Lok Sabha Question No. 103 (UNSTARRED), answered on 2020-02-03
Subject: Educational Loans
Ministry: FINANCE
Asked by: Janardan Singh Sigriwal

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES LOK SABHA ANSWERED ON THE 3 rd  FEBRUARY, 2020, MAGHA 14, 1941 (SAKA)

## EDUCATIONAL LOANS

## 103. SHRI JANARDAN SINGH SIGRIWAL:

Will the Minister of FINANCE be pleased to state:

- (a)  the details of the educational loans provided by the nationalized banks during each of the last three years, State/UTs-wise particularly in Bihar;
- (b) whether it is a fact that the numbers of educational loans have reduced drastically in recent past and if so, the reasons therefor;
- (c)  whether the Government is contemplating any steps to increase the provision of educational loans; and
- (d)  if so, the details thereof and the steps taken by the Government in this direction?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANURAG SINGH THAKUR)

- (a) to (d): Disbursement of educational loans by Public Sector Banks (PSBs) has increased from  Rs 11,650 crore in Financial Year (FY) 2016-17 to Rs 13,638 crore in FY 2017-18 and further to Rs 15,126 crore in FY 2018-19. Details of the educational loans disbursed by PSBs during each of the last three financial years and till December, 2019 in the current financial year, State/UT-wise, are given in the Annexure.

To facilitate easy processing and disbursal of loans, Government has launched a web-based portal namely, Vidya Lakshmi Portal. Students can view, apply and track their education loan applications online by accessing the portal.

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| Annexure                | Annexure                              | Annexure                              | Annexure                              | Annexure                              |
|-------------------------|---------------------------------------|---------------------------------------|---------------------------------------|---------------------------------------|
|                         | 2016-17                               | 2017-18                               | 2018-19                               | 2019-20 (Upto Dec, 2019               |
| States                  | Amount disbursed (Amount in Rs crore) | Amount disbursed (Amount in Rs crore) | Amount disbursed (Amount in Rs crore) | Amount disbursed (Amount in Rs crore) |
| Andaman &Nicobar Island | 3                                     | 3                                     | 3                                     | 7                                     |
| Andhra Pradesh          | 995                                   | 1006                                  | 1439                                  | 1245                                  |
| Arunachal Pradesh       | 1                                     | 2                                     | 2                                     | 2                                     |
| Assam                   | 91                                    | 112                                   | 97                                    | 86                                    |
| Bihar                   | 309                                   | 430                                   | 286                                   | 202                                   |
| Chandigarh              | 61                                    | 63                                    | 71                                    | 68                                    |
| Chattisgarh             | 129                                   | 142                                   | 140                                   | 143                                   |
| Dadra &Nagar Haveli     | 2                                     | 2                                     | 3                                     | 3                                     |
| Daman &Diu              | 2                                     | 3                                     | 2                                     | 2                                     |
| Delhi                   | 429                                   | 553                                   | 553                                   | 515                                   |
| Goa                     | 39                                    | 62                                    | 74                                    | 79                                    |
| Gujarat                 | 464                                   | 661                                   | 865                                   | 836                                   |
| Haryana                 | 276                                   | 378                                   | 415                                   | 401                                   |
| Himachal Pradesh        | 70                                    | 86                                    | 89                                    | 81                                    |
| Jammu &Kashmir          | 26                                    | 34                                    | 37                                    | 37                                    |
| Jharkhand               | 346                                   | 445                                   | 439                                   | 412                                   |
| Karnataka               | 1154                                  | 1393                                  | 1489                                  | 1390                                  |
| Kerala                  | 815                                   | 1032                                  | 1269                                  | 1350                                  |
| Lakshadweep             | 2                                     | 5                                     | 4                                     | 3                                     |
| Madhya Pradesh          | 441                                   | 511                                   | 540                                   | 559                                   |
| Maharashtra             | 1463                                  | 1710                                  | 1938                                  | 1778                                  |
| Manipur                 | 5                                     | 6                                     | 6                                     | 7                                     |
| Meghalaya               | 22                                    | 29                                    | 25                                    | 24                                    |
| Mizoram                 | 1                                     | 1                                     | 1                                     | 1                                     |
| Nagaland                | 27                                    | 55                                    | 23                                    | 19                                    |
| Orissa                  | 229                                   | 256                                   | 280                                   | 264                                   |
| Puducherry              | 34                                    | 35                                    | 43                                    | 37                                    |
| Punjab                  | 329                                   | 400                                   | 468                                   | 404                                   |
| Rajasthan               | 274                                   | 395                                   | 466                                   | 453                                   |
| Sikkim                  | 3                                     | 3                                     | 3                                     | 2                                     |
| Tamil Nadu              | 1564                                  | 1490                                  | 1425                                  | 1435                                  |
| TELENGANA               | 866                                   | 923                                   | 1124                                  | 1038                                  |
| Tripura                 | 15                                    | 13                                    | 12                                    | 11                                    |
| Uttarakhand             | 458                                   | 549                                   | 579                                   | 507                                   |
| Uttar Pradesh           | 306                                   | 367                                   | 407                                   | 421                                   |
| West Bengal             | 399                                   | 482                                   | 508                                   | 506                                   |
| Total                   | 11650                                 | 13638                                 | 15126                                 | 14324                                 |

Source: PSBs

*Provisional Data