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.
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.
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 …..
i hv taken study loan from 2007 to 2010. nw i am paying loan amount. can i get subsidy on interest. kindly reply
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
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
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
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
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
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.
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……
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.
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
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
actually i have taken loan from oriental bank bank from 2008-09 batch.please tell me i am under this scheme or not
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.
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?
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….
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
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….
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….
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.
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
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..
Sir i took loan in 2006 from south malabar gramin bank triprayar (thissur) for my higher studies about 200000 whether i will get subsidy ,
Sir i took loan in 2004 for my higher studies abt 275000 whether i vil get subsidy
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.
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
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?
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???
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.
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.
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
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
i have recieved education lone for the year of 2007 to 2010.can i eligble for education interest subsidy
sir i have taken education lone for the year of 2006 to 2010.let me know whether i am eligible for the interest subsidy?
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
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.
Hi,I took education loan for the year 2007 -2011.Let me know whether I am eligible for interest subsidy?
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
Hi i took education loan from canara bank on 2003…Please let me if iam eligible for this.
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 .
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.
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
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.
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
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.
PLS………
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
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 ?
Sir, i have taken a loan for mca in a scheme of 2009-12 plz give the subsidy