Current Affairs - Banking - Discussion

The Canara bank opened a portal to claim education loan interest subsidy for the financial year 2017-18. The Portal will be opened till 28, 2018. This is under the Central sector interest subsidy (CSIS) scheme implemented by the Union Ministry of HRD which was started in 2009. Full interest subsidy is provided to the eligible students for the course period plus one year for loans up to Rs.7.5 lakh and This is applicable to students from an Economically Weaker section having parental income upto Rs.4.5lakhper annum.