Browsing by Author "Esakkiammal C"

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    STATE-WISE DEPLOYMENT OF EDUCATION LOAN IN INDIA
    (International Research Journal of Management and Commerce, 2017-10) Thulasipriya B; Esakkiammal C
    Economic growth in recent years has been based on availability and quality of knowledge in any country, which in turn depends on access and affordability to education. Finances for education are mobilized from different sources like government spending, fees, educational loans, and others. Among these, educational loan has been seen as an alternative way of financing for education. In 2001, the Indian Banks Association has come up with a model frame work for educational loans in the country. With the approval of the Central Government the public sector and private sector banks in India started to give education loans. With the increasing need of education loan, it is necessary to evaluate the distribution of education loan by banks both state wise and region wise in India. Among the region-wise distribution of education loan southern region contributes the highest share of education loan accounts and state Tamil Nadu contributes the highest share of education loan in the state-wise deployment of education loan. The percentage analysis of deployment of education loan state wise and region wise had resulted that, though the distribution of the education loan all over India is increasing, RBI along with the Government can craft the scheme to make it more feasible to the northern and north eastern region of India.
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    A STUDY ON BANK WISE PERFORMANCE OF EDUCATIONAL LOAN LENT BY PUBLIC SECTOR BANKS IN INDIA
    (International Journal of Pure and Applied Mathematics, 2018-09) Thulasipriya B; Esakkiammal C
    Education is globally recognised as the basic human rights. Particularly, in thecontext of globalisation, universalization of education had become an international policy. In India,even though both primary and secondary educations are prioritised in budgetary allocation, higher education is the worst affected sector, particularly with the dwindling of budgetary allocation. On one hand, the demand for higher education has increased over time and, on the other, the allocation of resources was grossly inadequate for this level of education. In India, though finance of education is provided by the Government through scholarship, subsidies, fees, and various other means education loan subsidised through bank could prove to be the best alternative channel for funding higher education. Public sector banks play a predominant role in financing the education loan in India. With the high cost of education and the need of education loan, it is necessary to evaluate the bank-wise performance of public sector banks providing education loan in India. The bank-wise distribution of education loan were analysed by collecting secondary data for a period of five years (2013-2017) from the various annual reports of ministry of finance and various banks. The percentage and rank analysis of setting out of bank wise education loan had resulted that,State Bank of Indiahad contributed more in the disbursement of education loan in the nation.Though SBI,Canara bank, IOB,Indian bank and PNB were the major banks in lending education finance, steps would be taken by RBI along with the Government to distribute theeducation loan scheme by all the public sector banks evenly so that the maximum number of students in India would be benefited by the education loan scheme.
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    A STUDY ON EDUCATION LOAN OF COMMERCIAL BANKS IN INDIA
    (Researchers World-- Journal of Arts, Science & Commerce- Vol 8 issue 2(8) – UGC Approved, 2017-07) Thulasipriya B; Esakkiammal C
    In the most developing countries education sector faces a major crisis of funding. As this crisis threatens the fundamental right of a person to education, a paradigm shift in thepattern of funding of education is urgently needed. Financing of education is generally done by government scholarship, subsidies, fees, Education loan and various other means. Education loan can be popularized as an alternate source of funding of higher education as it is easily accessible to the students. In India, education loan schemes have been in operation for quite some time and commercial banks are the major players in lending the education loans. With the increasing need of education loan, it is necessary to evaluate the performance of education loan provided by banks in India and the association of the number of loan accounts and the number of loans given by the commercial banks. This analysis has resulted that there is a positive growth of education loan in India and also there is high association between the total loan amount and the total number of loan accounts. Though the performance of the education loan isgood, RBI along with the Government can liberalise the scheme to make it more feasible to the public.
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    A STUDY ON RECITAL EDUCATION LOAN LEND BY BANKS IN TAMILNADU
    (RESEARCH REVIEW International Journal of Multidisciplinary, 2018-10-03) Thulasipriya B; Esakkiammal C
    Education is central to the Human capitals improvement and empowerment in any country. The success of any nation depends on the skill and competence of its human resources. With nearly 30 per cent of India’s population are young, educational industry in India provides great growth opportunity and scope for higher education has widened. In India, It has one of the largest pools of talent with excellent educational background, qualifying them for numerous higher educational programs in India. The cost of education is rising. With the increasing cost of higher education, the students who want to satisfy their higher education dreams For achieving their objectives, they are ready to stretch beyond their capacities and means. When their personal financial resources do not provide them with sufficient support, they go for external finance. This is where the role of financial institutions assumes great importance. In India, though finance of education is provided by the Government, commercial banks and other private institutions. Education loan supported through bank could prove to be the best unconventional channel for funding higher education. The banks play a predominant role in financing the education loan in India and in the state. With the high cost of education and the need of education loan, it is necessary to evaluate the bank-wise performance of public sector banks providing education loan in Tamil Nadu. The bank-wise distribution of education loan were analyzed by collecting secondary data for a period of five years (2013-2017) from the various annual reports of State Level Banker’s committee and various banks. The percentage analysis of setting out of bank wise education loan had resulted that, public sector banks had contributed more in the disbursement of education loan in the state of Tamil Nadu. Though private sector and regional rural banks are also giving their contribution in imparting education finance, steps would be taken by RBI and State Level Banker’s committee along with the State Government to distribute the education loan scheme by all the banks evenly so that the maximum number of students in Tamil Nadu would be benefited by the education loan scheme.