https://www.taxtmi.com/news?id=14231 The Model Education Loan Scheme gives banks broad operational guidelines while allowing implementing banks discretion to adapt terms. The scheme currently lacks income based flexible EMI options, but permits moratorium period extensions and loan tenure extensions. Banks report they do not typically pursue settlement in alternative dispute forums immediately after default; chronic defaults may be offered settlement on mutually agreed terms through alternative dispute resolution. en-us Sat, 21 Mar 2015 12:45:50 +0530 Sat, 21 Mar 2015 12:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14231 The Model Education Loan Scheme gives banks broad operational guidelines while allowing implementing banks discretion to adapt terms. The scheme currently lacks income based flexible EMI options, but permits moratorium period extensions and loan tenure extensions. Banks report they do not typically pursue settlement in alternative dispute forums immediately after default; chronic defaults may be offered settlement on mutually agreed terms through alternative dispute resolution. News - Sat, 21 Mar 2015 12:45:50 +0530 https://www.taxtmi.com/news?id=14231