Copt. banks asked to provide education loans on liberal terms

Thiruvananthapuram, Sept 18 (UNI) Kerala Chief Minister V S Achuthanandan told the State Assembly today that the cooperative banks in the state had been directed to provide education loans to needy students on liberalised terms.

Replying to a Calling Attention motion by Mr K C Joseph (Cong), he said the State Level Banker's Committee (SLBC) had asked the Lead Banks in districts to open help desks to look into complaints of non-payment of education loans.

Mr Achuthanandan said as per SLBC statistics, 33,540 education loan applications out of 34,599 received last year had been cleared and a total loan of Rs 622 crore sanctioned.

The Reserve Bank had issued clear guidelines on education loans and all banks were bound to follow them, he said and warned of strict action against banks who violated the guidelines.

UNI PMM1235