• Dec
  • 02
  • 2009

Interest subsidy on education loan to student from weaker section

Govt.  may provide Interest subsidy on education loan to student from weaker section for moratorium period

Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies in technical and professional streams from recognised institutions in India.
The scheme will be circulated to banks for implementation after the modalities of the schemes are finalized by the Ministry of Human Resource Development.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.


122 Responses to “Interest subsidy on education loan to student from weaker section”

  1. krishna says:

    sir
    2010 i had taken education loan from sbi kerala. 4.9 lacks my course completed in 2013 august. now the total amount including interest crossed 6.8 lacks. intrest rate of 13.75 %. during course period also intrest started calculating.
    for a car loan or personal loan intrest only below 10%.
    subsidy of 40 k this month only came.
    this system is totally waste and government not taking any action against this. problem
    in India education is not important car. and other things are important …

  2. SUNNY KUMAR says:

    Respected sir/ madam
    I have taken a loan of 220000 in a year aug 2009.so please tell me the that i come under subsidy??.
    As i am listening lots of information regarding this subsidy scheme but not a correct one.so please give me the correct information by e-mailing me.
    Thanks.

  3. Asha says:

    Dear sir,
    I taken education loan for my higher studies in the period of 2006 -2009. I took loan from State Bank of Travancore. I re-payed the principal amount, but still bank asking to pay the interest amount. Is there any possibility to get the loan interest subsidy. Please help me sir.

  4. NARESH PEYYALA says:

    Dear sir,
    I taken education loan for my higher studies in the period of 2006 -2009.
    I took loan from BOB Nandivada. I re-payed the principal amount, but still bank asking to pay the interest amount. Is there any possibility to get the loan interest subsidy.
    Please help me sir.

  5. Amit Kumar Sharma says:

    Hi,
    My education loan was sanctioned on 25/June/2009 and i borrowed an amount of 1.6 lk from PNB bank. My Graduation course was completed in 2012. After that i did my post graduation, for this i asked the PNB bank officials to extend the recovery of loan in 2012, fortunately, they agreed upon this and they extend it upto august 2014.
    In order to take the advantage of CSIS scheme, I visited the Bank today and they said that CSIS scheme is only applicable to those borrowers whose loan was sanctioned before 31/march/2009. But on IBA website i found a circular which says that CSIS scheme is applicable to the borrower whose loan sanctioned date is 01/April/2009 or after. I argued with Bank officials but they didn’t listen to me, i also showed them the hard copy of circular but they said that we will follow the circular they have in which the sanctioned date is mentioned as 31/march/2009 or before.

    I don’t know what to do, Am i eligible under interest subsidy scheme, till date I haven’t payed any EMI. Please give your suggestions.

  6. Amit Kumar Sharma says:

    Hi,
    My loan was sanctioned on 25/June/2009 and i borrowed an amount of 1.6 lk from PNB bank. Am i eligible under interest subsidy scheme.

  7. priya says:

    i,

    I did my B.TECH in 2008-2012 batch,my education loan[Rs.252000.00 & Rs. 63,000.00 /year] sanctioned in 2009 January from BANK OF BARODA .We paid the interest till 2010. Once after receiving the information regarding interest subsidy we stopped paying interest.
    But in our bank they put penalty for the unpaid amount and repeatedly they are applying interest.

    After completion of my course i have to refund the loan from April 2013. But i started after September 2013. For that also i got penalty form my bank.

    Till now i just received subsidiary of Rs.5000.00 [one time only]

    While asking educational loan officers at our bank,they are not answering properly and blindly asking us to repay the loan.

    We paid nearly 1.5 lakh still we have pending of 2 lakhs.

    Pls advise me regarding this till which month i’m applicable for receiving subsidiary

  8. Avinash Manhas says:

    Dear sir

    I have taken an education loan in may 2010 , please tell me whethher I am eligible for subsidy provided by government.

    Avinash

  9. anil sharma says:

    sir i have taken loan from pnb bank pls tell me how did get subsidary im very sad

  10. Karthick says:

    I have taken my loan in year 2008 for BE(ECE)in INDIAN BANK & completed my course in july 2012. Wheather i am eligible for the interest subsidy scheme or not,please tell me.

