Scheme:
- Under it, full interest subsidy is provided for education loan taken from Scheduled Banks under Model Education Loan Scheme of Indian Banks’ Association. It is covering a period of course duration + 1 year.
- The educational loan under CSIS is made available for all professional and technical courses in India and students with annual gross parental income up to Rs. 4.5 lakhs.
- The loans are disbursed without any collateral security and third-party guarantee.
Factual Information:
- Launched in April, 2009.