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7. Nodal Bank
The scheme shall be implemented through Canara Bank, which is the Nodal Bank for
the Ministry of Human Resources Development.
8. Applicable Academic Year
Scheme is implemented on ongoing basis from the academic year 2009-10 starting
from 01.04.2009. Loan disbursed after 01.04.2009 irrespective of date of sanction
shall only be covered under the scheme. In case of loans sanctioned prior to
1.4.2009, for the courses beginning prior to academic year 2009-10, the interest
subsidy is available to the extent of disbursements made after 1.4.2009.
9. Subsidy claims lodgement with Nodal Bank/MOHRD.
Subsidy claims to be lodged with Nodal Bank /MOHRD on half-yearly or yearly basis
within a given period of time provided by a MOHRD.
Claims of earlier years cannot be lodged now as Web Portal is blocked for
submission of pending claims.
Presently Nodal Banks Web Portal is opened till 31.12.2014 for lodgment of
Pending Claims for the F.Y. 2009-10, 2010-11, 2011-12, 2012-13 & 2013-14
for SC & ST category students.
For further details eligible students have to contact the BOI Branch from
where he/she had availed educational loan along with Income Certificate
issued by competent authority.