Central Sector Interest Subsidy (CSIS) Education Loan Scheme

What is the CSIS education loan scheme?

Central Sector Interest Subsidy Scheme provides full interest subsidy during the course and moratorium period for EWS students.

What is the family income limit for CSIS?

The annual income of the student's parents from all sources must not exceed ₹4.5 Lakhs to qualify for the interest waiver.

What is the moratorium period in education loans?

The period during the course of study plus 1 year (or 6 months after getting a job) during which the student is not required to pay EMIs.

Do I need to submit an income certificate every year for CSIS?

No, the income certificate must be submitted once at the time of loan application and is valid for the entire course duration.

Which portal is used to apply for education loans and CSIS?

The Vidya Lakshmi Portal (vidyalakshmi.co.in) is the official government platform to apply for loans and check subsidy eligibility.

Are management quota students eligible for CSIS?

No, students who secured admission under management quotas or without passing university entrance tests are not eligible.

Does CSIS cover studies abroad?

No, the interest subsidy is only applicable for professional and technical courses in recognized educational institutions in India.

What happens if a student drops out of college?

If a student drops out or is expelled, the interest subsidy is stopped immediately, and they must pay normal interest from the dropout date.

Is there a limit on the loan amount for CSIS?

The interest subsidy is applicable on education loans up to a maximum limit of ₹7.5 Lakhs, without any collateral.

Which banks offer the CSIS subsidy?

All scheduled commercial banks that follow the Indian Banks' Association (IBA) education loan scheme offer this interest subsidy.

Central Sector Interest Subsidy Scheme on Education Loans