విద్యా రుణాలు పడిపోతున్నాయి, మేలుకో మోడీజీ ||Educational Loans on Decline
At a time when the cost of higher education in India is spiralling higher, it is disturbing that banks should be witnessing a slowdown in their student loan portfolios. A recent BusinessLine report noted that priority sector education loans disbursed by banks registered a year-on-year decline of 5.6 per cent in November 2019, following a 4.7 per cent drop in 2018 and a 3.3 per cent per cent dip in 2017. Given that children’s education remains the top priority for aspirational Indian households and that sought-after higher degrees are far from affordable for most folk, it is inconceivable that shrinking education loan disbursements represent a demand-side problem.
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విద్యా రుణాలు పడిపోతున్నాయి, మేలుకో మోడీజీ ||Educational Loans on Decline At a time when the cost of higher education in India is spiralling higher, it is disturbing that banks should be witnessing a slowdown in their student loan portfolios. A recent BusinessLine report noted that priority sector education loans disbursed by banks registered a year-on-year decline of 5.6 per cent in November 2019, following a 4.7 per cent drop in 2018 and a 3.3 per cent per cent dip in 2017. Given that children’s education remains the top priority for aspirational Indian households and that sought-after higher degrees are far from affordable for most folk, it is inconceivable that shrinking education loan disbursements represent a demand-side problem.
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