ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA

Transcription

1 ANDHRA PRAGATHI GRAMEENA BANK HEAD OFFICE :: KADAPA Circular No BC-CD Date: Central Scheme to provide Interest Subsidy for the period of moratorium on Educational Loans taken by students from economically weaker sections(ews) from scheduled banks under the Model Education Loan Scheme of IBA Education is a pivot for human resources development and essential for development of society. With a view to maximize assistance to students and to broad base it, the Bank has liberalized Education Loan Scheme in tune with guidelines communicated by the Sponsor Bank from time to time in view of importance given by Government of India and Reserve Bank of India to education. Under Education Loan Scheme Pragathi Vidya, the Bank is making available financial assistance to needy and deserving students who desire to prosecute higher education without any delay on easy terms and conditions. Ministry of Human Resource Development, Dept. of Higher Education, Govt. of India have announced a scheme to provide Interest Subsidy for the period of moratorium on Education Loans taken by the students from economically weaker sections from scheduled banks under Educational Loan Scheme. The Scheme is effective from the academic year and that loans disbursed in would be covered under the Scheme. The Scheme is an on-going Scheme. The guidelines of the scheme have been approved by the Board in the meeting held on The scheme is applicable only for studies in recognized Technical/Professional courses in India and to those students belonging to economically weaker sections with an annual gross parental /family income up to Rs.4.50 lacs per year (from all sources). The Educational Loans for recognized Technical /Professional courses sanctioned up to Rs lacs only will be eligible under the scheme. The scheme is applicable for the loans disbursed on or after and will be limited to studies in recognized Technical/Professional courses in India after class XII in Educational Institutions established by Acts of Parliament, other institutions recognized by the concerned Statutory Bodies, Indian Institute of Management (IIMs) and other Institutions set up by the Central/State Government. Detailed guidelines/features of the captioned scheme are furnished hereunder.

2 1. INTRODUCTION: One of the major concerns of the Government is to ensure that nobody is denied professional education, because he or she is poor. The Indian Banks' Association (IBA) has formulated a comprehensive Model Education Loan Scheme for adoption by all Banks, aimed at providing financial support from the Banking system to deserving/meritorious students for pursuing higher education in India and abroad. The Government of India has now approved a scheme to provide full interest subsidy during the period of moratorium i.e. course period plus one year or six months after getting the job, whichever is earlier, on loans taken by students belonging to economically weaker sections(ews) from the Scheduled Commercial Banks under the Educational Loan Scheme of the Indian Banks' Association for pursuing any of the approved courses of studies in technical and professional streams from recognized institutions in India. 2. OBJECTIVE OF THE SCHEME: The nomenclature of the scheme would be "Central Scheme to provide Interest Subsidy (CSIS) or the period of moratorium on Educational Loans taken by students from Economically Weaker Sections from Scheduled Banks under the Educational Loan Scheme of the Indian Banks' Association to pursue Technical/Professional Education studies in India". 3. APPLICABILITY OF THE SCHEME: The scheme would be applicable only for studies in recognized Technical/Professional Courses in India. The interest subsidy shall be linked with the existing educational loan scheme and restricted to students enrolled in recognized Technical/Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other institutions recognized by the concerned Statutory Bodies, Indian Institutes of Management (IIMs) and other institutions set up by the Central /State Government. 4. INTEREST RATES: The interest rates charged on the educational loan shall be the rates approved by the Board from time to time. 5. MORATORIUM PERIOD: Under the Central Scheme, the interest payable by the student belonging to EWS for availing of educational loan for Technical/Professional courses in India for the period of moratorium i.e., course period plus one year or six months after getting job, whichever is earlier, as prescribed under Educational Loan Scheme of the IBA, will be borne by the Govt. of India. After the period of moratorium is over, the interest on the outstanding loan amount shall be paid by the student, in accordance with the provisions of the existing educational loan scheme of banks and as may be amended from time to time, whichever is earlier. 6. FIXATION OF EMI ON THE LOAN: The interest portion of the loan will be reimbursed to the Bank upon periodical submission of claims at half-yearly/ yearly till the end of moratorium period. During moratorium period, interest debited to the account will be kept separately and reimbursement from GOI under the scheme will be sought. With regard to repayment of principal amount and charges, if any, debited to the loan account besides interest accrued after moratorium period, EMI will be suitably fixed for the period of the loan not exceeding 7 years.

