MINISTRY OF EDUCATION · VIDYA LAKSHMI NODAL SCHEME
CSIS Education Loan Interest Waiver Calculator
Calculate the total interest amount paid by the Central Government during your studies and 1-year job moratorium under the Central Sector Interest Subsidy scheme.
₹
₹1 Lakh₹4.5 Lakh (Statutory Cutoff)₹10 Lakh
₹
₹1 Lakh₹7.5 Lakh (Full Coverage)₹10 Lakh (Max)
%
+ 1 Year Moratorium Buffer
100% Moratorium Interest Waiver
₹3,56,250
Waived during 5-Year moratorium (4 Yrs course + 1 Yr job buffer)CSIS Eligibility Status:✅ ELIGIBLE (Income ≤ ₹4.5L)
Principal Balance at Repayment:₹7,50,000 (No Added Interest)
Estimated Monthly EMI Saved:₹4,285 / month
Key Central Sector Interest Subsidy (CSIS) Guidelines
- Income Certificate Authority: The family income certificate must be issued by a state authority designated under state rules (Tahsildar / Sub-Divisional Magistrate / Revenue Officer).
- Nodal Bank Administration: Canara Bank serves as the nodal bank appointed by the Ministry of Education for verifying and disbursing interest subsidy claims directly to your lending bank account.
- Approved Courses: Available exclusively for recognized professional/technical courses in India in institutions accredited by NAAC/NBA or central universities.
- One-Time Benefit: CSIS can only be availed once, either for undergraduate or postgraduate studies.