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Let us straightaway move towards discovering what all education loans India offers to students willing to study abroad. Given below is the list of the best government student loans for studying abroad: 

• Gujarat Government Education Loan for Studying Abroad 

• Vidya Lakshmi Education Loan 

• Education Loan Scheme of the NBCFDC 

• Padho Pardesh Scheme 

• Dr Ambedkar Central Sector Scheme 

Let us now talk briefly about the above mentioned government education loan for study abroad, briefly: 

1. Gujarat Government Education Loan for Studying Abroad 

Quite a prominent education loan for abroad studies by the Indian government, the Gujarat Government Education Loan offers 100% subsidy to economically weaker students from Gujarat who wish to pursue higher studies in an abroad setting. Through this government student loan for study abroad, students can get up to Rs. 15 lakh as a loan to start their higher education abroad.  

 2. Vidya Lakshmi Education Loan 

A popular government loan for studying abroad, the Vidya Lakshmi Education Loan is offered for UG, PG and doctoral programs. The government education loan for abroad offers a loan amount of up to Rs. 30 lakh. 

3. Education Loan Scheme of NBCFDC 

This particular government education loan for study abroad offers financial aid to applicants from backward classes, categorised as below the poverty line. The education loan scheme of the National Backward Classes Finance and Development Corporation (NBCFDC) is valid for all types of higher education programs. 

4. Padho Pardesh Scheme 

The Padho Pardesh education loan for abroad studies by the Indian government is offered to students willing to pursue postgraduate studies abroad. The scheme provides students in the minority category with a subsidy of 100%. 

5. Dr Ambedkar Central Sector Scheme 

Under this abroad education loan by the Indian government, students belonging to the minority sections can get a subsidy of up to 100%. The Dr. Ambedkar Central Scheme is only applicable for PG and doctoral programs and can only be availed of once for a single program (either a PG program or a PhD program). 

Suggested:  All about financing your education abroad 

Documentation is of the utmost importance when applying for a government student loan to study abroad. In order to apply for a foreign education loan from the government, it is necessary to submit some required documents that have been listed below: 

• Application form for the loan 
• Income proof for the family (income tax returns, property proof, etc)
• Standardised test scores 
• Academic transcripts
• Aadhar card 
• Birth certificate
• Bank statements
• PAN Card 
• Residential proof 
• Acceptance letter from university abroad
• Self declaration

• Step 1: Let us now discuss the application process to apply for a government student loan for study abroad purposes: 
• Step 2: Choose a government loan for studying abroad which is most suitable for you
  
• Step 3: Check all the information, including moratorium period, repayment tenure, education loan for abroad studies by Indian goverment interest rate, etc
  
• Step 4: Visit the official website for the education loan you’ve chosen
  
• Step 5: Fill out the application form
  
• Step 6: Scan and upload the required documents
  
• Step 7: Wait for the decision

In this blog, we've delved into the various aspects of securing an education loan for studying abroad offered by the Indian government. The process involves meeting specific eligibility criteria and obtaining an offer or acceptance letter from the university of your choice. With a range of government-backed education loans providing financial assistance up to INR 30 lakh, it's an essential resource for aspiring international students. Moreover, certain categories of students can benefit from subsidised interest rates, making the entire study abroad experience more accessible and hassle-free.

Considering the complexities involved in securing education loans, 小优视频 offers the Loan Assistance program to provide valuable insights and guidance. We understand the intricacies of the application process and can assist you in making informed decisions regarding your financial needs. Because at 小优视频, we go beyond information—we provide you with practical solutions to ensure a seamless academic journey.