Guruji Student Credit Card Scheme: How to Apply & Benefits

The Guruji Student Credit Card Scheme (GSCCS) is a student‑friendly loan initiative launched by the Government of Jharkhand to support learners in pursuing higher education without financial strain. Although the scheme is called a “credit card”, it does not function as the traditional kind. The government provides credit to eligible students under this scheme in the form of education loans of up to ₹15 Lakhs at a subsidised interest rate. Students can leverage it for tuition, books, living, travel and other academic expenses. With simple eligibility, a subsidised interest rate, and easy online access, this scheme empowers students from financially challenged backgrounds to follow their educational goals with confidence.

The GSCCS is a government‑backed initiative in Jharkhand. It aims to provide collateral‑free education loans to students for higher studies in India and abroad. The scheme supports students enrolled in recognised institutions across various disciplines, including undergraduate, postgraduate, and professional courses. 

This scheme stands out because it allows eligible students to access loans up to ₹15 Lakhs at a subsidised simple interest rate of 4% per annum. This reduces the financial burden on families with limited income. Additionally, there are incentives such as interest rate reductions under certain conditions. 

GSCCS focuses on helping both male and female students from Jharkhand, enabling them to follow courses in quality institutions with less financial stress. 

Applying for the Guruji Student Credit Card online is easy and designed to be accessible for students across the state. Follow these key steps: 

• Visit the Official Portal

Go to the official GSCCS portal of the Jharkhand government at gscc.jharkhand.gov.in. 

• Registration

Click on “Registration” and fill in your basic details, such as name, email ID and mobile number. Verify your number using the OTP sent to your phone.

• Login to the Portal

After registration, log in with your credentials (User ID and password) to start filling the application form. 

• Fill Personal & Academic Details

Enter personal, residential, and academic information, including details of the course and institution where you have secured admission. 

• Upload Documents

Upload the required documents (detailed in a later section) in the formats specified. 

• Submit & Get Application ID

Submit the completed form. You will receive an application ID that allows you to track your application status. 

• Verification & Approval

The application is reviewed by the implementing agencies and banks before approval and loan sanction. 

Disclaimer: The steps outlined above for the Guruji Student Credit Card are intended as general guidance only. Applicants should refer to the official GSCCS portal and scheme guidelines for the most current process and requirements

The Guruji Student Credit Card offers several advantages to students who want financial support for education. These benefits include:

• Substantial Financial Support: Students can access up to ₹15 Lakhs to cover comprehensive costs for higher education, making it a very robust state-level support system.
• Highly Subsidised Interest: The scheme offers a simple interest rate of just 4% per annum. Notably, female and differently-abled students benefit from an even lower rate of 1% per annum.
• Collateral-free Access: The Government of Jharkhand acts as the guarantor, meaning students can secure the loan without pledging any family assets or property.
• Extended Repayment Window: To reduce post-graduation stress, the scheme provides a generous repayment tenure of up to 15 years, including the study period.
• Flexible Moratorium Period: Repayment only begins one year after course completion or upon securing employment (whichever is earlier), providing a vital breathing space for graduates.
• Comprehensive Coverage: Beyond tuition, the loan covers essential hidden costs, including hostel fees, books, laptops, library charges, and travel expenses.

Strategic Perks

• Interest Incentives: Students who choose to pay interest during their study period receive a 1% discount on their overall interest rate.
• Zero Hidden Costs: There are no processing fees for the application, sanction, or disbursement of the loan.

The Guruji Student Credit Card Yojana is an educational financial support scheme designed to make higher education more affordable and inclusive. This Yojana is particularly helpful if family income is limited or if you lack access to traditional bank loans. 

By offering loans up to ₹15 Lakhs at a subsidised interest rate, the scheme removes hurdles such as collateral requirements and high interest charges. It also gives students the flexibility to use the funds for a wide range of educational and living expenses, empowering them to focus on learning. 

This initiative reflects the government’s commitment to improving educational access and boosting the state’s Gross Enrollment Ratio by enabling students to pursue quality education with fewer financial barriers. 

The interest rate under this scheme is highly subsidised at 4% per annum (simple interest). This is significantly lower than typical market‑linked education loans. 

There may also be further interest concessions if students pay the interest while still enrolled. 

Additional charges such as processing fees or service charges are usually minimal or waived, as per scheme guidelines. However, this can vary slightly based on your lending bank’s policies. 

To benefit fully from the Guruji Student Credit Card, follow these practical tips: 

• Plan Your Expenses: Use loan funds primarily for education‑related costs.
• Understand Repayment Terms: Know your moratorium period and repayment schedule.
• Maintain Records: Always save fee receipts and expense proofs for transparency.
• Communicate with Bank: Clarify all terms with your lending bank before loan disbursal.