Education Loan News in India May 2012

PAN card mandatory for education loan 17/May/2012
Banks have started asking for PAN Card of both student and parent who apply for education loan. According to the District Lead Bank Manager, J. Vanangamudi, in the case of students whose annual family income is Rs. 4.5 lakh or less, they are ..
Banks cannot deny educational loan says HC 12/May/2012
The Madras High Court has held that a nationalised bank cannot deny a student-applicant an educational loan solely on the ground that admission was secured under the management quota. Justice M Jaichandren set aside an order of a nationalised ..
Sibal attacks plan panel for rejecting proposal on edu loans 9/May/2012
HRD Minister Kapil Sibal hit out at the Planning Commission for rejecting a proposal to set up an education finance corporation to refinance student education loans, saying the move was against the interest of the students. "The HRD Ministry has been knocking at the doors of Planning Commission ..
Higher education loan for Plus-Two students 6/May/2012
Coimbatore District Collector M. Karunagaran, convened a meeting of principals of Higher Secondary Schools in the district and representatives of banks at Mani High School on Thursday in an attempt to simplify the procedures involved in availing education loans for Plus-Two students. Principals from 292 ..