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Press Information Bureau
Government of India
Ministry of Finance
30-November-2012 17:53 IST
Public Sector Banks had during 2011-12, received 5199 complaints in education loans, including those of denial of loans, out of which 5190 were disposed of and 9 were pending. Complaints regarding educational loans, as and when received by the concerned banks are taken up for corrective measures. Bank-wise details are as under:
S.N. | Name of the Bank | No. of applications | ||
Received | Disposed of | Pending | ||
1. | Allahabad Bank | 22 | 22 | 0 |
2. | Andhra Bank | 11 | 11 | 0 |
3. | Bank of Baroda | 33 | 33 | 0 |
4. | Bank of India | 30 | 30 | 0 |
5. | Bank of Maharashtra | 8 | 8 | 0 |
6. | Canara Bank | 117 | 108 | 0 |
7. | Central Bank of India | 174 | 174 | 0 |
8. | Corporation Bank | 27 | 27 | 0 |
9. | Dena Bank | 6 | 6 | 0 |
10. | Indian Bank | 217 | 217 | 0 |
11. | Indian Overseas Bank | 39 | 39 | 0 |
12. | Oriental Bank of Commerce | 19 | 19 | 0 |
13. | Punjab & Sind Bank | 2 | 2 | 0 |
14. | Punjab National Bank | 148 | 148 | 0 |
15. | Syndicate Bank | 63 | 63 | 0 |
16. | UCO Bank | 24 | 24 | 0 |
17. | Union Bank of India | 23 | 23 | 0 |
18. | United Bank of India | 4 | 4 | 0 |
19. | Vijaya Bank | 4 | 4 | 0 |
20. | State Bank of India | 4076 | 4076 | 0 |
21. | State Bank of Bikaner & Jaipur | 27 | 27 | 0 |
22. | State Bank of Hyderabad | 0 | 0 | 0 |
23. | State Bank of Mysore | 0 | 0 | 0 |
24. | State Bank of Patiala | 12 | 12 | 0 |
25. | State Bank of Travancore | 106 | 106 | 0 |
26. | IDBI Bank Ltd. | 7 | 7 | 0 |
| Total | 5199 | 5190 | 9 |
Source: PSBs
The Model Educational Loan Scheme of Indian Banks’ Association aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad. The main emphasis is that a meritorious student, though poor, is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.
* * *
DSM/RS/bs
Education loan complaints prompt corrective measures and reliance on model educational loan scheme to support meritorious students. Public sector banks reported receipt and disposition of education loan complaints for 2011-12, with most matters disposed and a small number pending; banks undertake corrective measures upon receiving complaints. The Model Educational Loan Scheme of the Indian Banks' Association serves to provide affordable bank finance to meritorious but poor students for higher education in India and abroad. of Press 'Enter' after typing page number.
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