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Guruji Student Credit Card (GSCC) Scheme 2025 – Apply Online for Education Loan up to ₹15 Lakh

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The Guruji Student Credit Card (GSCC) Scheme has been launched by the Department of Higher and Technical Education (DHTE), Government of Jharkhand to provide financial assistance to students pursuing higher education in India.

Under this scheme, students can avail of education loans up to ₹15,00,000 at a highly subsidized 4% simple interest rate, with further benefits for female students. The scheme aims to ensure that talented and deserving students do not face financial barriers in accessing quality higher education.

Guruji Student Credit Card Scheme 2025 : Highlights

  • Launched By: Government of Jharkhand (Department of Higher & Technical Education)
  • Purpose: To provide affordable education loans for higher education
  • Loan Amount: Up to ₹15,00,000
  • Interest Rate: 4% simple interest (with concessions for female students)
  • Repayment Tenure: Maximum 15 years
  • Processing Fees: Nil (No additional charges)
  • Mode of Application: Online through GSCC portal

Benefits of GSCC Scheme

  • Education loan of up to ₹15,00,000.
  • Subsidized 4% simple interest rate.
  • Special benefits for female students in repayment.
  • Maximum repayment period of 15 years, easing financial burden.
  • No processing, sanctioning, or disbursement charges.
  • Direct payment of course fees to institutions.

Eligibility Criteria

To apply for the Guruji Student Credit Card Scheme, the student must:

  1. Be an Indian national and a resident of Jharkhand.
  2. Have completed Class 10th (for Diploma courses) OR Class 10th & 12th (for Undergraduate/Higher courses) from a recognized school in Jharkhand.
  3. Have secured admission in institutions like:
    • IITs, IIMs, AIIMS, IIESTs, ISIs, NLUs, NITs, XLRI, IISc, BITS, SPA, NID, IIFT, ICFAI Business School, etc.
    • Institutions ranked up to 200 in overall NIRF rankings or up to 100 in their category.
    • Institutions accredited with grade “A” or above by NAAC.
  4. Not be aged more than 40 years at the time of application.
  5. Not be a prior beneficiary of this scheme.
  6. Not have availed an education loan for the same course from any cooperative or public/private bank.

Loan Features & Coverage

  • Loan Amount: Up to ₹15,00,000
  • Interest Rate: 4% simple interest
  • Repayment Period: Maximum 15 years
  • Collateral Requirement: No collateral required
  • Coverage Includes:
    • Tuition fees payable to institutions
    • Examination and admission fees
    • Hostel fees, books, and equipment costs
    • Other approved institutional expenses
  • Non-institutional expenses: A portion of the loan may be availed for study-related living expenses.

Application Process

The application for GSCC is completely online through the official GSCCS Portal.

Registration Process:

  1. Visit the official portal: Guruji Student Credit Card Scheme – Jharkhand.
  2. Click on “Registration”.
  3. Enter Name, Email ID, Captcha, and verify via OTP.
  4. Receive a Registration Number via SMS.

Login & Application Form:

  1. Enter User ID, Password, and Captcha to log in.
  2. Fill in basic details, permanent address, and course details.
  3. Upload a profile photograph & signature.
  4. Submit the application and note down the Application ID.

Loan Process via Member Lending Institution (MLI):

  1. Student selects a Member Lending Institution (MLI) for loan processing.
  2. MLI reviews the application and approves/rejects the loan.
  3. Loan sanction details are uploaded on the portal.
  4. Disbursement of course fees directly to the institution’s account.
  5. Interest subvention support is provided by the Corpus Bank.
  6. Repayment schedule is uploaded by the MLI for tracking.

Documents Required

  • Aadhaar Card
  • Passport-size Photograph (Color)
  • Admission Letter/Document from Institution
  • Ration Card
  • Resident Certificate
  • Income Certificate
  • Caste Certificate (if applicable)
  • Bank Passbook Copy
  • Birth Certificate
Guruji Student Credit Card (GSCC) Scheme
Guruji Student Credit Card (GSCC) Scheme

Frequently Asked Questions (FAQs)

Q1. What is the Guruji Student Credit Card Scheme?
Ans: It is a Jharkhand Government scheme that provides up to ₹15 lakh education loan at 4% interest for higher education.

Q2. Who is eligible for this scheme?
Ans: Students who are Indian nationals, residents of Jharkhand, and admitted to recognized higher education institutions within NIRF/NAAC criteria.

Q3. Is there an age limit?
Ans: Yes, the maximum age to apply is 40 years.

Q4. What is the maximum loan amount available?
Ans: The maximum loan available is ₹15 lakh.

Q5. Are collateral or guarantors required?
Ans: No, this scheme does not require collateral or third-party guarantees.

Q6. What expenses are covered?
Ans: Tuition fees, hostel fees, examination charges, books, equipment, and a portion for living expenses.

Q7. Is there a moratorium period?
Ans: Yes, repayment generally begins after course completion, with tenure up to 15 years.

Q8. Is there any processing fee?
Ans: No, the scheme has zero processing charges.

Q9. How is the loan disbursed?
Ans: The loan amount is directly transferred to the institution’s account.

Q10. How can I track my loan status?
Ans: Students can log in to the GSCCS portal to track loan approval, disbursement, and repayment updates.

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