Volume : V, Issue : XI, November - 2016

COMMERCIAL BANKS FINANCING HIGHER EDUCATION: ISSUES AND CHALLENGES

Sangeetha P, Dr. A. Raghurama

Abstract :

 Higher Education is the most important medium for ensuring the advancement of the people of a country. Since Independence, higher education sector in India observed the enormous growth along with the rapid growth of the needs of higher education. Governments share in education budget expenditure has gone down drastically, because of massive expansion and globalisation. Education loan or student loan is considered one of the alternative sources of financing higher education. ?is loan scheme is administered by the commercial banks in India with the objective that no student desirous of higher education will be deprived of from pursuing higher education owing to financial problems. ?is paper examines the various issues and challenges of financing higher education by Commercial Banks under the Education Loan Scheme.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Sangeetha P, Dr. A. Raghurama, COMMERCIAL BANKS FINANCING HIGHER EDUCATION: ISSUES AND CHALLENGES, International Journal of Scientific Research, Volume : 5 | Issue : 11 | November 2016

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