loan amount will be sent directly to your educational institution based on the payment schedule.
• Payment of the Subsidy Amount to MLI: The portal will make interest subsidy payments to the MLI automatically.
• Establishing Repayment Schedule: The MLI will upload the repayment schedule and it will send an interest subsidy request to the Department of Higher and Technical Education (DHTE).
• Tracking of Loan: The portal will track the loan and keep all parties updated and will validate the loan status by displaying values in the portal with the loan status.
• Final Interest Payment: The DHTE will request the Corpus Bank to release the interest subsidy amount to the MLI.

Documents Required to Apply for GSCC Jharkhand

To apply for the GSCC in Jharkhand, you need to be prepared with certain documents to help streamline and simplify the application process. These documents will help verify your identity, eligibility, and income. To avoid delays in the process, be sure that all documents are valid and up to date before starting your application process. Below you will find a list of required documents that must accompany the GSCC application.

• Aadhaar Card
• Colour Passport-size Photograph
• Admission Document/Letter
• Ration Card
• Resident Certificate
• Income Certificate
• Caste Certificate
• Bank Passbook
• Birth Certificate

Eligibility Criteria to Apply for GSCC

To qualify for GSCC, you must fulfil certain eligibility conditions as part of GSCC's intent of helping students who are pursuing higher education. Listed below are the key eligibility criteria for the scheme:

• The applicant must be a student, and the applicant must be an Indian citizen.
• For a diploma, the student must have passed Class 10. For undergraduate and higher programmes, the student must have passed Class 10 and 12 from an institution that is recognised in Jharkhand.
• The student must have enrolled at recognised institutions within or outside Jharkhand. For example, IIT, IIMs, NITs, AIIMS, XLRI, BITS, NID, IIFT, etc. The institution must be in the top 200 overall or top 100 in its category in the NIRF Rankings or must have “A” grade or higher accreditation from NAAC.
• The applicant must not be older than 40 years upon submission of the loan application.
• The student must not have previously availed of the scheme.
• The student must not have availed of an education loan from State Co-operative Banks, Central Co-operative Banks, District Central Co-operative Banks, or any Public or Private sector banks for the same course for which he/she is applying for assistance under the scheme.

Knowing how to apply for Guruji Student Credit Card Yojana Jharkhand can greatly benefit students from Jharkhand with financial constraints. The Guruji Student Credit Card Yojana is a great opportunity for students in Jharkhand to pursue higher education without having to think about finances. The application process is simple; the loan terms are favorable, and the recommendation paperwork is as minimal as it gets. Students will be able to obtain the loan under the Guruji Student Credit Card Yojana and can focus on their studies by following the simple application steps referenced above.
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