| Scheme Name | Central Scheme to Provide Interest Subsidy (CSIS) on Education Loans to EWS Students |
| Ministry | Government of India, Ministry of Human Resource Development, Department of Higher Education |
| Objective | To provide professional education opportunities to students belonging to Economically Weaker Sections (EWS) and address geographical imbalance in Gross Enrolment Ratio (GER) in higher education |
| Study Location | India only |
| Eligible Students | Students belonging to Economically Weaker Sections |
| Eligible Courses | Professional and technical courses |
| Eligible Institutions | NAAC-accredited institutions; professional/technical programmes accredited by NBA; Institutions of National Importance; and Central Funded Technical Institutions (CFTIs) |
| Non-NAAC/NBA Institutions | Institutions/programmes not covered by NAAC/NBA require approval from the respective regulatory body, such as the Medical Council of India for medical courses and Bar Council of India for law courses |
| Bank Coverage | Scheme adopted by all Scheduled Banks |
| Loan Scheme Linkage | Linked with the IBA Model Educational Loan Scheme |
| Parental Income Limit | Maximum ₹4.50 lakh per year from all sources |
| Income Certificate | Income proof must be issued by the designated authority authorised by the respective State Government |
| Interest Subsidy | Full interest subsidy during the moratorium period |
| Moratorium Period | Course Period + 1 year |
| Loan Amount Eligible for Subsidy | For loans sanctioned from 1 April 2018, subsidy is limited to ₹7.50 lakh, irrespective of the sanctioned loan amount, subject to the IBA Model Education Loan Scheme |
| Loan Above ₹7.50 Lakh | Subsidy remains restricted to ₹7.50 lakh; interest on the excess loan amount is not covered by CSIS |
| Earlier Provision | For education loans above ₹10 lakh, the document mentions subsidy up to ₹10 lakh for studies in India up to 31 March 2018 |
| Interest During Moratorium | Government provides the interest subsidy during the moratorium period |
| After Moratorium | After completion of the moratorium, the student has to pay interest on the outstanding loan amount |
| Direct Benefit Transfer (DBT) | Subsidy is credited directly to eligible individual loan accounts through the DBT process |
| Nodal Bank | Canara Bank |
| Subsidy Settlement | Subsidy is settled to accounts whose moratorium period has ended or is ending shortly |
| Mandatory Details for Subsidy Credit | Savings Bank Account Number, Beneficiary Name, IFSC Code, Gender, Category and Moratorium Ending Date |
| Aadhaar | Optional as per the IBA communication mentioned in the document |
| Third-Party Guarantee/Collateral | For loans sanctioned on or after 1 April 2018, records showing third-party guarantee or collateral security are rejected for CSIS subsidy |
| Monitoring | An Interest Subsidy & Credit Guarantee Dashboard is to be maintained by the Nodal Bank |
| Monitoring Data | Applications, sanctions, subsidy released/adjusted, repayments, NPAs and distribution based on geographical, socioeconomic, gender, institution accreditation, category and course |
| Course Completion | The document states that the student must complete the course for the interest subsidy benefit |
| Other Government Scholarship | Students receiving another Central/State Government scholarship or fee reimbursement are not eligible, as stated in the guideline material |
| Discontinuation | Subsidy is not available where the student discontinues the course, except for eligible medical reasons as provided in the guidelines |
| Implementation Period in This Document | Academic Years 2018-19 and 2019-20, starting 1 April 2018 |
| Eligible Institution Lists | The document includes lists/references for Centrally Funded Technical Institutions, Institutions of National Importance, NAAC-accredited institutions and NBA-recognised professional courses |
| Special Institutions Listed | The PDF also contains eligible Central/State Institutes of Hotel Management, Food Craft Institutes and Indian Institute of Tourism and Travel Management (IITTM) |
| Final Note | The document advises borrowers to contact the nearest bank branch for detailed guidelines |
