Interest of study Loan Exemption , Major Liabilities Reduction For the Student

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It’s a good News for all the Student who have taken the Study Loan before March 31 of 2009.  All the Interest Part of the Study loan will be exempt for the student those are not paid the loan due to financial instability. The Interim Budget will give the relaxation and spread the smile among the students.

Finance Minister P Chidambaram , Exempt Interest of the Study loan up to December 31 , 2013 taken before March 31 of 2009 . The Govt will take over all the liabilities of students . Rs 2600 crore interest will be waved off and nearly 9 lakh students would be get benefit out of that.

According to Mr P Chidambaram, education loan portfolio of the nationalized banks stands around Rs 57700 crore  in 2570254 loan accounts.

All those students will get benefit of the subsidy of the Govt .

Due to the Bad condition of the market , most of the students are not paid their study loan . Since 5 year the job market is also not  favorable for the students.

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Campustwist is an Education Insider will provide Education News and Information Directly from Institute to Study seekers.