EDUCATION IS THE MOST IMPORTANT THING FOR ALL PEOPLE IN THIS WORLD:-). BUT DUE TO SOME POOR STATUS OF THEIR FAMILY THE PEOPLE WHO BORN IN OLD GENERATION WERE NOT GIVEN GOOD EDUCATION:-). BUT NOW THOSE GENERATION PEOPLE ARE TRYING TO GIVE GOOD EDUCATION TO THEIR CHILDREN:-). IN THAT TOO MANY POOR CHILDREN WHO HAVE GOOD KNOWLEDGE TO STUDY BECAUSE OF THEIR PARENTS LOW INCOME THEY COULD NOT ABLE TO TAKE THEIR HIGHER STUDIES:-). SO THE GOVERMENT HAVE TO TAKE STEPS TO THOSE PEOPLE:-). AND ONE MORE THING SEATS SH
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On Fri, 03 Dec 2010 08:10 IST Prime Point Srinivasan wrote:
>dear friends
>
>We have been time and taking up through Education Loan Task Force (ELTF)
>with the banks/RBI, the problems faced by highly brilliant, poor students.
> Yesterday, Chennai High Court has directed the banks not to reject the
>applications on flimsy grounds. The message may be circulated to the
>deserving students. Please read the story appeared in todays Times of
>India.
>
>Srinivasan
>Convenor
>Education Loan Task Force
>www.eltf.co.cc
>
>http://timesofindia.indiatimes.com/city/chennai/HC-warns-against-denying-edu-loans-on-minor-technical-grounds/articleshow/7032059.cms
>
>HC warns against denying edu loans on minor technical grounds
>
>Read more: HC warns against denying edu loans on minor technical grounds -
>The Times of India
>http://timesofindia.indiatimes.com/city/chennai/HC-warns-against-denying-edu-loans-on-minor-technical-grounds/articleshow/7032059.cms#ixzz170oBWU4V
>
>CHENNAI: Coming down heavily on banks for denying education loans to
>students on minor technical grounds, the Madras high court has said that
>educated youth are the building blocks of the nation. The court also
>directed the chairmen of nationalised and commercial banks to instruct their
>managers to process education loan applications "sympathetically".
>
>Justice R Sudhakar, passing orders on the writ pleas of twin sisters G
>Dhivya and G Preethi, observed: "Education loan should not be denied on
>hyper-technicalities... Bank managers should not develop retrograde
>attitude... They have to promote the cause of education, which will empower
>youth of our nation."
>
>The sisters had approached the high court after the Sengundram branch of the
>Canara Bank in Vellore district refused to sanction an education loan to
>help them pursue an engineering course at Veltech Hi-tech Engineering
>College at Avadi here. The applications were rejected on the ground that the
>girls' father had obtained a loan to run a poultry farm from the same bank.
>
>The bank claimed that there was nothing wrong in the refusal as the girls
>were unable to produce a no-objection certificate from other banks. Noting
>that entitlement to an educational loan was not automatic, the high court
>said the bank was well within the ambit of government policy to deny it.
>
>However, the judge pointed out that a no-due certificate from banks should
>not be insisted upon as a precondition for granting educational loans.
>Justice Sudhakar said there was no such clause to the effect that a girl,
>who was a co-applicant in her father's farm loan, would not be eligible for
>her own education loan. "This will be contrary to the scheme of providing
>education loan," the judge said.
>
>Agreeing that students cannot avail of more than one education loan at a
>time, Justice Sudhakar said: "This should not be confused with the loan
>availed of by the father from a bank for his business purpose... It is
>therefore clear that the scheme of an education loan is independent of other
>loans -- business or agriculture."
>
>Underlining the important of education loans, Justice Sudhakar said that
>banks should have a positive attitude and encourage students to utilise loan
>facilities to pursue their education.
>
>Taking into account the importance of bank managers and the laudable purpose
>of education loans, the judge said: "Chairmen of nationalised and commercial
>banks should suitably instruct bank managers, especially in rural areas, to
>ensure that as and when eligible and poor students apply for educational
>loan, their case should be considered sympathetically and in a
>customer-friendly manner to promote the cause of education and
>nation-building as the scheme is intended to fill up the vacuum that the
>state is feeling difficult to fill... Bank managers should not develop a
>retrograde attitude and deny education loan arbitrarily."
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