Portal opened for claiming unclaimed Education Loan interest subsidy

Nodal Bank Canara Bank has today (7th Sep 2015) opened the portal for claiming, unclaimed Education Loan interest subsidy for the loans disbursed during 2009-10 to 2013-14.  This is an one time opportunity for all Banks to claim the left out interest subsidy claims.  The...

3:16 AM

All pending interest subsidy claims can be submitted immediately as one time measure

Under instructions from MHRD, Indian Banks' Association has notified that all pending interest subsidy claims (1.4.2009 to 31.3.2014) belonging to SC/ST and General category can be submitted immediately by the bank branches to the nodal bank.  The eligible students,...

10:52 PM

Interest subsidy claims for 2014-15 to be submitted before 25th September 2015

All Bank Branches should submit the interest subsidy claims for 2014-15 before 25th September 2015.  Though it is the duty of all the branch managers to submit the claim to the nodal bank Canara Bank before the due date, in the past, due to various reasons, managers have not...

8:54 AM

AADHAR Card not mandatory for processing of Education Loans

We are receiving complaints that some of the banks are not processing / sanctioning the Education loan applications if the applicants do not submit the AADHAR card.  When we sought clarification from the Nodal Bank Canara Bank, Shri Badrinath, AGM, Canara Bank Head Office has...

7:29 AM

One more opportunity for SC/ST students to claim interest subsidy before 31st Dec 2014

Indian Banks Association has now issued a circular advising all the banks to submit any left out interest subsidy claims relating to eligible SC/ST students who have availed education loan from the banks.  Since the funds allotted to SC/ST students are not fully utilised, they...

10:10 PM

IBA clarifications on Education Loan and Iinterest subsidy

Finance Minister and IBA response on Education Loan and interest subsidyMr Hansraj G Ahir, Member of Parliament from Maharashtra, at the request of ELTF, took up the problems faced by the students while availing education loan with the Prime Minister and Finance Minister on 4th Sep...

12:55 AM

Govt. extends time to submit Interest Subsidy claims of previous years

Indian Bank's Association has issued a guideline, in consultation with Government of India granting extension of time for submission of interest subsidy claim by the banks to the nodal agency.  The students, who did not submit earlier the income certificate for claiming interest...

9:53 PM

IBA directs Banks to reduce harassment of students

The following letter may be downloaded form IBA sitehttp://www.iba.org.in/Documents/cirmembers%2027912.docThe latest IBA scheme may be downloaded from our sitehttp://www.eltf.in/2012/10/education-loan-iba-scheme-effective.htmlChief ExecutiveNo. CE/22027th September, 2012To:Chief...

8:06 AM