Central Sector Interest Subsidy Scheme (CSIS)

The Government of India through the Ministry of Education has introduced the Central Sector Interest Subsidy Scheme (CSIS) to provide financial relief to students during the moratorium period of Education Loans. This scheme is available to students from the Economically Weaker Section (EWS) under the Indian Banks' Association (IBA) Education Loan Scheme, enabling them to pursue Technical or Professional courses in India.

 

Eligibility

 

  • All students whose combined annual family income from all sources does not exceed ₹4.5 lakh per annum
  • Students who want to pursue Technical or Professional courses in institutions accredited or approved by:
  • National Assessment and Accreditation Council (NAAC)
  • National Board of Accreditation (NBA)
  • Centrally Funded Technical Institutes (CFTIs)

 

The maximum subsidy is applicable for loans up to ₹10 lakh irrespective of the sanctioned loan amount.

 

 

List of approved institutions:

 

Centrally Funded Technical Institutes

 

Institutions of National Importance

 

NAAC accredited Universities or Institutions

 

NBA recognised professional courses

 

To apply for the CSIS scheme, please visit Jansamarth Portal

FAQs

What subsidy support should students review along with EMI planning?

Students should review whether they are eligible for the Central Sector Interest Subsidy Scheme (CSIS). ICICI Bank states that eligible students from economically weaker sections may receive interest subsidy during the moratorium period for eligible Education Loans, subject to the scheme terms and loan limit conditions.

What loan forgiveness or subsidy programs exist for students in different countries?

ICICI Bank’s education loan section highlights the Central Sector Interest Subsidy Scheme (CSIS). Under this scheme, eligible students from economically weaker sections with combined annual family income not exceeding ₹4.5 lakh can receive interest subsidy during the moratorium period on eligible education loans, with subsidy applicable for loan amounts up to ₹10 lakh.

How do subsidy schemes like Central Sector Interest Subsidy work?

The Government of India has introduced the CSIS to provide financial relief to students, available to students from the Economically Weaker Section (EWS). Under this scheme, the combined annual family income must not exceed ₹4.5 lakh, and the maximum subsidy is applicable for loans up to ₹10 lakh. The scheme is meant for students pursuing approved technical or professional courses at eligible institutions. To apply for the CSIS scheme, please visit Jansamarth Portal.

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