New Delhi, April 24, 2012(PIB): India Banks’ Association (IBA)
has circulated revised Model Educational Loan Scheme to its member
banks. Banks can adopt the scheme with discretion to make changes as
deemed fit. The scheme is for all students including students from
minority communities.
Indian Nationals who have
secured admission to professional/technical courses in India or abroad
through an entrance test/merit based selection process are eligible for
educational loans under the scheme.
Complaints received from
various channels regarding non-sanction, non-disbursal, delay in
sanction, disbursal of education loans are taken up with the concerned
banks for immediate corrective measures.
The performance of Public
Sector Banks (PSBs) under educational loan scheme is reviewed on an
ongoing basis. The banks have been advised to ensure that the
Educational Loan Scheme is implemented in letter and spirit and that
loan applications are disposed of within the prescribed time limit.
This information was given by
the Minister of State for Finance, Shri Namo Narain Meena in written
reply to a question in Rajya Sabha today.
No comments:
Post a Comment
Hmmmmm... what are you thinking? Do not forget to comment,It helps us to improve this blog and help us to make better. on