Introduction
But for students from minority communities, financial hurdles often stand in the way of accessing top-tier institutions and completing their B.E. or B.Tech degrees. Recognizing this, the Karnataka Minorities Development Corporation (KMDC) launched the Arivu Education Loan for Engineering Students in Karnataka Scheme, a financial aid initiative aimed at supporting minority students pursuing professional courses like engineering, medicine, and more.
Who is it for?
- Muslims
- Christians
- Jains
- Sikhs
- Buddhists
- Parsis
The scheme applies only to students who have gained admission through the Karnataka Examination Authority (KEA) to recognized colleges in Karnataka.
Loan Amount and Coverage
- Up to ₹3,00,000 throughout the engineering course
- Typically disbursed as ₹50,000 to ₹75,000 per year
- No collateral required
- Offered at very low interest (as low as 2%) or sometimes interest-free
Eligibility Criteria
- Be a resident of Karnataka
- Have secured admission to a professional course through KEA counselling
- Possess valid documents: income certificate, caste certificate, Aadhaar, and admission proof.
Documents Required
- Aadhaar card of the Education Loan for Engineering Students in Karnataka student and the parent
- KEA seat allotment letter
- Admission letter from the college
- Minority certificate
- Income certificate
- Bank passbook (preferably in a nationalized bank)
- Recent copyright-size photographs
Repayment Terms
- Repayment starts after completion of the course
- Repayment can be done in easy installments over 36 to 60 months.
- KMDC issues reminders and offers support during repayment
Conclusion
The Arivu Education Loan for Engineering Students in Karnataka who need financial assistance to complete their professional education. With easy eligibility, minimal interest, & no collateral requirements, the scheme ensures that financial limitations do not become a barrier to higher education & future opportunities.
If you belong to a minority community and have secured an engineering seat through KEA, the Arivu Loan is one of the best financial support options available. By taking advantage of this scheme, you can confidently pursue your engineering degree & work toward a brighter, empowered future.