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.

More Under Income Tax

Posted Under

Category : Income Tax (28570)
Type : News (14087)

172 responses to “Interest subsidy on education loan to student from weaker section”

  1. Namrata Koranga says:

    I took education loan in the year 2012,as I got subsidy amount of 2013 and2014,but not for 2015 and told ones emi started subsidy won’t be pay please suggest is that true statement made my bank employee because I am not satisfied with there statement.

  2. SWAPNIL KUMAR says:

    Sir I have Taken Educational Loan for Our son from Vijaya Bank And Government has announced that full interest subsidy under 4.5 Laks annual Income But Bank Not Given me full interest subsidy. Bank has given Partially subsidy Why.

  3. Kailash kumar says:

    Dear Sir,
    How can I get subsidy on education loan from Sarva UP Gramin Bank in 2009.



    I had taken loan from your bank with the amount of 1.40 laks as education loan in 2010. But I have deposited only Rs. 82000/- due to poor status of my family. Last time I have discussed with the BM of concerned branch. He suggested me to deposit 1.30 lakhs more as under OTS Scheme and gave 3 months time. But I arranged the said amount within a month. In the mean time Manager transferred. But how can i deposit the money and how can i get the loan clearance certificate. Thanking You, I am waiting your kind and positive responds

  5. surendra sharma says:

    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 ,

  6. Das says:

    sir, I got education loan from BOB, my family is financialy very week Iam unable to repay that amount even though there is no good job to repay that amount. now am getting an amount of rs 8000 as salary, with thus how could I repay … pls give suggestion

Leave a Reply to S.Sridharr Cancel reply

Your email address will not be published. Required fields are marked *