Government scheme: If you have taken education loan then interest will be waived


Education Loan: The name of that scheme is Central Sector Interest Subsidy Scheme. This scheme was implemented in the year 2009. Subsidy is given in the interest of the education loan under this scheme. Students who want to take technical education can take subsidy up to 100 percent. However, under this scheme, if a student takes a loan for education abroad, then he cannot take advantage of this scheme.

Students without any protection get protection

This Central Sector Interest Subsidy Scheme has been revised in 2018 by the Ministry of Human Resource Development. These schemes give interest subsidy to the students without any security. This scheme was started with the aim of promoting technical education. The student whose family income is Rs 4.5 lakh annually gets the benefit of this scheme.

In which type of loan subsidy will be available

The education loan taken under the IBA Model Education Loan Scheme. Subsidy will be given to him, students whose parents’ annual income is up to Rs 4.5 lakh will get the benefit of this subsidy. Students pursuing technical education only from government institutions and recognized institutions. Those students are given the benefit of this. Same once the students who have done UG, PG, graduation, post graduation also get benefit. Those students who leave the course in the middle, they do not get the benefit of subsidy in interest.

Benefits and features of this scheme

This is the plan. Under this, interest is waived on taking loan on education. After the completion of the course, the student has to repay the loan amount. These are the plans. Applicable only once for graduation or post graduation. Education loan up to Rs 7.5 lakh can be availed without collateral and third party guarantee.

Where can the benefit of this scheme be taken?

These are government schemes. Under this loan can be taken from any bank. The interest amount in this loan is decided on the basis of MCLR and EBLR. The interest subsidy on the loan can be done on annual and half-yearly basis.

एजुकेशन लोन कैसे ले-ऑनलाइन कैसे अप्लाई करे और ब्याज दर कितनी है समझे सारी प्रक्रिया


Leave a Comment

Your email address will not be published.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

5 shares gave up to 53.6% returns in 5 days Tata Mutual Funds are proved money doubling schemes Foreign banks FDs : High interest rates in India Top 10 loss-making companies in the country Where petrol is cheaper than tea, tax zero