Lok Sabha Question No. 85 (STARRED), answered on 2025-02-10
Subject: Credit Guarantee Fund for Education Loan
Ministry: EDUCATION
Asked by: Shri Mukeshkumar Chandrakaant Dalal

## GOVERNMENT OF INDIA MINISTRY OF EDUCATION DEPARTMENT OF HIGHER EDUCATION

## LOK SABHA STARRED QUESTION NO. 85

ANSWERED ON- 10/02/2025

## Credit Guarantee Fund for Education Loan

## *85.   SHRI MUKESHKUMAR CHANDRAKAANT DALAL

Will the Minister of EDUCATION be pleased to state: (a) the details of the budget allocation for the Credit Guarantee Fund for Education Loan; (b) the data on total number of students benefited from this fund in the last five years along with their geographical and demographic distribution particularly in Gujarat; (c)  the  details  of  results  observed  on  access  to  higher  education  and  loan  repayment  rates, supported by relevant data; and (d) the details of mechanisms put in place to monitor and evaluate the effectiveness of the

- Credit Guarantee Fund for Education Loan and the key performance indicators tracked?

## ANSWER

## MINISTER OF EDUCATION (SHRI DHARMENDRA PRADHAN)

(a) to (d): A Statement is laid on the Table of the House

*****

## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA STARRED  QUESTION  NO.  85  ANSWERED  ON  10.02.2025  ASKED  BY  SHRI MUKESHKUMAR CHANDRAKAANT DALAL, HON'BLE MEMBER OF PARLIAMENT  REGARDING  'CREDIT  GUARANTEE  FUND  FOR  EDUCATION LOAN'

(a) Under  the  Pradhan  Mantri  Uchchatar  Shiksha  Protsahan  Yojana  (PM-USP)  Credit Guarantee  Fund  Scheme  for  Education  Loan  (PM-USP  CGFSEL),  the  government  of India  provides  credit  guarantee  on  education  loans  sanctioned  up  to  ₹  7.50  lakh.  The guarantee cover is 75% of the outstanding default. The National Credit Guarantee Trustee Company Ltd (NCGTC) is trustee of the credit guarantee fund. Total Corpus approved for the credit guarantee fund is ₹ 3,500 crore. As per status report provided by the NCGTC, as on 31 st December 2024, aggregate fund available under the credit guarantee fund for education loan is more than ₹3,019 crore. (b) During  the  years  2020,  2021,  2022,  2023  and  2024,  more  than  6.78  lakh  credit guarantees  have  been  issued  under  the  Scheme.  State-wise  and  gender-wise  number  of beneficiaries  of  the  CGFSEL  scheme  during  the  years  2020  to  2024  are  given  at  the Annexure. (c) As per information provided by the NCGTC, up to December 2024, more than 11.26 lakh credit  guarantees  were  issued  since  inception  of  the  scheme.  More  than  1.91  lakh credit guarantees were issued during January-December 2024. Further, the NCGTC has informed that out of 11.26 lakh credit guarantees, about 50,800 have been observed as NPA, which is about 4.5% of the total credit guarantees issued. This shows that majority of  the  students  are  repaying  the  loans  for  which  the  government  of  India  has  provided credit guarantee. (d) The NCGTC prepares quarterly report on status of operations under the scheme for monitoring  purposes.  The  performance  indicators  include  both  the  number  of  credit guarantees issued and the NPAs reported in the scheme. These reports are analyzed on a

- regular basis to assess adequacy of funds available for credit guarantee.

