State Bank of India — Education loan interest subsidy scheme

Address:

Bangalore, Karnataka

I have taken an education loan from SBI Bannerghatta Branch. MHRD has now come up with "Education Loan Subsidy Scheme" for students. The bank communicated us about a wrong limit (which they say is 10 lakhs). There is no mention of the same anywhere on MHRD site. When I talked to manager regarding this, his behaviour was very abrupt and told that this was the communication from Canara Bank which is selected as a nodal contact for executing the same. I donot understand how the limit can be 10 lakhs when IIMs charge more than 12 lakhs as fees only. I have already complained about the same to MHRD & Canara Bank. SBI people behave very immature and shocking way. I want a clarification.