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Education Loan in India–A Review


Affiliations
1 School of Management, IMS Unison University, Dehradun, Uttarakhand, India
     

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Education is one of the primary area which the Govt. of India identified as a Priority sector segment for Banks to finance. Accordingly, Education loan scheme was formulated and propagated and Public sector, private sector Banks and other Financial Institutions made concentrated financing in this category in the last decade. However, it has been observed that in the recent past there is a surge in Non-performing loans of this segment (education loan) granted by the Banks / FIs. The present paper analyses reasons of high default and suggests some steps for Banks & FIs to obviate such slippages.

Keywords

Education Loan, Irregular loan, Non-Performing Loans, Indian Banks Association (IBA).
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  • Financial daily --Business Standard, March 30, 2018.
  • Financial daily -- Business Today, December 24, 2017.
  • Financial daily -- Financial Express, January 23, 2018.
  • Financial daily -- Times of India, December 23, 2017.
  • Chakrabarty, K. C. (2011, June 17). Deputy Governor, RBI at ASSOCHAM’s National Banking Conclave, New Delhi.
  • Patel, A., & Bhandari, K. (2017). A study on efficacy of education loan from students’ perspective.

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  • Education Loan in India–A Review

Abstract Views: 89  |  PDF Views: 0

Authors

Sandeep M. Khanwalker
School of Management, IMS Unison University, Dehradun, Uttarakhand, India

Abstract


Education is one of the primary area which the Govt. of India identified as a Priority sector segment for Banks to finance. Accordingly, Education loan scheme was formulated and propagated and Public sector, private sector Banks and other Financial Institutions made concentrated financing in this category in the last decade. However, it has been observed that in the recent past there is a surge in Non-performing loans of this segment (education loan) granted by the Banks / FIs. The present paper analyses reasons of high default and suggests some steps for Banks & FIs to obviate such slippages.

Keywords


Education Loan, Irregular loan, Non-Performing Loans, Indian Banks Association (IBA).

References