interest subsidy to eligible students. RBI advised that as per the central government as well as IBA guidelines, the CSIS is applicable to all eligible students who pursue technical and professional education studies in India beginning from the academic year 2009-10. SLBC circulated these guidelines to controlling authorities of all banks vide Lr.No.666/30/330/427 dated 20.09.2014 for strict compliance. Padho Pardesh Scheme for interest subsidy on Education loans for Overseas Studies for – the Minority communities : Padho Pardesh scheme for interest subsidy on Education loans for Overseas Studies i.e., Masters, – M.Phil & Ph. D for the studies belonging to the Minority communities Viz. Muslims, Christians, Sikhs, Buddhists, Jains and Parsis (effective from 2013-14) Government of India, Ministry of Minority Affairs has formulated a scheme for interest subsidy on education loans for overseas studies to promote educational advancement of students from minority for adoption by all banks. In order to support students from economically weaker communities’ sections of notified minority communities of the society, the scheme is introduced by Government of India. Overdue/NPAs under Education Loans as on 30.09.2014 (Rs. In crores) Non – Performing Outstanding Overdue Assets No. of Total Actual Sector No. of Amount overdue balance in overdue No. of Amount a/cs accounts overdue amount accounts accounts 137664 2960 23930 611 221 9953 203 Education loans (The figures are indicative as the data has not been received from all member banks) The percentage of total balance in overdue accounts & NPA to outstandings is 20.64% & 6.86% respectively. AGENDA- 9 EXPORT CREDIT SLBC has taken up with export & industry Associations and Banks for furnishing issues to be discussed in export subcommittee meetings. SLBC has not received any issues in this regard.
interest subsidy to eligible students. RBI advised that as per the central government as well as IBA guidelines, the CSIS is applicable to all eligible students who pursue technical and professional education studies in India beginning from the academic year 2009-10. SLBC circulated these guidelines to controlling authorities of all banks vide Lr.No.666/30/330/427 dated 20.09.2014 for strict compliance. Padho Pardesh – Scheme for interest subsidy on Education loans for Overseas Studies for the Minority communities : Padho Pardesh – scheme for interest subsidy on Education loans for Overseas Studies i.e., Masters, M.Phil & Ph. D for the studies belonging to the Minority communities Viz. Muslims, Christians, Sikhs, Buddhists, Jains and Parsis (effective from 2013-14) Government of India, Ministry of Minority Affairs has formulated a scheme for interest subsidy on education loans for overseas studies to promote educational advancement of students from minority communities’ for adoption by all banks. In order to support students from economically weaker sections of notified minority communities of the society, the scheme is introduced by Government of India. Overdue/NPAs under Education Loans as on 30.09.2014 (Rs. In crores) Sector Outstanding Overdue Non – Performing Assets No. of a/cs Amount No. of overdue accounts Total balance in overdue accounts Actual overdue amount No. of accounts Amount Education loans 137664 2960 23930 611 221 9953 203 (The figures are indicative as the data has not been received from all member banks) The percentage of total balance in overdue accounts & NPA to outstandings is 20.64% & 6.86% respectively. AGENDA- 9 EXPORT CREDIT SLBC has taken up with export & industry Associations and Banks for furnishing issues to be discussed in export subcommittee meetings. SLBC has not received any issues in this regard.
188th%20SLBC%20of%20AP%20-%20%20AGENDA.docx