Kerala Government has formed special district level committees comprising of Members of Parliament (MP), Members of Legislative Assembly (MLA) and senior officials from banks to look over complaints received over education loans in the state.
The committee will listen to the complaints of applicants regarding wrongful rejection of loan application, refusal of top up loans, moratorium related ambiguities, et al. The meeting also suggested unification of interest rates offered by banks, and also students under management quota should not be denied access to credit.
There is a need of change in attitude of bank towards common man , said Mr. P.Rajiv, MP. He further added that education loans do not contribute much to slippages and NPA, it is the corporate loans which are to be blamed. However a bank official stated that some institutions offer institute offer low quality of education with unrealistic fees and banks find it difficult to advance credit to students in such colleges.
No comments:
Post a Comment