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What is Education Loan Interest Subsidy Deadline about?

The Ministry of Human Resource Development has set a deadline of November 2012 for banks to submit all pending interest subsidy claims from 2010 and 2011 to the nodal bank, Canara Bank. Banks must ensure that eligible education loans taken by economically weaker students on or after April 1, 2009 submit income certificates to banks and that all interest subsidy claims are submitted within the stipulated time period, or the claims will not be entertained. The scheme provides full interest subsidy on eligible

Author

Athira Krishnan

Language

EN