Institutions Covered Across India
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Guruji Student Credit Card Scheme (GSCC) - Government of Jharkhand
What's New
Must have a valid Local Residence Certificate of Jharkhand issued by Competent Authority OR Passed Class 10th from any recognized School in Jharkhand, if applying for loan to pursue Diploma Level Programmes OR Passed Class 10th and Class 12th / Diploma from any School / College / University in Jharkhand, if applying for loan to pursue Degree Level Programmes. Must not be more than 40 Years of age while applying for the loan. Must not be prior beneficiary of the Scheme. Must have secured admission in any eligible College / University under the Scheme.
Before you apply
Eligibility requirements under the Scheme
Check that you meet all four conditions before starting your application.
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Must have a valid Local Residence Certificate of Jharkhand issued by Competent Authority
ORPassed Class 10th from any recognized School in Jharkhand, if applying for loan to pursue Diploma Level Programmes
ORPassed Class 10th and Class 12th / Diploma from any School / College / University in Jharkhand, if applying for loan to pursue Degree Level Programmes
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Must not be more than 40 years of age while applying for the loan
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Must not be a prior beneficiary of the Scheme
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Must have secured admission in any eligible College / University under the Scheme
About the Scheme
Guruji Student Credit Card (GSCC) Scheme
An overarching goal of the State Government is to guarantee that every student has the chance to access higher education in top institutions of the Country, regardless of their collateral free full guaranteed education loan up to Rs 15 Lakh. This commitment aims to eliminate any barriers that might prevent students from pursuing further studies due to financial constraints.
The objective of this scheme is to offer financial aid from the State Government to students who have successfully completed their Class 10th education in a recognized school within Jharkhand. This assistance entails nominal interest rates, accompanied by appropriate guarantees to the bank. The support aims to facilitate the pursuit of diploma courses for these students. Additionally, students who have completed their Class 10th and Class 12th education from recognized schools in the state are also eligible for this support, intended to assist them in pursuing undergraduate and higher-level courses.
Know More
How it works
Application Process Workflow
Follow these 4 simple steps to apply for a collateral-free education loan under the GSCC Scheme.
STEP 01
Verify your residence, age & course criteria, then register on the student portal.
Criteria & LinkKnow More
STEP 02
Upload Class 10/12 marksheets, Aadhaar, admission letter, fee structure & passbook.
Document ChecklistKnow More
STEP 03
MLI Bank verifies application, signs Tripartite Agreement (TPA) & disburses loan.
Sanction WorkflowKnow More
STEP 04
Enjoy interest subsidy (3%/4% net rate). EMI starts 1 year after course completion.
Subsidy TermsKnow More
After the course
Repayment of Loan
Pay interest during study, or start EMI of principal and interest one year after the course ends.
- 4%for students who don’t pay interest during study period
- 3%for students who pay interest during study period
- 1 yearmoratorium after the course
Public Dashboard
Dedicated to the meritorious students of Jharkhand
Banks Empanelled
10
Figures from 01 Jan 2024 to 06 Nov 2026
Applications Submitted
5,531
Applications Approved
2,438
Loans Sanctioned
2,112
Loans Disbursed
1,326
Sanctioned Amount (₹ Cr)
192.37
Disbursed Amount (₹ Cr)
41.36
Subvention Amount (₹)
1,85,878
View full dashboard
Charts, district and bank breakdowns, and the same figures, on a page you can share.
FAQ
Frequently asked questions
Quick answers about the Guruji Student Credit Card Scheme.
01What is the Guruji Student Credit Card Scheme?
A Government of Jharkhand scheme that offers a collateral-free education loan of up to ₹15 lakh to eligible students, with the State supporting the interest cost.
02What interest rate will I pay?
Interest is EBLR-linked simple interest. Under the Scheme the end rate is 4%, or 3% if you pay interest during the study period.
03Who is eligible?
Students with a valid Jharkhand Local Residence Certificate or the required Class 10th / 12th / Diploma from Jharkhand institutions, aged not more than 40 years, who are not prior beneficiaries of the Scheme and have secured admission in an eligible institution.
04When does repayment start?
You can pay interest during the study period, or start the EMI of principal and interest one year after the course ends.
05Where can I get help?
Call the toll-free helpline 1800-569-3311 or use the Contact page.
Need help with your application?
Talk to the GSCC helpdesk for guidance on eligibility, documents and status.
Toll-free 1800-569-3311