Calcutta HC: Demolition Orders Cannot be Challenged under Article 226 if a Statutory Appeal Exists || Kerala High Court: Disability Pension is Payable to Voluntary Dischargee For Service-Related Illness || Calcutta High Court: Partition Decree is Executable Only After Stamp Duty Payment || Calcutta HC: Contempt Court Cannot Grant New Relief Beyond Original Order Once Compliance is Met || Kerala High Court: Intentional Judicial Decisions Cannot be Altered as Clerical Errors under CPC || Supreme Court: Delay In Filing Appeals under Section 74 of 2013 Land Acquisition Act is Condonable || SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions || SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute || SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending || SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved

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">