Coimbatore District Collector M. Karunagaran organised a meeting with principals of higher secondary schools of the district and with bank representatives at the local Mani High School recently. The meeting was held to make getting education loans easier for two plus students.
The meeting was attended by 292 district school principals and bank officials. Mr. Karunagaran said that though 7,506 students were provided education loans worth Rs.149.76 last year, generally students faced a lot of difficulties in availing loans from banks.
According to him, the initiative was to make sure that no eligible student would not be denied opportunity for higher education due to financial constrain.
Mr. Karunagarn said under this initiative top scorers from each school would be bank provided loans.
The imitative would also aid other eligible students to get education loans from banks.
The Meeting discussed the procedures involved in availing education loans and the banks were asked to make loans available to eligible students.
Mr. Karunagaran said that students should be made aware of the terms and procedures involved in availing education loans. They should know that no interest would be charged for students who were below a particular income limit.