[Attachment(s) from Prime Point Srinivasan included below]
IMPORTANT - PLEASE CIRCULATE TO REACH MAXIMUM EDUCATION LOAN STUDENTS
Ministry of Human Resources Development (MHRD), Government of India has advised Canara Bank, Nodal Bank to open the Web portal to enable the banks to submit the Education Loan Interest Subsidy claims for the FY 2016-17 from 23rd August 2017 to 23rd November 2017.
All the students who have availed Education Loan from the Banks under Indian Banks' Association (IBA) Scheme to pursue professional / technical courses in India are eligible to avail the full interest subsidy, if the annual parental income is less than Rs.4.50 lakhs. It is enough, if the parents submit the income certificate signed by the competent authority at the time of availing the loan. As per Central Scheme to provide Interest Subsidy (CSIS) for Education Loans, MHRD provides full interest subsidy to the eligible students during the study period plus one year moratorium period.
In the past, several banks did not claim subsidy to the eligible students due to lack of knowledge about CSIS Scheme among the bank officials. Many eligibl students did not get the subsidy. ELTF has been repeatedly taking up with Ministry directly and also through Parliament Members. Now, IBA has directed all the Banks to provide training to all the Bank officials on the CSIS Scheme and to ensure claims are submitted in time without errors.
Canara Bank has opened the web portal on 23rd August 2017 and it will remain open till 23rd November 2017. It is the responsibility of the Banks to submit the claims properly within the due date. If the Banks do not submit the claims, the eligible students may be denied the subsidy. In view of this, the eligible students, in their own interest, may meet the respective Branch managers and handover a letter under copy to the Zonal Manager of the Bank requesting them to submit the claim in time. If any Bank fails to submit the claims in time for eligible student borrowers, the students can seek legal remedy through District Consumer Disputes Redressal Forum of their District for deficiency of service claiming damages and compensation. Students can also approach the Banking Ombudsman of RBI for redressal of grievances.
The copies of the notification are attached.
K. Srinivasan
Convenor
Education Loan Task Force (ELTF)
__._,_.___
Attachment(s) from Prime Point Srinivasan | View attachments on the web
2 of 2 File(s)
Posted by: Prime Point Srinivasan <prpoint@gmail.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (1) |
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.
Please visit the website http://www.indiavision2020.org to read inspiring articles of eminent personalities
.
__,_._,___
0 comments:
Post a Comment