Eligibility:

  • Student is eligible for 3% interest subvention only if he secures admission in Top 860 Quality Higher Educational Institutions (QHEIs) as identified by Department of Higher education, Ministry of Education.
  • The student whose family income is between Rs. 4.50 Lakh to Rs. 8.00 Lakh shall be eligible to apply for 3% interest subvention for all degree/diploma courses in the Top 860 QHEIs.  
  • Certificate to this effect issued by authorized officers of State Government is to be submitted.
  • 3% interest subvention is available for the period of moratorium i.e Course Period plus 1 year.
  • Scheme is applicable for the loan amount availed from 07 Nov 2024 Onwards.
  • In a year, maximum of One lakh such interest subvention shall be provided as per guidelines issued by Department of education, Ministry of Education.
  • Eligible students have to upload the certificates on PM-Vidyalaxmi portal and contact branches where they have availed/availing loans for further details.

 

Canara Bank
Government Portal Section,
Retail Credit and General Administration wing (HO Annexe)
Ground Floor
Scope Minar Building

Near Nirman Vihar Metro station

Laxmi Nagar New Delhi-110092
Email:   hogps@canarabank.com
Website: www.canarabank.com