Education Loans for Engineering Students
The India Banks’ Association (IBA) had circulated a Model Educational Loan Scheme for implementation to its member banks with broad operational guidelines. Banks may adopt the scheme with discretion to make changes as deemed fit.
The scheme is for all Indian Nationals who have secured admission to professional/technical courses in India or abroad through an entrance test/merit based selection process.
As per the scheme, the assessment of the educational loan is based on the employability and earning potential of the student upon completion of the course.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.
Tags: education loan, FINANCE MINISTRY, INCOMETAX, FINANCE
Education Loans for Engineering Students
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.Okay good, but not very good. why?
The scheme is for engineering student all Indian Nationals who have secured admission to professional/technical courses in India or abroad through an entrance test/merit based selection process.As per the scheme, the assessment of the educational loan is based on the employability and earning potential of the student upon completion of the course.
Could not understood, whether the said scheme is applicable to BSc or MSc degree student? if YES!
Can the said scheme is applicable for distance learning student? If YES!
Can any govt employee can apply for the same? if YES!
What will be criteria? Where to contact for application form? What documents are required to submit with application? What is the last date for submission of application?