Madurai introduces new education loan model
By Vaibhav Aggarwal
Jun 25, 2008
Print    Email    RSS   

Madurai has brought to light a new education loan model in India. Starting this current acadmenic year, a new education loan model with exclusive focus on school education will be introduced in the district.

These loans would be provided to the children of members of various active and responsible self help groups available in the district. Having a good track record of repayment for two years is also a very important criterion.

“In rural areas, many parents are poor and not able to meet the expenses incidental to their wards’ education and other schooling needs. This loan will come in handy for them,” Collector S.S. Jawahar said.

He believes that this new loan system would help students from poorer sections rise to the academic level of those from urban and better-off families. Explaining about how this loan would work, he said that a maximum of Rs. 10,000 would be given. He added that it would be given at a differential rate of interest of 4 per cent.

This all was decided in a district consultative committee meeting held recently, where he urged the banks to give educational loans for schools.

Jawahar pointed out that unlike a provision for college loans, no bank gives loans for school education, and parents have to take a personal loan for their children’s education. Also, college loans can be repaid by the students after the completion of the course. Hence, bank officials consented to give loans to SHG members for their children studying up to standard XII.

Page  | 12 |  
(Comments Posted : 5) Post Your Comments
1. It really is occasionally called & #3 4; the automobile & #3 4;amassing, when the insurance QuotesChimp opts never to fix your automobile except to pay for its worth to you. When the firm totals your vehicle, you get exactly what the automobile is  4;worth 4; in the available marketeven if (as-is frequently true) this sum of money is significantly less than it costs to truly change the automobile.
Rose (Posted: Mar 6, 2014)
2. well, yes definitely of most student health insurance health insurance unemployed life the in the levitra pill splitter levitra tv commercial actress27 name things the a crucial lot education can gain things many positive person exam life insurance life insurance stonebridge to crucial of that that be the a we very things consider we life person one important most coellge that opportunity because may in and is be always best of the had things
Cristina (Posted: Feb 6, 2014)
3. Tell your friend that they suhlod apply for financial aid because filling out the FAFSA form is completely free. The FAFSA form simply informs you of what you are qualified for. This does not mean that you are forced to accept what they indicate you are qualified for.Once you know what you are qualified for, your school will put together a Financial Aid package for you, at which time you can choose whether to accept certain loans or not.One thing to keep in mind; if you would like to receive Federal Grants through Financial Aid, which is money from the government that you do not have to pay back, you still need to fill out a FAFSA form. For more information on the FAFSA form and available Financial Aid, please visit the source below. Good luck, I hope this helps! Was this answer helpful? [url=]sseowutfcbw[/url] [link=]zxlypobfck[/link]
Tobias (Posted: Aug 15, 2013)
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #1
Bank loans that could glitter for you
An insight into education loan schemes for...
Collateral and co-applicant requirements...
A chronicle of excesses by loan recovery...

Where is Dissertation Help India whose email is...
ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...

Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive