Education loan

krishna (Querist) 18 March 2014 This query is : Resolved
Sir,

In recent budget, the finance minister has announced some relief to the students who availed education loan.
In the year 2006 ,student applied for education loan with a nationalized land and was sanctioned to the tune of Rs 3,86,000/00
(rupees three lac eighty six thousand only)for the period of four years.(the repayment be started after four years)The student took five years to complete his course.He started making repayments towards loan.
What is the benefit he is entitled to get either toward interest or loan under the scheme introduced by the finance minister?

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Devajyoti Barman (Expert) 18 March 2014
Academic query.

Rajendra K Goyal (Expert) 19 March 2014
Academic query.

R.K Nanda (Expert) 19 March 2014
academic query.

T. Kalaiselvan, Advocate (Expert) 20 March 2014
I go with the stand taken by the experts on the subject issue.

Sudhir Kumar, Advocate (Expert) 12 April 2014
state facts of case

Guest (Expert) 12 April 2014
Recent budgetary benefits apply only to recent applicants after passage of the budget. Terms & conditions of past agreements do not automatically change, unless specifically declared in the budget to be applicable in the past cases also.

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