How to Apply for Guruji Credit card Scheme?

Learn how to apply for the Guruji Student Credit Card Scheme in Jharkhand. Step-by-step guide, eligibility criteria, required documents, and benefits explained.​

Introduction: Empowering Students with Financial Support

The Guruji Credit Card Scheme, launched by the Government of Jharkhand, aims to provide financial assistance to students pursuing higher education. This initiative offers loans up to ₹15 lakh at a nominal interest rate of 4%, with a repayment tenure of 15 years. Notably, loans up to ₹4 lakh are provided without any interest. The scheme is designed to alleviate the financial burden on students and promote higher education in the state.​

Step-by-Step Guide to Applying for the Guruji Credit Card

1. Visit the Official Application Portal

Navigate to the official Guruji Student Credit Card Scheme portal:
2. Register on the Portal

• Click on the 'Registration' option.
  
  

• Fill in the required personal details such as name, date of birth, contact information, and Aadhaar number.
  
  

• Submit the information to receive an OTP (One-Time Password) for verification.
  
  

• Enter the OTP to complete the registration process.​
  
  

3. Log In to Your Account

• Use the credentials (username and password) created during registration to log in to the portal.​
  
  

4. Fill Out the Application Form

• Access the application form and provide detailed information, including:
  
  

• Educational qualifications
  
  

• Course details (name, duration, institution)
  
  

• Family income details
  
  

• Bank account information
  
  

• Ensure all information is accurate and complete.​

5. Upload Required Documents

Prepare and upload the following documents in the specified formats:Aadhaar card

• PAN card
  
  

• Class 12th mark sheet
  
  

• Admission letter from the recognized institution
  
  

• Bank account details (passbook or cancelled cheque)
  
  

• Caste certificate (if applicable)
  
  

• Income certificate
  
  

• Passport-sized photographs​

6. Submit the Application

• After reviewing all the entered information and uploaded documents, click on the 'Submit' button.
  
  

• You will receive an acknowledgment with a unique application number via SMS and email.​
  
  

7. Track Application Status

• Log in to your account using the application number and password to track the status of your application.
  
  

• You will be notified about the approval or rejection of your loan application.​
  
  

Eligibility Criteria

To qualify for the Guruji Student Credit Card Scheme, applicants must meet the following criteria:

• Residency: Must be a permanent resident of Jharkhand.
  
  

• Age Limit: Between 18 and 35 years as of September 1st of the admission year.
  
  

• Educational Qualification: Must have passed Class 12th or equivalent examination with at least 60% marks.
  
  

• Course Enrollment: Must have secured admission in a recognized institution for professional or technical courses.
  
  

• Family Income: Annual family income should be less than ₹6 lakh for the previous financial year.​

Required Documents

Ensure you have the following documents ready before starting the application process:

• Aadhaar card
  
  

• PAN card
  
  

• Class 12th mark sheet
  
  

• Admission letter from the recognized institution
  
  

• Bank account details (passbook or cancelled cheque)
  
  

• Caste certificate (if applicable)
  
  

• Income certificate
  
  

• Passport-sized photographs​

 Benefits of the Guruji Credit Card Scheme

• Financial Assistance: Provides loans up to ₹15 lakh at a nominal interest rate of 4%.
  
  

• Interest-Free Loans: Loans up to ₹4 lakh are provided without any interest.
  
  

• Repayment Tenure: Flexible repayment period of 15 years.
  
  

• No Processing Fee: Banks do not charge any processing fees for the loan.
  
  

• No Collateral Required: No need for any collateral or guarantee.
  
  

• Support for Higher Education: Encourages students to pursue higher education without financial constraints.​

Frequently Asked Questions (FAQs)

Q1: Can students from other states apply for this scheme?
A1: No, the scheme is exclusively for permanent residents of Jharkhand.​

Q2: Is there any processing fee for the loan?
A2: No, banks do not charge any processing fees under this scheme.​

Q3: What is the interest rate for loans above ₹4 lakh?
A3: Loans above ₹4 lakh are provided at an interest rate of 4% per annum.​

Q4: Can I apply for this scheme if I have already availed a bank loan for education?
A4: Yes, students who have previously availed an education loan can also benefit from this scheme by settling the prior loan and obtaining a No Objection Certificate (NOC) from the relevant bank. ​

Conclusion: Take the First Step Towards Your Educational Goals

The Guruji Student Credit Card Scheme is a significant initiative by the Government of Jharkhand to make higher education accessible to all students, irrespective of their financial background. By following the steps outlined above, you can apply for the scheme and take a step closer to achieving your educational aspirations.