  11. Hare Krishna says:

    I have taken loan from GRAMIN BANK for my Education,which started from year 2007-2008 financial year and end in year 2010-11. Kindly tell know if I am eligible for subsidy scheme.

    Thank You,
    Hare Krishna
    (harekrishna381@gmail.com)

  12. Ankit says:

    Dear Sir,
    I took education loan in 2004-2008 of amount 1.64 lacs,
    Due to some reason i was not able to to pay the EMI and today the amount is near 3Lacs. Please suggest me how can i get the benefits of subsidy.
    Is that any Subsidy is possible for me.

    please response as soon as possible

  13. Kapil Kumar says:

    Dear Sir/ Madam,

    I have taken education loan from 2008 to 2010 of Rs. 4 lacs. Now Iam paying loan amount. can I get any Subsidy on interest of the loan amount. And also suggest the procedure of the same..

    Hoping for your quick & positive response…

    Thanks & Regards
    Kapil Kumar

  14. Digvijay Singh says:

    Hello Sir/madam,

    I took education loan of 2,40000in Oct 2008.After i got job i was start pay interest .Could, you please let me know i will get suscidy or not.
    As per the rule i am eligible for getting subcidy.

    Thanks!!!!!!

  15. Vivek Pradhan says:

    i have taken a education loan from bank of baroda of amount 200000 between 2006-2008.i had deposited the interest during 2006-2008 regularly and continuing the EMI till march, 2014.
    Now the loan amount is about to 35000/-. will a get the intrest subsidy/any benefit from the scheme announced in 2014 interim budget,
    Please comment on above point.

  16. vidhya.s says:

    I have taken loan form canara bank in the year of 2008-2010 loan amount 132000 and submitted my home original document.now am paying the interest also i am the eligible for interest subsidy plz reply me sir. kindly advice me to how can i get my house document

  17. Ravina says:

    i have taken the education loan amount 365000 on 2008 for mba course and its rise upto 500000.Is it possible to get the subsidy on interest.Please reply at the earliest

  18. Sandeep Sharma says:

    Dear Sir/Ma’am,

    I got education loan of 4,00,000 in April 2008 from PNB and i have repaid my loan amount,only 50,000 is balance amount.

    I did not get any subsidy which was given by Govt. of India. I asked in my concerned branch but every time they replied me that if you there is any scheme, it will be adjusted in your account. Since now my account is about to close, still i have not get any benefit.

    Please let me know what should i do to avail this Govt. scheme.

  19. SATYENDRA JHA says:

    Sir I had taken education loan Rs.365000/-in 2003 for my daughter’s education for degree BHMS from Sophia Homoeo pathic College Gwalior. Jiwaji University.My income was less than Rs. 200000/- in 2003. What should I do no body is guiding. Kindly help me to undertake the procedure to get the subsidi.The moratorum period is over in 2008. I am still paying the loan.

  20. Saurabh says:

    Sir ,

    I have taken the education loan from pnb bank 2009-2011 for pursuing MBA and i have Submitted the income certificate for taisildaar for claiming the subsidy as required by the scheme but the bank officials had not processed my subsidy application and due to which they are claiming Principal + Moratorium period accrued interest despite my representation for correction in the account statement showing over due & levied penal interest during the moratorium period… I have paid my first installment in nov-2012 and asked the bank to correct the wrong posting of interest in my loan a/c… of which they have not corrected and not replied to my letter . I have not paid since then ,Now the bank has send the legal notice claiming the Pirncipal + Moratorium Period interest so kindly suggest necessary course of action …..

