Education loan subsidy scheme IBA circular nov 2014
Indian Banks’ Association
No. SB/ CIR/10-21-ISS/861
5”‘ November, 2014
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
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.
T w«‘; ””
Dy. Chief Executive
Leduiss. cironsubmissionofclainis SC/ ST
World Trade Centre Complex Centre 1 6th Floor Cuffe Parade Mumbai 400 005 T
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