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.

Posted Under

Category : Income Tax (20862)
Type : News (11057)
  • surendra sharma

    i take loan from bank of baroda ibb ahinsa circle jaipur in the name of abhishek sharma, bank debit interest every month in saving account ,my financial possition is not good ,i could not pay interest every month ,i already apply subsidy interest but only about 8000 subsity came in my account ,i pay about 30000 interest to bank i tell to bank officer for subsidy ,bank officer tell me goverment not sent subsidy ,