Saturday, February 11, 2012



in Education / Continuing Education    (submitted 2011-07-07)

Power does not lie being in possession of wealth or property. Power lies in being educated and knowledgeable.
Education is life. Education is light. Illiteracy is darkness. Illiterate person has lot of problem. If you are educated, motivate others to learn and be educated. Education enables to know your rights and fight for them. Wonder of education. I am sitting at home and writing this article. It may be read throughout the world and millions may benefit.
In India, Right to Education Act gives right to every child between the age 6yrs to 14 yrs get FREE education. Some state Governments have gone further and have extended this free education and other facilities to students up to 12th class. Girls enjoy some extra facilities.
Parents and guardians arise and awake to make your children educated so that India may become a knowledge country and knowledge society may contribute to the world development.
Indian Government in consultation with Reserve Bank of India (RBI) and Indian Banks Association(IBA) has framed a scheme for Education Loan so that no deserving student may remain uneducated for lack of funds and go to school and college for doing course of his/her own choice. The new scheme covers all types of courses in India and abroad including professional courses in schools and colleges.
Salient Features of the Scheme:
1. Loans for study in India up to Rs. 7.50 lacs.
2. Loans for study abroad i.e. foreign country Rs. 15.00 lacs.
3. No collateral security or margin for loan upto Rs. 4.00 lacs.
4. Interest on loans up to Rs. 4.00 lacs not to exceed PLR 
i.e. Prime Landing Rate.
5. Interest on loans exceeding Rs. 4.00 lacs PLR + 1%
6. Loans to be repaid in a period of 5 to 7 years.
7. Repayment will start after 12 months from the date of 
completion of course.
DOCUMENTS NEEDED FOR LOAN: (Consult the concerned bank)
1. Identity Proof
2. Resident Proof
3. Proof of income of the borrower(Optional some banks don• t ask)
4. Admission letter 
5. Fee Schedule as given by the college.
Repayment of loan instalments up to Rs. 40000/- is deductible under Section 80E of Income Tax Act for a period of 8 years. Professional or other full time courses are eligible for this deduction.
RESERVE BANK OF INDIA (RBI) has issued instructions to all banks to sanction Education Loans on priority basis.
SO EDUCATION IS NOW EASY TO PURSUE. Every body can get. Mr. Bob Foster one of my Links is 90 years of age and is fit to run his business and attend his college. Why can• t you?
Education is a better guard of liberty than standing army.

About the Author

Founder Director: Institute for Personality Development(Venture of Mind Power Institute), 165/64-J, Bhai Randhir Singh Nagar, Ludhiana(India), Phone: 0161-2455560 Branch Office: "Knwoledge Park" STEP, Govt. of India, Backside Nanakana Sahib Public School, Gill Road, Ludhiana
We make you WINNERS.
Prof. P.K.Keshap
Prof. P.K.Keshap

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