ORDER

Sudip Ahluwalia, Presiding Member—The present Revision Petition under Section 21 of Consumer Protection Act, 1986 has been filed by Canara Bank against the impugned Order dated 29.09.2021 passed by the State Consumer Disputes Redressal Commission, Punjab in First Appeal No.745 of 2019 vide which the Appeal filed by the Petitioner was dismissed.

2. Brief facts of the case as per the Complaint are that Piyush Tripathi is the son of Surinder Tripathi. For the higher study of Complainant No.1, the Complainant No.2 raised an Educational loan of ?7,50,000/- from the Union Bank of India. The gross annual income of the Complainants and their family is Rs.3,40,000/-. The Central Govt. of India launched an Interest Rate Subsidy Scheme for education loan for students who belong to Economically Weaker Section (EWS). Under the Scheme, the Govt. of India was to provide “full interest subsidy” during the period of moratorium which is defined as the course period plus one year or six month after getting job. The Subsidy Scheme was applicable from the academic year 2009-10 as per guidelines of Central Govt. The Complainant No.1 being borrower along with the Complainant No.2 being co-borrower