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Government of India Interest Subsidy Schemes for Education Loan

Bank of Baroda's page covers eligible economically weaker students pursuing technical or professional courses in India. For education loans taken from 1 April 2022, the Government subsidises simple interest during the course period plus one year on principal up to ₹10 lakh; this is a subsidy cap, not the loan limit.

Underlying education-loan interest termsThe CSIS page does not set one borrowing rate. It lists BRLLR-plus-spread terms for Baroda Vidya, Baroda Gyan, premier-institution loans (Lists AA/A/B/C), Baroda Scholar, Executive Development, Digital Education Loan (Lists AA/A/B/C) and Skill Loan. The displayed 0.00% effective-rate widget is the page's subsidy-period display, not a separate APR or a rate to use for the underlying loan. After the moratorium, the borrower pays interest under the selected education-loan variant.Processing fee for study in IndiaNil for the BOB Education Loan — study in India row in the published tariff. The fee table is dated 20 June 2019, stated excluding GST, and the live page does not show a later effective date; BOB says its standard schedule applies where no specific customer-level pricing or sanction overrides it.Loan typeEducation loan

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✓ Manually checked 27 Sept 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeEducation loanView source

The official product name identifies this as “Government of India Interest Subsidy Schemes for Education Loan”.

Source: Government of India Interest Subsidy Schemes for Education Loan — official product page
Page / section: Official product name and loan classification
Accessed: 15 Aug 2026
Confidence: high

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Family income ceilingGross parental/family income from all sources must be up to ₹4.50 lakh per year; an authorised State/UT income certificate is obtained at sanction.Effective 1 Apr 2022View source

The guideline states that students with annual gross parental/family income up to ₹4.5 lakh are eligible and income proof is required from an authorised State authority.

Source: -USP Guidelines (loans from 01.04.2022)
Page / section: Pages 1–2 — Eligibility; Income Limit/Proof
Accessed: 30 Aug 2026
Confidence: high

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Geographic limitsTechnical/professional study in India after Class XII at NAAC-accredited institutions, NBA-accredited programmes, Institutes of National Importance or CFTIs; otherwise the relevant statutory regulator must approve the course.View source

The manually reviewed product record states: “Technical/professional study in India after Class XII at -accredited institutions, NBA-accredited programmes, Institutes of National Importance or CFTIs; otherwise the relevant statutory regulator must approve the course.”.

Source: Government of India Interest Subsidy Schemes for Education Loan — official product page
Page / section: Published product metadata
Accessed: 15 Aug 2026
Confidence: high

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CSIS eligibilityFor PM-USP CSIS, the student must take an IBA Model Education Loan for an eligible technical or professional course in India and have gross parental/family income from all sources up to ₹4.50 lakh a year. The 2022 guideline names NAAC-accredited institutions, NBA-accredited programmes, Institutions of National Importance, CFTIs and courses approved by the relevant regulator. Another Central/State scholarship or fee reimbursement bars CSIS; the subsidy is generally limited to one undergraduate, postgraduate or integrated course, with a documented medical-discontinuation exception. The Ministry issued an updated eligible-course list on 25 February 2026, but its annexure could not be retrieved in this review; check the current official list for a course-specific decision.Effective 1 Apr 2022View source

The linked five-page 2022 guideline was already reviewed page-by-page. It sets the income/course framework and exclusions. The current page still shows the older ₹7.50 lakh row, while the 2022 guideline governs loans from 1 April 2022. The 2026 Ministry notice identifies a revised course annexure, but the endpoint returned 404 and its course rows remain unread.

Source: -USP Central Sector Interest Subsidy Scheme guidelines for education loans from 1 April 2022
Page / section: 2022 guideline, pages 1–3; detail page lines 235–250; MoE notice dated 25 February 2026
Accessed: 27 Sept 2026
Confidence: high

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The full table was read; it gives different spreads by product and institution list, not a universal rate. The guideline provides full simple-interest subsidy during the moratorium subject to its eligibility conditions. The page's effective-rate widget reads 0.00% and is not an calculation.

