Indian Banks’ Association
December 16, 2022
Discontinuation of Padho Pardesh Interest Subsidy Scheme on Education Loans for Overseas Studies for the students belonging to the Minority Communities
The Ministry of Minority Affairs (MoMA), Government of India (GOI) have conveyed that the scheme of interest subsidy on Education Loans for the students undertaking studies abroad/ Overseas, belonging to the Minority Communities (Padho Pardesh), through Canara Bank stands discontinued from 2022-23.
2. The existing beneficiaries as on 31-03-2022 will continue to receive the interest subsidy during the moratorium period of the loan, subject to the compliance with the extant guidelines. The students concerned in this regard are requested to approach their respective Banks for any
queries.
Senior Advise
Retail & Social Banking
https://www.iba.org.in/circulars/discontinuation-of-padho-pardesh-interest-subsidy-scheme-on-education-loans-for-overseas-studies-for-the-students-belonging-to-the-minority-communitie_1400.html
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