Page 33 - Banking Finance April 2023

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eco system on a single platform to promote inclusive Institutions (CFTIs) will be eligible. The subsidy can be
development and ease of doing business. The portal will claimed only once, either for UG, PG, or integrated
connect the following: courses. Maximum amount of Rs.7.50 lakhs
Applicants (Beneficiaries) (irrespective of sanction amount) is eligible for subsidy
if sanctioned without any collateral security or third-
Lenders and Financial Institutions
party guarantee. The annual gross parental/ family
Central/ State Government Ministries
income from all sources should not exceed Rs.4.50
Nodal Agencies lakhs. The interest subsidy is towards the interest
charged in the loan account during the course and
Facilitators
moratorium period only.
Digital Integrations: b. Padho Pradesh Scheme: The main objective of the
scheme is to award interest subsidy to meritorious
Jan Samarth Portal, is having multiple integrations with the
students belonging to economically weaker sections of
platform with UIDAI, CBDT, NSDL, LGD etc. These
notified minority communities. The eligible students who
integrations provide a backbone of digital access to
secured admission to higher studies abroad viz. Masters,
authenticate data, reducing hassles of Member Lending
M. Phil and Ph.D levels only. The students belong to
Institutes (MLIs) as well as beneficiaries to choose from
EWS of minority communities with an annual gross
multiple options offered by various MLIs onboarded on the
family not more than Rs. 6.00 lakh; for the loan amount
portal.
up to Rs.20.00 lakh. The subsidy is available for interest
charged on the loan amount disbursed during a financial
It is a type of portal where various ministries, nodal agencies
year for a course and moratorium period only.
and lenders come together to ensure fast, smooth and
secure subsidy availing process for beneficiaries. At present c. Dr. Ambedkar Central Sector Scheme: The scheme is
more than 8 ministries, more than 10 nodal agencies and applicable for the students secured admission to higher
more than 125 lenders are together present on the studies abroad viz. Masters, M.Phil and Ph.D levels only.
platform. The lenders include public and private sector The eligible students who belong to OBC & EBC an
banks along with the other lending institutions. It is a type annual gross income not exceeding Rs.8.00 lakhs &
of open architecture enabling state governments and other Rs.2.50 lakhs respectively. The maximum eligible loan
institutions to also onboard their schemes on this platform amount is up to Rs.20.00 lakh.The subsidy is available
in the future. for interest charged on the loan amount disbursed
during a financial year for a course and moratorium
Schemes covered on Jan Samarth: period only.
The portal is launched with an initial inclusion of 13 schemes
Under the category II for the Agri Infrastructure
Credit Linked Schemes under the 4 different categories.
Category I: Education Loan (3 Schemes) Loans, the following 3 schemes are covered:
a. Agri Clinic and Agri Business Centers Scheme (ACABC):
Category II: Agri Infrastructure Loan (3 Schemes)
The eligible beneficiaries should have diploma/ degree/
Category III: Business Activity Loan (6 Schemes)
post graduate education qualifications in Agriculture or
Category IV: Livelihood Loan (1 Schemes) Allied Subjects. The applicant has to complete the
training by National Training Institutes before getting
Under the category I for the education loans, the the benefits of the scheme. The maximum project cost
following 3 schemes are covered: to Rs.20.00 lakhs for Individual projects and Rs.1.00
Crore for group projects.
a. Central Sector Interest Subsidy (CSIS): The scheme will
be applicable for the education loans for pursuing b. Agriculture Marketing Infrastructure (AMI): The
education within India. NAAC accredited institutions scheme is available for developing marketing
offering profession/ technical courses of professional/ infrastructure to handle marketable surpluses of
technical program accredited by NBA or Institutions of agricultural and allied products. The scheme mainly
national importance or Centrally Funded Technical covers primary processing of fruits, vegetables, grains,

28 | 2023 | APRIL | BANKING FINANCE