Andhra Pradesh   

Give education loans liberally, banks told

By Our Staff Reporter

HYDERABAD, AUG. 8. The former Chairman of the Indian Space Research Organisation and Rajya Sabha member, K. Kasturirangan, on Sunday urged banks to be liberal in sanctioning education loans saying it would have a salutary effect on the number of students aiming for higher education.

At the 16th triennial national conference of the Corporation Bank Officers Organisation (CBOO) here, Dr. Kasturirangan said a large number of students were unable to continue higher education due to fear that their parents would have a tough time repaying the loan.

`Sympathetic' interest

While liberalising and simplifying the process of sanctioning education loans, banks could also consider a `sympathetic' rate of interest and easy repayment, he observed.

To the delight of the audience, the space scientist said there was a parallel between the success enjoyed by Corporation Bank and the way country's space programme had taken off.

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