Source: Government of India Interest Subsidy Schemes for Education Loan — current page and linked -USP guideline
Page / section: detail page, Interest rates & charges, lines 251–504; guideline pages 1–2
Accessed: 27 Sept 2026
Confidence: high

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BRLLR benchmarkBank of Baroda's BRLLR is 7.90% p.a., effective 6 December 2025 (repo rate 5.25% plus markup/base spread 2.65%). The CSIS rate table quotes underlying education-loan rates as BRLLR plus or minus product-specific spreads; the subsidy scheme itself has no single borrowing rate.Effective 6 Dec 2025View source

The current retail-rate page lists 7.90%, effective 6 December 2025, composed of repo 5.25% plus markup/base spread 2.65%. schedule uses -linked product spreads.

Source: Retail Loans Interest Rates — Bank of Baroda
Page / section: section, lines 193–199; education-subsidy page rate schedule, lines 251–504
Accessed: 27 Sept 2026
Confidence: high

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Processing fee for study in IndiaNil for the BOB Education Loan — study in India row in the published tariff. The fee table is dated 20 June 2019, stated excluding GST, and the live page does not show a later effective date; BOB says its standard schedule applies where no specific customer-level pricing or sanction overrides it.Effective 20 Jun 2019View source

The shared tariff's Education Loan — Study in India row states Nil. The schedule is headed 20 June 2019, excluding , and may be superseded by specific customer-level pricing or sanction terms.

Source: Service Charges — Bank of Baroda
Page / section: Education Loan service-charge table — Study in India row, lines 1055–1120; general applicability lines 920–934
Accessed: 27 Sept 2026
Confidence: high

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Documents and submission timingBOB lists applicant/co-applicant KYC, academic records, admission proof, entrance result where applicable, study-cost schedule, six-month bank statement, salaried co-applicant/guarantor income proof where applicable, property documents where applicable, a CSIS income certificate and Aadhaar proof/authentication. Its Eligibility table says the income certificate is obtained at sanction, while Documents Required says the income certificate/other documents may be submitted within 45 days after sanction. The linked general 9-page education-loan application PDF returned 404 and remains unread; the published checklist may therefore be incomplete.View source

The page itself states both at-sanction and up-to-45-days timing. It marks caste certificate in the eligibility table, although the generic documents list repeats income/caste wording. The 2022 guideline and current page support income proof and Aadhaar authentication; the general application form could not be opened.

Source: Government of India Interest Subsidy Schemes for Education Loan — current page
Page / section: Documents Required lines 505–516; Eligibility income-certificate row and Aadhaar note lines 247–250; linked application form pages 1–9 inaccessible
Accessed: 27 Sept 2026
Confidence: high

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Other education-loan subsidy schemes listed by BOBBank of Baroda's umbrella page lists three different schemes. Padho Pardesh was discontinued for new beneficiaries from 2022-23; students who were beneficiaries on 31 March 2022 may continue to receive subsidy during the loan moratorium under the extant rules. The Bank and the Ministry's scheme directory also list the Dr Ambedkar overseas-study subsidy for OBC/EBC students. Its guideline and current application route could not be verified from the linked pages retrieved in this review, so it is not presented here as open for new applicants. These schemes are separate from the India-study CSIS terms on this page.Effective 1 Apr 2022View source

page still advertises Padho Pardesh and links a Dr Ambedkar guideline. The Ministry notice says Padho Pardesh was discontinued from 2022-23 but protects existing beneficiaries as of 31 March 2022. The Department's current scheme directory lists Dr Ambedkar and the Canara portal; direct page/ retrieval failed, so new-intake availability is not inferred.

Source: Bank of Baroda education-loan subsidy overview and linked government records
Page / section: overview lines 152–172; Ministry of Minority Affairs notice (15 December 2022); Department of Social Justice scheme listing
Accessed: 27 Sept 2026
Confidence: high

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CSIS subsidy principal capFor education loans taken from 1 April 2022, CSIS subsidises interest on principal up to ₹10 lakh. If the sanctioned education loan exceeds ₹10 lakh, subsidy still applies only up to ₹10 lakh; this is not the total loan limit.Effective 1 Apr 2022View source

The Bank-hosted five-page guideline, already reviewed page-by-page, says the interest subsidy covers a maximum loan amount of ₹10 lakh and that a sanctioned loan above ₹10 lakh remains eligible only up to ₹10 lakh. It applies from academic year 2022–23 beginning 1 April 2022. The Bank's current eligibility table still carries the earlier ₹7.50 lakh amount; the linked 2022 guideline governs the later loan period.

