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Indian Banks’ Association
Social Banking

No.  SB/ CIR/10-21-ISS/861

5”‘ November,  2014

To: 

The Chief Executives of M...
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Education loan subsidy scheme IBA circular nov 2014

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IBA has issued a notification that SC/ST students can claim education loan interest subsidy till the end of Dec 2014.

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Education loan subsidy scheme IBA circular nov 2014

  1. 1. Indian Banks’ Association Social Banking No. SB/ CIR/10-21-ISS/861 5”‘ November, 2014 To: The Chief Executives of Member Banks Dear Sirs / Madam, MoIIRl) Central Scheme to provide Interest Subsidy on education loan — Opening of CSIS Web portal No. SB/ CIR/10-21-[SS/593 dated 9”‘ September, 2014 regarding submission of primary claims for the year 2013-14. The Government of India, Ministry ofHRD has now informed that funds are not available for catering to claims from General category of students for the year 2013-14. However, the Ministry has clarified that Banks can submit their claims with effect from 1" April, 2009 till Financial Year 2013-14 only in respect of eligible students belonging to SC / ST category. Accordingly, the Nodal Bank vi’/ .. Canara Bank will keep the web portal open with effect from 15' November, 2014 to 315' December, 2014 for lodging the claims. Hence, we request you that only claim pertaining to SC / ST category of students should be lodged including those pending claims from the inception of the scheme i. e. 1“ April, 2009. Member Banks have to ensure that the claims for the year 2013-14 including those pending claims pertaining to SC/ ST category of students should submit within the above mentioned time period. The Ministry and Nodal Bank will NOT entertain claims if not submitted within the stipulated period. We, therefore, request member banks to strictly observe the time zone as above and ensure that the RRBs sponsored by your bank also kept informed ofthe same. Please be guided accordingly with immediate effect. Yours faithfully, T w«‘; ”” (K Unnikrishnan) Dy. Chief Executive Leduiss. cironsubmissionofclainis SC/ ST World Trade Centre Complex Centre 1 6th Floor Cuffe Parade Mumbai 400 005 T ' v v 1 - e| :+9122 2217 4040 F : Website 1 WWw. iba'org. i:‘ - ax +91 22 2218 4222 I 2215 4131

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