Eligibility Criteria

  • Only for Education Loan availed from Scheduled Banks for Pursuing any of the approved courses after Class XII in Technical and Professional streams from recognized institutes in India under the Education Loan Scheme of IBA
  • Students belonging to Economically Weaker Sections with annual gross parental / family income from all sources with an upper limit of Rs. 4.50 lac. Certificate to this effect issued by authorized officers of State Government is to be submitted.
  • Scheme is applicable for the loan amount availed from 1st April, 2009 
  • For loans sanctioned prior to 1st April, 2009 only amounts disbursed after the above period are eligible
  • The current schedule is open to claim subsidy for moratorium period 1 April'22 to 31 March'23.
  • From 01.04.2022 onwards, case with sanctioned limit above Rs 10.00 lakhs, interest portion up to Rs 10.00 lakhs is eligible.


List of eligible Technical / Professional courses is available on below  websites: