Education Loan Priority Sector | GyanDhan
A country’s development depends on its youth and education can empower individuals. Therefore, categorizing education loans under the priority sector. To promote holistic development and propel economic growth. This classification requires banks to allocate some of their funds to provide affordable education loans to students who want to pursue higher education. It is observed that INR 5,531 billion from a total of INR 236,023 billion in the priority sector is allocated to the education loan category. In this blog, you will learn about priority sector lending meaning and the education loan under priority sector eligibility, loan limits, and some useful tips for student loans.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan-priority-sector