EDUCATION LOAN

  • If I were FM: Expectations of people from the upcoming 2014 budget June 23, 2014

    CNNIBN reporter talks to people in Bangalore regarding their expectations from the 2014 budget. A student tells us how a reduction in the taxes is the need of the hour."So much of our income goes into paying education loans that the rebate for such a loan is still not good...
  • Education sector gets about 9 per cent hike February 17, 2014

    New Delhi: The education sector has got about nine per cent hike in the Interim Budget presented on Monday by Finance Minister P Chidambaram, who also proposed a moratorium on repayment of education loans, benefiting nine lakh students. The minister proposed a plan outlay of Rs 67,398 crore for the sector,...
  • P Chidambaram to meet bank chiefs on Tuesday October 21, 2013

    Finance Minister P Chidambaram will meet chairmen and managing directors of public sector banks on Tuesday to review their performance, especially the situation of nonperforming assets and credit growth. The meeting will take place at the State Bank of India (SBI) main branch office in the national capital. Chiefs of financial institutions...
  • UPA’s governance is far sighted: Chidambaram September 14, 2013

    Sivaganga: Mounting an apparent veiled attack on the governance plank of BJP’s prime ministerial candidate Narendra Modi, Union Finance Minister P Chidambaram on Saturday said while the UPA was implementing far sighted projects others were sowing hatred and dividing the people. “There are two types of governance. While we are peacefully implementing...
  • News briefs: Seven testtube babies take birth on same day in Bhopal July 28, 2013

    Seven testtube babies took birth on the same day at Bhopal Test Tube Baby Centre. These seven children include three pairs of twin. The doctor of the hospital Dr. Randhir Singh said that out of four mothers, three gave birth to twins. However, this is not the first time that...
  • If I were FM: People demand lowering of interest rate on education loan this Budget February 19, 2013

    With Budget 2013, less than a fortnight away, people from across the country are speaking up on what they want from the Finance Minister P Chidambaram this time. "If I were Finance Minister, I would reduce the education loan. Education loan is much more expensive than auto loan, and I...
  • Haryana: 4,595 girls given Rs 3.90 crore education loan December 27, 2012

    Chandigarh: To provide monetary assistance to meritorious girls of the state, Haryana government has disbursed Rs 3.90 crore to 4,595 female students under the education loan scheme. The loan was given by Women Development Corporation (HWDC) of Haryana during the current financial year. The scheme is being implemented to encourage girls...
  • Don't reject any education loan: RBI to banks November 10, 2012

    Mumbai: The Reserve Bank on Friday asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area. "Banks are advised not to reject any educational loan application for reasons that the residence of the borrower does not fall...
  • 'Govt working on guarantee scheme for educational loans' October 4, 2012

    Puducherry: In a bid to remove problems faced by students in obtaining education loans, government was working on a scheme under which it would extend guarantee for advances upto Rs 7.5 lakh, RBI Governor D Subba Rao said on Wednesday. "There are grievances of students not getting loans or encountering problems......
  • Education loan is a right of every student: PC August 19, 2012

    New Delhi: Finance Minister P Chidambaram on Saturday said an education loan is a right of every student and the officials with the public sector banks (PSBs) who are found rejecting a large number of applications may be penalised for denying the loans. "Bank account is a right of an individual....
  • Kerala to be tough on banks denying edu loan March 28, 2012

    Thiruvananthapuram: Kerala Chief Minister Oommen Chandy on Wednesday said the state government will act tough on commercial banks that do not provide educational loans to students. "It has come to our notice that banks charge different rates and we make it clear that they will not sit idle, if things...
  • Budget 2012: Dear FM, please go easy on students March 13, 2012

    Students do not have it easy as education loans do not come cheap. This year, the student community is hoping that exemptions against education loans are extended to 10 years from the current 8 years. Education qualifications to a great extent shape the careers of students. However, today coaching classes...
  • Students get tax break, women and elderly too July 6, 2009

    New Delhi: Taxpaying individuals stand to benefit this fiscal. Finance Minister Pranab Mukherjee has eased their tax burden and provided relief for specific groups of people such as senior citizens, physically handicapped and women. Mukherjee, in his Union Budget for 200910 on Monday, has increased the personal income tax exemption limit...
  • Are returns from mutual funds, PPF, taxable? March 27, 2009

    Readers ask: I am 35 and I am an engineer at a manufacturing company. I earn Rs 6 lakh as annual income. I invest Rs 15,000 in life insurance policies, Rs 10,000 in post office savings, Rs 5,000 in public provident fund (PPF), Rs 70,000 in mutual funds (tax planner)....
  • UPA woos students, plans education loan sops March 21, 2008

    New Delhi: After the agricultural loan waiver, there may be yet another loan sop in the offing by the UPA government. And this time it is the poor students who stand to benefit from this Rs 4000crore scheme being planned in the run up to the General Elections. Ankit is...
  • Education is big business for banks September 8, 2006

    Mumbai: Twentyfour year old Deepti Shirke was certain she would be an MBA one day and equally certain that she would not burden her parents to fund the high cost of getting the degree. So she decided to walk into a Dena Bank branch one day and get an education...