MoU signed to offer education loans sans any guarantee

National Institute of Tourism & Hospitality Management (NITHM) entered into a Memorandum of Understanding (MoU) with the Indian Overseas Bank, Gachibowli Branch to facilitate education loans to the students without any guarantee or collateral security.

Bank Chief Regional Manager Shivkumar Chaturvedi and Director NITHM S. Chinnam Reddy and other officials were present during the signing on Thursday. Two new education loan schemes — Vidhya Surakhas and Vidhya Jyothi introduced by Government of India are to help students studying in India and abroad.

This is under Credit Guarantee Fund Scheme for Educational Loan (CGFSEL) fund managed and operated by National Credit Guarantee Trustee Company (NCGTC), a press release said.

 

 

[“source-thehindu”]