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Arivu Vidyabhyasa Education Loan 2024
Arivu Vidyabhyasa Education Loan 2024
The Karnataka Minorities Development Corporation Limited (KMDCL) is dedicated to empowering economically disadvantaged individuals from minority communities. The primary objective of KMDCL is to provide loan and subsidy facilities to help these individuals achieve self-reliance in education, employment, infrastructure, livelihood, and other essential areas. In line with this mission, KMDCL offers the Arivu Education Loan for the academic year 2024. This loan aims to support minority students who have secured admissions through the Karnataka Examination Authority (KEA) via CET or NEET. Eligible courses include M.B.B.S., B.D.S., Ayush, Bachelor of Architecture, Bachelor of Engineering, and Bachelor of Technology.
The Arivu Education Loan ensures that these students can pursue their higher education without financial barriers, promoting equal opportunities and fostering a more inclusive educational environment.
Documents Required
  • Bonafide/Study Certificate
  • College Fee Details
  • Previous year pass mark sheet
  • College Bank Details
  • Receipt of payment of security deposit (12% of loan amount).
  • KEA enrollment order copy
  • Caste/Minority Certificate issued by Competent Authority
  • Income certificate issued by competent authority
  • Indemnity Bond
  • Self declaration letter of the student
  • Self declaration letter of parents
  • Valid Email ID & Mobile No.
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    Eligibility Criteria
  • Applicants must be Indian citizens & Permanent residents of Karnataka.
  • This education loan is exclusively open to both genders.
  • This education loan exclusively open to all castes in minorities categories are eligible to apply.
  • Based on the information provided, here is the summary of the loan scheme for various courses offered through the Karnataka Examinations Authority (CET/NEET):
    MBBS, MD, MS Courses:
  • Maximum loan: Rs. 5,00,000/-
  • Eligibility: Students selected in Government/Private Colleges under Government Quota.
    BDS, MDS Courses:
  • Maximum loan: Rs. 1,00,000/-
  • Eligibility: Students selected in Government/Private Colleges under Government Quota.
    B.Ayush, M.Ayush Courses:
  • Maximum loan: Rs. 50,000/-
  • Eligibility: Students selected in Government/Private Colleges under Government Quota.
    B.E./B.Tech, M.Tech, M.E. Courses:
  • Maximum loan: Rs. 50,000/-
  • Eligibility: Students selected through Karnataka Examinations Authority (CET/NEET) for B.Arch, M.Arch courses in Government/Private Colleges under Government Quota.
    MBA, MCA, LLB Courses:
  • Maximum loan: Rs. 50,000/-
  • Eligibility: Students selected through Karnataka Examinations Authority (CET/NEET).
    B.Sc. Courses (Horticulture, Agriculture, Dairy Technology, etc.):
  • Maximum loan: Rs. 50,000/-
  • Eligibility: Students selected in Government Quota to Government/Private Colleges under Karnataka Examinations Authority (CET/NEET).
    B.Pharma, M.Pharma, D.Pharma Courses:
  • Maximum loan: Rs. 50,000/-
  • Eligibility: Students selected through Karnataka Examinations Authority (CET/NEET) in Government/Private Colleges under Government Quota.
    Additional Eligibility Criteria:
  • Annual family income from all sources should be less than Rs. 8,00,000/-.
  • The loan must be repaid within 48 months after 1 year of course completion.
  • The loan carries an interest rate of 2%.
    The Arivu Vidyabhyasa Loan Scheme covers the following courses:
  • MBBS (Bachelor of Medicine, Bachelor of Surgery)
  • BDS (Bachelor of Dental Surgery)
  • B.AYUSH (Bachelor of Ayurveda, Medicine, and Surgery/Homeopathy/Unani/Siddha)
  • Bachelor of Architecture (B.Arch)
  • Bachelor of Engineering (B.E.)
  • Bachelor of Technology (B.Tech)
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    ₹ 5,00,000

    31 October

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    Medical
    Bachelors
    Masters
    How To Apply
    Follow the below steps to apply for the program:
    1. Visit Our Official Website.
    2. Read carefully all the information about the program details.
    3. Click on the "Register" to complete the registration with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in, Click on the "Apply" button.
    6. You will be directed to the application form. Fill in all the required details accurately.
    7. Prepare the necessary documents as specified in the application requirements.
    8. Upload these documents in the designated sections of the application form.
    9. Before submitting, review all the information you have provided.
    10. After that, Click on the "Submit” button to submit your application.
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    ₹ 5,00,000

    Arivu Vidyabhyasa Education Loan 2024
    SCHOLARSHIP PROVIDER
    Karnataka Minorities Development Corporation Limited
    APPLICATION DEADLINE
    31 October
    EDUCATION LEVEL
    Engineering
    Medical
    Bachelors
    Masters
    FAMILY INCOME
    800000.00
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    The Karnataka Minorities Development Corporation Limited (KMDCL) is dedicated to empowering economically disadvantaged individuals from minority communities. The primary objective of KMDCL is to provide loan and subsidy facilities to help these individuals achieve self-reliance in education, employment, infrastructure, livelihood, and other essential areas. In line with this mission, KMDCL offers the Arivu Education Loan for the academic year 2024. This loan aims to support minority students who have secured admissions through the Karnataka Examination Authority (KEA) via CET or NEET. Eligible courses include M.B.B.S., B.D.S., Ayush, Bachelor of Architecture, Bachelor of Engineering, and Bachelor of Technology.
    The Arivu Education Loan ensures that these students can pursue their higher education without financial barriers, promoting equal opportunities and fostering a more inclusive educational environment.
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