3 7. INCOME LIMIT/PROOF: The benefits of the scheme would be applicable to those students belonging to economically weaker sections, with an annual gross parental/family income upper limit of Rs.4.50 lacs per year (from all sources). Income proof shall be required from the students from such Public Authorities which are authorized by the State Governments, for certification of income status for this scheme, including Central and State Sector Schemes. The scheme is intended to cater to the needs of the students belonging to economically weaker sections with prescribed upper parental gross income limit of the family from all sources, which is based on the economic index and not on social background. The scheme is independent of any other schemes, which cater to EWS. 8. COMPETENT AUTHORITY: Ministry of HRD, GOI have already issued instructions to the State Governments to designate the appropriate authority or authorities, who are competent to issue income certificates based on economic index and not on social background, for the purpose of the scheme. Accordingly the Chief Commissioner of Land Administration, A.P., Hyderabad, vide letter no. C3/681/2010 dt advised all the District Collectors in the state to issue immediate instructions designating the Thahasildars as the Competent Authority for issuing Income Certificates. 9. ELIGIBILITY: The interest subsidy under the scheme is available to the eligible students only once, either for the first undergraduate degree course or the post graduate degrees/diplomas in India. Interest subsidy, however, will be admissible for integrated courses (graduate +post graduate) also. Interest subsidy under the scheme will not be available for those students once they discontinue the course midstream or who are expelled from the institutions on disciplinary or academic grounds. However, the interest subsidy will be available only if the discontinuation was due to medical grounds for which necessary documentation to the satisfaction of the Head of Educational Institution will have to be given. 10. AWARDS/CERTIFICATES: There will be tag/marker on the degree of the student indicating his repayment liabilities. The Electronic Tags will enable the employers to identify loanees. Ministry of HRD has initiated a process of setting up of a depository for maintaining the records in dematerialized form and providing services to the users i.e. banks and employers. This measure is aimed at eliminating the fraudulent practices like forging of certificates and marks sheets. 11. NODALBANK: Canara Bank has been nominated as the Nodal Bank by the Ministry of Human Resource Development, for implementation of the scheme.

4 12. APPLICABLE ACADEMIC YEAR: The scheme shall be applicable from the academic year starting 1 st April The scheme shall be applicable only in respect of disbursements made by the Banks on or after l sl April, 2009 for the academic year , irrespective of date of sanctioning. However, the interest on disbursement made from is eligible for interest subsidy. For example, in case of loans sanctioned prior to , for the courses beginning prior to academic year , the interest subsidy is available to the extent of disbursements made after ELIGIBLE TECHNICAL/PROFESSIONAL COURSES: Ministry of Human Resource Development in consultation with the concerned Ministries/Departments and Indian Banks' Association will bring out the list of Technical/Professional courses, for which the scheme shall be applicable and publicize from time to time. As regards list of accredited Universities/Institutions and recognized professional courses, UGC and AICTE will display the names of such institutions and courses in their websites. As regards the issue of the list of recognized/approved Courses/Institutions to Banks, it is clarified by Ministry of Human Resource Development (MoHRD), Govt. of India that a fresh list is not necessary since the banks are already sanctioning Educational Loans through the IBA Educational Loan Scheme. Banks may follow the list maintained by them under the IBA loan scheme and in case of doubt, the Association of Indian Universities or MoHRD be approached. 14. MONITORING: Ministry of HRD will evolve monitoring mechanism to monitor the benefits accruing to different categories of the loanees, such as Scheduled Castes, Scheduled Tribes, Minorities, and Disabled etc. 15. CLAIMS BY RRBS: RRBs should submit their claim directly to Canara Bank; the nodal Bank through Regional Offices. 16. DISBURSEMENT OF INTEREST SUBSIDY CLAIMS: The disbursement of interest subsidy claims will be on half-yearly or yearly basis, as decided by the Ministry of HRD, Govt. of India. Following annexures are enclosed: (1) Draft of the letter to be sent to all the eligible borrowers by the branches - Annexure 'A' (2) Draft Format of Income Certificate to be submitted by the student - Annexure-'B (3) Format of Agreement (on Rs.100/- stamp paper) to be executed between the Parent/Guardian, Student & the Branch -Annexure-'C'.

