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 got loan on 2010 from indian bank, Vellore. AM i eligible for this subsidy,if so how can i avail this. Please help me out.
sir i had taken education loan 9 lacs from 2011 to 2014 in bank of baroda,now the total amount including interest is 12 lacs, please let me explain how much amount will subsidy for me
Dear sir,
I am taking loans from 2011 from SBI for bsc nursing coarse. I have take 4lac loan. due to my weaker financial conditions I was not able to pay the monthly interest. my total family income less than 1lac. so I want to apply for subsidy scheme. I asked to loan section in bank manager about subsidy but they told me” I don’t have any kind of information about this ” so plzzzzzz tell me how I can subsidy scheme? ? plzzzzzz give me information about subsidy. ..plzzzzzz plzzzzzz sir.
I am very much thankful if u help me .
I had taken educational loan in Canara bank
cantonment branch Bangalore for my son MadanKumar.T in 2007
Subsequently after moratorium period we
started paying emi to the bank.
After Chidambaram’s budget speech 2014 Feb.,
CSIS WAIVER SCHEME was introduced.
we submitted necessary documents required to the
bank by April 2014. Even though Canara bank
is the Nodal bank in this scheme, They did not take
any action in this regard in spite of our repeated
follow up.
Please help us how to continue further.
I do not know why the bank is sleeping.
Government willing to help students but
banks are not allowing to happen.
There is one saying “Even God is ready to
give boon, Poojary will stop that”.
Thanks,
TvswamyVenkat
I was taken education loan in 2012 aug. I complete my degree (B tech)in 2016 may . My total loan amount is 6 lakh. Now I am eligible for central intrest subsidy scheme. If yes how I can register for it and how it work. Plz explain me.
Thank u vry vry much for help us.
sir i have taken education lone for the year of 2007 to 2009.let me know whether i am eligible for the interest subsidy? – my father yearly income is Below 1 lakhs .Please guide me whether i can qualify for this scheme? –
Sir
I am a student studying in college.I am doing B.tech in civil engineering.I had taken an education loan from OBC bank but the problem is that i am unable to pay interest now because my family’s condition is not good.I will pay the complete loan with interest after my degree is completed that is in the year 2017.
I beg u sir,please help me.Bank is not giving me the next semester fees.
Sir, I have taken Rs 3,59,000 in may 2011 from allahabad bank. Will I get some kind of subsidy? Where should I approach for the clear information. Please guide me.
hi sir
i have taken the education loan from vijaya bank guwahati amount 310000 on 2009 for technicle course i am doing job in private co. Monthly salary get 7000 and my loan amount rise upto 500000.my family fincialy not strong to pay this.please help i am very worried about it.Is it possible to get the any subsidy on interest.Please reply at the earliest.plz help me sir.contact no 07577862193
Dear Sir, I have completed diplopma and now i have taken admission to the second year degree cource. my diploma percentage is 78. i want to take Education Loan from my nearest SBH bank. but they were not give responce. so what can i do sir????
Sir, i have taken 1,70,000 Rs Loan in 2008 from State Bank of Hyderabad and i fullfill all criteria to avail subsidy.Bank is saying my education loan amount is around 4 lakhs now and they are not giving me any subsidy on interest till dec,2013 as said by government.What should i do? whom i have to contact? My whole salary will go to pay my loan .. Please help me sir, i am in trouble. Bank officials are harassing daily.
please Help Me!!!
my email id : choulwar.vyankatesh@gmail.com
Dear Sir
I have taken education loan of 1,44,000 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,
For your kind notice on this subject that, I have a education loan at allahabad bank.2008 to 2010. But unfortunately I didn’t get my subsidy amount.But I have submitted my family’s income certificate at our branch dated on November 2014.and our zonal branches received that one 2/12/2014.
But currently situations is, our bank ignoring my subsidy claim amount. And allahabad bank h.o. customer care guys told us u will get the claim amount.but they are not responded properly.
Kindly help me out this prob.and how I will get my subsidy.
Respected sir/mam
I have taken 3,90000education loan from pnb sarvodya..
This amount giving me every year as97500…for4years…rate of interest was13.4%
After four years one year internship which is in my course only…only 9 months completed after my bds degree…now bank saying my amount is nearly6lakhs something…still i didnt get any job…now how i will finish my loan…..is above rule helpful for me.??????
