Lok Sabha Question No. 2050 (UNSTARRED), answered on 2022-03-14
Subject: Education Loan
Ministry: FINANCE
Asked by: D.K. Suresh, Nalin Kumar Kateel

## GOVERNMENT OF INDIA

## MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOKSABHA

## UNSTARRED QUESTION NO. 2050

TO BE ANSWERED ON THE 14 th MARCH, 2022, PHALGUNA23, 1943 (SAKA)

## EDUCATION LOAN

2050. SHRI D.K. SURESH:

## SHRI NALIN KUMAR KATEEL:

Will the Minister of FINANCE be pleased to state:

- (a) the details of outstanding balance of education loan in the country at present, State/District-wise;
- (b) whether the Government is considering to give any relief to those students who could not continue their education due to covid-19 lockdown imposed in the country; and
- (c) if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE(DR. BHAGWAT KARAD)

- (a) As per information furnished by State Level Bankers' Committee, details of outstanding balance of education loan in the country as on 31 st December, 2021, are at Annex.
- (b) & (c):  To  help  borrowers  tide  over  any  difficulties  in  the  wake  of  Covid  19,  RBI  has allowed moratorium of six months on payment of all instalments falling due between March 1, 2020 and August 31, 2020 without an asset classification downgrade. Further, RBI, in its Monetary Policy August, 2020, introduced stimulus measures to restructure the debt if the loans  were  classified  as  'standard'  as  on  1 st March,  2020.  This  may  include, inter-alia , rescheduling of payments, conversion of any interest accrued, or to be accrued, into another credit  facility,  or,  granting  of  moratorium  based  on  assessment  of  income  stream  of  the borrowers,  subject  to  a  maximum  of  two  years.  Correspondingly,  the  overall  tenor  of  the loan may also get modified commensurately.

## Annexure to part (a) of Lok Sabha Unstarred Question No. 2050 for 14.03.2022 State-wise details of outstanding balance of education loan in the country as on 31.12.2021

Outstanding balance

| State/Union Territories                  | No. of A/cs   | Outstanding balance (in crore ₹ )   |
|------------------------------------------|---------------|-------------------------------------|
| Andaman and Nicobar Islands              | 531           | 26.53                               |
| Andhra Pradesh                           | 96,434        | 6,189.84                            |
| Arunachal Pradesh                        | 370           | 13.11                               |
| Assam                                    | 13,194        | 493.36                              |
| Bihar                                    | 87,346        | 2,954.97                            |
| Chandigarh                               | 4,168         | 349.25                              |
| Chattisgarh                              | 17,744        | 703.56                              |
| Dadra and Nagar Haveli and Daman and Diu | 474           | 41.91                               |
| Delhi                                    | 35,666        | 2,284.53                            |
| Goa                                      | 8,134         | 502.45                              |
| Gujarat                                  | 49,234        | 3,527.47                            |
| Haryana                                  | 30,404        | 1,774.94                            |
| Himachal Pradesh                         | 13,592        | 485.92                              |
| Jammu and Kashmir                        | 14,163        | 586.74                              |
| Jharkhand                                | 40,394        | 1,992.20                            |
| Karnataka                                | 2,10,437      | 7,964.98                            |
| Kerala                                   | 3,07,670      | 11,050.90                           |
| Ladakh                                   | 33            | 2.86                                |
| Lakshadweep                              | 14            | 0.47                                |
| Madhya Pradesh                           | 88,637        | 3,045.19                            |
| Maharashtra                              | 1,90,637      | 8,882.29                            |

| Manipur       | 832       | 39.54     |
|---------------|-----------|-----------|
| Meghalaya     | 3,554     | 149.87    |
| Mizoram       | 299       | 10.37     |
| Nagaland      | 347       | 15.41     |
| Odisha        | 61,057    | 2,117.48  |
| Puducherry    | 16,831    | 430.1     |
| Punjab        | 31,025    | 2,086.30  |
| Rajasthan     | 43,102    | 2,083.31  |
| Sikkim        | 765       | 20.44     |
| TamilNadu     | 6,25,735  | 16,301.93 |
| Telengana     | 62,962    | 5,064.10  |
| Tripura       | 4,386     | 106.86    |
| Uttar Pradesh | 1,05,142  | 4,269.58  |
| Uttarakhand   | 19,899    | 903.13    |
| West Bengal   | 71,639    | 3,005.12  |
| Total         | 22,56,851 | 89,477.01 |

Source:  Convenors of State and Union Territory Level Bankers' Committees