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6 (4) Certificate and Undertaking by the Branch- Annexure - 'D' (5) Format of letter to be sent to Canara Bank on behalf of claims of our Bank- Annexure E' (6) Information to Public to be given about the Scheme- Annexure -'F' (7) Details of eligible loans to be prepared by the branches - Annexure G'. 17. AUDIT: Statutory Audit of the accounts coinciding with the Annual Statutory Audit of the Bank should be conducted once a year. 18. WHAT BRANCHES/REGIONAL OFFICES NEED TO DO? The branches should go through the Educational Loan portfolio and contact those borrowers who have been disbursed loans/ instalments during and explain the scheme details. A letter by Regd A/D as per Annexure 'A' enclosed should be sent by the branches to all the education loan borrowers, where the disbursements have taken place from detailing the scheme so that eligible borrowers would come forward with the necessary documents to claim subsidy. A copy of the letter along with Acknowledgement card shall be preserved with the loan documents. The branches shall ensure that the letters are sent to all the eligible borrowers before The exercise of sending letters should be monitored by a designated Nodal officer at the Regional office, who would ensure that no eligible borrower is left out. The income certificate shall be obtained from the Tahasildar, who is the Competent Authority. A draft format of the Income Certificate to be obtained from the authority concerned is enclosed as Annexure-'B'. The Certificate should be kept safely along with the loan agreement (Xerox copy in the party file). The stamped agreement as per Annexure-'C' shall be executed by the borrowers/parents while claiming subsidy and the same shall be kept along with the loan agreement. ROs should ensure that due publicity is given for the Scheme so that all eligible borrowers get timely information of the scheme and produce the necessary documents to the Bank for claiming subsidy. IBA has forwarded a standard format to be displayed at the branches giving information about the Interest

7 subsidy scheme (Annexure-'F').Regional Offices/Branches should arrange to display the information prominently. IBA will also arrange to release advertisement in news papers. The interest shall be reimbursed to the borrowal accounts only after the same is received from the Govt. The branches should start the exercise and prepare the details of eligible loan accounts as on (For the period from to )as per Annexure-'G' enclosed and submit the same to the respective ROs by along with Annexure- D. ROs shall submit the branch-wise consolidated statement to Head office for the year i.e., for the period from to before along with Certificate and Undertaking as per Annexure-'D' of the circular to enable us to claim subsidy through Canara Bank, which is appointed as Nodal Bank by Govt. of India. The modalities for claiming Interest Subsidy- half yearly/yearly is being worked out by the Nodal Bank - Canara Bank. The same will be informed to the branches on receipt from them. As per the instructions of the Ministry, all the Banks are required to monitor the benefits accruing to different categories of loanees under the Scheme. For better statistical reference and collation of data, information pertaining to beneficiaries in respect of the categories to which they belong, namely Scheduled Castes, Scheduled Tribes, Minorities, Other Backward Classes and Others; along with sub-classification in terms of gender, differentlyabled/persons with disabilities as well as the disciplines/programmes of study, year of enrolment and programmes as also the specialization of study, institutions, locations, State-wise and branch-wise, shall be maintained. Branches/Offices are advised to maintain accurate MIS covering the above details account-wise and branch-wise immediately so that the data shall be readily available for furnishing to appropriate authorities as and when asked. Clarifications required, if any, on this circular may be sought from Credit Department, Head Office, Kadapa, through respective Regional Office, as per extant guidelines. (K.PREETAM LAL)

8 CHAIRMAN Cir.No BC-CD Date: Annexure - 'A (Draft of the letter to be sent to eligible Education Loan borrowers) ANDHRA PRAGATHI GRAMEENA BANK BRANCH Ref. No. Date: To Dear Sir / Madam, EDUCATION LOAN - GOVT. INTEREST SUBSIDY SCHEME FOR ECONOMICALLY WEAKER SECTION (EWS) - LOAN ACCOUNT NO. We are glad to inform that the Central Government has introduced a scheme for providing interest subsidy on Education Loans during moratorium for technical and professional courses (after class XII) for studies in India from recognized institutions in India under the IBA Model Education Loan Scheme for students from Economically Weaker Sections (EWS) with annual gross parental/family income upto Rs.4.50 lakh, from the academic year Applicability of the Scheme: The scheme would be applicable only for studies in recognized Technical/Professional courses in India. The interest subsidy shall be linked with the existing Education Loan Schemes of IBA and restricted to students enrolled in recognized Technical/Professional courses (after class XII) in India in Educational institutions established by Acts of Parliament, other institutions recognized by the concerned Statutory Bodies, Indian Institutes of Management (IIMs) and other institutions set up by the Central/State Government. The maximum loan limit under Education Loan Scheme of IBA for studies in India is Rs.10 lacs. Moratorium period: The subsidy is provided for the period of moratorium i.e. course period plus one year or six months after getting job, whichever is earlier or as prescribed under Education Loan Scheme. After the moratorium period is over, the interest on the outstanding loan amount shall be paid by the student in accordance with the provisions of the Education Loan Scheme. Criteria for Economically Weaker Section: The benefit of the scheme would be applicable to those students belonging to economically weaker sections with an annual gross parental/family income with upper limit of Rs.4.5 lacs per year (from all sources). Income proof shall be required from the students from such public authorities which are authorized by State Governments for certification of income status for this scheme, including Central and State Government schemes. The present scheme is intended to