  21. prakash says:

    i hv taken study loan from 2007 to 2010. nw i am paying loan amount. can i get subsidy on interest. kindly reply

  22. Dharmesh Kanzariya says:

    Dear sir

    I have taken loan from my Saurashtra Gramin Bank Rs.2,40,000 at 24-feb-2009 and i completed my 4 years course in 2012.
    will i get any subsidy kindly let me know..
    plz

  23. S.Vimal Kumar says:

    Dear sir

    I have taken loan for my mba Rs.2,80,000 Batch icompleted my 2 years course in 2010 will i get any subsidy kindly let me know

  24. BISWAJIT says:

    I HAVE TAKEN THE LOAN 7 LACK FROM UBI AND I GAVE THE ALL DOCUMENT TO GET THE SUBSIDY SILL I DID NOT GET. HOW CAN I GET SUBSIDY CAN U TELL ME PLEASE

  25. kushal kumar jh says:

    dear respected person

    i have taken the education loan from pnb bank and i have applied for the subsidy also but i had not got any subsidy. but i am very sad to say this i cant pay the interest only so please give the suggestion to get the subsidy amount

  26. hanmant Sankpal says:

    have taken education loan for my MCA for the moratorium period of 2007-2010.
    sir bank could not supprt to me about the education loan subsidy..
    also my parents annual income is less than 1.0 lac.
    should i get benefitted by the scheme…
    sir plese guide me

  27. ganesh says:

    Dear Sir /Madam,
    I have taken education loan of 4,00,000 Rs from State bank of Hyderabad ,I fulfill all document requirement. but still I am not getting Interest subsidy. When I called and asked about it they were telling me your file is under process from last 6 Months.
    So Plz suggest me where should I complain.

  28. Nagaraj.badun says:

    DEAR SIR,

    I HAD LOAN FROM KGB BANK 2009. BUT STILL NOT AT GOT ANY INTEREST
    SUBSIDY. PLEASE GUIDE ME HOW CAN I GET A THAT SCHEME……

  29. Manjunatha says:

    Hello Sir,
    This is manjunath, i done my MBA course In 2007-09 By taking Education Loan From SBM and my father yearly income is Below 1 lakhs and my salary is not fulfilling our monthly commitment and we are in rented house and not having any other source except my salary.Please guide me whether i can qualify for this scheme? From last one last one year i am searching for corporate job but not able to get.and presently i am working for 6k salary in auto show room.

  30. Anupam says:

    respected sir/mam

    i have taken education loan 2lac from PNB during 2009-2013 batch(it).
    please tell me how can i get the interest subsidy
    thanks

  31. mohd saleem says:

    respected sir/mam

    i have taken education loan from PNB during 2009-2013 batch(b.pharma).
    please tell me how can i get the interest subsidy
    thanks

  32. aamr says:

    actually i have taken loan from oriental bank bank from 2008-09 batch.please tell me i am under this scheme or not

  33. ganesh sirsat says:

    ganesh sirsat
    hello sir,

    I took education loan for B.tech for 2007-2011 from state bank of Hyderabad . . right now i m jobless. & our financial condition is also not good & our loan is increaing day bya day it have reached around 2.3 lakh. i took a total sum of 140000 Rs in 4 years at 11.75 tare of interst which is now 13.50. My father’s annual income is less than 1.5 lakh. kindly guide me what should I do. can I get any subsidy now or how?
    My father is facing difficulty paying monthly emi to the bank and its continously increasing.is there any possibility to get some more time to start repayment? please guide me.I shall be very thankful to you.

  34. Ashwini says:

    Sir,

    I have taken loan less than 2 lac on 2007-2008 from corporation bank and i am paying installment also but some times i din, because of my financial condition, do i get any subsidy i don know about this, and my bank manager is telling like you wont get subsidy and all, so please let me know what should i do for subsidy?

  35. Taposh Paul says:

    Sir,
    I have taken Rs 199500 eeducation loan for 2007-2009 in State Bank of India.
    I am not financial strong from family side, plz tell me if i am eligible for loan interest subsidy.

    thanks for your help….

  36. praveen kumar v says:

    hi sir

    i have taken the education loan amount 200000 on 2007 for mba course and its rise upto 419000.Is it possible to get the subsidy on interest.Please reply at the earliest

  37. Ravikumar says:

    Sir,
    I have taken Rs 166000 eeducation loan for 2011-2013 in State Bank of India.
    I am not financial strong from family side, plz tell me if i am eligible for loan interest subsidy.

    thanks for your help….

