Big update for students. Particularly, there is positive news for the students of Jharkhand. If a qualified student has obtained an education loan from a bank during their higher education, they can also benefit from the Guruji Student Credit Card Scheme. He simply needs to settle the prior loan and obtain an NOC from the relevant bank. Following this, he will have the opportunity to obtain a loan of up to Rs 15 lakh for advanced studies.
Student Credit Card Program
Previously, in the Guruji Student Credit Card Scheme, a stipulation was that if a student had previously obtained an education loan from a bank, they would not be eligible for the benefits of this scheme. This situation has now been eliminated. The Department of Higher and Technical Education has altered numerous additional regulations of this scheme.
The provision of the tripartite agreement has been made easier to utilize this scheme effectively. Under the arrangement, there will be a contract between the bank and the student solely for the education loan.
The requirement to form a contract with the Higher and Technical Education Department has now been eliminated. In fact, it was requiring additional time to finalize an agreement with both the department and the bank. As a result, the students could not obtain loans promptly. The department implemented all these modifications to the scheme based on the suggestions of a high-level committee.
If you live locally, it is not required to complete the 10th, 12th, or a diploma in Jharkhand
A significant modification has been introduced in this scheme, allowing students pursuing diplomas from Jharkhand institutions to also benefit from it. Previously, it was essential to complete 10th and 12th from Jharkhand institutions, but numerous students pursue engineering after their diploma through lateral entry. Consequently, a diploma has been included as well.
It has now been stated that students who have completed 10th, 12th, and diploma from institutions in other states can also benefit from this scheme, as long as they are local residents of Jharkhand and possess a valid locality certificate.
Advantages of studying in off-campus extension centers
Previously, during the rollout of this scheme, it was uncertain if the advantages would apply to studies conducted off-campus or at an institution’s extension. It has now been clarified in the scheme that an education loan will also be offered under this scheme for studying at off-campus or extension centers.
