Karnataka Arivu Education Loan Scheme 2024: Apply Online, Interest Rates, 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.

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Karnataka Arivu Education Loan Scheme 2024

The Karnataka state government has introduced a new loan scheme aimed at supporting financially disadvantaged classes within the region. This initiative is specifically designed for students belonging to the Savita and its sub-castes, providing them with the opportunity to apply for loans to meet their educational expenses. To avail of this scheme, interested students can visit the official website dedicated to the program. The primary objective of this initiative is to empower students, enabling them to pursue their education independently without the need for external financial assistance. To gain comprehensive insights into this program, it is essential to carefully read through the details provided in the article.

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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

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Features & Benefits of Arivu Education Loan Scheme

This initiative aims to offer monetary support to students through a structured loan program. The loan amount will be determined based on the specific academic course chosen by the student. Its primary focus is to extend educational loans to students hailing from economically disadvantaged backgrounds. The loan disbursement will vary, ranging from INR 50,000 to INR 3,00,000, catering to the diverse financial needs of eligible students.

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

Eligibility Criteria

Eligibility criteria for this program include the candidate being a permanent resident of Karnataka and belonging to minority communities such as Muslim, Jain, Christian, Buddhist, Sikh, or Parsi. The scheme encompasses various courses, including but not limited to Engineering, Medical, Dental, Nursing, B.Ed, D.Ed, B-pharma, D-pharma, etc.

To qualify, the family’s annual income should not exceed 2.5 lakh from all sources. Additionally, students from minority communities who have submitted applications for CET or NEET can avail themselves of this educational loan opportunity.

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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.

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.
  • 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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