  38. Ravikumar says:

    Sir,
    I have taken Rs 166000 eeducation loan for 2011-2013 in State Bank of hydrabad.
    I am not financial strong from family side, plz tell me if i am eligible for loan interest subsidy.

    thanks for your help….

  39. dhruv says:

    Dear sir

    I have taken a loan Allahabad bank 200000.
    Me and my father not able to pay the amount of 380000.
    Please give me the subsidy process and how this process start …
    Manager done lots of call to deposit emidiately..
    Please help me 9627679123.

  40. Lokesh Joshi says:

    Dear sir/ madam,

    I have taken my education loan of Rs 400,000 from Central bank of India, please let me know if i am eligible for it

  41. anita says:

    i am taking education loan from canara bank during 2007-2011 batch(b.e).please tell me how can i get the interest subsidy.what is the procedure…pls reply..

  42. sudheesh says:

    Sir i took loan in 2006 from south malabar gramin bank triprayar (thissur) for my higher studies about 200000 whether i will get subsidy ,

  43. nisha says:

    Sir i took loan in 2004 for my higher studies abt 275000 whether i vil get subsidy

  44. Ashish says:

    Sir I have taken 300000/- education loan from Bank of Baroda so please give idea about education loan subsidy approved or not for 2008-10 batch.

  45. deepak says:

    sir,,
              my name is Deepak kumar jha,
              acc no:- 30694595425
              ack no for education loan:- 3086670868
        

      sir i taken an education loan from sbi  branch- benipatti
                                                              branch code:- 010772
                                                           total loan amount:- 375000
                                                            loan period:- 2009- amount:-125000
                                                                                     2010- amount:-125000 
                                                                                      2011– amount:-125000 

     i come under the subsidy scheme and i already submitted all the relative document for the same, but the  bank  isadding all the interest and does not providing me the subsidy over there, and does not giving the proper information regarding the subsidy ,,
    so plz give the procedue that i can use the subsidy …
     so plz help me that i can pay the rest proper  amount… …
    thanks& regards
    Deepak kr jha
     m:-07865869777
     email id:- princedkj@gmail.com

  46. Taposh Paul says:

    sir,

    I had taken loan from SBI bank under the scheme 2007-2009. shall i be getting the interst subsidy? what are the necessary steps i need to take if i get the subsidy?

  47. arijit dewan says:

    sir,
    i have taken education loan of Rs 17500 for my MBA from punjab & sindh bank and claimed an interest subsidy , but i received a message that they need Adhaar card number for farther processing but in our area adhaar card is not yet provided. The bank is not cooperating with me i have voter id. and Pan card but they are not taking it as substitution. pls suggest me what to do???

  48. akil goyal says:

    Dear Sir,

    I have taken education loan in jan. 2007 of Rs. 200000/- Please tell me Iam i Eligible for the subsidy . My father Income below ur conditions.

  49. pratibha says:

    hello sir,
    I would like to know about the full subsidy educational loan scheme.
    I took education loan for B.tech for 2007-2011 from pnb bank. I appiled for 5% subsidy as per haryana govt scheme for female candidate at that time & also got the subsidy for the first year. but after that I didn’t get any for last 3 years. after completion of my course i was told by the bank no subsidy have come so u have to pay all or otherwise i was told to consult zila mahila vikas ayog for the same. when i asked them (zila mahila ayog hisar) the reason they told me that i was supposed to submit interest every year as i didnot I would not be getting any subsidy now but this information was not known to us earlier otherwise we would have done something for this. my father & I was told to pay the installment after four and a half year at the time of taking loan they did not inform us before this information that we would not be getting any subsidy if u would not pay the interset every year. right now i m jobless. & our financial condition is also not good & our loan is increaing day bya day it have reached around 5.3 lakh. i took a total sum of 3,77000 Rs in 4 years at 11.75 tare of interst which is now 13.50. My father’s annual income is less than 4.5 lakh. kindly guide me what should I do. can I get any subsidy now or how?
    My father is facing difficulty paying monthly emi to the bank and its continously increasing.is there any possibility to get some more time to start repayment? please guide me.I shall be very thankful to you.

