tag:blogger.com,1999:blog-1119938787029858342.post3092761805698951153..comments2023-11-06T00:54:22.016-08:00Comments on progressive banker: Educational Loans FacilityDr Chowdari Prasad http://www.blogger.com/profile/16105185062650471401noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1119938787029858342.post-31163895167325250842010-05-10T18:06:04.126-07:002010-05-10T18:06:04.126-07:00Exactly two months back, I wrote this item in my b...Exactly two months back, I wrote this item in my blog. The Hindu of Monday the May 10 (page 11) carries a news item with a caption "Set up Loan Guarantee Authority for Education Loans" as suggested by Dr Montek Singh Ahluwalia of Planning Commission to the Ministry of HRD, GOI in connection with setting up of NEFC. There would be a 'fast track' approach and two divisions - one for dealing with infrastructure loans and the other for loan guarantees. This is yet another progressive steps in reforming the higher education domain in India. <br /><br />NEFC would refinance the institutional loans available to colleges for capacity expansion and new investments etc., at PLR of banks. The repayment would be 15-20 years with a five year moratorium on principal repayment. Our Planners and Policy Makers seem to be thinking and working on right lines in recent times towards Higher Education issues instead of suspecting, punishing and corrupt ways hither to. All Educationists and Institutions should welcome such steps.Dr Chowdari Prasad https://www.blogger.com/profile/16105185062650471401noreply@blogger.comtag:blogger.com,1999:blog-1119938787029858342.post-39382212390068955562010-03-11T04:09:04.780-08:002010-03-11T04:09:04.780-08:00This was much coveted which is going to materializ...This was much coveted which is going to materialize now. To me it appeared that giving educational loans was a kind of CSR for the PSU banks and not exactly a much sought after source of revenue. The private banks in this regard are also not that friendly, as they are with personal loans or home loans.Anirban Duttahttps://www.blogger.com/profile/10423633419872222905noreply@blogger.com