Arivu Education Loan Scheme 2023: Apply Online & Eligibility

Arivu Education Loan Scheme Apply Online & Application Form | Arivu Education Loan Scheme Check Loan Amount & Last Date | Arivu Education Loan Scheme Check Features & Benefits | Arivu Education Loan Scheme Check Offered Degrees & Annual Income Limit | Arivu Education Loan Scheme Check Eligibility & All Details |

There are various students wanting to undertake professional courses, keeping this thing in mind Arivu Education Loan Scheme so that the students belonging to the Minority Communities will be able to get or receive the loan amounts in order to get admission to the professional courses. The students will be able to get a loan amount just by paying a 2% interest rate.

Through this article, we will provide you with all types of information about the Arivu Education Loan Scheme 2023 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Arivu Education Loan Scheme

The Arivu Education Loan Scheme is accepting applications through the Karnataka Minorities Development Corporation (KMDC). It provides low-interest loans of 2% per year for students from religious minority communities in Karnataka. The loans are for professional courses like M.B.B.S., B.D.S., B.Arch., B.E., Ayush, and B.Tech, approved by the Karnataka Examination Authority (through CET/NEET).

The Arivu Education Loan Scheme is for students in Karnataka who belong to religious minority communities. It helps them pursue professional degrees through higher education. The loan is available for courses like MBBS, BDS, B.Arch, BE, Ayush, and B.Tech. The loan amount is transferred directly to the college’s bank account through the DBT procedure.

Highlights Of Arivu Education Loan Scheme

The highlights of this scheme are as follows:- 

Objectives Of Arivu Education Loan Scheme

The major objective of launching the Arivu Education Loan Scheme is to provide help to students from religious minority communities in Karnataka to pursue professional degrees through higher education. It provides financial assistance to students who have been accepted into specific programmes and ensures that the loan amount is directly transferred to the college’s bank account through the Direct Benefit Transfer procedure.

Another objective of launching the Arivu Education Loan Scheme is to provide financial assistance through loans to students from religious minority communities who wish to pursue professional courses. The loans can range from Rs. 50,000 to Rs. 3,00,000 per year and must be repaid with a 2% service charge after 6 months of completing the course. The eligible student’s family’s annual income should not exceed Rs. 8,00,000/-.

Beneficiary Category

The students will also need to make sure that they have attained the beneficiary category for which this scheme has been launched in order to award the loan amounts to the selected beneficiaries. This scheme can be undertaken by the residents of Karnataka state who are the students belonging to the Minority Community.

Annual Income Limit

The student’s annual income limit will also be taken into consideration whenever the selection body starts scrutinizing the application forms along with the documents affixed with them. The students will need to make sure that they have attained the annual income limit of Rs. 8,00,000/- and if it exceeds then they will get debarred from applying online.

Offered Degrees

The list of offered degrees is as follows:-

• M.B.B.S. – Bachelor of Medicine, Bachelor of Surgery
• M.D. – Doctor of Medicine
• M.S. – Master of Surgery
• B. E. – Bachelor of Engineering
• B.Tech. – Bachelor of Technology
• M. E – Master of Engineering
• M. Tech. – Master of Technology
• B.D.S. – Bachelor of Dental Surgery
• M.D.S. – Master of Dental Surgery
• B. Ayush – Bachelor of Ayurvedic Medicine and Surgery
• M. Ayush – Master of Ayurvedic Medicine and Surgery
• M.B.A. – Master of Business Administration
• M.C.A. – Master of Computer Applications
• L.L.B. – Bachelor of Laws
• B. Arch – Bachelor of Architecture
• M. Arch – Master of Architecture
• B.Sc in Horticulture
• B.Sc in Agriculture
• B.Sc in Dairy Technology
• B.Sc in Forestry
• B.Sc in Veterinary
• B.Sc in Animal Sciences
• B.Sc in Food Technology
• B.Sc in Bio Technology
• B.Sc in Fisheries
• B.Sc in Sericulture
• B.Sc in Home/community Sciences
• B.Sc in Food Nutrition and Dietetics
• B.Pharma – Bachelor of Pharmacy
• M.Pharma – Master of Pharmacy
• Pharma.D – Doctor of Pharmacy
• D.Pharma – Diploma in Pharmacy

Applying for Education Loans Through KMDC Website

If you are a student looking to obtain an education loan, it is important to know that you can submit your application through the KMDC website. This online process makes it convenient and hassle-free for students to apply for financial assistance for their educational needs.

