Sbbj Subsidy Scheme

CENTRAL SCHEME FOR INTEREST SUBSIDY ON study LOANS Central dodge for Interest Subsidy has been announced by Ministry of HRD for providing interest on Education bestows during moratorium for technical and professional courses for studies in India under the IBA Model Education Loan Scheme for students from economically Weaker naval divisions (EWS) with annual gross parental/family income upto Rs. 4.50 lacs per annum from the academic form 2009-10. 1. applicability of the Scheme The scheme would be applicable only for studies in recognized Technical/Professional courses in India. The interest tribute shall be linked with the existing Education Loan Scheme of IBA and restricted to students enrolled in recognized Technical/Professional courses (after sort XII) in India in Educational institutions established by Acts of Parliament, other institutions recognized by the concerned Statutory Bodies, Indian Institutes of counseling (IIMs) and other institutions set up by the Central/ pass on Government. Under IBA Model Education Loan Scheme for studies in India maximum eligible bestow line is Rs.10 lacs. 2. Moratorium Period The gift is provided for the period of moratorium i.e.

course period plus one year or six months after getting job whichever is prior as prescribed under the IBA Model Education Loan Scheme. After the moratorium period is over, the interest on the outstanding loan amount shall be paid by the student in accordance with the provisions of the Education Loan Scheme. 3. Criteria for Economically Weaker Section/ Income Limit The benefit of the scheme would be applicable to those students belong to economically weaker sections with an annual gross parental/family income with upper limit of Rs.4.5 lacs per year (from all sources). 4. Competent Authority to issue credential The Ministry of HRD, Government of India has issued an Advisory to all the State Governments requesting them to designate suspend authority or authorities who are competent to issue... If you regard to get a full essay, order it on our website: Orderessay

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