Friday, March 26, 2010


Unless we get India educated, we will not succeed as a nation.
The young and educated are the future of India.

Of late a lot is being written and discussed about upgrading the education systems in India by getting foreign universities/ institutions to set up shop in India. It is a very positive development,but wonder if all the aspects of Indian socio-economic have been taken into account.Is the policy being formulated keeping the elite in mind and the big business houses for investment opportunity.

In the ongoing education reforms,there seems no reference to advancing of study loans to students at reasonable and affordable rates of interest. Deserving students/ children of middle class families do get into a situation where lack of funds becomes a major factor, hence the need for bank loans.

Most of the Banks have a category of “education loans”. Prevailing rate of interest for “education loan” is 12-13%. By an estimate, the present disbursed amount under this category is about Rs 30,000 crores to students.

We speak so proudly about India being amongst the youngest countries, and the largest middle class in the world but fail to provide the basic money/means at nominal rates to them for further their education.

Farmers’ loans to the extent of Rs 60,000crorers were waived in the recent budget. Is the establishment waiting for suicides by the students’ fraternity before waking up to reality? Or farmers are more vote material and students aren't?

India is a young country and dreams of being a super power. India needs to worry about its students, their education and MEANS to get that education.

Students need no charity; they need loans at reasonable rates, if not interest free.
Govt need not look at political issues all the time.
It is time to look and speak beyond politics of GDP and Sensex
It is time to ensure MEANS of education for the students.

PAPPU is still looking for ROTI-KAPADA -MAKAAN


posted 26/03/10, author,b k chowla

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