Renewal of Education Loans

When it comes to renewing your education loan, make sure to visit your respective District Office and pay 12% of the loan amount issued by the corporation during the previous year. This step is crucial to ensure the continuity of your loan and to meet the necessary requirements. in this way, the renewal process for education loans can be possible.

Caste & Income Certificates for Loan Eligibility

In order to be eligible for an education loan, it is essential for students to provide caste and income certificates issued by the Tahsildar. These certificates determine if the student belongs to a minority community and if their family income does not exceed Rs. 8.00 lakh per annum. This will make sure that only authentic and genuine students are selected.

Maximum Loan for Medical Courses

Students who have been selected through the Karnataka Examination Authority (CET/ NEET) for Government/Private Colleges under Government Quota for M.B.B.S./M.D.,/M.S., courses will be eligible for a maximum loan of Rs. 3.00 lakh. This financial assistance aims to support medical students in pursuing their educational goals. So these will be loan amounts for medical students.

Maximum Loan for Dental Courses

For students who have been selected through the Karnataka Examination Authority (CET/ NEET) for Government/Private Colleges under Government Quota for B.D.S., and M.D.S., courses, a maximum loan of Rs. 1.00 lakh will be provided. Additionally, for B. Ayush and M. Ayush courses, the maximum loan amount is Rs. 50,000/-. These loans serve as a valuable resource for dental students in funding their education.

Maximum Loan for Architecture & Engineering Courses

Students who have successfully secured a seat in Government/Private Colleges under Government Quota for Bachelor of Architecture / Engineering / Technology (B. Arch/BE/B.Tech), M.Tech, M.E., M. Arch., courses will be eligible for a maximum loan of Rs. 50,000/-. This financial assistance aims to support students pursuing careers in the field of architecture and engineering.

Tuition Fee Loan for Management & Law Courses

In addition to the main education loan, students who have opted for M.B.A., M.C.A., and L.L.B. courses through the Karnataka Examination Authority (KEA) can avail a tuition fee loan of up to Rs. 50,000/-. This loan is specifically designed to help students pursuing management and law courses with their educational expenses.

Maximum Loan for Agricultural & Veterinary Courses

Students who have been selected for Government/Private Colleges under Government Quota for B.Sc in Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal sciences, Food Technology, Biotechnology, Fisheries, Sericulture, Home/Community Sciences, Food Nutrition, and Dietetics will be eligible for a maximum loan of Rs. 50,000/-. This financial assistance aims to support students pursuing careers in agriculture and veterinary sciences.

Maximum Loan for Pharmacy Courses

For students who have been selected through the Karnataka Examination Authority (CET/ NEET) for Government/Private Colleges under Government Quota for B.Pharma, M.Pharma, Pharma.D, and D.Pharma, a maximum loan of Rs. 50,000/- will be provided. This loan is designed to assist students in pursuing their education in the field of pharmacy.

Access to Quality Education

By offering loans at a low-interest rate of 2%, students from minority communities have the opportunity to pursue professional courses in various fields such as medicine, engineering, law, agriculture, and more. This enables them to access quality education that would otherwise be financially out of reach.

Encourages Higher Education

The provision of affordable loans encourages students from minority communities to pursue higher education. With the burden of high interest rates reduced, more students will be motivated to enroll in professional courses, resulting in a higher number of skilled professionals from these communities. Students will be able to fulfill their dreams of pursuing higher studies.

Promotes Equal Opportunities

Offering loans to minority community students at a lower interest rate promotes equal opportunities in education. It helps bridge the economic gap between different communities and ensures that talented individuals are not restricted by their financial circumstances. This contributes to building a more inclusive and egalitarian society.

Arivu Education Loan Scheme Last Date

Students can apply for the scholarship by submitting an online registration form. The specific last date for form submission has not been announced yet. Once the selection body releases the final date, we will provide an update on this article. It is advised to patiently await the release of the last date for registration.

Arivu Education Loan Scheme Mitigates Financial Burden

Higher education courses often require substantial financial investment, making it difficult for many students to pursue their desired courses. By providing loans at a nominal interest rate, the financial burden on minority community students is significantly reduced, enabling them to focus on their studies without constant financial worries.

