THIRUVANANTHAPURAM: The State government should take the responsibility of all educational loans in the state and should take the initiative to make the education loans free of cost, said K Hariprasad, vice-president of Indian Nurses’ Parents’ Association (INPA), here at Press Club the other day.
“Around six lakh persons who took education loans from various banks have become debtors. Around 50 percent of them are nurses. Most of the banks had increased interest rates violating RBI norms. They have violated the RBI norms by collecting documents from loanees for loans less than Rs 4,00,000. Under RBI norms, no documents need to be collected for loans less than Rs 4,00,000,” he said.
“The governments has failed to ensure the job and minimum salary for those who studied with the help of loan. So the government should take up the responsibility of education loans,” he said.
Raising these demands, INPA will take out a Secretariat march on August 20. Metropolitan Bishop Geevarghese Mor Coorilos will inaugurate the march which will start from LMS junction.