State Bank Of Mysore — Interest Subsidy Scheme for Education Loans

Address:Tirupur, Tamil Nadu

Hello, I'm Roopa Selvanayaki.M. I got education loan from the State Bank of Mysore Avinashi branch at 2009. According to the Prime minister Modi's Interest Subsidy Scheme for Education Loans, Interest subsidy is available for loans disbursed on or after 1st April, 2009. But in this branch, they are saying like upto study period only interest will be cancelled and in the loan payment period, 12% interest have to be paid. I just want this information is true or not. Is there any need to pay interest during repayment? Please kindly provide me the detailed information about the loan interest subsidy during repayment period. Thank you.,
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ok, as for my knowledge is concerned whatever the banker said to you is RIGHT.for more clarifications on this scheme click on the link below
https://www.sbi.co.in/portal/web/student-platform/interest-subsidy

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