December 9, 2019 6:53 PM

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No case of student suicide due to pressure for repayment of education loan: Govt

<span style="color: #222222;">The Government today informed the Lok Sabha that no case of student suicide due to unbearable pressure from banks for repayment of education loan has come to its notice.<br />''<br />''In a written reply, Finance Minister Nirmala Sitharaman said public sector banks have been sensitised to adopt a non-coercive strategy for loan recovery. She further informed that no proposal is being considered for the waiver of education loans.<br />''<br />''She said in the last three years – from 2016-17 to March this year – the outstanding education loans have increased to 75,451 crore rupees from about 67,686 crore.</span><br />

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