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ARIVU EDUCATION LOAN SCHEME

"ARIVU" EDUCATION LOAN SCHEME

 

“Arivu” Education Loan Scheme implemented by the Karnataka Minority Development Corporation (KMDC) for 2020-21, will not be eligible for any courses other than those of the Medical / Professional Courses selected by the Karnataka Examination Authority in the new (Fresh) cases.  While considering “Renewal” G.O. the following guidelines are to be followed.  During the renewal Government Order No. MWD 310 MDS 2020 Bangalore Dated: 17-08-2020 has to be followed.

 

  • student must get at least 65% in all the subjects and pass in previous year/semester exams.

 

  • Students must pay 12 per cent of the total loan outstanding from the corporation when submitting a renewal application online at district offices.

 

  • For Students of Government/Private Colleges, those who have been selected from CET / NEET Medical / Govt. Quota – Maximum 50% - Loan Upto Rs. 2.00 Lakhs.

 

  • For Students of Dental / MBBS / Government Quota for those who have been selected from CET / NEET Tuition Fee – Maximum 50% of tuition fee – Loan Upto Rs. 30,000/- (Including Renewal)

 

  • For students selected through CET for Engineering M. Tech, MCA, BSc (AG) Ayurveda, ISMH, D. Pharm, B. Pharm and others 50% of tuition fee for Government / Private Colleges - Maximum Loans Rs. 30,000/ -

 

  • No Tuition Fees for students of Degree, Diploma and ITI Courses (Fresh Cases). Maximum Rs. 10,000/- loan for Renewal cases.

 

 For Applying online in KMDC website https://kmdc.kar.nic.in/arivu2/ Please Click Here

 

 

 

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Last Updated: 16-08-2021 12:03 PM Updated By: Karnataka Minorities Development Corporation



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