Arivu Education Loan Scheme:- Arivu Education Loan Scheme 2023 is now taking applications through Karnataka Minority Development Corporation (KMDC).
This scheme provides loans at a low interest rate of 2% per annum to enable students from religious minorities in the country to pursue vocational studies
Read below to see details about Arivu Education Loan Scheme about such as points, features and benefits, eligibility, appropriate course documentation requirements, loan limits and interest rates.
Arivu Education Loan Scheme 2023 (ಅರಿವು ಶಿಕ್ಷಣ ಸಾಲ ಯೋಜನೆ)
The Arivu Education Loan Scheme was launched by Karnataka Minority Development Corporation Limited. The scheme was established to help students from religious minorities in the state of Karnataka obtain vocational degrees through higher education.
The program is mainly aimed at communities in Karnataka including Muslims, Jains, Sikhs, Christians, Buddhists and Parsis.
The loan option is open to students who have been admitted by the Karnataka Examination Authority (through CET/NEET) for programs like M.B.B.S., B.D.S., B.Arch., B.E., Ayush, B.Tech.
Through the Direct Benefit Transfer (DBT) scheme, the loan disbursed by the student will be immediately transferred from KMDC to the bank account of the college.
Karnataka Arivu Education Loan Scheme Details in Highlights
| Scholarship Name | Arivu Education Loan Scheme |
| Introduced By | Karnataka Minorities Development Corporation Limited (KMDC) |
| State | Karnataka |
| Scholarship Amount | 50,000/- rupees to 3,00,000/- rupees |
| Objective | To offer Educational Laon to students |
| Mode of Application | Online & Offline |
| Official Website | https://kmdc.karnataka.gov.in/en |
Features & Benefits of Arivu Education Loan Scheme
- Every year they attend university in Karnataka, students there are eligible for education loans worth up to Rs 3 lakh
- The Arivu Education Loan has an annual interest rate of 2%.
- Additionally, upon completion of the degree, students begin repaying the loan within one year.
- Students who wish to renew their loan must contact their district office and pay 12% of the loan amount issued by the company for the previous year.
Eligibility Criteria for Arivu Education Loan Scheme
- The candidate permanently resides in Karnataka.
- A candidate must belong to one of the minorities like Muslims, Christians, Jews, Buddhists, Sikhs and Parsis.
- The family income of the applicant should be less than Rs. 2.5 lakh from all sources. Students from minority communities who have applied for CET and NEET and prefer to apply for KMDC’s ARIVU Educational Loan.
- First degree aspirants in engineering, medicine, dentistry, nursing, B.Ed, D.Ed, B-Pharma and D.Pharma should go here for all the courses eligible for Airvu loans.
Required Documents for Arivu Education Loan Scheme
- Applicant’s 4 passport-size photographs
- SSLC Marks Card and 2 PUC marks card
- Address proof like Ration card, Aadhar card, Telephone Bill, Water Bill, Keb Bill, etc
- Income Certificate
- Caste Certificate
- CET/NEET Admission Ticket
- Study Certificate (Present Course Non-CET)
- Indemnity Bond
- Previous year passed marks card (Non-CET)
- Partial recovery receipt (Renewal)
- College Fee Structure (Non-CET)
- Fee Structure
- College bank details
Eligible Courses for Loan
| M.B.B.S. | M.B.A. | B.Tech. |
| M.D. | M.C.A. | B.E. |
| M.E. | M.Arch. | B.D.S. |
| M.S. | M.Ayush. | B.Arch. |
| M.Tech. | M.Pharma. | L.L.B. |
| M.D.S. | B.Ayush. | Pharma.D. |
| B.Pharma. | D.Pharma. | B.Sc. (Horticulture, Agriculture, Dairy Technology, Forestry, Veterinary, Fisheries, Sericulture, Animal science, Food Technology, Bio Technology, Home/Community Sciences, Food Nutrition and Dietetics) |
Loan Limits and Interest Rate for Arivu Education Loan Scheme
| Courses | Loan Limits (per year) |
| M.B.B.S., M.D., M.S. | Up to INR 3 lakh |
| B.D.S., M.D.S. | Up to INR 1 lakh |
| M.B.A., M.C.A., and L.L.B. | |
| B.Arch., B.E., B.Tech., M.Tech., M.E., M.Arch. | Up to INR 50,000 |
| B.Pharma., M.Pharma., Pharma.D.,and D.Pharma. | Up to INR 50,000 |
| B.Sc. in Horticulture, Agriculture, Dairy Technology, Forestry, Food Technology, Bio Technology, Veterinary, Animal science, Fisheries, Home/Community Sciences, Sericulture, Food Nutrition and Dietetics | Up to INR 50,000 |
| B.Ayush. and M.Ayush. | Up to INR 50,000 |
Steps to Apply for Arivu Education Loan Scheme 2023
- First of all, visit the official website of Karnataka Minority Development Corporation Limited ie. https://kmdc.karnataka.gov.in/en
- The homepage of the web browser opens on the screen
- Under the Loan/subsidy for minorities tab click on the Apply Online option
- A new page will open on the screen
- Now, enter your mobile number and Aadhaar card and click on the submit button
- An OTP will be sent to your registered mobile number
- Enter the received OTP to confirm
- Once you are successful, click on the Arivu Education Loan option
- The application will open on the screen
- Now, fill in all the required details like
- Name
- Father’s Name
- Academic Details like NEET or CET Score and SSLC Score
- Income Details
- Caste or religion details,
- Address details, etc
- Next, upload all the required documents
- Then, check all the details and check again to make sure nothing goes wrong
- Finally click on submit to complete the application process
Contact Us
Phone Number: 8277799990
Email ID: mwdhelpline@karnataka.gov.in
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Arivu Education Loan Scheme FaQs?
What are the conditions for Arivu loan?
Students belonging to the religious minority community of Karnataka state with a family income of less than 8 lacs per annum are eligible for an Arivu Education loan
How to repay Arivu education loan?
paid with principal and interest in 36 monthly installments over a period of 3 years.
How many days does it take for education loan to be sanctioned?
around 15 days
अरिवु एजुकेशन लोन कैसे चुकाएं?
मूलधन और ब्याज के साथ 3 वर्षों की अवधि में 36 मासिक किस्तों में किया जाना है।
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