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Rs 26K cr bonanza to 9 lakh families; FM gives sops on education loans

Last Updated: Monday, February 17, 2014, 19:33

In a big relief to 9 lakh families ahead of elections, the government on Monday said it will waive interest component of education loan taken before March, 2009, a decision that will cost the exchequer Rs 2,600 crore.

BJP plans to edge Congress over education loan issue

Last Updated: Friday, October 18, 2013, 12:22

The Bharatiya Janata Party plans to edge the central government out over the issue of education loan as the nationalised banks do not show much interest in its disbursal, said a party leader.

MP demands jail for officials rejecting education loans

Last Updated: Sunday, January 20, 2013, 18:01

Bank officials should be "punished with imprisonment" if they reject education loan, says a member of parliament belonging to the DMK.

Union Bank cuts home, education loan rates

Last Updated: Friday, November 30, 2012, 21:17

Educational loan of up to Rs 7.5 lakh can be availed at an interest of 12.75 percent while that above Rs 7.5 lakh will be priced at 12.50 percent, it said.

Dena Bank reduces rates on car, education loans by up to 2%

Last Updated: Tuesday, September 04, 2012, 23:25

State-owned Dena Bank on Tuesday announced reduction in interest rates on car and education loans by up to 2 percent.

SBI slashes education loan rates by up to 1%

Last Updated: Monday, February 27, 2012, 16:11

The country's largest lender State Bank of India (SBI) on Monday reduced interest rates on education loans by up to 1 percentage point across various segments, a move likely to be followed by other lenders.

SBI decides to cut interest on education loan

Last Updated: Sunday, February 26, 2012, 12:45

The country's largest lender State Bank of India (SBI) has taken in-principle decision to slash interest on education loans by up to 1 percentage point.

SBI to slash interest rates on education loan by up to 1%

Last Updated: Sunday, February 19, 2012, 19:18

The country's largest lender SBI is likely to cut interest rates on education loans by up to 100 basis points (1 percent), effective Monday.

Chidambaram disburses Rs 10.40 cr education loan to students

Last Updated: Sunday, August 29, 2010, 15:20

Union Home Minister P.Chidambaram on Sunday said many students would not have been able to pursue their higher education and remained just "Plus two Unemployed" had the government not introduced the Education Loan Scheme.

`Poor` students may get education loan at 4% interest

Last Updated: Friday, May 14, 2010, 14:48

Government is planning to provide education loans at four percent interest rate to help students from weaker sections of society to pursue higher studies.

Tax concession on edu loan interest extended to all streams

Last Updated: Sunday, April 11, 2010, 17:08

The govt has extended tax concession on interest paid for educational loan to all streams of studies including vocational courses.

Majority of officials following orders on loan disbursement

Last Updated: Monday, October 19, 2009, 21:22

Union Home Minister P Chidambaram on Monday said majority of the Bank officials were following Government orders on education loan disbursement.