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This is an Education loan scheme to enable the ST students to meet expenditure for pursuing technical and professional education including Ph.D. in India. Under this scheme, the Corporation provides financial assistance up to ₹10.00 lakh per eligible family at concessional rate of interest of 6% per annum.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary ... India: 6.50 ...
Because the interest rates are established by Congress, interest rates are a political decision. In 2010, the federal student loan program ran a multibillion-dollar "negative subsidy", or profit, for the federal government. Loans to graduate and professional students are especially profitable because of high-interest rates and low default rates ...
Refinancing student loans can be a tempting option for those struggling with high monthly payments and interest rates. After all, by combining multiple loans into a single loan with lower interest ...
The scheme currently provides an interest rate of 8.2% [3] (For Jan -Mar 2024 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorized commercial banks. The Sukanya Samriddhi Account Rules, 2016 was rescinded on 12 December 2019 and the new Sukanya Samriddhi Account Scheme, 2019 was introduced.
The direct subsidized loan with the maximum amount of $5,500 has an interest rate of 4.45%, while the direct plus loan with the maximum amount of $20,500 has an interest rate of 7%. [45] As for private loans, there are more options like fixed interest rates, variable interest rates, and income-based monthly plans, whose interest rates vary ...
No change in income tax rate; personal income tax exemption limit raised from ₹ 200,000 (US$2,300) to ₹ 250,000 (US$2,900). Education cess for all tax payers including corporates will continueRestructuring Food Corporation of India to be taken up on priority
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