Canara Bank
Education Loan Interest Subsidy

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 want MHRD to take strict steps to punish these banks. Please send me some clarification about the details.

Company: Canara Bank
Country: India
State: Karnataka
City: Bangalore

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