TMI BlogWrite off education loans given to the poor and middle class family students who could not get employmentX X X X Extracts X X X X X X X X Extracts X X X X ..... Write off education loans given to the poor and middle class family students who could not get employment - News and Press Release Dated:- 25-11-2016 - News - Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:24 IST Government has no Plan to write off education loans given to the poor and middle class family students who could not get employ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment. However, for the students belonging to economically weaker sections, an interest subsidy scheme on educational loans is in place. Under the scheme during the period of moratorium full interest subsidy is available for educational loans disbursed on or after 1st April, 2009. The Indian Banks Association (IBA) has formulated a Model Educational Loan Scheme for adoption by banks. As per the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scheme, Banks may also provide additional moratorium upto 6 months at a time taking into account spells of under-employment/unemployment during the tenure of the loan. Government of India has launched a Credit Guarantee Fund Scheme for Education Loans (CGFSEL) wherein collateral free loan is given upto ₹ 7.5 lakh. The fund provides guarantee against default in repayment of education loan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to the extent of 75% of the amount in default. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today. ***** DSM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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