(a) whether most of the students joined for Diploma and Degree courses in Nursing,
in colleges in Tamil Nadu and other States particularly in Bangalore are being denied
Education Loans by the nationalised banks;
(b) if so, the reasons therefor; and
(c) the remedial measures taken by the Government in this regard?
(MINISTER OF STATE IN THE MINISTRY OF FINANCE) (SHRI PAWAN KUMAR BANSAL)
(a), (b) & (c) : Indian Banks` Association(IBA) has circulated the Model Education Loan
Scheme, 2004 to all Scheduled Commercial Banks for implementation. The Scheme provides
broad guidelines indicating, inter-alia, courses eligible for education loan. The specific
complaints, if any, regarding non-sanctioning of education loan by banks for eligible
courses to eligible and deserving candidates/students are investigated and remedial
measures are taken. Information available from 15 Public Sector Banks indicates that
banks are extending education loans to all eligible students applying for recognized
courses including Nursing.