Question : Subsidy on Education Loan

(a) the aims and objectives including salient features of the Central Sector Interest Subsidy
Scheme on educational loans;
(b) the total number of such students who have availed benefits of their scheme
during the last three years and the current year and the percentage of such students
out of the said number, who have availed benefits of their scheme for higher
education in the country particularly in West Bengal and Jharkhand; and
(c) whether the Government has been achieving the aims and objectives of the
scheme ever since its implementation, if so, the details thereof?

MINISTER OF HUMAN RESOURCE DEVELOPMENT
(SHRI RAMESH POKHRIYAL ‘NISHANK’)
(a): Department of Higher Education, Ministry of Human Resource Development is
implementing the Central Sector Interest Subsidy (CSIS) Scheme. The Scheme was launched
in the year 2009 and revised with effect from 01.04.2018.
(i). The aims and objectives of the Scheme are that no student desiring to
pursue higher education is denied of the opportunity if he/she is financially poor. The Scheme
enables students from Economically Weaker Sections (EWS) to access higher education.
(ii). Salient features of the Scheme are as follows:-
<pre>
? The Scheme is based on the Model Educational Loan Scheme of Indian Banks
Association (IBA).
? Scheme provides full interest subsidy during the period of moratorium (course
period plus one year) on Education Loans upto Rs. 7.5 Lakhs taken by
students belonging to Economically Weaker Sections (EWS) under the Model
Educational Loan Scheme of the Indian Banks Association.
? Students enrolled in professional/ technical courses only from National
Assessment and Accreditation Council (NAAC) accredited Institutions or
professional/ technical programmes accredited by National Board of
Accreditation (NBA) or Institutions of National importance or Centrally
Funded Technical Institutions (CFTls) are eligible.
? Parental income ceiling is Rs.4.5 lakh per annum under the scheme.
? Subsidy is admissible only once either for undergraduate or for post-graduate
or for integrated course.
</pre>
(b)
<pre>
Year Total number
of beneficiaries
Total number of
beneficiaries in West
Bengal
Total number of beneficiaries
in Jharkhand
Total Percentage
Total Percentage
2016-17 146632 2724 1.86 2614 1.78
2017-18 132825 2707 2.04 2305 1.74
2018-19 88825 2611 2.94 1872 2.11
2019-20 The Web portal for claiming CSIS subsidy for the FY 2019-20 will be opened
after completion of Financial Year 2019-20.
</pre>
(c) Yes, till date 27,32,169 number of beneficiaries have been benefitted under the scheme
with the total subsidy claim of Rs. 13593.86 crore,which is substantial.
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