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chels
11-07-2011, 09:47 AM
Dear friedns
I have doubt on the recent notification regarding interest waiver scheme on education loan for higher studies. if any one could clarify with example on calculating the annual income of parent based on economic index. i have reproduced the text which is given in the loan eligibility criteria in the recent G.O. " The present scheme is intended to cater the needs of students belonging to economically weaker sections with prescribed upper parental gross income limit ( 4.5 lacs) of the family from all
sources, which based on economic index and not on social back round"
thanks in advance
rcp