*****

## ANNEXURE

ANNEXURE REFERRED TO IN REPLY OF PART (B) OF THE LOK SABHA STARRED QUESTION NO. 85 ANSWERED ON 10/02/2025 ASKED  BY  SHRI  MUKESHKUMAR  CHANDRAKAANT  DALAL,  HON'BLE  MEMBER  OF  PARLIAMENT  REGARDING  CREDIT GUARANTEE FUND FOR EDUCATION LOAN

| State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued   |
|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|
| State                                                           |                                                                 |                                                                 |                                                                 | 2021                                                            | 2021                                                            | 2021                                                            |                                                                 |                                                                 |                                                                 |                                                                 |                                                                 |                                                                 |                                                                 |                                                                 |                                                                 | Total No of Students                                            |
|                                                                 | F                                                               | M                                                               | T                                                               | F                                                               | M                                                               | T                                                               | F                                                               | M                                                               | T                                                               | F                                                               | M                                                               | T                                                               | F                                                               | M                                                               | T                                                               | Total No of Students                                            |
| ANDAMAN AND NICOBAR ISLANDS                                     | 11                                                              | 9                                                               | 0                                                               | 9                                                               | 20                                                              | 0                                                               | 26                                                              | 27                                                              | 0                                                               | 68                                                              | 70                                                              | 0                                                               | 39                                                              | 51                                                              | 0                                                               | 330                                                             |
| ANDHRA PRADESH                                                  | 2181                                                            | 3891                                                            | 0                                                               | 2915                                                            | 4935                                                            | 1                                                               | 4369                                                            | 7658                                                            | 1                                                               | 5673                                                            | 8915                                                            | 1                                                               | 6068                                                            | 9637                                                            | 2                                                               | 56247                                                           |
| ARUNACHAL PRADESH                                               | 7                                                               | 6                                                               | 0                                                               | 15                                                              | 14                                                              | 0                                                               | 26                                                              | 22                                                              | 0                                                               | 47                                                              | 22                                                              | 0                                                               | 25                                                              | 13                                                              | 0                                                               | 197                                                             |
| ASSAM                                                           | 330                                                             | 369                                                             | 0                                                               | 594                                                             | 683                                                             | 0                                                               | 891                                                             | 911                                                             | 0                                                               | 1148                                                            | 1235                                                            | 0                                                               | 1165                                                            | 1100                                                            | 0                                                               | 8426                                                            |
| BIHAR                                                           | 500                                                             | 1129                                                            | 0                                                               | 752                                                             | 1683                                                            | 0                                                               | 1016                                                            | 2502                                                            | 0                                                               | 1491                                                            | 3626                                                            | 0                                                               | 1499                                                            | 3663                                                            | 0                                                               | 17861                                                           |
| CHANDIGARH                                                      | 50                                                              | 66                                                              | 0                                                               | 60                                                              | 98                                                              | 0                                                               | 86                                                              | 123                                                             | 0                                                               | 91                                                              | 124                                                             | 0                                                               | 51                                                              | 78                                                              | 0                                                               | 827                                                             |
| CHHATTISGARH                                                    | 442                                                             | 384                                                             | 0                                                               | 624                                                             | 633                                                             | 0                                                               | 844                                                             | 799                                                             | 0                                                               | 1301                                                            | 1283                                                            | 0                                                               | 884                                                             | 937                                                             | 0                                                               | 8131                                                            |
