Eligibility Criteria For Karnataka Arivu Education Loan
The applicant should be a permanent resident of Karnataka. Applicant must belong to Arya Vysya Community. The annual income of the applicant’s family should be less than Rs6 lakhs. Applicant age should be in between 18- 35 years.
Then, can I get loan for LLB?
To pursue law courses such as B.A. LL. … LLB, BBA LLB, B.Com LL. B that runs for 5 years, you can borrow funds from a bank or a financial institution. The student can borrow funds from the lender based on his/her academic results and income prospects.
Consequently, does government provide education loan?
The Salient features of the scheme are as under: The scheme envisages loans up to Rs. 7.5 lakh for studies in India and up to Rs.
How do I get an interest free education loan?
However, can education loans in India be actually interest-free? The answer is no. Or at least, technically, you cannot avail of an interest-free education loan unless you have availed some economic benefits or academic subsidies from either the government or your institution.
Is arivu loan Cancelled?
Following the shortage of funds, the corporation has announced the cancellation of the ‘Arivu’ loan scheme for students for the 2020-21 academic year. … Considering this, the corporation has decided to cancel the implementation of the scheme for the current academic year.”
What is Arivu scheme?
This ARIVU Scheme is applicable for Religious minority students who are desire to continue their studies and some courses like Medical, Engineering, Diploma, Degree courses. Students can be selected through KMSC Entrance Exam Test CET, Apply online for KMDC Loan Assistance 2021.
What is Kmdc micro loan?
ಕನ್ನಡ Introduction. The Karnataka Minorities Development Corporation Limited (KMDC) was established in 1986 by the Government of Karnataka for the upliftment of religious minorities i.e. Muslims, Christians, Sikhs, Parsis, Jain and Buddhists through various loan cum subsidy schemes.
What is the subsidy amount for education loan?
Subsidy for loan amount up to Rs. 7.50 Lakhs (even if loan is more than Rs. 7.50 Lakhs). Student to submit proof of income from the competent authority appointed by the state government.
Which bank is best for education loan in Karnataka?
Some of the banks who offer loans for Engineering in Karnataka includes
| Bank | Interest Rate(%) | |
|---|---|---|
| State Bank of India | 8.3-10.7% | Find My Rate Know More >> |
| Axis Bank | 10.5-15% | Find My Rate Know More >> |
| Avanse | 12-14.5% | Find My Rate Know More >> |
Which bank is best for education loan interest subsidy?
Who is eligible for education loan subsidy?
The scheme provides full interest subsidy during the moratorium period on modern education loans without any collateral security and third-party guarantee, for pursuing technical/professional courses in India. Students whose annual gross parental/ family income is up to Rs. 4.5 lakhs are eligible under the scheme.