Interest Subsidy on Education Loan

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..... Interest Subsidy on Education Loan
News and Press Release
Dated:- 27-3-2012

Press Information Bureau Government of India Ministry of Finance 27-March-2012 18:22 IST Ministry of Human .....

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..... Resource Development has formulated an Interest Subsidy Scheme to provide full interest subsidy during the period of moratorium on educational loans taken by students belonging to economically weaker .....

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..... sections from scheduled banks under the Model Educational Loan Scheme of the Indian Banks' Association (IBA) for pursuing any of the approved courses of studies in technical and professional streams .....

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..... from recognized institutions in India. Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in I .....

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..... ndia are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. This information was given .....

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..... by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today. DSM/SS/SL
News - Press release - PIB .....

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