Arivu Education Loan Scheme

About This Scheme

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.

Eligibility

1. The student should belong to the State Religious Minority Community. 1. The student should be a permanent resident of the State. 1. The annual income of the family should not exceed ₹8,00,000/-.

Benefits

> *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.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.