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Maharashtra: NCP MLC urges Centre to curtail interest rate of education loans
Updated On: 05 August, 2021 12:00 AM IST | Aurangabad | PTI
'The current interest rates are between 9 and 13 per cent, which is quite high, making education loans unaffordable to common people. The Covid-19 pandemic has hit people in rural areas financially, especially those in the farming community. They are concerned about how they can repay loans they have availed,' the MLC stated in a memorandum
Photo for representational purpose. Pic/ istock
Education loans have become unaffordable for students due to high interest rates, NCP MLC Satish Chavan from Marathwada graduates' constituency claimed and said he has raised the issue with Union Minister of State for Finance Dr Bhagwat Karad.
Chavan, in a release, stated that he met Dr Karad in New Delhi on Wednesday and urged that interest rates on education loans be curtailed.
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