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The cost of borrowing money or the yield on investments is known as interest. You give the lender interest when you borrow money. However, you get interest on your savings. It’s essential for efficiently managing savings and debt.
Is there any central authority that monitors the performance of the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for OBCs & EBCs?
Yes, the Ministry of Social Justice and Empowerment monitors the performance of the scheme. Learn more here
Can the subsidy be provided for courses that are partly in India and partly abroad under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies?
Yes, if the degree is awarded by a foreign university, the course is eligible for interest subsidy under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies. For more details, visit: Official Scheme Link
Yes, if the degree is awarded by a foreign university, the course is eligible for interest subsidy under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies.
For more details, visit: Official Scheme Link
See lessCan students increase the moratorium period under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for OBCs & EBCs if they have valid reasons?
Yes, with approval from the competent authority, students can extend the moratorium period under the scheme. For more details, visit: Official Link
Yes, with approval from the competent authority, students can extend the moratorium period under the scheme.
For more details, visit: Official Link
See lessIs there a separate fund allocation for female students under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies?
Yes, at least 50% of the total allocation is reserved for female students under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies. However, if there is insufficient demand from female applicants, the reserved funds may be allocated to male students.Read more
Yes, at least 50% of the total allocation is reserved for female students under the Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies. However, if there is insufficient demand from female applicants, the reserved funds may be allocated to male students.
For more details, visit: Official Scheme Link
See less