Government Schemes
Central Sector Interest Subsidy (CSIS) Scheme: Free Interest During Studies
Under CSIS, the government pays the interest on your education loan while you study. Find out if you qualify and how to claim this benefit.
What is the CSIS Scheme?
The Central Sector Interest Subsidy (CSIS) scheme, launched by the Ministry of Education, provides full interest subsidy on education loans during the moratorium period (course duration + 1 year) for eligible students from economically weaker sections.
Eligibility Criteria
- Annual family income must be below ₹4.5 lakh
- Student must have taken a loan under the IBA Model Education Loan Scheme
- Admission must be in a technical or professional course at a recognised institution
- The student must not have failed or dropped out
How Much Is the Subsidy?
The government pays the entire interest accrued during the moratorium period directly to the lending bank. This can save students ₹1-3 lakh in interest depending on the loan amount.
How to Apply
Apply through the Canara Bank-operated portal (linked via Vidya Lakshmi). Your bank will verify your income and institution details before forwarding the subsidy claim.