Central Scheme to provide Interest Subsidy (CSIS): Ministry
of Human Resource Development
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Details
of Central Scheme to provide Interest Subsidy (CSIS)
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Particulars
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Description
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Name of the Scheme
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Central Scheme to provide Interest
Subsidy (CSIS)
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Sponsored by
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Central Government
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Funding Pattern
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The Scheme is 100 per cent
centrally funded.
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Ministry/Department
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Department of Higher Education
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Description
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The Government of India has
launched a scheme to provide full interest subsidy during the period of
moratorium, i.e., Course Period plus one year or six months after getting
job, whichever is earlier, on loans taken by students belonging to
Economically Weaker Sections from scheduled banks under the Educational Loan
scheme of the Indian Banks� Association, for pursuing any of the approved courses of
studies in technical and professional streams, from recognised institutions
in India.
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Beneficiaries
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Individual,
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Benefits
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Benefit Type
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Loan,Subsidy,
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Eligibility criteria
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The Scheme could be adopted by all
scheduled Banks and would be applicable only for studies in recognized
Technical/Profession Courses (after Class-XII) in India.
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How to Avail
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By submitting an agreement between
the student and the branch of the concerned bank for Interest Subsidy Scheme.
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Validity of the Scheme
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Introduced On
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01 / 04 / 2009
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Valid Upto
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18 / 10 / 2011
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