Del. HC: Denying Seat to Candidate Due to Administrative Fault Would be Unjust  ||  All. HC: Not Mandatory for Passport Authority to Impound Passport of Accused Persons  ||  Raj. HC: In Absence of Statutory Rules, Denying Appt. on Basis of Minimum Height is Discriminatory  ||  MP HC: Party Required to Lay Factual Foundation for Getting Benefit of Section 65 of Evidence Act  ||  Ker. HC: Settlement of Cases Including Offence of Rape & POCSO Act Offences is Not Permissible  ||  Gujarat High Court: Wife Allowed to Become Guardian & Manager of Husband in Coma  ||  SC: Partition of Property Can’t be Done by Metes & Bounds in Chandigarh  ||  SC Approves Requirement for Judicial Officers to be Converse With Local Language  ||  Kerala High Court: Denial of Ordinary Leave Reduces Convict’s Chances of Rehabilitation  ||  Delhi HC Issues Circular Regarding Pass-Overs or Adjournments in Bail, Parole Matters    

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">        

Disclaimer | Copyright 2024 - All Rights Reserved