9 cater to the needs of students belonging to economically weaker sections with prescribed upper parental gross income limit of the family from all sources, which is based on economic index and not on social background. The scheme is independent of any other schemes which may cater to Economically Weaker Section. Competent Authority to issue Certificate: The Ministry of HRD, Government of India has issued an Advisory to all the State Governments requesting them to designate appropriate authority or authorities who are competent to issue income certificates, based on economic index and not social background for the purpose of this scheme. The Banks shall implement the scheme based on the notification of the certification authority by State Governments communicated through District Level Consultative Committees (DLCCs). A format for issue of uniform certificate is enclosed. Cir.No BC-CD Date: Eligibility for Interest Subsidy: The interest subsidy under the scheme shall be available to the eligible students only once either for the first undergraduate degree course or the post graduate degree/diploma in India. Interest subsidy shall however, be admissible for integrated courses (graduate plus postgraduate). Interest subsidy under this scheme shall not be available for those students once they discontinue the course midstream, or who are expelled from the institutions on disciplinary or academic grounds. However, the interest subsidy will be available only if the discontinuation was due to medical grounds for which necessary documentation to the satisfaction of the Head of educational institution will have to be given. Applicable Academic Year: The scheme shall be applicable only in respect of disbursements made by the bank on or after from the academic year , irrespective of date of sanction. In respect of the courses started and loans availed prior to , the subsidy is available to the extent of disbursements made after Nodal Bank: The scheme shall be implemented through Canara Bank, which is the Nodal Bank for the Ministry of Human Resources Development. The subsidy claim will be lodged with Canara Bank which in turn will claim the same from Ministry of Human Resources Development and send to Andhra Pragathi Grameena Bank. The interest subsidy amount will be credited to the education loan account only after receipt from the Government through Canara Bank. If you are eligible for subsidy, you may submit the required documents for claiming the interest subsidy. For any further details, you are requested to contact our branch. Yours faithfully, Head of the Branch

10 o0o0o Cir.No BC-CD Date: Annexurc - 'B' (Draft format of Income Certificate to be submitted by the student) (OFFICE OF THE TAHSILDAR) CERTIFICATE This is to certify that Sri/Smt. S/o or D/o resides at, His/Her annual gross family income from all sources for the year is Rs. (Rupees only). This Certificate is issued for the purpose of claiming Interest Subsidy under the Scheme of the Ministry of HRD for pursuing approved courses of studies in Technical & Professional streams from recognized Institutions in India, for his son/daughter Mr./Ms. The signature of Sri/Smt. is attested here below: Signature: Place : Date : Signature of Tahsildar/ Competent Authority Name:

11 Seal o0o0o Cir.No BC-CD Date: Annexure- C (Format of Agreement to be executed between the Parent/Guardian, Student and the Branch) AGREEMENT (To be stamped as an Agreement) (Between the student and the branch of the Bank) This Agreement for availing of interest subsidy under the Central Sector Scheme of Interest Subsidy on student's loan for Professional Education in India made at on this day of in the year. BETWEEN Sri/Smt. (Parent/Guardian), S/o or D/o aged years, residing at. AND Sri/Smt. (Student), S/o D/o aged years, residing at represented by father/guardian Sri/Smt. S/o D/o aged years, residing at. Parent and Student hereinafter jointly called "the Borrowers" and individually as Borrower of the first part (which term wherever the context so requires or admits shall also include his/her/their heirs, executors and assigns). AND Andhra Pragathi Grameena Bank, a Bank constituted and functioning under the Regional Rural Bank Act, 1976 having its Head Office at Kadapa and having among other offices, a branch office at represented by their duly constituted attorney Sri/Smt. hereinafter referred to as 'the Bank' (which expression wherever the context so requires or admits shall also include its Attorneys, Administrators, Successors and Assigns) of the other part. Borrowers and Andhra Pragathi Grameena Bank shall be individually referred to herein as a 'Party' and collectively as 'Parties'. WHEREAS, 1. The Borrowers availed/intend to avail Educational Loan from the Bank and the Bank sanctioned/agreed to sanction Rs. (Rupees ) for pursuing technical/professional education in India. The Borrowers in consideration of the said

