Question
Consider the following statement regarding Dr. Ambedkar
Scheme of Interest Subsidy on Educational Loan, and identify the correct statement. 1. The scheme is eligible beneficiaries from Other Backward Classes (OBCs) and Economically Backward Classes (EBCs). 2. The Scheme will be implemented by the Nodal Bank as per the MoU between the Banks and the Ministry of Social Justice & Empowerment. 3. The Scheme only for loans taken for studied from abroad. 4. For a student, the eligible loan component shall be the actual loan taken subject to a maximum of ₹ 20,00,000 for the purpose of an Interest subsidy claim.Solution
Dr Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loans for Overseas Studies for Other Backward Classes (OBCs) and Economically Backward Classes (EBCs)" is an Education Loan Scheme by the Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment.
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