New Akanksha Scheme (Educational Loan) (GTKVN)

Introduction to the New Akanksha Scheme (Educational Loan) (GTKVN)

The New Akanksha Scheme (Educational Loan) is a pivotal initiative launched by the Gujarat Thakor and Koli Vikas Nigam (GTKVN). This scheme is tailored to empower students from the Thakor and Koli communities, enabling them to pursue higher education in various professional fields. By offering education loans at subsidized interest rates, the scheme aims to alleviate financial barriers and foster educational advancement.

About the New Akanksha Scheme

Implemented by the Gujarat Thakor and Koli Vikas Nigam (GTKVN), this scheme falls under the purview of the Social Justice and Empowerment Department of the Government of Gujarat. Its primary objective is to provide financial assistance to students from the Thakor and Koli communities for pursuing graduate and postgraduate studies in disciplines such as engineering, medical sciences, MBA, and MCA.

Benefits of the Scheme

The New Akanksha Scheme offers a range of financial benefits aimed at supporting students in their educational endeavors:

• Loan Amount: Up to ₹15,00,000/-
• Interest Rates:
  • 4% per annum for male applicants
  • 3.5% per annum for female applicants
• Coverage Includes:
  • Admission and tuition fees
  • Books, writing materials, and necessary equipment
  • Examination fees
  • Accommodation and food expenses
  • Travel and insurance premiums
• Financial Contribution:
  • 90% from the Central Corporation
  • 5% from the State Government
  • 5% from the beneficiary
• Repayment Terms:
  • Repayment Period: 60 equal monthly installments (5 years)
  • Commencement of Repayment: Within 6 months of course completion or upon employment, whichever is sooner.

Eligibility Criteria

To qualify for the New Akanksha Scheme, applicants must meet the following requirements:

• The applicant must be a resident of Gujarat.
• Belong to the Thakor or Koli community.
• The family’s annual income should not exceed ₹3,00,000/-.
• Must secure admission in a recognized institution for one of the following courses:
  • MBA or equivalent (approved by AICTE)
  • MCA (Master of Computer Applications or equivalent)
  • Undergraduate Engineering programs (approved by AICTE/IITs)
  • MBBS or equivalent (approved by the Medical Council of India)

Note: A minimum of 50% of the total sanctioned loan amount is reserved for applicants from families with an annual income of up to ₹1,50,000.

Application Process

Applying for the New Akanksha Scheme is a straightforward process. Follow these steps to submit your application:

• Step 1: Visit the official website of the Gujarat Thakor and Koli Vikas Nigam.
• Step 2: Click on “Apply Now” located in the top menu bar.
• Step 3: Select the loan scheme name.
• Step 4: Choose the loan category and specify the loan amount.
• Step 5: Complete the Application Form by providing:
  • Personal Information: Name, gender, date of birth, caste, etc.
  • Address Information: Permanent and correspondence addresses
  • Income Details: Family’s monthly income and source
  • Loan Requirement: Desired amount and purpose of the loan
  • Bank Account Details: For loan disbursement
• Step 6: Upload scanned copies of required documents, including:
  • Caste certificate
  • Income certificate
  • Aadhaar card
  • Passport-size photo
  • Bank passbook (first page)
  • Proof of residence
• Step 7: Review all entered information. Click on “Preview” to verify. If everything is accurate, click “Submit”.
• Step 8: Upon successful submission, the applicant will receive an Application ID/Reference Number. It is advisable to save or print the acknowledgment for future reference.

Official Source

For more information, you can visit the official website at myScheme.gov.in.