Education Loan Subsidy Portal

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Updated: June 17, 2022

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Canarabank.com

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Social Handles

FAQs

1

Is there any subsidy on education loan?

The Ministry of HRD has launched Central Government scheme of Interest Subsidy on educational loans for economically weaker sections of the society. ... The student should belong to Economically Weaker Section (EWS) with an annual gross family income not exceeding Rs. 4.50 Lakh.
2

How do I claim my education loan subsidy?

Education loan Interest Subsidy
Interest paid on education loan for study can be claimed as deduction under Section 80E of the Income Tax Act, 1961. Interest paid on education loan for study can be claimed as deduction under Section 80E of the Income Tax Act, 1961.
3

Who is eligible for education loan subsidy?

The scheme is applicable to students belonging to Economically Weaker Sections, i.e. students whose annual gross parental income is up to Rs. 4.5 lakhs. Subsidy is admissible only once either for undergraduate or post graduate or integrated course.
4

Is there any subsidy in SBI education loan?

The Scheme is available to students whose parents or family's gross income is a maximum of Rs. 4.50 lakhs annually. The Scheme is available to students who take education loan for studying a professional or technical course in India. ... The interest subsidy is available to students only once.
2. Vidyalakshmi.co.in

Vidya lakshmi

https://www.vidyalakshmi.co.in/

The process to apply for education loans is fast and easy with the help of Vidya Lakshmi. ... It is the best portal to apply for loans,gives access to all bank ...

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