Other States - Puducherry   

“Avoid delay in giving educational loans”

PUDUCHERRY: Chief Minister N. Rangasamy on Wednesday appealed to all nationalised banks “not to make an undue delay” in extending education loans.

Shortly after inaugurating a branch and online stock trading point of Indbank, a subsidiary of Indian Bank, Mr. Rangasamy said there should not be any delay in distributing loans to students pursuing higher education.

Mr. Rangasamy also urged the banks not to insist on collateral security from the members of self-help groups seeking loan for starting self-employment.

Complimenting the Indian Bank for its contribution to the Union Territory’s economic growth, Mr.Rangasamy said the banks should play a proactive role in the socio-economic development of the country.

Later, talking to reporters on the disbursal of educational loans, Executive Director of the Indian Bank A. Subramanian said the bank had distributed education loans to the tune of Rs. 1,000 crore to around 60,000 applicants during the last year.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Rs. 549-crore ACP for Puducherry
VCK meet to discuss Dalit Christians’ issues
Rangasamy appeal to government workers
“Avoid delay in giving educational loans”
Assembly session
House burgled
Training programme
A shot at the record books
Local court orders inquiry against Minister

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu