(a) whether the Government is aware that several Banks are placing stringent
conditions for grant of Education Loan;
(b) if so, whether many of these conditions are against the declared policy of the Government;
(c) if so, the details thereof alongwith the conditions being imposed by the Banks;
(d) whether education loan is provided for commercial pilot courses; and
(e) if so, the deta.Is thereof?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a),(b) & (c) : Banks are to comply with the guidelines spelt out by Indian Banks`
Association(IBA)/Reserve Bank of India (RBI) and as such no stringent conditions are
placed for grant of education loan.
(d) & (e) : As reported by Indian Banks` Association, banks acre not providing education
loan for commercial pilot courses as the same is a training course. However, banks are free
to consider loan for pursing commercial pilot licenses on terms other than that of
education loan.