Studying abroad offers access to top universities, diverse cultures, and global careers, but it often comes with a high financial cost. The BCK 15 loan for higher study in foreign countries, offered by the Gujarat government, provides a vital solution for those aiming to achieve their academic dreams abroad.
This blog explores the details of the BCK 15 loan for higher study in foreign countries scheme, its eligibility criteria, benefits, application process, and more, helping you make informed decisions about financing your international education.
Table of contents
- What is the BCK 15 Loan for Higher Study in Foreign Countries?
- Benefits of the BCK 15 Loan Scheme
- Eligibility Criteria for the BCK 15 Loan
- How to Apply for the BCK 15 Loan
- Required Documents for BCK 15 Loan
- Repayment Terms and Conditions BCK 15 loan Scheme
- Comparison of the BCK 15 Loan with Other Education Loans
- Tips for a Successful BCK 15 Loan Application
- FAQ
What is the BCK 15 Loan for Higher Study in Foreign Countries?
The BCK 15 loan for higher study in foreign countries, officially known as the Dr. Baba Saheb Ambedkar Loan Scheme, is a Gujarat government initiative designed to support Scheduled Caste (SC) students in pursuing higher education abroad in top universities & colleges.
Administered by the Director of Scheduled Caste Welfare, Department of Social Justice & Empowerment, the BCK 15 loan scheme provides financial support to bright students who face economic challenges in funding their international studies.
- Objective: To enable SC students to access global educational opportunities.
- Loan Amount: Up to INR 15 lakhs at a subsidised interest rate of 4% per annum.
- Coverage: The expenses covered in education loan include tuition fees, books, hostel fees, living expenses, travel costs, and pocket money.
- Inception: Launched in 1999 to promote educational equity for SC communities.
This scheme ensures that financial constraints do not hinder talented individuals from accessing quality education at prestigious foreign institutions.
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Benefits of the BCK 15 Loan Scheme
The BCK 15 loan for higher study in foreign countries offers several advantages that make it an attractive option for financing overseas education. These benefits are tailored to reduce financial stress and support academic success.
| Benefit | Description |
| Subsidised Interest Rate | Fixed at 4% per annum, significantly lower than commercial education loans. |
| Comprehensive Coverage | Covers tuition, accommodation, travel, books, and living expenses. |
| Flexible Repayment | Repayment starts six months after course completion, with a 10-year repayment period. |
| No Income Limit | Accessible to SC students regardless of family income. |
| Support for Diverse Courses | Includes diploma, graduate, postgraduate, Ph.D., and technical courses. |
These features make the scheme a practical choice for those seeking affordable financing for their studies abroad.
Eligibility Criteria for the BCK 15 Loan
Understanding the eligibility requirements is crucial before applying for the BCK 15 loan for higher studies in foreign countries. The scheme targets specific groups and academic qualifications to ensure that deserving candidates benefit from this financial aid.
- Residency: Applicants must be residents of Gujarat.
- Community: Must be from a Scheduled Caste/Tribe.
- Academic Requirements:
- For diploma, technical, or professional courses: Minimum 50% marks in Class 12.
- For postgraduate, Ph.D., or higher-level research courses: Minimum 50% marks in graduation.
- For ITI courses: Completion of a recognised two-year ITI course with NCVT or GCVT certification.
- Visa: Must have a valid student visa for the country of study.
- Family Limit: Up to two members from the same family can avail of the loan.
- Application Timing: Must apply within six months of moving abroad.
Meeting these criteria ensures that applicants are well-positioned to secure this loan for their international education.
How to Apply for the BCK 15 Loan
Applying for the BCK 15 loan to study abroad for higher studies involves a straightforward process through the Portal of “e-Samaj Kalyan”. Following the correct steps ensures a smooth application experience and increases the chances of approval.
- Visit the “e-Samaj Kalyan” Portal: Access the portal at https://esamajkalyan.gujarat.gov.in/.
- Register as a New User: Click on “Citizen Login” and select “Please Register Here.”
- Provide Personal Details: As per Aadhaar, enter your full name, date of birth, gender, email ID, Aadhaar number, and caste details, then click “Register.”
- Log In: Sign in to the portal by entering your User ID and Password.
- Update Your Profile: Go to “User Profile,” fill in mandatory details, and click “Update.”
- Select the Scheme: Access the homepage, select the BCK 15 loan scheme, and proceed with the application form.
- Submit Documents: Upload required documents, including proof of admission, visa, academic records, and identity proof.
- Track Application: Monitor the status of your application through the portal.
Required Documents for BCK 15 Loan
Having the necessary documents ready streamlines the application process for the BCK 15 loan for higher study in foreign countries. Here are the details of this education loan scheme:
- Identity Proof: Aadhaar card, passport, or voter ID.
