Ministry of Human Resource Development has finalized the modalities for implementation of a new Central Scheme to provide full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources of less than Rs.4.5 lakh annually) from scheduled banks under the Educational Loan Scheme of the Indian Banks Association (IBA) for pursuing courses of studies in professional/technical streams from recognized institutions in India.
The modalities have been finalized in consultation with the Indian Banks Association. The Scheme is effective for all IBA approved educational loans sanctioned in form of eligible students in respect of approval course of studies from the academic year 2009-10.
4 Comments on Central Scheme for Interest Subsidy for Edu. loans
Padmaraj Thanepatil
24/04/2011 at 6:19 pm
sir, I want to just know the last date of GR subscide scheme on educational loan
Gs Currentaffairs
25/04/2011 at 8:22 am
There is no last date. Contact your Bank immediately and apply. Scheme is applicable from the year 2009 – 2010.
manojkumar salunkhe
12/02/2012 at 11:01 am
sir,I want to just know the last date of GR subscide scheme on education loan intrest 2009-2010
ganesh
29/06/2012 at 10:58 pm
sir i have taken education loan. i got it but now i want to continued this and want 2 do post graduation in BE. can this loan be continued……..