Want education loan? Log on to vidyalakshmi.co.in, says govt

Want education loan? Log on to vidyalakshmi.co.in, says govt

The government on Thursday said it has a launched a website, www.vidyalakshmi.co.in, for students seeking educational loans and five banks including SBI, IDBI Bank and Bank of India have integrated their system with the portal.

Naming, shaming student borrowers a human rights violation: NHRC

 

Chennai: Terming the bankers practise of "naming and shaming" of students who defaulted on repaying education loans as violation of human rights, the National Human Rights Commission (NHRC) has issued notice to the Central Bank of India chairman.

Sisodia seeks students' suggestions on study loans

Delhi's Deputy Chief Minister Manish Sisodia on Thursday met students from various colleges and sought their suggestions on drafting its policy for study loans.

RBI looking into improving quality of education loans: Rajan

Reserve Bank Governor Raghuram Rajan Friday said the central bank was looking into improving the quality of education loans despite high levels of defaults.

Budget 2015: Common man's expectations from FM Jaitley

Considering the Modi government’s track record since May last year, people have high expectations from the BJP regime and hope that there will be some significant policy changes that would make a positive impact on their day-to-day lives.

 

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

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

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

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

Chidambaram disburses Rs 10.40 cr education loan to students

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

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

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

HDFC forays into education loan biz; acquires 41% in Credila

Country`s top mortgage lender HDFC
on Friday announced acquisition of 41 per cent stake in education
loan provider Credila Financial Services -- marking its entry
into a specialised market estimated at over Rs 30,000 crore.

Majority of officials following orders on loan disbursement

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

2nd education loan for same family only as per RBI norms: Madras HC

The Madras High Court Bench here on Tuesday held that the second education loan for a member of the
same family could be given only according to the RBI
guidelines and the loan applicant should satisfy the
conditions.