NEWS & ADVICE : EDUCATION LOANS
Interest subsidy scheme on education loans mandated on all banks
By Neelima Shankar
May 26, 2010
Print    Email    RSS   

All banks have been directed by the Government to implement interest subsidy scheme on education loans for unprivileged students who wish to pursue higher education.

The Government had been planning on implementing the interest rate subsidy since quite some time.

The Ministry of Human Resources and Development has generated a letter to the heads of all scheduled commercial banks wherein they have been asked to take appropriate measures in implementing the scheme so that the eligible students get a chance to avail higher education.

The scheme is made effective from academic year 2009-10, the HRD ministry said. A provision of Rs. 500 crore has been made for the scheme by the Government for the year 2010-11.

As per the scheme, student would be exempted from paying interest during the moratorium period.

Banks like Union Bank of India have come up with schemes benefitting students on a larger scale.


 


(Comments Posted : 349) Post Your Comments
1. HOW I GOT MY LOAN FROM THIS GREAT COMPANY
henryloanscompany@yahoo.com
Hello my dear people , I am Anita Frank, currently living in New jersey city, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in October 2016 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Bill Gate the most interesting part of it is that my loan was transfer to me within 74hours so I will advice you to contact Mr. Bill Gate if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… ( henryloanscompany@yahoo.com ) No credit check, no co signer with just 3% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. Bill Gate today for your loan
They offer all kind of categories of loan they
Short term loan (5_10years)
Long term loan (20_40)
Media term loan(10_20)
They offer loan like
Home loan............., Business loan........ Debt loan .......
Student loan..........,Business start up loan
Business loan....... , Company loan.............. etc
Email..........( henryloanscompany@yahoo.com )
When it comes to financial crisis and loan then Bill Gate loan financial is the place to go please just tell him I Mrs. Anita Frank direct you Good Luck.......................
HENRY (Posted: Feb 17, 2017)
2. HOW I GOT MY LOAN FROM THIS GREAT COMPANY
henryloanscompany@yahoo.com
Hello my dear people , I am Anita Frank, currently living in New jersey city, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in October 2016 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Bill Gate the most interesting part of it is that my loan was transfer to me within 74hours so I will advice you to contact Mr. Bill Gate if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… ( henryloanscompany@yahoo.com ) No credit check, no co signer with just 3% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. Bill Gate today for your loan
They offer all kind of categories of loan they
Short term loan (5_10years)
Long term loan (20_40)
Media term loan(10_20)
They offer loan like
Home loan............., Business loan........ Debt loan .......
Student loan..........,Business start up loan
Business loan....... , Company loan.............. etc
Email..........( henryloanscompany@yahoo.com )
When it comes to financial crisis and loan then Bill Gate loan financial is the place to go please just tell him I Mrs. Anita Frank direct you Good Luck.......................
HENRY (Posted: Feb 17, 2017)
3. I am Mr Vincent lance Jessy a private loan lender,who give out loan in a very low interest rate of 3%. we give out all kind of loan like Educational loan, Business loan, home loan, Agricultural loan, Personal loan, auto loan and other good Reason. Duration of 1- 15 years depending on the amount you need as loan.

23 E. Concord Street, Orlando, FL 32801
Tel: +1{425 616 1654}
Email: {vincentlancejessy@gmail.com}
Vincent (Posted: Feb 16, 2017)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Complete guide to education loans in India
An insight into education loan schemes for...
Innovative education loan scheme for IIM...
Carnival of Indian Personal Finance Blogs #6
Credit profile and its effect on loan...


Can i know the Remaining amount to pay for my...
ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

NEWS THIS WEEK
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive