Arivu Education Loan Scheme

Loan Amount:

The loan amount is granted from ₹50,000/- to ₹5,00,000/- every year until the course duration.



Loan Renewal Process:

Renewal and pay 12% of the loan amount issued by the corporation during the previous year at their respective District Office.



Loan Repayment:

Repay the loan with service charges of 2% after 6 months of completion of the course.

The student should belong to the State Religious Minority Community.

The student should be a permanent resident of the State.

The annual income of the family should not exceed ₹8,00,000/-.

Online

Application Process for Fresh Loan:

Step-01: Applicant need to visits the Karnataka Minorities Development Corporation official website.

Step-02: Click "Apply Online" and Enter "Mobile Number" and "Submit".

Step-03: Enter "Aadhaar Number" Fill in the "Captcha" and Select "Next".

Step-04: Applicant will get OTP in his/her Aadhaar Linked Mobile Number.

Step-05: Enter "OTP" and select "Continue", After that Allow the official notice.

Step-06: After verifying the Aadhaar again fill in the "OTP" and Submit.

Step-07: Select the scheme "Sikhligar’s Community Development Scheme" and fill in the basic details father's name, gender, qualification detail

Step-08: Select "Next" Fill in the address detail and again select "Next".

Step-09: Upload the required document passport-size photo, educational document, income certificate, etc.

Step-10: Click "Proceed" and Select "Submit Application" and get an Application ID.



Application Process for Renewal loan:

Step-01: Go to the Karnataka Minorities Development Corporation official website.

Step-02: Choose the "Arivu Education Loan Scheme" and click "Apply Online."

Step-03: Select "ARIVU.Renewal" Enter mobile number and "Submit".

Step-04: Applicant's personal, address, and bank details will be pre-filled from the previous application. No need to fill them again.

Step-05: Upload the required document and Submit the application.

Document for Fresh Application

Recent Two Passport-size Photos of the Student.

Student's Caste Certificate.

Income Certificate.

Aadhaar Card.

CET Admission Letter.

NEET Admission Letter.

Student's SSLC/10th Marks Card Copy.

Student's Diploma/PUC Marks Card.

Indemnity Bond (Download the from the KMDC Website).

Student’s College Bank Details.

Student Bonafide/Study Certificate.

Student Self-declaration Form (Download the from the KMDC Website).

Parents Self-Declaration Form (Download the from the KMDC Website).

College Fee Structure



Document for Renewal Loan

Bonafide/Study Certificate.

College Fee Structure.

Previous Year Passed Marks Card.

College Bank Details.

Security Deposit Paid Receipt (12% of Loan Amount).

Copy of KEA Admission Order.