#1  
21st September 2014, 02:41 PM
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How can I apply for subsidy in Education Loan at Indian Overseas Bank?


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




  #2  
25th April 2015, 09:27 PM
palugulavenumadhav
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Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: How can I apply for subsidy in Education Loan at Indian Overseas Bank?

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.
Do you have any question? or have anything to say?





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