Del. HC Stresses Mandatory Legal Assistance to Preserve Fairness and Integrity of Criminal Trials || Supreme Court: Delhi High Court Ruling upheld on Taekwondo National Sports Federation Recognition || SC: Blockchain-Based Digitisation of Land Records Necessary to Reduce Property Document Litigation || Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC || Bombay HC: Railway Employee With Valid Privilege Pass is Bona Fide Passenger Despite Missing Entries || Delhi High Court: Mere Pleadings Made To Prosecute or Defend a Case Do Not Amount To Defamation || Delhi High Court: Asking an Accused To Cross-Examine a Witness Without Legal Aid Vitiates The Trial || Delhi High Court: Recruitment Notice Error Creates No Appointment Right Without Vacancy || Supreme Court: Subordinate Legislation Takes Effect Only From its Publication in The Official Gazette || Supreme Court: DDA Must Adopt a Litigation Policy To Screen Cases and Avoid Unnecessary Filings

Education Loan Bill, 2016 - (11 Mar 2016)

Education

The Education Loan Bill, 2016, a private member bill introduced in the Lok Sabha, aims to bring the concept of sponsored educational disbursements to students, but via the private sector. Under the premise of the Bill, applications made to banks for educational loans will mandatorily be accepted by banks, which cannot refuse loans on any ground, insist on any sort of guarantee, charge higher than stipulated interest or initiate a recovery process before the completion of one year of securing a job by a student. Loans will also be waived off if students fails to secure employment within five years of completing their course. The Bill does not make distinction between public sector banks and private banks.

Tags : EDUCATION LOAN REFUSAL WAIVER

Share : Education Loan Bill">