| DADRA AND NAGAR HAVELI                                          | 1                                                               | 5                                                               | 0                                                               | 4                                                               | 12                                                              | 0                                                               | 16                                                              | 13                                                              | 0                                                               | 12                                                              | 16                                                              | 0                                                               | 11                                                              | 24                                                              | 0                                                               | 114                                                             |
| DAMAN AND DIU                                                   | 2                                                               | 3                                                               | 0                                                               | 1                                                               | 7                                                               | 1                                                               | 5                                                               | 6                                                               | 0                                                               | 14                                                              | 23                                                              | 0                                                               | 2                                                               | 6                                                               | 0                                                               | 70                                                              |
| DELHI                                                           | 508                                                             | 868                                                             | 0                                                               | 959                                                             | 1675                                                            | 0                                                               | 1852                                                            | 2985                                                            | 1                                                               | 1148                                                            | 2358                                                            | 0                                                               | 1082                                                            | 2007                                                            | 0                                                               | 15443                                                           |
| GOA                                                             | 73                                                              | 72                                                              | 0                                                               | 100                                                             | 140                                                             | 0                                                               | 130                                                             | 121                                                             | 0                                                               | 205                                                             | 176                                                             | 0                                                               | 158                                                             | 156                                                             | 0                                                               | 1331                                                            |
| GUJARAT                                                         | 768                                                             | 1276                                                            | 0                                                               | 977                                                             | 1499                                                            | 0                                                               | 1849                                                            | 2680                                                            | 0                                                               | 1485                                                            | 2028                                                            | 0                                                               | 1174                                                            | 1763                                                            | 2                                                               | 15501                                                           |
| HARYANA                                                         | 479                                                             | 760                                                             | 0                                                               | 714                                                             | 1204                                                            | 0                                                               | 855                                                             | 1416                                                            | 0                                                               | 1168                                                            | 2010                                                            | 0                                                               | 1128                                                            | 1811                                                            | 1                                                               | 11546                                                           |
| HIMACHAL PRADESH                                                | 346                                                             | 299                                                             | 0                                                               | 437                                                             | 495                                                             | 0                                                               | 532                                                             | 677                                                             | 0                                                               | 751                                                             | 913                                                             | 0                                                               | 694                                                             | 924                                                             | 1                                                               | 6069                                                            |
| JAMMU AND KASHMIR                                               | 64                                                              | 97                                                              | 0                                                               | 129                                                             | 160                                                             | 0                                                               | 109                                                             | 193                                                             | 0                                                               | 155                                                             | 269                                                             | 0                                                               | 329                                                             | 548                                                             | 0                                                               | 2053                                                            |
| JHARKHAND                                                       | 541                                                             | 970                                                             | 0                                                               | 805                                                             | 1384                                                            | 0                                                               | 1248                                                            | 1894                                                            | 0                                                               | 1447                                                            | 2724                                                            | 0                                                               | 1361                                                            | 2568                                                            | 1                                                               | 14943                                                           |
| KARNATAKA                                                       | 4340                                                            | 5082                                                            | 0                                                               | 6594                                                            | 7202                                                            | 1                                                               | 9644                                                            | 10449                                                           | 2                                                               | 13011                                                           | 13937                                                           | 1                                                               | 15996                                                           | 17262                                                           | 1                                                               | 103522                                                          |

