Guruji Student Credit Card (GSCC) Scheme-Jharkhand

By: Career Marg Team | on April 15, 2024

Basic Implementation Framework of Guruji Student Credit Card (GSCC) Scheme

With the objective to increase the GER and accessibility of Higher Education by the students, the State Government has set up 04 new universities since 2016, 19 private universities since 2007 and 19 new Government Colleges (Women’s college, Model college & Degree college) in aspirational districts/educationally backward districts/remote locations in addition to the already existing 63 constituent colleges.

Each year more than 4 lakhs students qualify Class 10th and more than 3 lakhs students qualify Class 12th exams in the state of Jharkhand to pursue higher education.

One of the major objectives of the State Government is to ensure that no student is denied the opportunity to pursue higher education because of their financial condition. To achieve this objective and to facilitate meritorious students from financially weaker sections to pursue higher studies, the State Government proposes to support the students by providing an education loan, having a maximum limit of Rs. 15 lakhs (Rupees fifteen lakhs) available at subsidised rate of 4% simple interest rate per annum, so that the students can avail necessary funds as and when needed for their education.

Short title and Commencement (i) This scheme shall be called as the “Guruji Student Credit Card Scheme”. (ii) It shall come into force from the date of publication in the Official Gazette.

Short title and Commencement 

1. This scheme shall be called as the “Guruji Student Credit Card Scheme”. 
2. It shall come into force from the date of publication in the Official Gazette.

Definitions

Unless the context otherwise requires, the following terms shall have the meaning assigned against each as follows: –   
(i) “Academic year” means the annual period during which academic instructions are provided to the students.   
(ii) “Bank” means any State Co-operative Banks or Central Co-operative Banks or District Central Co-operative Banks or any other Public and Private sector Banks.   
(iii) “Course fee” means tuition fees, examination fees, library fees, caution deposits etc., to be charged by the School, College, University, or Institution in which the student concerned is receiving academic instruction.   
(iv) “Corpus Bank” means a scheduled commercial bank selected by the DHTE for placing the fund allocated for implementation of the scheme.   
(v) “Diploma Courses” means three years course after 10th class or two years course after 12th class.   
(vi) “DHTE” means the Department of Higher and Technical Education, Government of Jharkhand.   
(vii) “GSCC Development Agency” means agency to be responsible for the development and maintenance of the web-portal and mobile application of GSCC.   
(viii) “Institution(s)” means a school/college/university notified by the High-level committee in which student shall secure admission for eligibility under the scheme.   
(ix) “Institutional” means the portion of loan that will be credited directly to the designated bank account of the Institution.   
(x) “Legal guardian” means a person who is appointed to look after a student (in absence of his father and mother, including stepfather and stepmother) lawfully, as permitted under the personal law of inheritance and succession of the student concerned or some other person declared as such, by any competent Court of Law in India.   
(xi) “MeiTY”  means  Ministry  of  Electronics  and  Information  Technology,   
Government of India.   
(xii) “Member Lending Institution (MLI)” means the State Co-operative Banks or Central Co-operative Banks or District Central Co-operative Banks or any other Public and Private sector Banks empanelled for lending activities under the scheme.   
(xiii) “Non-Institutional” means the amount of loan that will be credited directly to Student’s Bank Account.   
(xiv) “Non-Institutional Advance” means a one-time advance available to the student as a portion of Non-Institutional Expense.   
(xv) “Professional course” means the courses done in medicine, surgery, engineering, architecture, law, business, economics, accountancy, physiotherapy, psychology, technology, education, etc. which are recognized by any statutory authority in India constituted as such under any Central or State enactments or any statutory authority of any other Country.   
(xvi) “Research at Doctoral / Post-Doctoral Level” means undergoing Ph.D. Course / Courses Post Ph.D. Level / any course involving research work as required by university or the relevant academic body.   
(xvii) “Residence” means the residential address of the student mentioned in AADHAAR.   
(xviii) “Scheme” means the Guruji Student Credit Card Scheme.   
(xix) “School” means school providing secondary and higher secondary education and includes private schools under the administrative control of the boards/ councils active in the State of Jharkhand.   
(xx) “Student” means a student who has completed class 10th (in case pursuing diploma) or class 10th and 12th (for pursuing UG and above) from a recognized school active in the State of Jharkhand and is applying for a loan under this Scheme.   
(xxi) “Stakeholders” means the administrators and end user of the web portal.   
(xxii) “State Government” means the Government of Jharkhand.   
(xxiii) “University” means State/Central/Private Universities and Deemed Universities.   
(xxiv) “Web-Based Portal” means the Guruji Student Credit Card Scheme portal and the Guruji Student Credit Card Scheme mobile app developed by corpus bank and hosted on State Data Centre of Jharkhand/MeiTY Cloud Service Provider.   
(xxv) “Public Demand Recovery Act” means the Bihar and Odisha Public Demand Recovery (Jharkhand-Amendment) Act 2016   
 

Objective of the Scheme Guruji Student Credit Card (GSCC) Scheme-Jharkhand