Ensure educational loans are granted to students, Ramadoss urges governments

The PMK founder, noting reports of the decline in banks granting educational loans to students, said this would badly affect students’ higher education prospects

In the wake of reports citing a 39% fall in banks extending educational loans to students in Tamil Nadu, Pattali Makkal Katchi (PMK) founder S. Ramadoss on Tuesday urged the Central and State governments to ensure that banks granted educational loans to students who have recently passed their Class 12 exams. In a statement, Mr. Ramadoss cited the Class 12 exam results published on Monday and the expected publishing of the Class 12 exam results for CBSE students in the next few days and contended that most of their higher education depended on educational loans from banks. “It is disappointing to note reports about banks hesitating to extend educational loans citing the economic slowdown due to COVID-19. Though it is true that the average income of parents have come down, it is not just to deny the educational opportunities of the children,” Mr. Ramadoss contended.