  50. tarun CHOUDHARY says:

    Sir,
    I have taken Rs2,80,000 eeducation loan for 2010-2012
    I am not financial strong from family side, plz tell me if i am eligible for loan interest subsidy.

    09907305321

  51. shailesh kushwaha says:

    sir i have taken 530000 education loan from allahabad bank so plz give idea about education loan subsidy approved or not for 2008-10 batch

  52. md mirajuddin ahamed says:

    i have recieved education lone for the year of 2007 to 2010.can i eligble  for education interest subsidy

  53. md mirajuddin ahamed says:

    sir i have taken  education lone for the year of 2006 to 2010.let me know whether i am eligible for the interest subsidy?

  54. Mohd Imran says:

    Hello Sir
    I would like to know about full subsidy education scheme. Actually I took education loan for b.tech course during the session 2007-2011. Could i avail the facility offered by Indian Bank Of Association from the session 2009-2010 in terms of education loan. Yet i,m job less but bank has forcefully stress on mine family. My father is not able to pay  monthly emi to the bank. If i.m not under this scheme please just is there any possibility to get some more time to start repayment?
    Thanks And Regards
    Mohd Imran
    9718624927

  55. kulveer says:

    I have taken my loan in year 2005 & completed my course in july 2008. Wheather i am eligible for the interest subsidy scheme or not,please tell me.

  56. Dhanalakshmi says:

    Hi,I took education loan for the year 2007 -2011.Let me know whether I am eligible for interest subsidy?

  57. vikas says:

    my father annual salary is 150000. then i can take education loan on subsidy .but bank staff told me that thier is no policy for this type of subsidy what shold i do and where should i contact

  58. shafeeq says:

    Hi i took education loan from canara bank on 2003…Please let me if iam eligible for this.

  59. mahesh says:

    HI , i have taken bank loan for the year 2006-2010 in state bank of india , please tell whether i am eligible for interest subsidy .

  60. THIYAGU says:

    i’m THIYAGU, I had taken a loan on 2009-12 from canara bank at the rate of Rs.1,80,000.Weather i’m eligible for interest subsidy or not.
    In my bank they are saying to pay a interest.
    on before an year they got interest subsidy filled form from me.
    I’M HAVING ELIGIBLE FOR SUBSIDY SCHEME OR NOT?

    i’m waiting for your REPLY.

  61. TANDEL ANEEP says:

    RESPECTED SIR,

    I HAVE AVAILED EDUCATION LOAN Rs.1,25,500.00 FOR THE YEAR ENDED 2010-11 FROM BANK OF BARODA (SSI)SACHIN, SURAT BRANCH MY LOAN A/C.NO.2557060000202. MY PARENTS ANNUAL INCOME IS Rs.2,68,300/=SO I HAVE APPLICABLE FOR INTEREST SUBSIDY “GOV. MOHRD”. I HAVE ALL SO SUBMITTED ALL MY DOCUMENTS (INCOME CERTIFICATE & AGREEMENT) ON JULY 2010 FOR THE INTEREST SUBSIDY. I ASKED THE MANAGER FOR THE BANK HE SIDE HE HAVE NO SUCH INFORMATION FROM GOVERNMENT ORDER FOR THE SEASON 2010-11.SO KINDLY REQUEST YOU TO SUGGEST ME,THE ACTION TO BE TAKEN AND DO NEEDFUL.

    THANKING YOU,

    ANEEP TANDEL

  62. Anand says:

    Dear sir,
    I taken education loan for my higher studies in the period of 2006 -2007.
    I took loan from SBI chennai. I re-payed the principal amount, but still bank asking to pay the interest amount. Is there any possibility to get the loan interest subsidy.
    Please help me sir.

