PNB launches education loan scheme in Valley
GK NEWS NETWORK
Srinagar, Oct 5: The Punjab National Bank, J&K circle, today launched an intensive Education Loan Campaign across the Valley.
In this connection the bank held an inaugural workshop-cum-seminar today in SSM college of Engineering Technology Parihaspora Kashmir.
Inaugurating the workshop M Latif Mir AGM Punjab National Bank Area Office Srinagar joined by A K Mota Chief Manager Retail Hub Srinagar assured the student community of hassle free education loans from the bank for pursuing their higher and technical education.
They said the bank had taken this step under the stewardship of RC Kaul, Deputy General Manage, J&K operations, for the welfare of the student community.
“The bank has a 104 years old presence in the Valley as its first branch was opened in Srinagar city in May 1905,” they said.
They said the bank had simplified its Education Loan Scheme to suit the needy and deserving students across the length and breadth of the country.
Regarding the conditions for the loan, they said: “A candidate should have obtained admission in any recognized college or institution through entrance examination or normal process of selection and no collateral security is needed up to Rs 4 lakh,” they said, adding that this amount was sufficient to cover maximum technical and higher education courses.
The officials did on the spot registration of students for education loans. A power point presentation was made by A K Mota Chief Retail Hub Srinagar for the students who evinced keen interest in the scheme.
It was informed by bank officials that maximum amount of loan for studies in India was Rs 10 lakhs while it was Rs 20 lakhs for studies abroad.
The officials said the repayment period had a moratorium of six months from the date of employment or one year from the date of completion of the course whichever was first.
Parental income was not a precondition for these loans and even the poor segment of the society was eligible for this loans provided the student was meritorious.
Others who spoke in the programme included Dr Nazir ahmed Shah Principal SSM college of engineering Technology , Dr M R D Kundangar Dean Academics, Mrs Dil Afroza Qadiri Vice Chairperson of the institution and Ghulam Jeelani, Manager Retail Loaning Srinagar HUB.
Lastupdate on : Mon, 5 Oct 2009 21:30:00 Makkah time
Lastupdate on : Mon, 5 Oct 2009 18:30:00 GMT
Lastupdate on : Tue, 6 Oct 2009 00:00:00 IST
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