Scheme Objective:
To promote pursuit of higher education and technical education by younger population of Goa, to ensure that economic conditions and financial difficulties do not come in the way of such pursuit and, to assist eligible candidates by way of interest free loans to undertake approved degree and diploma courses at undergraduate and post graduate levels, in India or abroad.
Click here for eNach (eMandate) Registration for Loan Repayment 
Interest Free Education Loan (IFEL) Scheme for the academic year 2024-25.
Scheme open from 30th October, 2024.
The Goa Education Development Corporation is pleased to announce the Interest Free Education Loan (IFEL) Scheme for the academic year 2024-25.
The applicants are requested to download the form, fill in the details and attach the requisite documents in hard copy and submit the form & checklist in the GEDC office between 10.00 am to 4.00 pm on working days.
The last date for submission of the form along with the requisite documents is 28/02/2025.
In case of students studying abroad, the Power of Attorney holder (parent) may fill the form as per the norms and submit within the stipulated duration as mentioned above
The Fresh and Renewal forms for IFEL Scheme 2024-25 maybe downloaded as below:
All the documents required with the fresh or renewal form has to be self attested by the applicant or the POA holder before submission.
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IFEL Scheme |
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Fresh form 2024-25 |
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Aadhaar Consent form |
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Checklist for fresh applications. |
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Renewal form 2024-25 |
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Power of attorney format. |
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Non working parent affidavit. |
BELOW DOCUMENTS TO BE DOWNLOADED AND SUBMITTED AFTER LOAN IS SANCTIONED
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Pre Receipt |
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Declaration |
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Bond Format |
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Fresh bond upto 5 Lakhs |
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Fresh bond upto 5 Lakhs with POA |
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Fresh Bond Above 5 Lakhs |
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Fresh Bond Above 5 Lakhs with POA |
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Bond format for abroad cases |
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Minor bond upto 5 Lakhs |
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Minor bond above 5 Lakhs |
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Affidavit Format |
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Affidavit |
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Affidavit with POA |
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Abroad Affidavit |
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Minor Affidavit |
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