The Guruji Student Credit Card Scheme (GSCC) provides comprehensive financial assistance to students pursuing higher education. The scheme ensures that financial limitations do not prevent deserving students from enrolling in quality institutions and career-oriented programs.
Under GSCC Financial Assistance 2026, the Government of Jharkhand offers a collateral-free education loan with subsidized interest support. This initiative enables students to focus on academic success without the burden of immediate financial stress.
Eligible students can receive an education loan of up to ₹15,00,000 under the GSCC scheme. The sanctioned amount depends on the course fee, duration, and approved academic expenses.
The GSCC scheme provides financial support for essential academic and living expenses required to complete higher education.
The GSCC loan is offered at a subsidized interest rate of approximately 4% simple interest per year. The Jharkhand Government supports interest subsidies to make repayment affordable.
The sanctioned loan amount is disbursed directly to the educational institution as per the approved fee schedule. Additional academic expenses may be released in stages.
Students are not required to start repayment immediately. The scheme provides a moratorium period to support students during their academic journey.
The GSCC loan is backed by a government guarantee, making it accessible to students from economically weaker and middle-income families.
The financial support provided under the scheme helps students complete higher education without economic barriers.
Applicants must follow financial guidelines to ensure smooth approval and disbursement.
The Guruji Student Credit Card Scheme offers a student-friendly repayment structure designed to reduce financial pressure after graduation. Repaying the loan becomes easier due to the moratorium period, subsidized interest rate, and long repayment tenure.
The monthly EMI depends on the loan amount, interest rate, and repayment tenure chosen. Since the GSCC scheme offers subsidized interest, EMIs remain affordable compared to standard education loans.
For example, if a student avails a loan of ₹5 lakh at a subsidized interest rate and chooses a longer repayment tenure, the EMI becomes manageable. This structured repayment system ensures financial stability during the early career stage.