12 sanction/promise has executed/shall execute the Educational Loan Agreement, besides such other agreement/s or security/ies as per the Model Educational Loan Scheme. 2. Integrated Finance Division, Department of Higher Education, Ministry of Human Resource Development, Government of India (MoHRD) has come out with a Central Sector Scheme of Interest Subsidy on Students' Loan for Technical/Professional Education in India (hereinafter called the Interest Subsidy Scheme) to provide interest subsidy on the education loans availed by students having lower than a specified parental income as decided by the MoHRD in the said Scheme for pursuing professional education India, during their study/repayment holiday, from the Academic Year Cir.No BC-CD Date: The Borrowers represented that they are eligible for interest subsidy under the said Interest Subsidy Scheme and requested the Bank to grant such benefit to them. 4. Based on the documents submitted by the Borrowers, the Bank agreed to extend the benefit under the said Interest Subsidy Scheme to the Borrowers and the parties hereto desire to enter into an agreement setting out the terms and conditions as hereinafter appearing in addition to the loan/security documents executed/to be executed by the Borrower/s. IT IS HEREBY AGREED AND DECLARED BY AND BETWEEN THE PARTIES AND THIS DEED WITNESSETH AS FOLLOWS: The borrowers hereby covenant: (a) That they have read and understood the Interest Subsidy Scheme of the MoHRD which is enclosed as part of this Agreement and declare and affirm that they are eligible under the said Scheme and are eligible for the interest subsidy as per the said Scheme. (b) That they shall produce all proof and documents or any other further/supporting documents as required by the Bank/MoHRD. (c) That all the clauses contained in the Educational Loan Agreement or any other documents executed by them shall be binding on them and this is in addition to the covenants/clauses contained in the said Agreement/documents. (d) That they shall return/refund the amount received towards interest subsidy under the Scheme, with applicable rate of interest then prevailing, forthwith on a mere demand by the Bank under the following circumstances: i) if MoHRD rejects the interest subsidy claim in respect of their Educational Loan Account for whatever reason; or ii) if it is found that the subsidy has been claimed by misrepresentation/fraud; or iii) if Borrower/s fail/s to furnish the documents/information, which they are called upon to furnish; or iv) if Borrowers commit breach of any of the covenants herein contained or of the terms and conditions of the Scheme as amended from time to time or any of the declarations made herein is found false/incorrect; or v) if Borrowers commit breach of any of the covenants contained in the Educational Loan Agreement or any other document/s executed by the Borrower/s; or vi) if the Borrower/s discontinue the said professional education in India; or vii) Any other reason by which the Bank recalls the said Educational Loan.

13 The repayment holiday/other eligibility as is available under the Model Educational Loan Scheme shall not be eligible for the subsidy. The Bank shall also have the right to recall the loan, if the said refund is not made within the period stipulated by the Bank in its demand, besides the right not to claim further reimbursement from the MoHRD. (e) That they shall directly take up with MoHRD, in case of rejection of their interest subsidy claim submitted by the Bank and the Bank shall not be made a party to the same. Borrowers shall, on receipt of such intimation from the Bank/MoHRD, submit further clarification/documents, if any, required by the MoHRD directly to MoHRD. Cir.No BC-CD Date: (f) That they shall comply with and faithfully observe all the terms and conditions of the said Interest Subsidy Scheme and also all the subsequent amendments and modifications and additions thereto together with the conditions of the sanction of the said Educational Loan. (g) That they shall bear all expenses required in connection with the execution of the Agreement or enforcement of its terms and conditions. IN WITNESS WHEREOF BORROWERS and the BANK have hereunto set their respective hands on the day and place mentioned above. Borrowers: For Andhra Pragathi Grameena Bank (Head of the Branch) *** Annexure- D Andhra Pragathi Grameena Bank Branch/ Regional Office CERTIFICATE AND UNDERTAKING 1. Certified that interest subsidy (reimbursement) claim/(s) submitted by us is/are in respect of the Student(s) who is/are eligible under the Interest Subsidy Scheme announced by the Govt. of India. 2. Certified further that we have verified and are satisfied about the genuineness and correctness of the interest subsidy claim/(s) submitted by us and the same is/are correct, accurate and genuine and is/are as per the Interest Subsidy Scheme announced by the Govt. of India. 3. We further agree and undertake to remit any amount received from Canara Bank in excess of our claim/amount reimbursed by Govt. of India to Canara Bank. Further, we authorize Canara Bank to return the amount received from the Government against our claim/s and held by Canara Bank, if the Government requests for such refund for whatever reason. 4. Certified that we have exercised due diligence in furnishing the information in the reporting

