1Assistant Professor and Research Supervisor, Department of Commerce, Periyar EVR College (Autonomus), Tiruchirappalli, Tamil Nadu, India, Email id: dr.thanikaivel@gmail.com
2Assistant professor in Commerce, Vivekanandha College for Women, Tiruchengode, Tamil Nadu, India, Email id: amulskv2011@gmail.com
Online published on 10 April, 2019.
India has unity in diversity. This is not only for culture, soil, language and religion but also in economical status. India is with huge population and different economical clauses. These are simply managed only with the help of education. It has international standard institutions and produces lot of talented young generation. One and only big problem for the talented students in India is financial issue due to poor family background and high cost of education. The only solution for this is to help them with the educational loan. This financial assistance makes many people‘s life worthy and economy a developed one. This article give s an overview about situation prevails in the Educational loan segment, need of the educational loan, challenges in educational loan in India.
Educational loan, economical status, economical clauses, international standard institutions, talented young generation and financial assistance
