Monday, July 23, 2012

Kerala CM writes to FinMin to direct banks regarding education loans


Kerala CM Oommen Chandy recently wrote a letter to Prime Minister Dr. Manmohan Singh, who is also the Finance Minister to ask banks and Indian Banks' Association (IBA) to sanction education loans of students who have secured admissions in professional colleges in the state.

"There appears some difficulty for those candidates who have secured admission to these courses in the management quota to professional colleges here to get educational loans from the banks. When it comes to sanctioning educational loans, there should be no discrimination to those who secure admission in the management or merit quota," read the CM's letter.

This is one of the few issues on which the state assembly thinks in unison, when last month the entire state assembly wanted strict actions against banks which refuse loans to student who have secured their admissions in recognised professional colleges.

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