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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.
The Nodal Bank implements this scheme as per the Memorandum of Understanding (MoU) between the Banks and the Ministry of Social Justice & Empowerment. Link to the Scheme Details
The Nodal Bank implements this scheme as per the Memorandum of Understanding (MoU) between the Banks and the Ministry of Social Justice & Empowerment.
See lessNo, only candidates from the Central List of OBCs are eligible for the interest subsidy. Learn more
No, only candidates from the Central List of OBCs are eligible for the interest subsidy.
See lessYes, the financial and physical performance of the scheme is periodically evaluated through studies conducted by reputed institutions/agencies. Learn More
Yes, the financial and physical performance of the scheme is periodically evaluated through studies conducted by reputed institutions/agencies.
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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 less