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Education Loans Guarantee Scheme by RBI

Are you planning to take an education loan from any PSU Bank? Then you will be happy after reading this post. The Government of India is thinking of giving you guarantee for education loans till Rs.7.5 lakh. Providing guarantee remain a big issue for the students who want to avail education loan facility from banks.

The RBI Governor, D Subba Rao has informed that the proposal to offer guarantee to education loans is aimed at removing problems faced by students in securing a education loan.

There are complaints from students that getting loans for education in the present scenario is not a cake walk. Considering the difficulties, the Government is working on guarantee scheme for education loans.

The RBI is also concerned on providing education loans to all the students who want to go for higher education irrespective of their past performance and joining institution. Let us hope the new scheme will be materialized soon.

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