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Interest Subsidy on Education Loan
1. Central Sector Interest Subsidy Scheme (CSIS)
The scheme provides full interest subsidy during the moratorium period on modern education loans without any collateral security and third party guarantee, for pursuing technical/ professional courses in India. Economically weaker students whose annual gross parental/family income is up to Rs 4.50 lakh are eligible under the scheme.
2. Padho Pardesh Interest Subsidy Scheme – Discontinued w.e.f FY- 2022-23 (The existing beneficiaries as on 31-03-2022 will continue to receive the interest subsidy during the moratorium period of the loan, subject to the compliance with the extant guidelines)
Interest subsidy to meritorious students belonging to Economically Weaker Sections of notified minority communities, so as to provide better opportunities for higher education abroad and enhance their employability.
3. Dr. Ambedkar CSIS Scheme
Interest subsidy to the students belonging to the OBCs and EBCs on the interest payable for the period of moratorium for the Education loans for the overseas studies to pursue approved courses of studies abroad at Masters, M.Phil. and Ph.D.level.