The Jharkhand Guruji Student Credit Card (GSCC) Scheme provides comprehensive financial assistance to help students pursue higher education without financial stress. The scheme ensures that deserving students can access quality education through structured and affordable education loans.
As of 2026, the GSCC Scheme continues to offer student-friendly financial support with simplified loan processing, flexible repayment options, and government facilitation.
Financial assistance under the GSCC Scheme is provided in the form of an education loan through participating banks. The Government of Jharkhand facilitates access to credit while ensuring transparency and student protection.
The scheme reduces dependence on private or informal borrowing and allows students to focus fully on their education.
Eligible students can avail an education loan of up to ₹15,00,000 under the Jharkhand Guruji Student Credit Card Scheme. The sanctioned amount depends on the course, institution, and fee structure.
| Particular | Details |
|---|---|
| Maximum Loan Amount | ₹15,00,000 |
| Type of Assistance | Education Loan |
| Collateral Requirement | No collateral required (as per norms) |
The GSCC loan amount can be used to meet a wide range of education-related expenses. This ensures uninterrupted academic progress for students.
The GSCC Scheme offers student-friendly interest conditions with government facilitation. Interest rates are applied as per bank norms, while the state supports students through structured repayment benefits.
Timely repayment helps reduce the overall interest burden and improves credit history.
Repayment under the GSCC Scheme begins only after completion of the course. A moratorium period is provided to allow students time to secure employment.
Once approved, the loan amount is disbursed directly to the educational institution. This ensures transparency and proper utilization of funds.
Disbursement may be made in installments based on the academic fee schedule.
Parents or legal guardians generally act as co-applicants for the GSCC education loan. Their involvement helps banks assess repayment responsibility.
However, no property or collateral security is required under the scheme.
The maximum loan amount available is ₹15 lakh. The sanctioned amount depends on course fees. Bank verification is mandatory. Funds are released as per requirements.
No collateral or property security is required. The loan is sanctioned based on eligibility. Parents usually act as co-applicants. This makes the scheme accessible to all.
Repayment starts after course completion. A moratorium period is provided. This allows time for employment. EMI repayment follows bank norms.
The loan is disbursed directly to the institution. This ensures proper utilization. Installments may be released in phases. Transparency is maintained throughout.