TaxTMI 
TaxTMI 
Write off education loans given to the poor and middle class family students who could not get employment
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....rite off education loans given to the poor and middle class family students who could not get employment <br>News and Press Release<br>Dated:- 25-11-2016<br><BR>Press Information Bureau Government of....
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.... India Ministry of Finance 25-November-2016 17:24 IST Government has no Plan to write off education loans given to the poor and middle class family students who could not get employment. However, f....
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....or the students belonging to economically weaker sections, an interest subsidy scheme on educational loans is in place. Under the scheme during the period of moratorium full interest subsidy is availa....
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....ble for educational loans disbursed on or after 1st April, 2009. The Indian Banks' Association (IBA) has formulated a Model Educational Loan Scheme for adoption by banks. As per the scheme, Banks may....
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.... also provide additional moratorium upto 6 months at a time taking into account spells of under-employment/unemployment during the tenure of the loan. Government of India has launched a Credit Guaran....
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....tee Fund Scheme for Education Loans (CGFSEL) wherein collateral free loan is given upto ₹ 7.5 lakh. The fund provides guarantee against default in repayment of education loans to the extent of 7....
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....5% of the amount in default. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today. ***** DSM/KA<BR> News - P....
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....ress release - PIB....