• Home
  • Privacy Policy
  • Write For Us
IDEGRAAF
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
IDEGRAAF
No Result
View All Result
Home Education Loans

3 months for banks to claim subsidies for education loans

Loknath Das by Loknath Das
August 27, 2017
in Education Loans

Image result for 3 months for banks to claim subsidies for education loans

CHENNAI: Banks across India can now submit claims for the education loan interest subsidy for eligible accounts for the financial year 2016-17 from August 23 to November 23. Canara Bank is the nodal bank and they will be opening the portal. All the students who have availed education loanfrom the Banks under Indian Banks’ Association (IBA) Scheme to pursue professional / technical courses in India are eligible to avail the full interest subsidy, if the annual parental income is less than 4.50 lakhs.

Many banks have failed to claim the interest subsidy from MHRD thereby transferring the burden on eligible students which in many cases leads to accounts becoming Non Performing Assets (NPAs). It is the responsibility of the banks to submit the claims properly within the due date. Poor knowledge among the bank managers on eligibility of CSIS scheme and the portal are some of the reasons why this is happening, sources said.The Central Scheme to provide Interest Subsidy (CSIS) for education loans, MHRD provides full interest subsidy to the eligible students during the study period plus one year moratorium period.

[“Source-timesofindia”]

Tags: 3BANKS’claimeducationforloansmonthssubsidiesto
Previous Post

Long-distance learning is doable and you can succeed in it

Next Post

Dera sentence: Punjab govt orders closure of educational institutes on Aug 28

Next Post
Dera sentence: Punjab govt orders closure of educational institutes on Aug 28

Dera sentence: Punjab govt orders closure of educational institutes on Aug 28

Recent Post

  • India’s Merit Scholarships: A Comprehensive Guide A student’s academic
  • Education Loans Without Collateral For Studying Abroad: Guide
  • The cheapest loans for education for Indian students (2025)
  • Education Loan Providers study abroad
  • Types of Education Loans Students Must Know
  • What is Distance Learning? The Whole Manual
  • 8 Tips for Successful Online Home Tuition Sessions
  • The Amazing Benefits of CA Online Classes for Students
  • The 23 Best Recruitment Blogs of 2025
  • 7 Top Challenges with Online Learning For Students (and Solutions)

Calendar

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
idegraaf

Navigate Site

  • Home
  • Privacy Policy
  • Write For Us

Follow Us

No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career