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Kerala Edu Loan Subsidy & Repayment Scheme 2018 @ elrs.kerala.gov.in

Kerala Educational Loan Subsidy 2018: This is the information concerning Education Loan Repayment Support Scheme which was launched by the Government of Kerala. Under this proposal, govt will pay some amount of loan of students for their study. Interested candidates can register online through the official website for Kerala Education Loan Subsidy/ Kerala Education Loan Repayment Scheme which is www.elrs.kerala.gov.in. This is one of the best schemes for people who belong to low to middle-income groups and unable to repay the educational loan due to low salary or unemployment.

Aspirants can download Kerala Education Loan Repayment Support Scheme Online Application from the portal. The Kerala Edu Load Subsidy Application 2018 Dates updated in our article. For the convenience, we are providing the eligibility criteria, Kerala Edu Load Repayment Support Registration process and other relevant information in the article below.Kerala Edu Loan Subsidy & Repayment Scheme

Kerala Edu Loan Subsidy & Repayment Scheme 2018 @ elrs.kerala.gov.in

Good news for the candidates who have taken a loan for the education and could not pay EMI/ Installment. The Government has announced to pay the remaining amount for who come under below poverty line, low-middle class etc. There are some rules and regulation/norm set by the authority. The student who fulfills those rules can be eligible to get the benefits of this scheme. The news came a few months ago but it has been launched by the board. Those loans classified as NPA (Non-Performing Assets) & who have paid the earlier EMI regularly will take the benefit of Kerala Education Loan Subsidy & Repayment Scheme.

Kerala Educational Load Repayment Support Application Dates 2018

The Concerning Body Government Of Kerala
Notice Of Kerala Educational Loan Subsidy & Repayment Support Scheme
Kerala Edu Load Subsidy 2018 Final Date Of Registration Updated Soon
Web Portal www.elrs.kerala.gov.in

It provides the support period for four years and it is not a complete debt relief plan but support student/ families to pay some of the amounts to decrease their burden. As per the advertisement, the government can pay the loan amount up to 9 Lakhs. Applicants can select one of the following options to get the support.

NPA Account:

They have to agree with the bank either for one-time settlement by depositing full amount or regularise/ re-schedule of pending amount.

Support From Government Amount
60% of Base Amount Up-to 4 Lacs
50% of Principal Outstanding or Maximum of Rs 2,40,000/- Only From 4 to 9 Lacs

Standard Account:

The Proposal expects the repayment to such an account which has already commence from April 2012 to March 2016 and still going on. The government can help those postulants to repayment their remaining amount of the upcoming years.

Year Sharing Ration of Kerala Govt Lender Ratio
1st Year 90% 10%
2nd Year 75% 25%
3rd Year 50% 50%
4th Year 25% 75%

Eligibility For Education Loan Repayment Scheme Kerela 2018

  • Students who have educational Loan not more than 9 lakhs & household income not goes above 6 lakhs are eligible for this scheme.
  • Students who secured admission under Management quota are not eligible. These refer to seats in private educational institutions for which the management has the judgment to give admission on factors other than merit as explained in IBA’s. Revised guidance notes on model educational loan scheme for higher education in India and foreign -2015 (Amended 2016).
  • The contenders, who have started to pay back the loan.
  • Student borrowers who become permanently mentally/ physically disabled with 80% or more due to an accident/ illness or expired during the course of study of the loan after availing the loan eligible for a sanctioned amount of loan & financial assistance irrespective of date.
  • The present Annual Income of student should be within 4 times of the scheduled annual repayment money on the loan.

Click Here For Kerela Edu Loan Repayment Support Scheme Official Notification 2017

How To Apply Online For Kerala Govt Educational Loan & Repayment 2018

  • Candidates have to log on to the official website.
  • Click on “Student Registration” link.
  • Afterward, Education Loan Repayment Scheme Kerala Registration Form appear on the monitor.
  • Candidates fill all necessary info valid details.
  • Upload the scanned copy of PAN Card, Adhar Card & 10th Certificate in the given format.
  •  Finally, click on “Submit” button to complete the online registration.

Click Here for Kerala Educational Load Repayment Support Scheme Online Application 2018

Documents Required for Kerala Edu Load Support Scheme Registration
  1. Candidates 10th/ 12th Passing Certificates.
  2. Adhar Card and Pan Card Of the students.
  3. Eligibility certificate issued by the Village Officer.

To know more kindly refer to the official website of the Kerala Government.

6 Comments

  1. Bharath G

    Hi Sir,
    I study private college and my annual gross salary is Rs.183000. Now my monthly repayment loan EMI is Rs.3200.
    Please help me I eligible for scheme or not

    Reply
  2. jojo joseph m

    sir i took education loan in the year 2007,08,09 for my general nursing study in bangalore and completed the course 2010 feb. i was not able to repay the money due to low salary at the end because of the forcefulnes of bank borowed money from others and repaid the paisa to bank in 2017 january.
    sir am i eligible for subsidy

    Reply
  3. Muhammed siyad

    Can i get any help through this. I already got subsidy before few years while studying . Now the last june my repayment has started but there is no consideration in amount payment the bank said that.
    Can i get any susidy for repayment

    Reply
  4. Archana

    Sir
    Is there any formality that some amount should be paid before apply this subsidy?

    Reply
  5. anju

    sir ,
    my course completed in 2016,can i apply to this scheme or not

    Reply
  6. ALBERT

    sir my bank is not providing this scheme due to mentioning moratorium period .

    Reply

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