The Guruji Student Credit Card (GSCC) Scheme, launched by the Department of Higher and Technical Education, Government of Jharkhand, provides financial support to students aspiring for higher and technical education. The scheme ensures access to quality education by offering education loans up to ₹15 lakhs at a subsidized interest rate of 4%, with an extended repayment period of up to 15 years.
Key Highlights of GSCC Loan Scheme
• Scheme Name: Guruji Student Credit Card Scheme (GSCC)
• Launched by: Government of Jharkhand – DHTE
• Loan Amount: Up to ₹15,00,000
• Interest Rate: 4% Simple Interest (subsidized)
• Repayment Period: Up to 15 years
• Processing Fees: None
• Application Mode: Online
Benefits of the Scheme
• Loan Amount: Up to ₹15 lakhs for eligible courses and institutions
• Low Interest Rate: Subsidized 4% simple interest
• No Processing Fee: No charges for application, sanctioning, or disbursement
• Extended Repayment Term: Up to 15 years
• Female Students: Eligible for additional benefits and preference
• Covers Both Institutional & Non-Institutional Expenses like tuition, books, hostel, travel, etc.
Eligibility Criteria
• The applicant must be a student and an Indian national
• Must have completed Class 10 (for Diploma) or Class 12 (for UG and higher) from a recognized school in Jharkhand
• Must have secured admission into accredited institutions such as:
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IITs, IIMs, NITs, AIIMSs, NLUs, BITS, XLRI, IIFTs, ISIs, IISc, ICFAI, SPA, NID, etc.
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Institutions ranked up to 200 in NIRF overall, or up to 100 in individual categories, or NAAC “A” grade and above
• Maximum age limit: 40 years at the time of application
• Must not be a prior beneficiary of GSCC or have availed an education loan for the same course from other banks
How to Apply – Online Process
Online Registration
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Visit the GSCC Portal
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Click “Registration”, fill in your name, email, captcha, and verify through OTP
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Receive your registration number via SMS
Login and Application
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Log in with User ID and Password
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Fill in basic details, address, education, course, and financial info
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Upload profile photo, signature, and documents
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Submit and get your application ID
Loan Disbursal Process
• Student selects MLI (Member Lending Institution) from the onboarded list
• MLI reviews and approves the loan application
• Loan details and sanction letter uploaded by MLI
• Corpus Bank blocks interest subvention, and MLI disburses a fee to the institution
• Repayment schedule is uploaded and auto-validated on the portal
Necessary Documents for Application
• Aadhaar Card
• Colour Passport-size Photograph
• Admission Letter/Document
• Ration Card
• Residence Certificate
• Income Certificate
• Caste Certificate (if applicable)
• Bank Passbook (student’s name)
• Birth Certificate
Frequently Asked Questions (FAQs)
Q: What is the GSCC Scheme?
A: An education loan scheme by the Jharkhand government offering up to ₹15 lakhs at 4% interest for students pursuing higher education.
Q: Who is eligible?
A: Indian students from Jharkhand who meet the educational and institutional criteria and are not older than 40 years.
Q: What is the maximum loan amount?
A: ₹15,00,000
Q: Are collateral or guarantees required?
A: Not mentioned; governed by the lending institution’s policy.
Q: Which courses are covered?
A: Diploma, UG, PG, and higher professional/technical courses in top-ranked or NAAC A+ accredited institutions in India.
Q: Can I choose any bank for the loan?
A: You must choose from the onboarded Member Lending Institutions (MLIs) listed on the GSCC portal.
Q: What expenses are covered?
A: Tuition fees, hostel fees, books, equipment, and other academic-related costs.
Q: Is there a moratorium period?
A: Not explicitly mentioned, but repayment begins as per MLI terms, usually post-course completion.
Q: Is there a processing fee?
A: No processing fees are charged.
Q: How can I track my application or get support?
A: Through the GSCC portal dashboard or by contacting DHTE or your selected MLI.
Sources and References
• GSCC Official Portal
• Department of Higher and Technical Education, Jharkhand
• Scheme Guidelines – Available on the GSCC portal
