Education and Career Forum

Sir i had took education loan from iob bank account. How can i apply for subsidy there in or at the government?

Central scheme for interest subsidy on educational loans has announced by MHRD for providing interest on educational loans.

* This scheme is applicable only for technical and professional courses in India.

* This scheme is applicable only for those candidates whose candidates parents total annual income should not exceed Rs.4.5 lacs.

* This scheme is available only for once either for first under graduate degree course or the post graduate degree/ diploma in India.

* It is implemented through nodal bank of MHRD which is canara bank.

* Candidate have to contact the bank branch manager with latest income certificate, academic certificates, address and Id proof and all necessary documents to avail the subsidy in educational loan.