Hello friends, today we are providing information to you about the educational loan scheme launched by the Government of Karnataka. Students belonging to the Arya Vaishya community of the state who are studying in vocational courses like medical, dental, engineering, MBA, MCA, etc., will be provided a loan under the Education Scheme for financial assistance by the Government of Karnataka.
Under this scheme, students studying in various vocational courses will be given benefits through the Common Entrance Test (CET) conducted by the Karnataka Examination Authority. Through this scheme, a maximum loan amount of Rs 1 lakh per year will be sanctioned at 2% interest. After getting admission through CET, the approved amount will be deposited directly to the Karnataka Examination Authority (KEA). For the benefit of this scheme, 33% of women candidates are to be selected as beneficiaries, and 5% of PWD candidates will also be given benefits.
Arivu Education Loan Scheme Application Form PDF
| Article | Karnataka Arivu Loan Form PDF |
| Department | Karnataka Minorities Development Corporation |
| Beneficiary | Arya Vysya Students |
| Language | English |
| Official Website | Click Here |
| Form PDF Download | Download Here |
Documents Required For Arivu Education Loan
To apply for Karnataka Arivu Education Loan, attach the following required documents along with the application form-
- Adhar CARD
- Caste and Income Certificate
- Study Certificate
- C E T Admission ticket
- Bank Passbook
- Disabled Person – PWD Certificate
- residence certificate
- The applicant’s permanent address must be in Karnataka state.
Eligibility Criteria For Arivu Education Loan
The following eligibility is mandatory to apply for Arivu Education Loan-
- The candidate should belong to the Arya Vaishya community.
- The annual income of the family does not exceed Rs. 6,00,000
- applicant must be above 18 years and below 35 years of age.
- Only 2 candidates can be selected from one family.
Repayment of loans received under this scheme to be paid with principal and interest in 36 monthly installments over a period of 3 years. The student should start repayment by the 4th month after completing the course. (4 months shall be break period).
