The Guruji Student Credit Card Scheme is a transformative education loan initiative launched by the Government of Jharkhand to help students pursue higher education without financial stress. If you are planning to apply in 2026, this complete guide will explain eligibility, documents, loan amount, interest rate, and the step-by-step application process.
Education should never stop because of money — and that’s exactly what the Guruji Student Credit Card Scheme aims to solve.
Table of Contents
What is Guruji Student Credit Card Scheme?
The Guruji Student Credit Card Scheme is a state-level education loan program designed to provide financial assistance to students who want to pursue higher education in India or abroad.
- Technical courses
- Professional courses
- Degree programs
- Skill development courses
Under this initiative, students can receive financial assistance to cover tuition fees, hostel charges, books, and other academic expenses.
Objectives of the Scheme
- Increase higher education enrollment
- Reduce dropout rates
- Support economically weaker families
- Promote skill development
- Empower youth through education
Key Features of Guruji Student Credit Card Scheme
- Loan up to ₹15 lakh
- Low interest rate
- Moratorium period during course duration
- Flexible repayment options
- Covers tuition, books, hostel & related expenses
- Available for approved colleges & institutions
Eligibility Criteria
Educational Requirements
- Must have passed 10+2 or equivalent
- Admission in recognized college/institution
- Course must be approved under the scheme
Age Limit
- Minimum Age: 18 years
- Maximum Age: Usually 40 years
Domicile Requirement
- Applicant must be a permanent resident of Jharkhand
Income Criteria
- Family income must fall under the prescribed limit
Loan Amount & Interest Rate
- Maximum Loan: Up to ₹15 lakh
- Competitive interest rate
- Moratorium period: Course duration + grace period
- Easy EMI repayment after completion
Documents Required
- Aadhaar Card
- Residential/Domicile Certificate
- 10th & 12th Mark Sheets
- Admission Letter
- Course Fee Structure
- Income Certificate
- Passport-size Photographs
- Bank Account Details
- Caste Certificate (if applicable)
Step-by-Step Guide to Apply for Guruji Student Credit Card Scheme
Step 1: Online Registration
- Visit the official portal of the scheme.
- Click on “New Registration.”
- Enter name, Aadhaar number, mobile number, and email.
- Verify OTP.
- Create password.
Step 2: Login & Fill Application Form
- Login using your username and password.
- Select Guruji Student Credit Card Scheme.
- Fill personal details.
- Enter educational qualifications.
- Provide course and college details.
Step 3: Upload Documents
- Photograph
- Signature
- Certificates
- Admission proof
Step 4: Final Submission
- Review application carefully
- Confirm information
- Submit the form
- Download confirmation receipt
College & Course List
Only approved institutions and courses are eligible under the Guruji Student Credit Card Scheme, including engineering, medical, management, polytechnic, ITI, and professional degree programs.
How to Check Application Status
- Login to the official portal.
- Click on “Application Status.”
- Track verification updates.
Benefits of Guruji Student Credit Card Scheme
- Financial independence
- Equal education opportunity
- Affordable repayment
- Encourages skill development
Common Mistakes to Avoid
- Uploading unclear documents
- Entering incorrect Aadhaar number
- Choosing non-approved college
- Missing deadlines
- Providing incorrect income details
Frequently Asked Questions (FAQs)
1. What is the maximum loan amount under Guruji Student Credit Card Scheme?
Under the Guruji Student Credit Card Scheme, eligible students can receive a loan of up to ₹15 lakh. The exact amount depends on the course fee structure and eligibility criteria. The loan covers tuition fees, hostel charges, books, and other academic expenses. It helps students pursue higher education without financial stress.
2. Who can apply for the Guruji Student Credit Card Scheme?
Permanent residents of Jharkhand who have completed 10+2 and secured admission in a recognized institution can apply. The course must be approved under the scheme guidelines. Applicants must also meet the prescribed age and income criteria. Proper documentation is required for verification.
3. Is collateral required for the loan?
The scheme is designed to minimize financial burden on students and families. In most cases, collateral requirements are reduced compared to traditional education loans. The final terms depend on government guidelines and verification. This makes the scheme more accessible to economically weaker sections.
4. When does repayment begin?
Repayment usually starts after completion of the course along with a grace (moratorium) period. During this time, students can focus on securing employment. Once the moratorium ends, EMI payments begin as per the approved repayment schedule. The flexible structure reduces pressure on fresh graduates.
5. Can students from private colleges apply?
Yes, students studying in private colleges can apply if the institution is approved under the Guruji Student Credit Card Scheme. It is important to verify whether your college appears in the official approved list. Applications from non-recognized institutions may be rejected. Always check eligibility before applying.
6. How long does the approval process take?
The approval timeline depends on document verification and eligibility confirmation. If all documents are correct and complete, the process is usually faster. Delays may occur due to incorrect information or missing documents. Applicants can track the status online through the official portal.
7. Is interest charged during the study period?
Interest policies vary depending on the latest government guidelines. Generally, repayment begins after the moratorium period, which includes the course duration. Some cases may involve interest accumulation during the study period. Students should check the official notification for updated interest details.