The Ministry of Human Resources Development (HRD) has circulated Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS) to banks on 25th May, 2010. In terms of the Scheme, full interest subsidy would be provided by Government during the period of moratorium/study period and would be applicable to students from EWS with a parental upper income limit of Rs.4.50 lakhs.
The Scheme is for studies in recognized technical and professional courses in India. The Scheme would be applicable from the academic year 2009-10 (with effect from 1st April, 2009).
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