Education Loan & Interest Subsidy..!

Now (2015, September) Interest subsidy is applicable from academic year 2009-10 and is available for those students who availed Education loan from 1.4.2009.
Full interest subsidy during the period of moratorium  ie. course period plus one year or six (6) month after getting job will be available.

The benefits of the Scheme would be applicable to those students belonging to EWS (economically weaker Sections) with an annual gross parental / family income upper limit of Rs.4.50 lacs per year from all sources.



Relief was given to those who were sanctioned / disbursed educational loans upto 31.3.2009 and outstanding as on 31.12.2013 was considered last year. As such no relief will be available NOW for those who availed loan in 2008.  
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