Arivu Education Loan Scheme for Minorities

 

‘Arivu’ Education Loan Scheme – Directorate of Minorities, Government of Karnataka

The ‘Arivu’ Scheme provides education loans to minority students in Karnataka who have secured admission to professional courses through CET/NEET. The scheme helps students pursue higher education without financial burden.

Eligible Courses

Students selected through CET/NEET for professional courses such as:
MBBS, MD, MS, BDS, MDS, B.E/B.Tech, M.E/M.Tech, B.Arch, M.Arch, B.Ayush, M.Ayush, MBA, MCA, LLB

Loan Details

• Loan amount: ₹50,000 to ₹5,00,000 per annum

• Repayment: Begins 6 months after course completion

• 2% service charge on repayment

• Family income limit: Up to ₹8.00 lakhs per year

Eligibility

• Student must belong to a religious minority community (Muslim, Christian, Jain, Buddhist, Sikh, or Parsi)

• Must be a permanent resident of Karnataka

• Must have secured admission through CET/NEET under government quota

• Parents’ income proof required (Form 16 for government employees)

Loan Limits by Course

• MBBS / MD / MS: Up to ₹5.00 lakh

• BDS / MDS: Up to ₹1.00 lakh

• B.Ayush / M.Ayush: Up to ₹50,000

• Engineering / Architecture / Technology (B.E, B.Tech, M.E, M.Tech, B.Arch, M.Arch): Up to ₹50,000

• MBA / MCA / LLB: Up to ₹50,000 (tuition fee only)

Application Process

• Apply online through the Minority Development Corporation Portal

• Renewal applicants must pay 12% of the previous year’s loan at the time of renewal

• Loan amount will be transferred directly (DBT) to the student’s/college’s bank account
  

To know more click here

To apply click here