Jharkhand Guruji Student Credit Card Scheme

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

Introduction of Jharkhand Guruji Credit Card Scheme: A Brief Insight

• Jharkhand Government launched Guruji Credit Card Scheme (झारखंड गुरुजी स्टूडेंट क्रेडिट कार्ड योजना) in the year 2024.
• The main objective of 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.
• Government observes that most of the meritorious students didn’t pursue for their higher education due to poor financial condition.
• To remove the burden of educational expenses, Jharkhand Government is providing financial assistance for education in the form of 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 Top 200 NIRF Ranked Colleges or University.
• Educational Loan provided under the Guruji Credit Card Yojana is completely collateral free and no mortgage is required to avail the loan.
• Beneficiary Student will have to pay a simple interest of 4% on the loan amount and the maximum repayment period is 15 years.
• Government also provide the 1 year moratorium period and bank will not charge any type of processing fees to disburse loan 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 educational loan under this scheme.
• Application under Guruji Credit Card Scheme is currenly 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 Jharkhand Government’s Guru Ji Credit Card Yojana.
• Beneficiary Students can also avail the benefit of other educational welfare schemes of 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 :-
  • 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.
  • 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 loan amount will be 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 fulfill the below mentioned eligibility criteria of Guruji Credit Card Scheme of Government of Jharkhand :-
  • Permanent Resident Students of Jharkhand are Eligible to Apply.
  • Student should have completed his/ her education from Educational Institution within Jharkhand.
  • Beneficiary Student will have to secure admission in any Educational Institution which has a overall NIRF rank of up to 200.
  • The Age of Student should not be more than 40 years at the of application.
  • Student should not have taken the benefit of this scheme before.
  • 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 Jharkhand Government under 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 ta 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

• Interest and Eligible Students can apply for educational loan up to Rs. 15 lakh under the Jharkhand Government’s Guruji Credit Card Scheme through 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 filled by the Students :-
  
• Login with the help of Mobile Number or Email ID and chosen password.
  
• A dashboard will appear on the screen from which beneficiary student will have to complete his/ her profile by filling basic details.
• Thereafter, fill 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 Insitutions (MLIs) or the Bank from the list.
• Complete the Aadhaar Authentication and submit the application form.
• Student will have to visit the selected bank branch form 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 changed the status of application from submitted to approved.
• 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 Loan Disbursement Process of Guruji Credit Card Scheme can be seen by logging in on the portal.
• In case of queries and grievances related to 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 educational loan under 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.