Karnataka Minority Development Corporation (KMDC) Loan Scheme For Overseas Education 2024 Application Now Open

Online applications are invited for the Loan Scheme For Overseas Education by the Karnataka Minorities Development Corporation Limited (KDMC) for the year 2023

Loan Scheme For Overseas Education implemented with the objective of providing loans to minority students who want to pursue graduation or post-graduation foreign universities, Under the Loan Scheme For Overseas Education by KMDC the Loans will be provided only on mortgage of property (building / land) to the Karnataka Minorities Development Corporation Limited (KDMC). The value of the property should not be less than the loan amount

ELIGIBLITY

To apply for the Loan Scheme For Overseas Education the student should be a resident of Karnataka State belonging to a minority community (Muslim, Christian, Jain, Buddhist, Sikh and Parsi), should have secured at least 60% marks in the previous year, and have received an offer letter from a foreign university

DOCUMENTS REQUIRED

The documents required to apply are Copy of Aadhaar as residential proof, Caste/Minority Certificate Issued by the competent authority, Income Certificate Issued by the competent authority, 10th, 12th Marks card, SSLC Transfer Certificate, Present Study Certificate, College Fee Structure, Copy of Passport, Copy of Visa, Sale deeds & mother deed, Khata Extract and Khata Certificate or mutation, Nil encumbrance certificate in form No.15, Up to date Tax paid receipt, Guidance rate from appropriate authority, Spot inspection report of the property by the District Manager, Valuation report by registered valuer, Affidavit from Applicant, Joint Affidavit from the Beneficiary & the Guarantor, Promissory Note along with D.P Note Delivery letter 

APPLY

Application for the Loan Scheme For Overseas Education to be submitted online through Karnataka Minorities Development Corporation Limited (KDMC) Portal