The Ministry of Human Resources Development (HRD) has circulated Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS) to banks on 25th May, 2010. In terms of the Scheme, full interest subsidy would be provided by Government during the period of moratorium/study period and would be applicable to students from EWS with a parental upper income limit of Rs.4.50 lakhs. The Scheme is for studies in recognized technical and professional courses in India. The Scheme would be applicable from the academic year 2009-10 (with effect from 1st April, 2009).
As per available information, the total loans outstanding and number of accounts under Educational Loan Scheme during the last three years were as under:
(Rs. in crore)
| As on 31st March | No. of Accounts | Amount outstanding |
| 2008 | 12,46,870 | 19,817 |
| 2009 | 16,03,385 | 27,646 |
| 2010 | 18,51,106 | 34,192 |
This information was provided by the Minister of State for Finance, Shri Namo Narain Meena in reply to an Unstarred Question in Lok Sabha today.
Hi sir,
I have taken my education loan in 2008-2009 financial year but i have not repaid any amount till now, i request you to clarify me am eligible for interest subsidy scheme plz let me know –
Hi sir,
I have taken my education loan in 2008-2009 fiscle year but i have not repaid any amount till now, i request you to clarify me am i eligible for interest subsidy scheem plz let me know
Dear sir
I have taken loan in 2012-14 am i eligible for this please let me know
Dear sir
I have taken loan in 2006-07 am i eligible for this please let me know
Dear Sir. I have taken loan dated 23.2.2009, according to subsidy scheme it will affect from 1 st April. Please clear me I am eligible for subsidy or not.
I have taken education loan from sbm but they are not santioning the laptop amount so help me in this regard
Sir, My son completed PUC and admission to BE in NIE Mysore. I already paid KEA fees & NIE fees upto 70000/- I collected College estimation for 4 years 275000/- Pl guide me for Education loan interest rate and Central Govt subsidy policy. I had taken House loan 4.95 lacks SBM Bazzar branch in 2008. Now the loan amount is 3.6 lacks. In Bazzar branch staff not coperating in this matter. Please advice me in this regard or shall I go to other Bank.
I am eligible for subsidy for education loan i have taken from State Bank of Mysore and submitted the forms for the same. Since 2 years nothing has been done and i am paying the same interest rate. Is the scame only name sake?
This is Balaram Naidur ,I have taken educational loan in the year of 2008-2009 and 2009-2010 in Andhra bank ,now government has implemented Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS) to banks on 25th May, 2010. In terms of the Scheme, full interesubsidy for those people who are taken loan in the year 2009-2010, am I eligible to use this scheme..My annual income is also less than 4 lakes, please give me full information about that scheme..
this is kartheek studying mtech final year ,I have taken educational loan in the year of 2009-2010 in State bank of mysore,now government has implemented Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS) to banks on 25th May, 2010. In terms of the Scheme, full interesubsidy for those people who are taken loan in the year 2009-2010, am I eligible to use this scheme..My annual income is also less than 4 lakes, please give me full information about that scheme.is state bank of mysore
implementing the Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS).
yeah..u r applicable.
This is venu gopal reddy studying mca final year ,I have taken educational loan in the year of 2009-2010 in Andhra bank ,now government has implemented Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS) to banks on 25th May, 2010. In terms of the Scheme, full interesubsidy for those people who are taken loan in the year 2009-2010, am I eligible to use this scheme..My annual income is also less than 4 lakes, please give me full information about that scheme..