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#1
30th September 2018, 07:19 PM
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What is the subsidy scheme under Development Credit Bank Education Loan for MS in Abroad aspirant?
I have heard about subsidy scheme. But I really don’t know what it is? Actually I am going to apply an education loan in Development Credit Bank for studying my MS in Abroad. So, I got the paper regarding this subsidy scheme but don’t know about this. Please explain me what it is?
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#2
22nd October 2022, 11:51 AM
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Re: What is the subsidy scheme under Development Credit Bank Education Loan for MS in Abroad aspirant?
If an education loan is sanctioned for more than Rs 10 lacs , interest subsidy will be available for the interest charged for limit upto 10 lacs.
Students who belong to financially weaker section and who annual family income does not exceed 2.5 lacs are eligible for interest subsidy. Subsidy is available for interest charged on the loan amount disbursed during financial year. |
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