Plz tell me the solution
Dear sir , I has taken Rs. 1,15,000 loan from P.N.B.in july/ Augest 2008. I has completed his B.E degree. I am 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?
hi friends make an complaint toward the interest to reserve bank of India and the cmcell of the respective state, as unemployment increases leads to burden so raise help toward the government.
Dear sir
i had availed education loan in 2010 of Rs. 2,80,000 from State Bank of Hyderabad for the higher studies and till date i have repaid almost Rs. 4,00,000 and around Rs. 50,000/- is due. Please inform me, if there is any subsidy scheme available.
Email- Baswaraajpatil@gmail.com
i am taking education loan from corporation bank and after taking loan of 342000 compiled my education and then bank says that your loan is 430000 and no subsidy is applicable to you plz guide me how i get subsidy plz i needed plz plz plz
An amount of R’s 147000 was taken as loan from central bank of India Tilwaraghat Jabalpur. Interest including principal amount of. Rs 206186 up to 10jun 2014 was work out by bank only rs 10140/_ as subsidy on interest has given. please what exact subsidy is applicable to me
hello sir
ii had taken edu loan of 30000 rs from sbi in 2002.i had sbmitted few instollments arround 40000rs still now they r saying i have to pay 90000rs.pls tell me any way to oveercome this
Dear sir,
I have taken education loan of Rs 200000 from CBI bank for year 2010-13. Though my father income is less than 4.5 lacs, I didn’t get any subsidy during this four years. So kindly
assist me that how I get subsidy and which are the other criterias for getting subsidy on education loan.
Hello sir
I have to take education loan from SBI for B.tech 2010-2014 batch.
Now this time i job less so how i paid loan interest.How to its excuse please inform me.
Hello sir
I have to take education loan from SBI for B.tech 2010-2014 batch.
Now this time i job less so how i paid loan interest.How to its excuse please inform me.
dear Sir,
kindly suggest me that where can i submit the interest subsidy form in which i can get the relaxation in interest. I have taken a education loan from allhabad bank.
I have taken a Rs. 400000 from the bank but now it has became a Rs.600000.
Now suggest me that how to repay this loan amount asap and get a relif from this.
Regards
Ajeet Kumar
kindly suggest me that where can i submit the interest subsidy form in which i can get the relaxation in interest. I have taken a education loan from allhabad bank.
i am taking education loan from Haryana Gramin Bank during 2010-2013 batch(MCA).please tell me how can i get the interest subsidy .
dear sir,
i have took an education loan from kerala gramin bank under canara bank 2008-2010.Now i am in NPA list.so kindly give information about this.
I am Ganesh kumar I take education loan but my economic weak subsidy scheme provided because my family of annual income 124000
Sir i had got educational loan which is sanctioned on november 2008 from BOI.i had done engineering course to the academic year of 2008 to 2012. Our annual income is less than 1lakh. Is i eligible for getting this interest subsidy. Kindly rply ASAP.
Thankyou sir.
to the r,b.i.governor.in chief financial administrator of india.
.dear sir i have taken the education loan from central bank of india for mba. study. but sir that we are the i means bpl family bacground.economicaly bacwards.and other backwards classes. there is no income source on family. i could not get the good job and good salaies. so i want subsidies 85% my loan…if govt of india india and central bank of india give the chance give me the oppurtunity for job in banking sector i wil pay the loan after geting the good job,i aspected salareis minimume 25,000, to 30,000. thaosands thaousands per month. per anum 4.lakh to 8.lakh…….so sir. kindly sugest me, i shal be greateful to you. thanking urs sweet reply.
Dear Sir,
I took education loan for Btech in 2009-2013 of amount 3.15 lacs from canara bank,now I’m doing Mtech,so that I was not able to pay it back and today the amount is near 4.3 Lacs. 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
i have taken loan from vijaya bank during 2007-2011 batch(b.tech). Already i got subsidy of 5000 last year, whether i will eligible for 2014 interest subsidy scheme . my family income below 3L only. please reply.
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 …
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.
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.
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.
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.
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.
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
Dear sir
I have taken an education loan in may 2010 , please tell me whethher I am eligible for subsidy provided by government.
Avinash
sir i have taken loan from pnb bank pls tell me how did get subsidary im very sad
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.
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)
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
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
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!!!!!!
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.
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
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
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.