<h1>Government Schemes Offer Interest Subsidies on Education Loans for Economically Weaker Students.</h1> All Scheduled Commercial Banks offer education loans with simple interest charged during the study period until repayment begins. The government has launched several schemes to provide interest subsidies for students from economically weaker sections. These include the Central Scheme to provide Interest Subsidy for domestic studies, the Padho Pardesh Scheme for minority students studying abroad, and the Dr. Ambedkar Scheme for Other Backward Classes studying overseas. The Vidya Lakshmi Portal facilitates easy loan applications and tracking, while the Credit Guarantee Fund Scheme offers collateral-free loans up to Rs. 7.5 lakh. This information was provided by the Minister of State for Finance.