Rs 61 crore disbursed to 465 Gujarat students for overseas education loans: Minister. On average, approximately 150,000 students from the state embark on higher education journeys abroad annually. Delhi, Gujarat, and Tamil Nadu each contribute approximately 8 per cent to the total number of Indian students traveling abroad for higher education. The migration of Gujaratis for education and other opportunities has occurred in phases, influenced by factors such as land-holding patterns and economic prospects. In 2017, 48,051 students from Gujarat went abroad for studies. The figure saw a decrease in subsequent years, with 23,156 students in 2018 and 6,383 in 2019. The amount has gradually increased over the years. Since 2014, the amount has been raised to Rs 15 lakh, and it is now disbursed in a single installment to ease financial planning for students. The loans, sanctioned under the Foreign Study Loan Scheme, were dis bursed at Rs15 lakh per student as of December 31, 2024,” he claimed.
