Central Sector Interest Subsidy Scheme (CSIS)
केंद्रीय क्षेत्र ब्याज सब्सिडी योजना (सीएसआईएस)
Central Government scheme providing 100% interest waiver during moratorium for students from families earning up to ₹4.5 Lakh pursuing professional courses.
Max Loan Amount
Up to ₹7.5 Lakh (100% Interest Borne by Government during Moratorium)
Interest Rate
0.00% during moratorium (100% Central Govt Subsidy); Normal bank rate thereafter
Moratorium Period
Course duration + 1 year (Interest is 100% subsidized during this period)
Repayment Tenure
Up to 15 years after moratorium period
✦ What the Loan Covers (Eligible Expenses)
Tuition fees, hostel charges, books, exam fees, laptop, and mandatory curriculum expenses for professional/technical courses in India.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
Only covers technical and professional courses; general BA/BSc/BCom degrees are strictly excluded; overseas studies are NOT covered; subsidy is paid ONLY during moratorium period — once repayment starts, borrower must pay full interest; if student drops out or is rusticated, entire subsidy must be refunded.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
Nil collateral or third-party guarantee (covered under CGFSEL guarantee).
Margin Money (Borrower Contribution):
As per IBA model scheme: Nil up to ₹4 Lakh; 5% above ₹4 Lakh.
✦ Eligibility Requirements
Students from Economically Weaker Sections (EWS) with gross parental annual income up to ₹4.50 Lakh, enrolled in recognized professional/technical courses in NAAC/NBA/CFTI accredited Indian institutions.
✦ Government Subsidies & Rate Concessions
Ministry of Education bears 100% interest payable on education loans during the moratorium period (course duration + 1 year).
✦ Required Documents Checklist
Income Certificate issued by authorized State Revenue Authority (Tahasildar/SDM), admission letter, fee receipt, 10th/12th marksheets, Aadhaar card, bank loan sanction letter with CSIS claim form.
✦ How to Apply Step-by-Step
1. Apply for an IBA education loan at any scheduled commercial bank or via vidyalakshmi.co.in.
2. Submit valid Income Certificate (<₹4.5L) issued by state authority.
3. Bank branch tags the account under CSIS on Canara Bank nodal DBT portal.
4. Ministry directly credits interest subsidy to student's loan account quarterly.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
What is the family income limit for CSIS?▼
Gross annual parental income from all sources must not exceed ₹4.50 Lakh. Income certificate must be issued by a designated revenue authority (Tahasildar/SDO).
Does CSIS apply to studies abroad?▼
No. CSIS is strictly restricted to students pursuing professional and technical degree/diploma programs in India.
Does the student receive cash in hand under CSIS?▼
No. The interest subsidy is directly credited by the Ministry into the student's education loan account at the lending bank, preventing interest accumulation during the study period.