Rationalization Of Interest Rates Of Education Loan With Particular Referrence To Limit Above Rs.4 Lakhs

Sir,

1.Wide Variation Of rate of interest on education loan of limit Rs.4
lakhs amongst the Public Sector Banks.

2.Expenses of higher education have been increased manyfold during the
last few years consequently.Most of the students are facing
difficulties due to higher rate of interest.

3.No student should be deprived of higher education due to higher expenses.

4.Like agricultural sector the UPA Govt. should take effective steps
through budget to reduce the rate of interest on educational loan.

5.Govt. may explore possibilities of subsidising the interest
component of the educational loan.

The sender is Senior Manager of Bank Of Baroda and presently attached
with Belghoria Branch in West Bengal.

With Regards,

Mr.Tusharkanti Biswas