This
information was given by the Minister of State for Finance, Shri Namo
Narain Meena in written reply to a question in Rajya Sabha today.(22,
May 2012)
Education
Loans for Engineering Students
The
Indian Banks’ Association (IBA) had circulated a Model Educational Loan
Scheme for implementation to its member banks with broad operational
guidelines. Banks may adopt the scheme with discretion to make changes as
deemed fit.
The
scheme is for all Indian Nationals who have secured admission to
professional/technical courses in India or abroad through an entrance
test/merit based selection process.
As
per the scheme, the assessment of the educational loan is based on
the employability and earning potential of the student upon completion of the
course.
This
information was given by the Minister of State for Finance, Shri Namo Narain
Meena in written reply to a question in Rajya Sabha today.
Source
WWW.gservants.com
Info by Mumbai shri Rajkumar