The lenders have in the country have been instructed to increase the share of education loan in the total credit portfolio by the government, they have also been suggested to bring some amendments to the existing loan schemes.
The Deputy Chief Executive of Indian Banks Association, Mr. K. Unnikrishnan said "The revised scheme is forwarded to the government. It will be more customer-friendly and cover large number of applicants."
Earlier the lenders used to sanction loan only to one member from a family, now more number of member from a family would be able to borrow a loan up to 4 lac.