Source: -USP Guidelines (loans from 01.04.2022)
Page / section: Page 1 — section 2, Scope (ii); page 4 — section 10, Applicable Academic Year
Accessed: 15 Aug 2026
Confidence: high

Open official source ↗

Interest subsidyFor eligible education loans taken from 1 April 2022, the Government bears simple interest during the course period plus one year on eligible principal up to ₹10 lakh. The student pays interest after the moratorium. The benefit is generally available once for an undergraduate, postgraduate or integrated course and requires successful completion; discontinuation for medical grounds is excepted when the required documentation satisfies the head of the educational institution.Effective 1 Apr 2022View source

The reviewed guideline states a ₹10 lakh maximum principal for subsidy, full simple-interest support during course period plus one year, and payment by the student after moratorium. It generally requires successful completion, while the eligibility section expressly preserves subsidy for discontinuation on documented medical grounds accepted by the head of the educational institution. Its one-time rule is limited to UG, PG or integrated study.

Source: -USP Guidelines (loans from 01.04.2022)
Page / section: Page 1 — section 2, Scope (ii, iv); page 2 — section 5, Moratorium Period; page 4 — section 10
Accessed: 15 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

-USP covers simple interest during the course period plus one year on eligible principal up to ₹10 lakh for loans taken from 1 April 2022; a higher sanctioned loan does not raise the subsidy cap.
Gross parental/family income from all sources must be no more than ₹4.50 lakh a year; the benefit is generally available once for undergraduate, postgraduate or integrated study.
The separate collateral-free and CGFSEL guarantee threshold is ₹7.50 lakh; it is not the current -USP subsidy ceiling.
Padho Pardesh is discontinued for new beneficiaries from 2022-23; people who were beneficiaries on 31 March 2022 may continue through the moratorium under the existing rules.
Bank of Baroda and the Ministry's scheme directory list the Dr Ambedkar overseas-study subsidy for OBC/EBC students; current application availability is not confirmed by the documents accessible in this review.

Eligibility

For -USP , the student must pursue an eligible technical or professional course in India under the IBA Model Education Loan Scheme and have gross parental/family income from all sources up to ₹4.50 lakh per year.
The 2022 guideline names -accredited institutions, NBA-accredited programmes, Institutions of National Importance, CFTIs and courses approved by the relevant regulator. The Ministry issued a revised eligible-course list on 25 February 2026, but its annexure could not be retrieved; verify a particular course against the current official list before relying on eligibility.
A student using another Central/State scholarship or fee reimbursement is not eligible for . The guideline generally limits the benefit to one undergraduate, postgraduate or integrated course; documented medical discontinuation is an exception to the discontinuation rule.
page says the income certificate is obtained at sanction in its Eligibility table, but its Documents Required section also says the income certificate/other documents may be submitted within 45 days after sanction. These published timings conflict.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Applicant and co-applicant ; academic records; admission proof; entrance-exam result where applicable; cost-of-study/schedule of expenses.
Six-month bank statement; income proof for a salaried co-applicant/guarantor where applicable; property papers where security is offered.
income certificate from the competent State/UT authority and Aadhaar proof/authentication. page says caste certificate is not applicable to , despite a duplicated generic income/caste phrase in its document list.
page gives conflicting income-certificate submission timings (at sanction versus within 45 days after sanction). Its linked general 9-page education-loan application form returned 404 and remains unread.

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

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TableVariant / topic

eligibility · Published value students pursuing recognised technical/professional education in India after Class XII.

This value is copied from Government of India education-subsidy eligibility and rate table. Check the table notes before relying on it.

Source: Government of India Interest Subsidy Schemes for Education Loan — official product page · Eligibility; Interest rates & charges; Documents Required; Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 15 rows · 2 columnsGovernment of India education-subsidy eligibility and rate tablePublished scheme eligibility and all rate-table families shown on the official page.View tableHide table