Which bank was the designated nodal bank for the Padho Pardesh scheme, an interest subsidy program on education loans for overseas studies that has been discontinued by the Ministry of Minority Affairs (MoMA)?
Question
Which bank was the designated nodal bank for the Padho Pardesh scheme, an interest subsidy program on education loans for overseas studies that has been discontinued by the Ministry of Minority Affairs (MoMA)?
Canara Bank
SBI
Indian Bank
Punjab & Sind Bank
Solutons With Key Points
Answer- A
The Indian Banks' Association informed all banks last month that the Padho Pardesh Interest Subsidy Scheme would be terminated from 2022-23. Canara Bank, the designated nodal bank, had been administering the program thus far.