GROWTH AND PATTERN OF EDUCATIONAL LOAN AND NPA IN KERALA

GROWTH AND PATTERN OF EDUCATIONAL LOAN AND NPA IN KERALA
Author(s):
AMITHA GEETHU SOMAN
Keywords:
commercial banks, educational loan, higher education, loan outstanding,NPA
Abstract
Today, the financing of higher education is one of the many concerns relating to higher education that are of the biggest importance. Student loan programmes hold a significant place among the various forms of higher education funding that have evolved in India since liberalisation. With its dominance in India's financial sector, the commercial banking system is the key participant in this area. Yet, there have been differences in how the commercial banking system has provided educational loans in different Indian states. Kerala leads all other states in the amount of educational loans offered by the commercial banking system. In Kerala, more than 47% of enrolled students use educational loans.To a large part, Kerala's trend towards professional education over the past 15 years is responsible for the state's growing importance of student loans. Yet, the state's situation with regard to student loans is currently precarious. A significant share of student loan debt is still unpaid, which significantly affects the state's banking system's performing assets. Its tremendous importance would undoubtedly impair the banking system's ability to function.
Article Details
Unique Paper ID: 158900 Publication Volume & Issue: Volume 9, Issue 10 Page(s): 836 - 838
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