CentralEducation LoansCSIS
Central Sector Interest Subsidy Scheme (CSIS) on Education Loans
Full interest subsidy on education loans during the course and moratorium period for economically weaker students (family income ≤ ₹4.5 lakh) pursuing professional and technical courses in India.
About this scheme
Provides interest subsidy on education loans for economically weaker students pursuing professional and technical courses in India.
Eligibility
- Citizenship: Applicant must be an Indian citizen
- Annual family income: Must not exceed ₹4,50,000 per annum from all sources
- Course type: Must pursue a professional or technical course in India at a recognised institution
- Loan scheme: Education loan must be sanctioned under the IBA Model Education Loan Scheme
- Availment limit: Subsidy is available only once for either the first undergraduate degree or the first postgraduate degree/diploma; integrated courses are also eligible
Benefits
- Full interest subsidy during the course period
- Full interest subsidy during the moratorium period
- Covers the entire duration of the eligible course
Required documents
- Aadhaar Card
- Income Certificate issued by the competent authority
- Admission letter from the institution
- Educational loan sanction letter from the bank
- Fee structure or fee receipt
- Previous academic certificates / mark sheets
- Bank account details
- Passport-size photograph
- Identity and address proof as required by the bank
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