https://www.taxtmi.com/news?id=12415 A moratorium for education loans taken up to 31.3.2009 and outstanding on 31.12.2013 places liability for interest outstanding as on 31.12.2013 with the government, while borrowers must pay interest accruing after 1.1.2014. Funding is provided in the interim budget and will be transferred to a public sector bank to implement the relief, targeting borrowers who borrowed before the central interest subsidy scheme and addressing the substantial stock of student loan accounts and outstanding balances in public sector banks. en-us Mon, 17 Feb 2014 12:45:57 +0530 Mon, 17 Feb 2014 12:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12415 A moratorium for education loans taken up to 31.3.2009 and outstanding on 31.12.2013 places liability for interest outstanding as on 31.12.2013 with the government, while borrowers must pay interest accruing after 1.1.2014. Funding is provided in the interim budget and will be transferred to a public sector bank to implement the relief, targeting borrowers who borrowed before the central interest subsidy scheme and addressing the substantial stock of student loan accounts and outstanding balances in public sector banks. News - Mon, 17 Feb 2014 12:45:57 +0530 https://www.taxtmi.com/news?id=12415