14 Format to claim the reimbursement of the interest subsidy from Govt. of India. Name : Designation : Date : Signature & Official Seal of Authorised Signatory

15 Ref : Cir.No BC-CD Date: Annexure E (Format of Letter to be sent to Canara Bank on behalf of claims of our Bank) Date: The General Manager, Canara Bank Head Office, B A N G ALO R E. Dear Sir, Sub:- Central Sector Scheme of Interest Subsidy on Students 1 Loan for Professional Education in India by the Ministry of Human Resources, Government of India. We note that Higher Education Bureau, Department of Higher Education, Ministry of Human Resources Development, Government of India (Government) has come out with the subject Scheme to provide interest subsidy on the education loans availed by students having lower than a specified parental income for pursuing professional education in India, during their study/repayment holiday, from the Academic Year and Canara Bank has been designated as the facilitator for the purpose of smooth implementation of the Scheme to the borrower Students coming under the purview of the Scheme. We understand that Canara Bank shall be a mere facilitator between the Government and other Banks eligible under the Scheme and the role of Canara Bank is to forward the interest subsidy claims submitted to it by various Banks coming within the purview of the said Scheme, after its consolidation and distribute the reimbursement proceeds as allowed by the Government to the concerned Banks. We note that Canara Bank will be distributing the amount only and only if the Government reimburses the interest subsidy against the claim/s made by the Bank. We also know that the entire responsibility in respect of submission, verification of genuineness/ authenticity of the interest subsidy claim of the Borrower/s and confirmation of his/her/their eligibility is on us. Under normal circumstances, we shall not make Canara Bank a party to the dispute, if any, between the student and our Bank or between the Government and our Bank or between the Government and the Student. We shall submit the interest subsidy claim/s as prescribed under the Scheme on an ongoing basis. If the Government demands refund of the amount reimbursed under the said Scheme and received by us towards one or more of the Educational Loan accounts, we shall directly remit the amount to the Government without implicating Canara Bank. However, if Canara Bank refunds to the Government in any circumstances, we shall remit the said amount to Canara Bank immediately on demand. In case we fail to remit the said amount within the stipulated time as demanded, Canara Bank is entitled to recover the same from the amount to be distributed to us towards interest subsidy claims in the subsequent periods. Further, we have no objection in Canara Bank returning the amount of reimbursement received from the Government, before its distribution, on Government's specific request We shall exercise due diligence in identifying the eligible borrowers and submission of claim. Hence, we request you to receive the interest subsidy claim/s of our Bank on an ongoing basis and forward the same to the Government and distribute the amount reimbursed by the Government towards our claim. Yours faithfully, (Authorised Signatory)

16 Cir.No BC-CD Date: Annexure F (Information to Public to be given about the Scheme in the Notice Board) ANDHRA PRAGATHI GRAMEENA BANK BRANCH. EDUCATION LOAN COVERAGE GOVT. INTEREST SUBSIDY SCHEME FOR ECONOMICALLY WEAKER SECTIONS EWS with upper parental income of Rs.4.50 lacs per annum. For recognized Technical/Professional Courses in India after Class XII as approved by Ministry of Human Resources Department, Government of India. Certification of income by Tahsildar in the prescribed format. Applicable for loan disbursals from academic year Interest Subsidy during moratorium period (Course period + One year after completion of the Course or 6 months after getting the job, whichever is earlier). For further details, contact Branch Manager. Signature of Branch Head with Seal. 0oOo0

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18 Annexure- 'G f Cir.No BC-CD Date: Details of eligible education loans for interest subsidy from the period from to as on ANDHRA PRAGATHI GRAMEENA BANK Name of the Branch: BIC: Region: SI. No. Name of the Borrower eligible for subsidy Loan Account No. Loan amount / instalment disbursed Amount of interest debited during the period from to to the loan (Amount in Rupees) Name of the course and Institute *****