Loans Without Collaterals for Bright Students
Students with financial difficulties who want to study now have an easier option. The Indian Banks Association has set a committee headed by TM Bhasin, Chairman and Managing Director of Indian Bank. As per the committee, the structure of educational loan needs to undergo a change. The committee will be sending its recommendations to the Reserve Bank of India and the Centre.
The list of recommendations includes a demand to provide an uncollateralised loan to students based on merit. Cut-off marks will be decided upon for such loans. Students’ employment potential and repayment capabilities will also be considered before granting loans. Currently, students applying for an educational loan below Rs.4 lakh are free from the burden of collaterals. This amount is soon likely to be increased.
Volume 1 Issue 1
Recent Posts
What Is a GI Tag? Bareilly’s Latest Recognition Sparks National Pride
Bareilly, a vibrant city nestled in the heart of Uttar Pradesh, has long been celebrated…
Commercialization of Self Care Sponsored by Social Media
In today's hyperconnected, fast-paced world, self-care has evolved into a way of life rather than…
Rise of OTT Platforms, Box Office Woes & Re-Release Trends In Bollywood
The audience that used to earlier flood the cinema halls, in order to escape their…
The Growing Influence of Climate Policies on Business Compliance
Rising temperatures and extreme weather events affect how entrepreneurs, small business owners and employers conduct…
Understanding Content Marketing and Its Strategies
Ever wonder why some brands seem to effortlessly grab your attention online while others fade…
Ramp Walk or Star Parade: Are Actors and Influencers Overshadowing Models?
The Indian fashion industry has significantly transformed in recent years. Fashion models are struggling to…