- Academic Records: Mark sheets for Class 10, Class 12, and graduation (if applicable).
- Proof of Admission: Offer letter or admission confirmation from the foreign university.
- Visa: Copy of a valid student visa.
- Surety Documents: Valid surety or guarantor details, as required.
- Financial Documents: Bank statements or income proof (if applicable).
- Passport-Size Photos: Recent applicant’s photographs.
Submitting accurate and complete documents required for an education loan is essential to avoid delays in loan approval.
Repayment Terms and Conditions BCK 15 loan Scheme
Understanding the repayment terms of the BCK 15 loan for higher studies in foreign countries helps applicants plan their finances effectively. The scheme offers flexible repayment options to ease the burden on borrowers.
- Repayment Start: Begins six months after course completion.
- Repayment Period: Must be completed within 10 years.
- Interest Calculation: Interest at 4% is charged post-repayment of the principal amount.
- Surety Requirement: A valid surety or guarantor is mandatory.
- Notification Obligation: Borrowers must inform authorities of changes in residence, contact details, or employment status until the loan is fully repaid.
These terms ensure that repayment is manageable while maintaining accountability for borrowers.
Comparison of the BCK 15 Loan with Other Education Loans
The BCK 15 loan for higher studies in foreign countries stands out due to its low interest rate and inclusive eligibility. However, comparing it with other loan options helps in making an informed choice.
| Feature | BCK 15 Loan | SBI Global Ed-Vantage | HDFC Credila |
| Loan Amount | Up to INR 15 lakhs | INR 20 lakhs–INR 1.5 crores | Up to INR 20 lakhs |
| Interest Rate | 4% (fixed) | 10.15%–11.15% | 9.55%–13.25% |
| Collateral | Not required | Required for higher amounts | Often required |
| Eligibility | SC students from Gujarat | Indian citizens, 18+ | Indian citizens |
| Repayment Period | Up to 10 years | Up to 15 years | Varies |
| Moratorium | 6 months post-course | 6 months post-course | Varies |
The BCK 15 loan offers a lower interest rate and no collateral requirement, making it a compelling option for eligible candidates compared to commercial loans.
Tips for a Successful BCK 15 Loan Application
Maximising your chances of securing the BCK 15 loan for higher study in foreign countries requires careful preparation. These practical tips can guide you through the education loan process.
- Verify Eligibility: Ensure you meet all criteria, including academic qualifications and residency.
- Prepare Documents Early: Gather all required documents before starting the application.
- Apply Promptly: Submit your application within six months of moving abroad.
- Choose Recognised Institutions: Ensure the foreign university is accredited to avoid application rejections.
- Seek Assistance: Contact the KCG helpline or email for guidance.
Following these steps enhances the likelihood of a smooth and successful application process.
Also Read:
- Maximum Education Loan for Abroad Studies in India (2025 Guide)
- Things to Know Before Applying for a foreign Education loan
The BCK 15 loan for higher study in foreign countries is a game-changer for Scheduled Caste students from Gujarat aspiring to study abroad. With its low 4% interest rate, comprehensive coverage, and flexible repayment terms, this scheme removes financial barriers and empowers individuals to pursue their academic goals at global institutions.
FAQ
The BCK 15 loan covers tuition fees, accommodation, books, travel expenses, living costs, and pocket money, ensuring comprehensive financial support for studying abroad.
A surety for the BCK 15 loan can be a family member, relative, or any individual with a stable income or property who agrees to guarantee loan repayment.
No, the BCK 15 loan is primarily for diploma, graduate, postgraduate, Ph.D., or technical courses at recognised foreign institutions, not short-term or certificate programs.
Applications submitted after six months may be rejected. It’s critical to apply promptly through the e-Samaj Kalyan Portal.
No, the BCK 15 loan scheme allows early repayment without penalties, enabling borrowers to settle the loan ahead of schedule if financially feasible.
The BCK 15 loan applies to recognised institutions in any country, provided the applicant has a valid student visa and proof of admission.
The BCK 15 loan application processing typically takes 30–45 days, depending on the completeness of documents and verification by the Department of Social Justice & Empowerment.
Yes, as long as you apply for the BCK 15 loan within six months of moving abroad and meet all eligibility criteria, including SC status and Gujarat residency.
The maximum BCK 15 loan amount is INR 15 lakhs, which covers a wide range of expenses for international education.
Yes, schemes like the National Overseas Scholarship and state-specific loans exist, but the BCK 15 loan is unique for its low 4% interest rate and focus on SC students from Gujarat.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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