  63. sneha says:

    I had taken educational loan in 2007 -2011.Let me know Wheather I am able to get Subsidy Or Not.My Parents Annual income is Less than 2 lac

  64. sneha says:

    I have taken education loan from SBI in 2006 at 10% p.a. ,but now the EMI interest rates reach at 14% p.a.,very difficult for us to repayment. Plz advice me subsidy plans or any other way to get out from this debt. Is there any way to move lower interest rate? Plz help me.

  65. snijesh. c g says:

    PLS………

  66. snijesh. c g says:

    sir, i have admited for MBA tourism 2011-2013 batch at university of kerala, and i,m seeking for an educational loan from south malabar gramin bank mennangadi branch, wayanad district, kerala, may i get interest subsidy for the loan..pls give me a reply as soon as possible

  67. admin says:

    CLICK THE WORD PAN STATUS AT THE BOTTOM OF THE POST.

  68. Harekrishna khamari says:

    Dear sir, i have taken loan of 180000 from utkal gramya bank for MBA (2005-2007). Will i be elegible for subsidy. What the procedure ?

  69. Shivanagayya says:

    Sir, i have taken a loan for mca in a scheme of 2009-12 plz give the subsidy

  70. Prachi gupta says:

    I have taken loan of 5 lakh rupees from canara bank and my parents annual income just below then 1 lakh so m i eligible for interest free loan. Plz leave a rply

  71. S.Sridharr says:

    I have taken loan for my son education loan for Rs.9.65 Lacs for BE Marine Engg. from Jun-2010 to till date and my annual income is Rs.2,16,000-00. Pl tell me whether I am eligible for subsidy.

  72. S.Sridharr says:

    I have taken loan for my son education loan for Rs.9.65 Lacs from Jun-2010 to till date and my anual income is Rs.2,16,000-00. Pl tell me whether I am eligible for subsidy.

  73. shiv vijay singh says:

    i have taken education loan in 2009-2011 from sbbj.but the manager said that we don’t know about it.we can’t give u any subsidy. pls tell me what am i do??

  74. Raj Krishna Tiwari says:

    i m Raj Krishna Tiwari. i take the education loan 2oo9-11.from Baroda U.P. Gramin bank.my income less the 1 lacks. Please tell me about subsidy.

    thanking you

  75. satish says:

    sir , i have taken loan for BE this Year (2010)
    how can i get subsidy

  76. sidhanta says:

    HELLO SIR,
    i m continuing my diploma in mechanical branch and i want 2 join b-tech next year …but my financial condition is not good now a days.so i want 2 apply a study loan from SBI
    pliz …..give me detail information about it
    My email is sidhantahot.apu@gmail.com
    sir pliz sent any about ,,i m waiting for ur speed reply

  77. M.P.Rani says:

    Hello messenger,

    As I’m in urgent need to take loan only for my final year B.tech
    course.Whether it’s possible for me to get the loan from SBI???
    If you know any details regarding the above mentioned particular then leave your kind reply.Awaiting for your speedy reply…+

  78. manikandan.r says:

    hi iam manikandan.r …i had taken education loan from sbi during 2008 -2012(BE)sir can u pls tell me whether iam eligible for subsidy r not .. pls send details to mail
    manikandan111ece@gmail.com

  79. prem says:

    i m prem kumar. i take the education loan 2oo9-11.for pnb bank.my income less the 1 lakhes.plase tell me about subsidy.

    thank u

  80. srinivas says:

    sir,

    iam v.srinivas i had taken education loan 1,20,000Rs in 2007-09 mba also i have paid intrest upto 40,000rs in sbh velpoor branch nizamabad dist a.p

    iam economically poor my daddy annually income below 1 lakh so i would like to know about the subsidy provided in education please tell me iam eligibility or not

    Reply

  81. Hal Dhar Ojha says:

    Dear sir , my son has taken Rs. 4,00,000 loan from P.N.B.in October/ November 2005. He has completed his B.Tech degree. He is still unemployed. My annual income is less than Rs 1,00,000. I am feeding my big family. I am unable to pay interest. I want to return principle. Is there rule helpful to me?

    Hal Dhar Ojha
    e-mail add. – abkv_bxr@yahoo.com

  82. subhendu chandra says:

    I am Pursuing PGDM from MAIIM..I am from West Bengal. I would like to know about the last date submit income proof for getting Education Loan Interest Subsidy.
    please sir/mam, reply me…..

