[PDF] Karnataka Arivu Educational Loan Scheme Application Form | KMDC loan application Form 2020

Karnataka Arivu Educational Loan Scheme Application Form | Karnataka Arivu Educational Loan Scheme Application Form PDF Download| Karnataka Arivu Educational Loan Scheme  Registration Form

Karnataka Arivu Educational Loan Scheme Application Form:- Under Karnataka Arivu Educational Loan state government provide loan at a low-interest rate as financial assistance to the students of vaisya communities for their Graduation, Post-graduation and also for professional Ph.D. Courses. Today in this article, we are going to discuss benefits, objectives, documents required, eligibility criteria, the application process, of the scheme so to know more about Karnataka Arivu Educational Loan Scheme stay connected with us.

Karnataka Arivu Educational Loan Scheme
Karnataka Arivu Educational Loan Scheme

Karnataka Arivu Educational Loan Scheme

The main objective of this scheme is to help the vaisya communities’ students for their higher education. The Karnataka government is providing education loans to the students of Vaisya Communities so that they don’t have to stop their education due to their financial problems. The government provides a loan of  Rs. 1,00,000 at 2% rate of interest per annum, to the student studying in professional courses like Medical, Dental, Engineering, MBA, MCA, etc. Under Karnataka Arivu Education Loan Scheme 5% of beneficiaries will be PWD candidates and 33% beneficiaries will be women.

To avail, the benefit of this scheme applicant age should be in between 18-35 years, an applicant’s family annual income should be less than Rs6 lakhs. The students should be selected through CET and have to submit a fee structure and study certificate from the concerned principal of the college.

Repayment Of Loan

Applicants have to repay the loan amount with interest in 3 years. After completing the course the student should start repayment from the 4th month.

Karnataka Arivu Educational Loan Scheme Application Form Highlights
Article Karnataka Arivu Educational Loan Scheme
Department Karnataka Minorities Development Corporation
Beneficiary Arya Vysya Students
Benefit Financial Assistance For Education.
Official site Click Here

Eligibility Criteria For Karnataka Arivu Education Loan

To apply for the Karnataka Arivu Education Loan, you have to fulfill the following eligibility criteria.

  • 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.
  •  The benefit of this scheme can be avail by only 2 people from one family.

Documents Required For Karnataka Arivu Educational Loan Scheme

For Karnataka Arivu Education Loan, you have to attach the following required documents with the application form.

  • Resident Proof.
  • Identity Proof.
  • Aadhaar Card
  • Caste  Certificate.
  • Income Certificate.
  • Education Certificate
  • C E T Admission ticket.
  • Fees Structure.
  • College Hostel Certificate.
  • Bank Details.
  • Disabled Person – PWD Certificate.

Application Procedure of Karnataka Arivu Education  Loan Scheme

If you also want to apply for a Karnataka Arivu Educational Loan Scheme, then you have to follow the following procedure.

First of all, you have to download the application form for the driving license from the link given below. After that, to fill the application form properly and attach all the necessary documents with the application form, it has to be submitted to the concerned Community Development Corporation (AKA).

You can download the  Karnataka Arivu Educational Loan Scheme Application from the link given below.

Download Application Form Of Karnataka Arivu Educational Loan Scheme

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