Some Other Initiatives

The list of some other initiatives launched for minority students is as follows:-

• Maulana Azad National Scholarship for Minority Girls
• Karnataka Minority Student Scholarship
• Vidyasiri Scholarship for Minority Students
• Santoor Scholarship Program for Women
• Inspire Scholarship for Higher Education (Minority)
• Begum Hazrat Mahal Scholarship for Minority Students
• Post Matric Scholarship for Minorities
• Dr. Ambedkar Post Matric Scholarship for Economically Backward Classes
• Pre-Matric Scholarship for Minorities
• National Fellowship for Minority Students

Benefits Of Arivu Education Loan Scheme

The benefits of this scheme are as follows:-

• The students will be able to carry out professional courses.
• Students will be able to fulfill their dreams.
• Students will not have to suffer from financial issues.
• Low-interest rates will need to be paid out by the student.
• The students will need to pay only 2% interest rates on the loan amount.
• The last date to apply online will be updated soon.
• The loan renewal is possible.
• The loan amount will range from Rs. 50K to Rs. 3 Lakhs.
• It helps bridge the economic gap between different communities.
• Students will get higher studies also.

Features Of Arivu Education Loan Scheme

The features of this scheme are as follows:-

• The Karnataka Minorities Development Corporation (KMDC) has launched the Arivu Education Loan Scheme.
• This scheme will be applicable to the residents of Karnataka state.
• Students belonging to minority communities will get loan amounts.
• The rate of interest will be 2%.
• The eligible courses will be M.B.B.S., M.D., M.S., B. E., B.Tech., M. E, M. Tech., B.D.S., M.D.S., B. Ayush, M. Ayush, M.B.A., M.C.A., L.L.B., B. Arch, M. Arch, B.Sc in Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal sciences, Food Technology, Bio-Technology, Fisheries, Sericulture, Home/Community Sciences, Food Nutrition and Dietetics, B.Pharma, M.Pharma, Pharma.D, and D.Pharma for which the loan amounts will be granted.
• For securing loan amount renewal, the students will need to pay 12% of the loan amount.
• The annual income limit will be taken into consideration.
• The last date to apply online will be updated soon.
• For getting more information, one can visit the official website.

Arivu Education Loan Scheme Eligibility Criteria

The students will need to attain the below-mentioned points to apply online for this scheme:-

• The student must be a resident of Karnataka state.
• He or she must belong to the Minority community.
• The student must be pursuing Professional courses such as M.B.B.S., M.D., M.S., B. E., B.Tech., M. E, M. Tech., B.D.S., M.D.S., B. Ayush, M. Ayush, M.B.A., M.C.A., L.L.B., B. Arch, M. Arch, B.Sc in Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Animal sciences, Food Technology, Bio-Technology, Fisheries, Sericulture, Home/Community Sciences, Food Nutrition and Dietetics, B.Pharma, M.Pharma, Pharma.D, and D.Pharma.
• The annual income limit must not exceed Rs. 8 Lakhs.

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:- 

• Aadhaar card copy
• Student’s caste and income certificate
• Student’s SSLC / 10th Marks card copy
• Student’s Diploma / PUC Marks card
• Student’s CET admission letter
• Student’s NEET Admission letter
• Indemnity Bond by the Student and Parents
• Letter of Student’s CET admission letter
• Letter of Student’s NEET Admission letter
• Student Bona-fide/Study Certificate
• Student Self-declaration Form
• Parents Self-Declaration Form
• Student’s College Bank Details
• College Fee Structure
• Recent 2 Passport size photos
• Email ID
• Mobile No

Arivu Education Loan Scheme Apply Online

As this scheme has been recently launched no such information has been released with the help of various social networking sites regarding the application procedure to apply online for the Arivu Education Loan Scheme. Whenever the application procedure is launched, we will update you through this article otherwise, the applicant can visit the Official Website.

Getting Contact Details

The applicants will need to follow the below-mentioned points to get contact details:-

• The applicant will need first to visit the official website.
• The homepage will be displayed on your screen.
• Now you will need to point your cursor to the Contact Us.
• Then click on the Head Office link.

• The contact details will be displayed on the screen.

Contact Information

In case queries and questions come to your mind regarding the Arivu Education Loan Scheme, then you may contact this mentioned office address, helpline No, & email ID:-

• Office Address:-
  • No. 39-821,
  • 2nd Floor,
  • K M D C BHAVAN,
  • Subedhar Chatra Road,
  • Sheshadripuram,
  • Bengaluru – 560020,
  • Karnataka
• Helpline No:- 080-22860999
• Email ID:- kmdc.ho.info@gmail.com