Education is the foundation of a brighter future, but financial constraints often stop students from pursuing higher education. To solve this problem, the Government of Jharkhand launched the Guruji Credit Card Scheme (GCC). Under this scheme, students can get education loans up to ₹15 lakh at a subsidized interest rate to study professional, technical, and higher academic courses in India or abroad. The scheme ensures that students from Jharkhand don’t miss opportunities due to lack of money. This article provides complete details on GCC Jharkhand 2025 – eligibility, benefits, loan details, documents required, online application process, repayment, and the latest updates.
Table of Contents
- What is the Guruji Credit Card Scheme (GCC)?
- Key Features of GCC Scheme
- Eligibility Criteria for GCC
- Documents Required for Application
- How to Apply for GCC Scheme Online
- Loan Repayment & Moratorium Rules
- Benefits of Guruji Credit Card Scheme
- Latest Updates on GCC 2025
- FAQs on GCC Jharkhand
- Approved Colleges & Courses under GCC
- GCC Helpline & Contact Details
What is the Guruji Credit Card Scheme (GCC)?
The Guruji Credit Card Scheme (GCC) is a state government-backed student loan scheme launched by the Jharkhand Education Department. It aims to increase Gross Enrollment Ratio (GER) by supporting students financially.
Key Highlights:
- Launched by: Government of Jharkhand
- Loan Amount: Up to ₹15 lakh
- Purpose: To fund higher education in India & abroad
- Beneficiaries: Students from Jharkhand who passed 12th and secured admission in recognized institutions
- Collateral: Not required (government guarantee provided)
Key Features of GCC Scheme
| Feature |
Details |
| Loan Amount | Up to ₹15 lakh |
| Interest Rate | Subsidized, government to bear part of interest |
| Repayment Period | Up to 15 years |
| Moratorium | 1 year after course completion or 6 months after job |
| Courses Covered | Engineering, Medical, MBA, Law, Polytechnic, ITI, BA, B.Sc., Vocational |
| Expenses Covered | Tuition fees, hostel, books, laptops, equipment |
| Collateral | Not required (state government guarantee) |
Eligibility Criteria for GCC
- Residency: Must be a permanent resident of Jharkhand.
- Age Limit: Up to 25 years for undergraduate; up to 30 years for postgraduate courses.
- Qualification: Must have passed Class 12 from a recognized board.
- Institution: Must have admission in a UGC/AICTE/Medical Council approved college or recognized international university.
- Loan Status: Should not be a defaulter of any previous loans.
Note: Special priority is given to students from SC, ST, OBC, Minority & Economically Weaker Sections (EWS).
Documents Required for GCC Jharkhand
- Aadhaar Card (student & parents)
- PAN Card
- Class 10th & 12th Mark Sheets
- Admission Letter / Proof of Enrollment
- Fee Structure from the institution
- Residential Certificate of Jharkhand
- Income Certificate of parents
- Passport-size photographs
- Bank Account details
How to Apply for GCC Scheme Online
- Online Registration: Visit the official GCC Jharkhand portal (to be launched by Govt). Click “New Applicant Registration.” Enter Aadhaar, mobile number, and email. Verify with OTP.
- Fill Application Form: Login with credentials. Enter personal, educational, and course details. Upload scanned documents.
- Verification at District Office: After submission, students get a reference number. Visit the District Education Office/DRCC equivalent in Jharkhand for verification.
- Loan Sanction & Disbursement: Application sent to partner banks. Loan sanctioned & disbursed directly to the institution.
Loan Repayment & Moratorium Rules
- Repayment starts 1 year after course completion OR 6 months after getting a job.
- Repayment tenure: Up to 15 years.
- Interest subsidy: The Jharkhand government pays partial interest, making repayment easier.
- Lenient recovery: Flexible repayment plans for weaker sections.
Example: For a ₹5 lakh loan for an MBA, repayment begins after 1 year. With subsidy, the EMI burden is significantly reduced.
Benefits of Guruji Credit Card Scheme
- Education loans up to ₹15 lakh.
- Low interest due to government subsidy.
- No collateral required.
- Covers tuition fees, hostel, books, laptops, and exam fees.
- Special focus on SC/ST/OBC & EWS students.
- Flexible repayment with moratorium period.
Latest Updates on GCC Scheme 2025
- The loan limit has been set at ₹15 lakh for higher education.
- The scheme is expected to be integrated with Jharkhand’s Digital Education Portal for online applications.
- Priority will be given to technical and professional courses.
- Talks are ongoing to extend GCC benefits to foreign studies.
FAQs on Guruji Credit Card Scheme (GCC)
- Q1. What is the loan limit under GCC Jharkhand?
- Students can get up to ₹15 lakh under this scheme.
- Q2. Do students need collateral for GCC loans?
- No, the government provides a guarantee.
- Q3. What expenses are covered under GCC?
- Tuition fees, hostel, books, laptops, and exam-related expenses.
- Q4. Who is eligible for GCC?
- Students from Jharkhand who passed Class 12 and got admission in recognized institutions.
- Q5. What is the repayment period?
- Up to 15 years, with repayment starting 1 year after course completion.
- Q6. Can GCC be used for studying abroad?
- Currently, it covers Indian institutions, but proposals for abroad studies are under discussion.
Approved Colleges & Courses under GCC
- Technical Courses: B.Tech, ITI, Polytechnic
- Professional Courses: MBBS, MBA, Law
- General Courses: BA, B.Sc., B.Com., MA, M.Sc.
- Vocational Courses: Diploma, Skill Development Programs
👉 Students should check with the Jharkhand Education Department for the official approved college list.
