The Hindu : Business : SBT scores in granting education loans

Online edition of India's National Newspaper
Tuesday, Dec 25, 2007
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SBT scores in granting education loans

Special Correspondent

THIRUVANANTHAPURAM: The State Bank of Travancore has sanctioned the most number of education loans in the State, according to figures placed before the State-level Bankers Committee, which met here on Monday. It sanctioned 62,634 loans totalling Rs. 827.23 crore. This is 41.61 per cent of the total number of loans sanctioned in the State by all commercial banks. The market share of the SBT in number of branches is 15 per cent and in advances and total business, 21 per cent.

An official press note said the banks took keen interest in sanctioning these loans. Applications normally got rejected for reasons such as absence of mandatory approval from authorities, such as the All India Council for Technology Education and the University Grants Commission, shortage of marks for eligibility and unapproved courses.

K. Jayakumar, Agricultural Production Commissioner, J. Sudhakaran, Principal Secretary, SC/ST Development Department, Teeka Ram Meena, Secretary (Planning), Sarada Muraleedharan, Executive Director, “Kudumbasree”, A. Ajithkumar, Commissioner for Rural Development, Ajay Kumar, Secretary, IT Department, Parvathy V. Sundaram, General Manager, RBI and Bhawar Puri, Chief General Manger, NABARD spoke at the SLBC meeting.

Shailaja Chandra, Executive Director, Jansankhya Sthirata Kosh (JSK), Government of India made a presentation on National Population Stabilisation fund and its significance.

P. Mohanan, General Manger, Canara Bank and convenor, SLBC-Kerala presented the agenda items

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