Education loans in India finance tuition, living expenses, travel, equipment, and exam fees for eligible courses in India and abroad, delivered primarily by banks/NBFCs with government-backed interest subsidy and targeted schemes for specific communities and income groups. Policy framework Loan types Eligibility Loan quantum and coverage Interest rates and concessions Security, margin, and co-borrowers…
The Vidya Lakshmi Portal is a government-run, single-window platform designed to help students access education loans and government scholarships in one place. It streamlines the process of applying for multiple loan schemes across various banks, ensuring transparency and convenience for aspiring students. The Pradhan Mantri Vidyalaxmi (PM-Vidyalaxmi) Scheme, accessed through this portal, specifically offers collateral-free…
Liquid funds and ultra-short term funds are both SEBI-defined debt mutual fund categories designed for short horizons, but they differ mainly in portfolio duration, liquidity mechanics, risk-return profile, and use-cases for treasury and personal cash management. Definitions and portfolio Investment horizon Liquidity and redemption Risk sensitivity Return potential and volatility Costs and loads Operational…
The Central Sector Interest Subsidy Scheme (CSIS) is a Government of India initiative aimed at supporting students from the Economically Weaker Sections (EWS) to pursue technical and professional education in India. Key updates include a maximum subsidy on loans up to ₹10 lakh, a parental income ceiling of ₹4.5 lakh annually, and applications submitted via…
[The working capital requirement of industrial and trading establishments means the sum of the funds invested by them in various current assets (like raw material (RM), work in process (WIP), finished goods (FG), and the outstanding receivables on goods sold. The working capital facility is extended to a borrower by the banks will depend upon on…