| State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   | State-wise and Gender-wise CGFSEL Number of Guaranteed Issued Female(F), Male (M), Transgender (T)   |
|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|
| State name                                                                                           |                                                                                                      |                                                                                                      |                                                                                                      | 2021                                                                                                 | 2021                                                                                                 | 2021                                                                                                 | 2022                                                                                                 | 2022                                                                                                 | 2022                                                                                                 | 2023                                                                                                 | 2023                                                                                                 | 2023                                                                                                 |                                                                                                      |                                                                                                      |                                                                                                      | Total No of Students                                                                                 |
| State name                                                                                           | F                                                                                                    | M                                                                                                    | T                                                                                                    | F                                                                                                    | M                                                                                                    | T                                                                                                    | F                                                                                                    | M                                                                                                    | T                                                                                                    | F                                                                                                    | M                                                                                                    | T                                                                                                    | F                                                                                                    | M                                                                                                    | T                                                                                                    | Total No of Students                                                                                 |
| KERALA                                                                                               | 5435                                                                                                 | 3216                                                                                                 | 0                                                                                                    | 7746                                                                                                 | 5043                                                                                                 | 1                                                                                                    | 11186                                                                                                | 6856                                                                                                 | 0                                                                                                    | 14780                                                                                                | 8602                                                                                                 | 0                                                                                                    | 16044                                                                                                | 9833                                                                                                 | 2                                                                                                    | 88744                                                                                                |
| LAKSHADWEEP                                                                                          | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 1                                                                                                    | 0                                                                                                    | 1                                                                                                    | 1                                                                                                    | 0                                                                                                    | 1                                                                                                    | 1                                                                                                    | 0                                                                                                    | 2                                                                                                    | 0                                                                                                    | 0                                                                                                    | 7                                                                                                    |
| MADHYAPRADESH                                                                                        | 1137                                                                                                 | 1720                                                                                                 | 0                                                                                                    | 1561                                                                                                 | 2347                                                                                                 | 0                                                                                                    | 2083                                                                                                 | 3313                                                                                                 | 0                                                                                                    | 2905                                                                                                 | 4615                                                                                                 | 1                                                                                                    | 2537                                                                                                 | 3907                                                                                                 | 1                                                                                                    | 26127                                                                                                |
| MAHARASHTRA                                                                                          | 4111                                                                                                 | 5710                                                                                                 | 1                                                                                                    | 4827                                                                                                 | 6288                                                                                                 | 1                                                                                                    | 7140                                                                                                 | 10111                                                                                                | 1                                                                                                    | 9402                                                                                                 | 12286                                                                                                | 0                                                                                                    | 9855                                                                                                 | 12846                                                                                                | 3                                                                                                    | 82582                                                                                                |
| MANIPUR                                                                                              | 31                                                                                                   | 27                                                                                                   | 0                                                                                                    | 23                                                                                                   | 23                                                                                                   | 0                                                                                                    | 40                                                                                                   | 42                                                                                                   | 0                                                                                                    | 80                                                                                                   | 66                                                                                                   | 0                                                                                                    | 116                                                                                                  | 66                                                                                                   | 0                                                                                                    | 514                                                                                                  |
| MEGHALAYA                                                                                            | 46                                                                                                   | 17                                                                                                   | 0                                                                                                    | 65                                                                                                   | 54                                                                                                   | 0                                                                                                    | 125                                                                                                  | 80                                                                                                   | 0                                                                                                    | 203                                                                                                  | 119                                                                                                  | 0                                                                                                    | 247                                                                                                  | 98                                                                                                   | 0                                                                                                    | 1054                                                                                                 |
| MIZORAM                                                                                              | 6                                                                                                    | 2                                                                                                    | 0                                                                                                    | 9                                                                                                    | 12                                                                                                   | 0                                                                                                    | 6                                                                                                    | 5                                                                                                    | 0                                                                                                    | 14                                                                                                   | 9                                                                                                    | 0                                                                                                    | 16                                                                                                   | 6                                                                                                    | 0                                                                                                    | 85                                                                                                   |
| NAGALAND                                                                                             | 13                                                                                                   | 13                                                                                                   | 0                                                                                                    | 26                                                                                                   | 14                                                                                                   | 0                                                                                                    | 26                                                                                                   | 20                                                                                                   | 0                                                                                                    | 40                                                                                                   | 51                                                                                                   | 0                                                                                                    | 78                                                                                                   | 46                                                                                                   | 0                                                                                                    | 327                                                                                                  |
| ODISHA                                                                                               | 623                                                                                                  | 1162                                                                                                 | 0                                                                                                    | 766                                                                                                  | 1324                                                                                                 | 0                                                                                                    | 1129                                                                                                 | 1938                                                                                                 | 0                                                                                                    | 1906                                                                                                 | 3298                                                                                                 | 0                                                                                                    | 1884                                                                                                 | 3136                                                                                                 | 0                                                                                                    | 17166                                                                                                |
