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Interest subsidy scheme on education loans mandated on all banks
I HAVE TAKEN EDUCATION LOAN RS 1,70,000IN(2008 TO 2011).NOW TOTALL AMOUNT IT\'S NEARLY DOUBLE(3LACK).HOW I CAN AVOIDE INTRES.FAST THREE YEAR I DIDN\'T GET GOOD JOB.NOW ONLY I GOT NORMAL JOB.HOW I SHOULD AVOIDE IN MY INTERES
T.SAKTHI (Posted: Jan 14, 2015)
Hi,

I have taken education loan rs 243000 in (2005-2009). whether how much i will get as subsidy.
sathishkumar (Posted: Jan 9, 2015)
sir, i have taken Rs 1,50,000 education loan in 2011 in SBM, wthat is emi payment mode and i am eligible for the interest subsidy scheme, pls help me sir....................
Sowmya H S (Posted: Jan 6, 2015)
I have taken education loan 1 lack in aug2009.I want to know whether i will get interest subsidy relief scheme or not ? If yes pl. tell me duration of period for which i will get subsidy
amit (Posted: Dec 19, 2014)
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Mrs Castro Vannesa (Posted: Dec 12, 2014)
Hi,

I availed an education loan from Allahabad Bank, U.P. before 31.03.2009 which is due till now. I inquired with the Bank branch in Feb'14 about interest subsidy for which they asked me to fill up a form and submit with the bank. The Bank authorities said that post submission of form they will get a confirmation from concerned department only then they can process the subsidy waiver. But even after waiting for Months I have not received any confirmation on the processing of Interest waiver and exactly how much interest waive off will happen on my account.

Could you please provide any email ID on which i can raise a complaint and get it done at the earliest.
Preeti (Posted: Nov 12, 2014)
Hi Sir,

My name is Mohanraj.V I have taken Education loan Rs.102000 from Syndicate Bank for my B.E Course in the year 2005. As per the Central Scheme of Interest Subsidy for Educational Loans announced by our Finance Minister on 17th Feb 2014, the Outstanding Interest Component on the Loan will be waived off as on 31.12.2013.

When I approached the Syndicate Bank Branch (Tamilnadu) where I availed the Loan, the Manager said that they have not received any official statement from the Syndicate Bank higher authorities to proceed on waiving off the Interest and also he said that the subsidy amount will be directly credited to my Loan Account and I don't have to submit any documents to avail the subsidy. Manager said the subsidy will be handled directly by the Regional and I don't have to visit the Branch.

Note: My Family Income is less than 1 Lakh and am eligible to avail the Subsidy. I have also submitted the Income Certificate while availing the Loan.

Please guide us on how to avail the Subsidy.
V.Mohanraj (Posted: Nov 10, 2014)
Hi Sir,

My name is Mohanraj.V I have taken Education loan from Syndicate Bank for my B.E Course in the year 2005. As per the Central Scheme of Interest Subsidy for Educational Loans announced by our Finance Minister on 17th Feb 2014, the Outstanding Interest Component on the Loan will be waived off as on 31.12.2013.

When I approached the Syndicate Bank Branch (Tamilnadu) where I availed the Loan, the Manager said that they have not received any official statement from the Syndicate Bank higher authorities to proceed on waiving off the Interest and also he said that the subsidy amount will be directly credited to my Loan Account and I don't have to submit any documents to avail the subsidy. Manager said the subsidy will be handled directly by the Regional and I don't have to visit the Branch.

Note: My Family Income is less than 1 Lakh and am eligible to avail the Subsidy. I have also submitted the Income Certificate while availing the Loan.

Please guide me on how to avail the Subsidy.
V.Mohanraj (Posted: Nov 10, 2014)
Dear Sir,
i have taken Education loan in August 2009 worth Rs. 240000 and now i wants to close my Education loan Account and for that wants to know how much interest subsidy is pending from Gov. to my Account. because it is credited one installment in past few month. so i wants to know how much total amount is receivable from Gov. and if i close the loan then can i got that subsidy in my saving account by check or not?
and please also let me know from where i got all these information regarding pending subsidy installments.

Looking for your reply,

Regards:-
Ghanshyam
Ghanshyam (Posted: Nov 6, 2014)
sir, i have avail edu loan in 2005 from boi for mbbs corse rs 750000/ out of which rs 11500/where disb after 1/4/2009 and int subsidy on that rs.11500/ rs 869/recd. than i have secured admission in ms ,so moratium period extended ,no further loan for ms (i e post graduation) WAS TAKEN. AS ON NOW NO REPAYMENT STARTS and also int is not capitalised. ifeel i am eligible for int outstanding as on 31/12/2013.so i contected boi but they interprited that i am not eligible for subsidy because i got subsidy once.(rs 869/ on disb after 1/4/2009-) BUT as per seheme onces means student is eligible for either graduation or post graduation once.so please guide me and suggest what i shoud do my loan a/c no is 312072200000552 yours faithfully-bharat popat
bharat popat (Posted: Oct 15, 2014)
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