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/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/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/Institutions

NBA recognised professional courses

To apply for CSIS scheme, Please visit Jansamarth Portal