  83. bachan says:

    my spouse educational loan taken in 2006 from pnb my annual income below 3lac what can i should apply for subsidy on educational loan happen with me suddenly a letter received my son name from pnb bhikaji camaplace new delhi on 31.3.2011 at 6.30 pm in this letter bank told that you have not submit income proof so you are out of subsidy before this no any information for subsidy in the sight of bank when we get the educational loan all the income proof with photo copy of documents submitted in the case what i can do to day my income below 3lac pleas suggest me how can apply for subsidy.

  84. Indrani Biswas says:

    I had taken loan from SBI bank under the scheme 2010-2014. shall i be getting the interst subsidy? what are the necessary steps i need to take if i get the subsidy?

  85. J.SANGEETH says:

    Dear sir,
    I take loan on(state bank of Hyderabad) education for doing M.B.A for the year of 2007-09 still i am paying loan to bank , i am economically backward caste so i am unable to pay bank loan, i will come under this scheme or not.if i am under this scheme please tell what i have to do further term payment,how is the contact person to meet solve my problem.
    Thanking you

    Your’s Faithfully,
    SANGEETH.J

  86. prabhat says:

    I have taken loan from PNB for my graduation(B.tech),which started from year 2007-08 financial year and end in year 2010-11. Kindly tell me if I am eligible for subsidy scheme.

  87. sudersan says:

    Is the education load subsidy is application for the students who are studying at aboard universities?

  88. sudersan says:

    i have taken education loan for M Tech from MPEI Moscow (Aboard university). pl intimate whether i eligible for education loan subsidy?

  89. Dinesh Yadav says:

    i have taken loan from Union Bank Of India for 2008-11 for MCA,and am eligible for taking loan subsidy by govt. of india but the manager of UBI is said that any of information is
    not available regarding loan subsidy .
    Plz help me what should i do?

  90. neelam says:

    hi i have taken educational loan fromobc in 2008 to 2010 will it only for sbi or it can b other bank or if there is any other provisional to get subsiduary to get plz let me know

  91. Bhavesh says:

    Sarada you are very eligible to take the benefit of this plan.

  92. Zameer A. Khan says:

    Assalam-alaikum dear ahmed ali,:-:-
    for loan subsidy u should have complain in head office of bob or u can also complain to hrd via mail.
    And download a form of loan subsidy to net and go through it.:-
    and submit it in ur concern bank.

  93. sarada says:

    hi iam sarada…i had taken education loan from sbi during 2006 -2010(b-tech)sir can u pls tell me whether iam eligible for subsidy r not ..

  94. siva kumar says:

    i have taken education loan from sbi….but i don’t know…how to take subsidy scheme…..so, please inform me…….how to take subsidy…….

  95. arun choudhary says:

    i am taking education loan from sbi during 2008-2012 batch(b.tech).please tell me how can i get the interest subsidy

  96. srinivas says:

    sir,

    iam v.srinivas i had taken education loan 1,20,000Rs in 2007-09 mba also i have paid intrest upto 40,000rs in sbh

    i would like to know about the subsidy provided in education please tell me iam eligibility or not

  97. SHEIKH NURANI says:

    i have taken education loan for my b.tech for the moratorium period of 2007-2011.
    i have also deposited all the required documents needed for interest subsidy scheme of SBI.
    also my parents annual income is less than 1.0 lac.
    should i get benefitted by the scheme…
    sir plese guide me

  98. dhanawade sagar hanmant says:

    im willing to take education loan.my family annual income is 30,000/- so please tell i am able or not able subsidy on education loan

  99. Prashant M. Kakade says:

    I have taken loan from SBH for the MBA in period of 2008-09…so plez tell me i am applicable for the subsidy scheme…my total family income is less than 3 lack….i asked to loan section in bank about subsidy but they told me “I don’t have any kind of information about this”….so plez tell me what i do for this…..i need this subsidy scheme

  100. Kamalesh says:

    I have taken my loan in financial year 2006 & completed my course in july 2009. Wheather i am eligible for the interest subsidy scheme or not,please tell me.

