(a) the details of outstanding balance of education loan in the country at present, State/District-wise;
(b) whether the Government is considering to give any relief to those students who could not continue their education due to covid-19 lockdown imposed in the country; and
(c) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) As per information furnished by State Level Bankers’ Committee, details of outstanding balance of education loan in the country as on 31st December, 2021, are at Annex.
(b) & (c): To help borrowers tide over any difficulties in the wake of Covid 19, RBI has allowed moratorium of six months on payment of all instalments falling due between March 1, 2020 and August 31, 2020 without an asset classification downgrade. Further, RBI, in its Monetary Policy August, 2020, introduced stimulus measures to restructure the debt if the loans were classified as ‘standard’ as on 1st March, 2020. This may include, inter-alia, rescheduling of payments, conversion of any interest accrued, or to be accrued, into another credit facility, or, granting of moratorium based on assessment of income stream of the borrowers, subject to a maximum of two years. Correspondingly, the overall tenor of the loan may also get modified commensurately.
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Annexure to part (a) of Lok Sabha Unstarred Question No. 2050 for 14.03.2022
State-wise details of outstanding balance of education loan in the country as on 31.12.2021
State/Union Territories No. of A/cs Outstanding balance (in crore ? )
Andaman and Nicobar Islands 531 26.53
Andhra Pradesh 96,434 6,189.84
Arunachal Pradesh 370 13.11
Assam 13,194 493.36
Bihar 87,346 2,954.97
Chandigarh 4,168 349.25
Chattisgarh 17,744 703.56
Dadra and Nagar Haveli and Daman and Diu 474 41.91
Delhi 35,666 2,284.53
Goa 8,134 502.45
Gujarat 49,234 3,527.47
Haryana 30,404 1,774.94
Himachal Pradesh 13,592 485.92
Jammu and Kashmir 14,163 586.74
Jharkhand 40,394 1,992.20
Karnataka 2,10,437 7,964.98
Kerala 3,07,670 11,050.90
Ladakh 33 2.86
Lakshadweep 14 0.47
Madhya Pradesh 88,637 3,045.19
Maharashtra 1,90,637 8,882.29
Manipur 832 39.54
Meghalaya 3,554 149.87
Mizoram 299 10.37
Nagaland 347 15.41
Odisha 61,057 2,117.48
Puducherry 16,831 430.1
Punjab 31,025 2,086.30
Rajasthan 43,102 2,083.31
Sikkim 765 20.44
TamilNadu 6,25,735 16,301.93
Telengana 62,962 5,064.10
Tripura 4,386 106.86
Uttar Pradesh 1,05,142 4,269.58
Uttarakhand 19,899 903.13
West Bengal 71,639 3,005.12
Total 22,56,851 89,477.01
Source: Convenors of State and Union Territory Level Bankers'' Committees