Rs. 3.3 Crore Educational Loans disbursed to Students

Education loan has opened the doors of higher educational institutions to poor students in rural areas, according to Revenue Minister I. Periasamy

He was disbursing educational loan to the tune of Rupee 3.3 crore to students here on Friday.

Many poor students who scored good marks and got admission to self-financing engineering colleges could not join the course, owing to financial crunch.

Education loan came to their rescue.

He advised bankers to be liberal in disbursing educational loan.

Students should also be firm in repaying the loan. Prompt repayment of loan alone will encourage bankers to offer educational loan to several students in future, said the Minister.

Sanitary napkin-vending machines at a cost of Rupee 3 lakh will be installed in eight government and government-aided higher secondary schools in the district and at G.T.N Arts College in Dindigul and A.P.A. Women’s Arts College in Palani. The SHG women would man these units, he announced.

Collector M. Vallalar said these machines were manually operated ones.

Earlier, bankers had collected 1,405 petitions from students at a loan mela held at the Collectorate. After scrutiny, they offered loan to 153 students.

Mr. Periasamy gave away vending machines to SHGs, land pattas to five transgenders residing at Koovanuthu in Palani and economic assistance to SHGs.

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