The Central Government is implementing Means-cum-Merit Scholarship to meritorious students. Similarly the University Grants Commission (UGC) is also providing scholarships and fellowships to SC, ST, Minorities and other meritorious candidates. The Central Government has launched a new Central Scheme to provide full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources up to Rs. 4.5 lakh annually) from Scheduled Banks under the Educational Loan Scheme of the Indian Banks’ Association (IBA) for pursuing courses of studies in professional/technical streams from recognized institutions in India. The scheme is effective from the academic year 2009-2010. The Scheme is based solely on income criteria and not social background. The details of the Scheme are available on this Ministry’s website at www.education.nic.in.