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Kerala govt monitors collateral-free education loan
Our Bureau
THIRUVANANTHAPURAM: The State Government has set up a monitoring mechanism that will review the sanction of collateral-free education loans of up to Rs 4 lakh.
Announcing this, an official spokesman said here that the loans would be sanctioned to those recommended by the Commissioner, Entrance Examinations, as eligible for admission into professional colleges in the private sector in the State. With this in view, State-level and district-level monitoring committees have been set up.
The district-level monitoring committee will comprise of the District Collector, Lead Bank Manager and a specifically assigned representative of the Department of Higher Education. Their names have been separately notified.
The district-level committees will review the progress of the sanctioning procedure and also look into complaints, if any, raised in the matter. They have been directed to hold meetings once every two weeks during the next two-month period. General Manager, Canara Bank, Kerala Circle, will be the convenor of the State-level review committee on which Principal Secretary, Higher Education, and Secretary, Planning, will be members.
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