BHOPAL: Eligible students should not remain deprived of the benefits of higher education loan scheme. It is being contemplated to formulate 3 schemes by merging various schemes being implemented by different departments. This was stated by Chief Secretary Anthony de Sa at 154th meeting of state level bankers here on Monday. The Chief Secretary congratulated the bankers on disbursement of loans in 3.03 lakh cases during year 2013-14 , which is 136 percent more than last year.
The Chief Secretary said that 50 percent of the target should be met in the first and second quarter. He said that sanction and distribution of loan should be made within the time-limit prescribed by Reserve Bank of India. The Chief Secretary assured the banks that government will cooperate in recovery of loans. He said that a decision will be taken soon to give departmental officers the powers of revenue officers to expedite loan recovery.