Arivu Education Loan Scheme
A programme by Karnataka Minorities Development Corporation (KMDC) (Karnataka Minorities Development Corporation)
An education loan for religious-minority students admitted through CET or NEET to listed professional and science courses, repayable with a 2% per annum service charge.
At a glance
| Best for | Religious-minority students admitted through CET or NEET to a listed course |
|---|---|
| Duration | For each year of the course |
About Arivu Education Loan Scheme
Arivu gives education loans to religious-minority students who are admitted through CET or NEET to listed professional and science courses. The loan is paid to the student's college bank account by direct benefit transfer.
What you get
- A loan for each year of the course, within the range the scheme page sets
- Repayment with a 2% per annum service charge, starting six months after the course ends
Who can apply
- Students from the state's religious minority community
- Students selected through CET or NEET under the Government quota
- Students on a listed course, such as MBBS, engineering, MBA, law, pharmacy, veterinary or agriculture
- Families within the income limit the scheme page sets
How selection works: Selection is through CET or NEET, and the loan is granted for every year of the course.
How to apply: Apply online through the corporation's portal. Renewal applicants pay a share of the loan disbursed in the previous year.
Where to apply
Other KMDC programmes
- Foreign Education Loan SchemeA loan for minority students doing a graduate or postgraduate degree at a recognised university abroad, secured on a mortgage of property.
- Swawalambi Sarathi SchemeA subsidy towards the cost of a taxi, goods vehicle or passenger autorickshaw, for applicants whose bank loan for the vehicle has been sanctioned.
- Direct Business Loan SchemeA loan for eligible minority entrepreneurs to start or expand a business, secured on a mortgage of property, with interest of 4% or 6% depending on family income.
- Ganga Kalyana SchemeA fully subsidised scheme providing bore wells, pumps and electrification to minorities and small farmers in rural areas.
- Shramashakthi Loan SchemeSkill training and a loan at 4% interest, repayable in 36 instalments, for religious-minority entrepreneurs; half the loan can become a subsidy if repaid on time.
Everything about Karnataka Minorities Development Corporation (KMDC)