Pradhan Mantri Uchchatar Shiksha Protsahan Yojana: Central Sector Interest Subsidy Scheme
✓ Information verified — June 2026The scheme provides full interest subsidy during the moratorium period on loan availed under Model Education Loan Scheme of Indian Banks’ Association (IBA) to students belonging to economically weaker sections whose annual parental income is up to ₹4.5 Lakhs from all sources.
What You Get
- Full interest subsidy (no interest charges) during the moratorium period on your education loan
- Covers loans taken for professional and technical degree programmes
- Helps reduce financial burden on economically weaker families
- Interest is paid by the government, not by the student
Who Can Apply
- Age: 12–45 years
- Annual parental income must be up to ₹4.5 Lakhs from all sources
- Student must belong to economically weaker sections
- Education loan must be taken under IBA Model Education Loan Scheme from a participating bank
- Applicable for professional and technical education programmes
- Open to students from all states across India
Documents Needed
0/6 collected
- 1. Aadhaar Card
- 2. Income Certificate
- 3. Education Loan Agreement
- 4. Bank Passbook
- 5. Admission Letter
- 6. Identity Proof
How to Apply
- 1Check your eligibility criteria above
- 2Gather all required documents listed below
- 3Visit the official portal (linked below)
- 4Fill the application form online / offline
- 5Submit the form and note your application reference number
- 6Track status on the official portal or visit nearest CSC
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Quick Facts
- Scheme Level
- Central Government
- Ministry
- Ministry of Education
- Category
- Education
- Target Gender
- All genders
- Age Group
- 12–45 years
- Application
- Check portal
- Last Updated
- 14 Jun 2026
Tags
Official Source
Last Verified
14 June 2026
Official Portal
www.myscheme.gov.in/schemes/pm-uspycsiss…Nodal Ministry
Ministry of Education
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