Complaints Regarding Education Loans to Students

Press Information Bureau

Government of India

Ministry of Finance

30-November-2012 17:53 IST

Public Sector Banks had during 2011-12, received 5199 complaints in education loans, including those of denial of loans, out of which 5190 were disposed of and 9 were pending.  Complaints regarding educational loans, as and when received by the concerned banks are taken up for corrective measures.  Bank-wise details are as under:            

 Source: PSBs

The Model Educational Loan Scheme of Indian Banks’ Association aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad.  The main emphasis is that a meritorious student, though poor, is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions.

This information was given by the Minister of State for Finance, Shri   Namo Narain   Meena in written reply to a question in Lok  Sabha today.

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