| PUDUCHERRY                                                                                           | 153                                                                                                  | 159                                                                                                  | 0                                                                                                    | 141                                                                                                  | 136                                                                                                  | 1                                                                                                    | 181                                                                                                  | 202                                                                                                  | 0                                                                                                    | 238                                                                                                  | 265                                                                                                  | 0                                                                                                    | 580                                                                                                  | 648                                                                                                  | 0                                                                                                    | 2704                                                                                                 |
| PUNJAB                                                                                               | 452                                                                                                  | 569                                                                                                  | 0                                                                                                    | 678                                                                                                  | 842                                                                                                  | 0                                                                                                    | 1005                                                                                                 | 1060                                                                                                 | 0                                                                                                    | 1357                                                                                                 | 1413                                                                                                 | 0                                                                                                    | 968                                                                                                  | 1146                                                                                                 | 0                                                                                                    | 9490                                                                                                 |
| RAJASTHAN                                                                                            | 533                                                                                                  | 1159                                                                                                 | 0                                                                                                    | 799                                                                                                  | 1635                                                                                                 | 1                                                                                                    | 868                                                                                                  | 1978                                                                                                 | 1                                                                                                    | 1348                                                                                                 | 2821                                                                                                 | 0                                                                                                    | 1279                                                                                                 | 2796                                                                                                 | 2                                                                                                    | 15220                                                                                                |
| SIKKIM                                                                                               | 7                                                                                                    | 14                                                                                                   | 0                                                                                                    | 20                                                                                                   | 12                                                                                                   | 0                                                                                                    | 60                                                                                                   | 79                                                                                                   | 0                                                                                                    | 47                                                                                                   | 24                                                                                                   | 0                                                                                                    | 47                                                                                                   | 29                                                                                                   | 0                                                                                                    | 339                                                                                                  |
| TAMIL NADU                                                                                           | 5258                                                                                                 | 6929                                                                                                 | 0                                                                                                    | 4822                                                                                                 | 6233                                                                                                 | 0                                                                                                    | 8668                                                                                                 | 12011                                                                                                | 0                                                                                                    | 9959                                                                                                 | 12621                                                                                                | 0                                                                                                    | 12730                                                                                                | 15561                                                                                                | 5                                                                                                    | 94797                                                                                                |
| TELANGANA                                                                                            | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 0                                                                                                    | 1                                                                                                    | 0                                                                                                    | 25                                                                                                   | 41                                                                                                   | 0                                                                                                    | 67                                                                                                   |
| TRIPURA                                                                                              | 71                                                                                                   | 96                                                                                                   | 0                                                                                                    | 107                                                                                                  | 121                                                                                                  | 0                                                                                                    | 130                                                                                                  | 130                                                                                                  | 0                                                                                                    | 169                                                                                                  | 236                                                                                                  | 0                                                                                                    | 233                                                                                                  | 221                                                                                                  | 0                                                                                                    | 1514                                                                                                 |
| UTTAR PRADESH                                                                                        | 1226                                                                                                 | 2296                                                                                                 | 0                                                                                                    | 2268                                                                                                 | 4467                                                                                                 | 1                                                                                                    | 2968                                                                                                 | 5886                                                                                                 | 0                                                                                                    | 4341                                                                                                 | 8928                                                                                                 | 1                                                                                                    | 4653                                                                                                 | 9114                                                                                                 | 1                                                                                                    | 46150                                                                                                |
| UTTARAKHAND                                                                                          | 305                                                                                                  | 430                                                                                                  | 0                                                                                                    | 603                                                                                                  | 790                                                                                                  | 0                                                                                                    | 1146                                                                                                 | 1604                                                                                                 | 0                                                                                                    | 1064                                                                                                 | 1694                                                                                                 | 0                                                                                                    | 1106                                                                                                 | 1674                                                                                                 | 0                                                                                                    | 10416                                                                                                |
| WEST BENGAL                                                                                          | 1475                                                                                                 | 1719                                                                                                 | 0                                                                                                    | 2281                                                                                                 | 2431                                                                                                 | 0                                                                                                    | 1836                                                                                                 | 2043                                                                                                 | 1                                                                                                    | 1392                                                                                                 | 1776                                                                                                 | 1                                                                                                    | 1484                                                                                                 | 1882                                                                                                 | 0                                                                                                    | 18321                                                                                                |
| Grand Total                                                                                          | 31525                                                                                                | 40524                                                                                                | 1                                                                                                    | 42431                                                                                                | 53617                                                                                                | 8                                                                                                    | 62096                                                                                                | 79835                                                                                                | 7                                                                                                    | 78461                                                                                                | 98555                                                                                                | 5                                                                                                    | 85550                                                                                                | 105598                                                                                               | 22                                                                                                   | 678235                                                                                               |