There is special subsidy provided according to Central Government subsidy for education loans. Indian Bank also provides special interest rates for some premier. Central Scheme to provide Interest Subsidy (CSIS) for the period of moratorium of educational loans taken by students from economically weaker sections (EWS). IB Skill Loan Scheme · Central Scheme for Intrest Subsidy · IB Skill Loan Scheme · Central Scheme for Intrest Subsidy. Expenses Covered Expenses covered under Indian Bank education loan are payment of course fees, purchase of books, equipments, instruments, uniform, payment of hostel education loan subsidy indian bank, examination fees, study tools etc. Being one of the major education loan providers, Indian Bank understands the needs of the students and offers extremely competitive education loans at better interest rates. The bank will charge a processing fee to restructure the loan. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender sconsent for such lender s to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. Objective: To provide term loan to Indian students for pursuing higher education in India and foreign universities. Statutory Audit of the Accounts coinciding with the Annual Statutory Audit of the Bank should education loan subsidy indian bank conducted once a year. Popular Article.