Education loan defaults: Govt proposes 'credit guarantee fund'

Posted On: 23/05/2013 Updated On:

The government has proposed to set up a 'credit guarantee fund' to address cases of education loan defaults, in a move which could enhance the flow of assistance to students.

While a scheme of interest subsidy on education loans to students of weaker sections is already in place, the new fund "will address cases of education loans defaults which add to the burgeoning non-performing assets of the bank", the UPA government's Report to the People 2012-13, released on Wednesday, said.

It said the focus of the government during the 12th Five Year Plan for higher education is expansion, equity and excellence with greater thrust on improving quality in this sector.

It said under national mission on education through ICT, connectivity to 400 universities and 20,117 colleges have been provided up to April 31.

Besides, 89 virtual laboratories have been launched to provide access to these facilities in various disciplines of science and engineering through Internet.

With teacher training programme holding significance in raising standards, the report mentioned establishment of block institutes of teacher education in 196 identified SC, ST and minority-concentrated districts.

Touching on the issue of Right to Education which has "far reaching implication" of elementary education in the years to come, the report said Rs 23,836 crore has been released under the Sarva Siksha Abhiyan programme.

It said more than 10 crore students continued to get hot cooked meals under mid day meal programme across 12.12 lakh elementary schools during 2012-13.

Underlining on universalising access to secondary education, the report also said that 6000 model schools will be set up in each block of the country, of which 338 schools have already been sanctioned.

More News

Manipur Board Exams 2027: BSEM Class 10 & COHSEM Class 12 Date Sheets Released; Check Complete Subject-Wise Schedule

Manipur Board Exams 2027: BSEM Class 10 & COHSEM Class 12 Date Sheets Released; Check Complete Subject-Wise Schedule IMPHAL — The Board of Secondary Education Manipur (BSEM) and the Council of Higher Secondary Education Manipur (COHSEM) ha...

Posted On: 11/11/2026

Bihar Board Opens Registration For Free JEE, NEET Coaching 2027

Bihar Board Opens Registration For Free JEE, NEET Coaching 2027 The Bihar School Examination Board (BSEB) has initiated the registration for its complimentary coaching program aimed at students preparing for the Joint Entrance Examination (JEE) and ...

Posted On: 11/11/2026

What 3 Years of JEE Main Papers Reveal About Mastering Mathematics for 2027

Crack the Code: What 3 Years of JEE Main Papers Reveal About Mastering Mathematics for 2027 For engineering aspirants targeting JEE Main 2027, one subject consistently stands as the gatekeeper between a good rank and a dream seat: Mathematics. Over...

Posted On: 10/11/2026

Andhra Pradesh SSC 2027 Exam Fees

Andhra Pradesh SSC 2027 Exam Fees The Directorate of Government Examinations, Andhra Pradesh, has officially announced the fee payment schedule for the Class 10 (SSC) examinations set for March 2027, to be conducted in a pen-and-paper format. School...

Posted On: 10/11/2026

XLRI Announces Major XAT 2027 Updates: Marking Scheme Revised, HRM Seats Expanded to 240, and 17 New B-Schools Added

XLRI Announces Major XAT 2027 Updates: Marking Scheme Revised, HRM Seats Expanded to 240, and 17 New B-Schools Added JAMSHEDPUR — XLRI Xavier School of Management has officially introduced significant updates for the Xavier Aptitude Test (XAT)...

Posted On: 09/11/2026

CBSE Class 12th West Asia Special Exam Result 2026 Declared

CBSE Class 12th West Asia Special Exam Result 2026 Declared: How to Download Marksheet via DigiLocker NEW DELHI: The Central Board of Secondary Education (CBSE) has officially announced the results for the Class 12 Special Examination 2026 conducted...

Posted On: 07/11/2026

CBSE Class 10, 12 Exams To Begin On February 16

CBSE Class 10, 12 Exams To Begin On February 16 CBSE has announced the date sheet for the Class 10th and 12th board exams for 2027, available on their official website, cbse.gov.in, as of November 6, 2026. The Class 10 board exams will take place fr...

Posted On: 07/11/2026

CBSE Practical Exam Schedule 2027 Announced for Winter-Bound Schools: Key Guidelines & Dates Issued

CBSE Practical Exam Schedule 2027 Announced for Winter-Bound Schools: Key Guidelines & Dates Issued NEW DELHI — The Central Board of Secondary Education (CBSE) has officially released the schedule for Class 10 and Class 12 practical examin...

Posted On: 06/11/2026

ICAI CA Foundation Result 2026

ICAI CA Foundation Result 2026 The Institute of Chartered Accountants of India (ICAI) is announcing the results of the CA Foundation for the September 2026 session on November 6, 2026. A press release from the institute indicates that the scor...

Posted On: 06/11/2026

JEE Main 2027 Registration Relief: NTA Permits NRI Candidates to Use Passports as Identity Proof

JEE Main 2027 Registration Relief: NTA Permits NRI Candidates to Use Passports as Identity Proof NEW DELHI — In a major relief for overseas engineering aspirants, the National Testing Agency (NTA) has officially allowed Non-Resident Indian (NR...

Posted On: 05/11/2026

View all

Admission Open

ICFAI University (IFHE)

Hyderabad, Telangana

BBA, BCA, L.L.B, LLM, B.Arch, B.Sc, BA, MA, EMBA, BA LLB (Hons.), BBA LLB (Hons.), Ph.D in Law, Ph.D, PG Diploma, Ph.D (Economics), B.E / B.Tech, Ph.D

Apply Brochure