Jharkhand Guruji Credit Card Scheme

Jharkhand Government through its Guruji Credit Card Scheme will provide educational loans up to Rs. 15 lakh at a simple interest of 4% to eligible students. Loans provided under this scheme are completely collateral free and there will be no processing fees charged by the bank.
Read the complete details for more information.

Introduction of Jharkhand Guruji Credit Card Scheme: A Brief Insight

• Jharkhand Government launched the Guruji Credit Card Scheme in the year 2024.
• The main objective of the government behind starting this scheme is to ensure that no student is denied the opportunity to pursue and complete their higher education due to their financial condition.
• Department of Higher and Technical Education is the implementing department of this scheme.
• The government observes that most of the meritorious students didn’t pursue higher education due to poor financial conditions.
• To remove the burden of educational expenses, the Jharkhand Government is providing financial assistance for education in the form of a loan under the Guruji Credit Card Scheme.
• An educational loan of up to Rs. 15 lakh will be provided to all eligible students who secure their admission in the Top 200 NIRF Ranked Colleges or universities.
• Educational Loan provided under the Guruji Credit Card Yojana is completely collateral-free and no mortgage is required to avail the loan.
• The beneficiary student will have to pay a simple interest of 4% on the loan amount and the maximum repayment period is 15 years.
• The government also provide the 1 year moratorium period and banks will not charge any type of processing fees to disburse loans under the Guru Ji Credit Card Scheme.
• If the age of any student is more than 40 years at the time of application, then he/ she is not eligible to apply for an educational loan under this scheme.
• Application under the Guruji Credit Card Scheme is currently active and beneficiary students can apply online through its Official Website.
• Call on 18005693311 or contact the Zonal/ District Nodal Officers of the Bank in case any help or assistance is required regarding the Jharkhand Government’s Guru Ji Credit Card Yojana.
• Beneficiary Students can also avail the benefit of other educational welfare schemes of the Jharkhand Government, which are “Mukhyamantri Shiksha Protsahan Yojana”, “Eklavya Prashikshan Yojana” and “Manki Munda Scholarship Scheme”.
• The Complete List of Jharkhand Government Schemes can be seen here.

Benefits Provided to Eligible Beneficiaries

• Jharkhand Government will provide the following benefits to all eligible beneficiary students under the Guruji Credit Card Scheme :-
  • The beneficiary student can avail the Education Loan up to Rs. 15 Lakh.
  • Simple Interest of 4% is applicable on the availed loan amount.
  • No Collateral Security is required to mortgage.
  • The student can easily repay the loan amount within 15 years.
  • Moratorium Period of 1 year is also provided.
  • No Processing Fees will be charged by the Bank.
  • The Benefit of 1% Interest Concession will be provided if the loan amount is repaid during the moratorium period.

Eligibility Conditions Required to be Fulfilled

• Collateral Free Education Loan up to Rs. 15 lakh will be provided to only those students who fulfil the below mentioned eligibility criteria of the Guruji Credit Card Scheme of the Government of Jharkhand :-
  • Permanent Resident Students of Jharkhand are Eligible to Apply.
  • A student should have completed his/ her education from an educational institution within Jharkhand.
  • The beneficiary student will have to secure admission in any Educational Institution which has an overall NIRF rank of up to 200.
  • The Age of the student should not be more than 40 years at the of application.
  • The student should not have taken the benefit of this scheme before.
  • The student should not have availed the Educational Loan from any other Financial Institution.
  • The Loan Repayment period is 15 Years.

Documents Required to be Attached

• Beneficiary Students will have to submit the following documents to avail the benefit of collateral free education loan from the Jharkhand Government under the Guruji Credit Card Scheme :-
  • Scanned Colour Photo and Signature.
  • Student’s Aadhaar Card.
  • Class 10th and Class 12th Certificate.
  • Student’s Address Proof.
  • Admission Receipt/ Demand Letter.
  • Prospectus or Certificate of the College.
  • PAN Card of the Student.
  • Scanned Signature and Photo of Co-Applicant.
  • Mobile Number.
  • Email ID.
  • Educational Course Fees Details.

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

• Interested and Eligible Students can apply for an educational loan of up to Rs. 15 lakh under the Jharkhand Government’s Guruji Credit Card Scheme through the Online Application Form.
• The Guruji Credit Card Scheme Online Application Form is available on the Official Website of the Scheme.
• Visit the Official Website and Click on Registration.
  
• Guruji Credit Card Scheme Registration Form will appear on the screen in which the following details will have to be filled by the Students :-
  
• Login with the help of your mobile number or Email ID and chosen password.
  
• A dashboard will appear on the screen from which the beneficiary student will have to complete his/ her profile by filling in basic details.
• Thereafter, fill in admission, academics, personal and financial details in the Guruji Credit Card Yojana Online Application Form and upload all the required documents.
• Choose the Lending Bank (MLI)/ Member Lending Institutions (MLIs) or the Bank from the list.
• Complete the Aadhaar Authentication and submit the application form.
• The student will have to visit the selected bank branch for verification and further processing.
• Provide the documents as asked by the bank.
• The Member Lending Institution/ Bank will verify the received application form and documents and change the status of the application from submitted to approved.
• The beneficiary student will have to signthe Tripartite Agreement of the Guruji Credit Card Scheme.
• The Bank will disburse the institutional fees as per the demand letter.
• The Complete Approval to the loan disbursement process of the Guruji Credit Card Scheme can be seen by logging in on the portal.
• In case of queries and grievances related to the Guruji Credit Card Scheme of the Jharkhand Government, contact the Zonal/ District Nodal Officers of the Bank or call on “18005693311”.
• Portal is currently active and students can apply online for an educational loan under the Government of Jharkhand Government’s Guruji Credit Card Yojana.

Specimen of Guruji Credit Card

• Jharkhand Government will issue a Guruji Credit Card to every beneficiary student and the specimen of the issued card is mentioned below :-
  

Important Links Available

• Online Application Form of Guruji Credit Card Scheme Jharkhand.
• Registration of Guruji Credit Card Scheme Jharkhand.
• Login of Guruji Credit Card Scheme Jharkhand.
• Official Website of Guruji Credit Card Scheme Jharkhand.
• Guidelines of Guruji Credit Card Scheme Jharkhand.
• FAQs of Guruji Credit Card Scheme Jharkhand.
• Contact Details of Guruji Credit Card Scheme Jharkhand.

Contact Details in Case of Help Needed

• Helpline Number of Guruji Credit Card Scheme Jharkhand :- 18005693311.
• Contact Email of Guruji Credit Card Cell Jharkhand :- nepdhte.jharkhand@gmail.com.

Tabassum

Tabassum is a senior content writer with 5 years of experience in creating well-researched and user-friendly content on Central and State Government schemes.