Scheme for education loan repayment launched

Scheme for education loan repayment launched

The Rs. 900 crore Education Loan Repayment Support Scheme announced by the State government was formally launched at a function here on Tuesday. Speaking on the occasion, Minister for Education C. Ravindranath made it clear that the government would expand the scheme infusing more funds, if need be, to cover all deserving candidates. “The present amount was arrived at on the basis of preliminary statistics gathered for the purpose. A detailed survey will be conducted to bring in all the deserving candidates and we will earmark more funds for the…

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More funds will be released for education loan repayment plan: C Raveendranath

More funds will be released for education loan repayment plan: C Raveendranath

KOTTAYAM: Education minister C Raveendranath on Tuesday launched the state government’s education loan repayment support scheme at the Town Hall here. Speaking at the function he said, if needed the government will provide more fund and all eligible students will be brought under this scheme. Currently, the government has earmarked Rs 900 crore for the scheme aimed at helping financially backward students. The scheme envisages government support to those who availed education loan for a period of four years. He said that the borrower alone cannot be blamed for failing…

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Guidelines issued for education loan repayment support scheme

Guidelines issued for education loan repayment support scheme

Representative image THIRUVANANTHAPURAM: The state government has announced guidelines for availing the benefits of education loan repaymentsupport scheme announced in the 2016-17 budget. The scheme provides government support to those who find it extremely difficult to repay the educational loan even after the completion of their course. The support is for repayment of loans classified into various categories such as non-Non Performing Assets(NPA)/standard account with sanctioned loan up to Rs 9 lakh, loans up to Rs 4 lakh that turned NPA on or before March 31, 2016 and NPA loans…

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Guidelines issued for education loan repayment support scheme

Guidelines issued for education loan repayment support scheme

Representative image THIRUVANANTHAPURAM: The state government has announced guidelines for availing the benefits of education loan repaymentsupport scheme announced in the 2016-17 budget. The scheme provides government support to those who find it extremely difficult to repay the educational loan even after the completion of their course. The support is for repayment of loans classified into various categories such as non-Non Performing Assets(NPA)/standard account with sanctioned loan up to Rs 9 lakh, loans up to Rs 4 lakh that turned NPA on or before March 31, 2016 and NPA loans…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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