Karnataka Arivu Education Loan Scheme 2024: Online Apply Interest Rate, Eligibility & Last Date

Karnataka Arivu Education loan scheme:- The government of Karnataka has recently taken a step to provide loans to students and help them academically. The name of the scheme is Arivu Education Loan scheme. The interest rate for this loan is low. The main objective of the loan is to provide financial assistance to students so that they won’t face any problem in their studies.

Karnataka Arivu Education Loan Scheme 2024

The state government of Karnataka has launched the loan scheme for financially backward classes of the Karnataka. The students belonging to Savita and it’s sub-caste can apply for the loan if they need it. Also the students who wants to apply for the loan can visit the official website for this purpose. This scheme ensures to make students independent and complete their education without borrowing money from anyone. You need to read this article carefully to know all the details about this scheme.

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Highlights of Arivu Education Loan Scheme Karnataka

Scheme nameArivu Education Loan Scheme
Launched byKarnataka minorities development corporation limited
ObjectiveTo provide education loan to students.
Scholarship amountRs. 50,000/ – Rs. 3,00,000/-
CategoryEducation loan
Mode of applicationOnline/ offline
Official websitehttps://kmdc.karnataka.gov.in/4/arivu-education-loan-scheme/en

Features & Benefits of Arivu Education Loan Scheme

  • The scheme provides financial assistance to students by providing loans.
  • The loan will be provided according to the course the student will be pursuing.
  • This scheme will ensure to give education loans to students from economically weaker sections.
  • The amount of the loan will range from rupees 50,000 to rupees 3,00,000.

Loan Limits and Interest Rate for Arivu Loan Scheme

Courses  Loan Limits (per year)
M.B.B.S., M.D., M.S.         Up to INR 3 lakh
B.D.S., M.D.S.Up to INR 1 lakh
M.B.A., M.C.A., and L.L.B.Up to INR 50,000
B.Arch., B.E., B.Tech., M.Tech., M.E., M.Arch.Up to INR 50,000
B.Pharma., M.Pharma., Pharma.D.,and D.Pharma.Up to INR 50,000
B.Sc. in Horticulture, Agriculture, Dairy Technology, Forestry, Food Technology, Bio Technology, Veterinary, Animal science, Fisheries, Home/Community Sciences, Sericulture, Food Nutrition and DieteticsUp to INR 50,000
B.Ayush. and M.Ayush.   Up to INR 50,000

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Eligibility Criteria

  • The candidate must be a permanent resident of Karnataka.
  • The candidate must be from minority communities ( Muslim, Jain, Christian, Buddhist, Sikh or Parsi)
  • The courses that come under this scheme are Engineering, Medical, Dental, Nursing, B.Ed, D.Ed, B-pharma, D-pharma etc.
  • Income of the family must be less than 2.5 lakh per year from all the sources.
  • The students of minority community who have applied for CET, NEET can apply for education loan.

Documents required

  • 4 passport-size photographs of the candidate.
  • Caste and income certificate.
  • Ration card/ Aadhar card/ Telephone bill/ water bill or address proof.
  • CET / NEET admission ticket.
  • Study certificate (present course Non-CET)
  • College fee structure (Non-CET).
  • Previous year marks card (Non-CET)
  • Partial recovery receipt.
  • College bank details.

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How to Apply for Arivu Education Loan Scheme

The following procedure should be followed to apply for this scheme:-

  • Firstly, visit the official website of Karnataka minorities development corporation.
  • The homepage will appear on your screen.
How to Apply for Arivu Education Loan Scheme
  • Click on Arivu and then the Arivu scheme online application web link.
  • Click on the category you are eligible for.
  • After this fill in all the important details.
  • Save the application and take a printout of the acknowledgment slip.
  • You should attach all the important documents.
  • Submit the file to the KMDC district office.

Contact Us
For further details or in case of any query or complaint related to this scheme, feel free to contact on the below-given details:

Phone Number: 8277799990

Email ID: mwdhelpline@karnataka.gov.in

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