Engineering and technology students from economically weaker sections, studying in branches started after April 1, 2009, are eligible for waiver of education loan interest.
A release from the district administration said to become eligible for the waiver, students' family annual income should not exceed Rs. 4.5 lakh. For those fulfilling the criteria, the Government would bear the interest on education loan till they passed out of the institution.
The administration had given the necessary instructions to all the zonal deputy tahsildars, from who the students should get the income certificates. The same should be submitted to bank branch from where the loan was availed.