Central Sector Interest Subsidy (CSIS): Who Qualifies and What You Get
Learn how students from economically weaker sections can receive interest subsidies on education loans during their study period.
This scheme provides financial support to students from economically weaker backgrounds to help cover the interest costs on their education loans.
Who it's for
This support is available to students from economically weaker sections of society who are pursuing professional or technical courses.
What you get
You receive a full subsidy on the interest charged on your education loan. This benefit applies specifically during the moratorium period, which is the timeframe during your studies and the period immediately following graduation before you begin full repayments.
What it costs you
There is no direct fee for this subsidy, but you will need to provide specific documentation. You will need to submit an income certificate and a loan sanction letter from a scheduled bank to prove your eligibility and loan status.
The catch to know
This subsidy is not automatically applied to every education loan. It is only available if your loan was taken under the IBA Model Education Loan Scheme.
How to apply
- Apply for an education loan through a scheduled bank.
- Ensure your loan falls under the IBA Model Education Loan Scheme.
- Provide your income certificate to the bank to prove your financial status.
- Submit your loan sanction letter as part of your application.