  101. pankaj baldi says:

    i am willing to take education loan under education loan scheme.i am belongs to economically backward class and my family income from all the sources is of rs.84000 per annum so plz tell me i am able to take benefit of this scheme plz reply.

  102. Ashish says:

    what is the last day for claiming the subsidy?

  103. Ashish says:

    What is the last date for the claim of the loan??

  104. Ahmad Ali says:

    i have taken loan from bank of baroda for 2009-11 for mba,and am eligible for taking loan subsidy by govt. of india but the manager of bank of baroda is not providing me education loan subsidy what should i do?

  105. Aneesh Sebastian says:

    I took an education loan from 2003 to 2006. My course is completed on 2006. Pls let me know if I am eligible for this scheme

  106. Nikhil says:

    I have taken my educational loan for B.Tech for the year 2005-06. I belong to economically backward. Is this loan eligible for this scheme

  107. Meghana.A.K says:

    I was taken loan in the year august 2009.the course opted by me is bachelor of audiology and speech language pathology(BASLP). I would like to know whether i am eligible for the scheme.

  108. VINAY GUNJAN says:

    i was taken education loan in november 2009 . please tell me i am under the scheme or not

  109. Mnaoj says:

    Dear Sir,

    I had taken a loan on 2007-09 from SBI.
    Weather i am available on the scheme

  110. pravin kale says:

    i have taken loan for session 2005-2006 for my graduation in engineering…plz tell, am i available this scheme?

  111. govindarajan says:

    Why there is partiality in giving subsidy (interest) in education loan only to Indian Universities. Education loan is common.So make eligible to foreign studies also.

  112. mithun says:

    I have taken loan from SBI for my mba batch of 2009 – 11. Due to my weaker financial condition i was not able to pay the monthly interest. So please tell me once my course finishes whther i have to pay the bank interest along with the principal amount or only i have to pay the principal amount.

  113. yogesh says:

    i am taking education loan from sbi during 2007-2011 batch(b.tech).please tell me how can i get the interest subsidy.

  114. pankaj says:

    i have take 4 lac education loan from SBI bank,for the period of 2008-10 of my AICTE APPROVED COURSE, PLEASE TELL ME THAT I WILL COME UNDER THIS CATEGORY,

  115. balaji says:

    I hav taken in the year 2008-09. Should i pay the interest or not? plese help me out sir.

  116. elaya raja says:

    i have taken loan for t session 2007-2009 for my pg in Biotechnology…plz tell, am i available this scheme?

  117. Siraj Dudekula says:

    I approached for SBI educational loan with my fathers income backup and also a property as a secondary security.My parents annual income from all resources is less than 4.50 lacs and I pass the criteria for eligibility but the branch manager rejected this provision of interest subsidy for no reason.

    Even i want to raise a point SBI is not jus a member but one of the Managing Committee members of INDIAN BANKS ASOCIATION, MUMBAI which noticed every bank for this to be implemented after this is finalized by Ministry of HRD,Govt. of India.

    Adding, the present chairman of SBI Mr. O.P.Bhatt is himself the chairman of the IBA.

    As a borrower of loan and a customer who am urging for a loan how can I proceed in moving this to higher authorities?Where is the practical implementation of this provision is my voice?

  118. rijas says:

    i am taking education loan from sbi during 2007-2011 batch(b.tech).please tell me how can i get the interest subsidy.

  119. nandan singh says:

    actually i have taken loan from sbi bank from 2008-09 batch.please tell me i am under this scheme or not

  120. gurusamy c says:

    i m taking education loan from 2007-2008 batch. i taking to benefit interest subsidy scheme

  121. vikas says:

    i would like to know about the subsidy provided in education sector .

  122. Ashok Aggarwal says:

    Wah!

    Financial institutions never finances education loans unless the parents of applicants satisfy the bank that they are resourseful to repay the loan and meet the expenses of their children then how the applicant will qualify for interest subsidy to weaker section ?

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