Sunday, February 28, 2010

Education Loan Task Force (ELTF) launched at Chennai

India Vision online group and Action 2020 Team have been getting frequent requests from many  meritorious poor students appealing for funds, as they could not get any bank loans for higher education.  All along, partner groups of Action 2020 team have been supporting few of them, collecting funds from the members.  On further examination, Action 2020 team found that all these students hailed from very poor families and the banks did not respect them properly for their demands.
Corporate ezine PR-e-Sense Jan 2010 issue carried the model scheme from IBA for education loans, along with the interview from RBI Deputy Governor.  The core team of Action 2020 team decided to form an "Education Loan Task Force (ELTF)" to take up such cases where highly deserving poor students were harassed.  In the Feb 2010 alone, the Task Force took up 5 genuine cases with the different banks and all the problems were resolved within two days.
This encouraged Core Team to make the ELTF formal and wanted to train volunteers of Action 2020 Team to spread the awareness across the State. The first ELTF meeting was held at Thakkar Bapa Vidayalaya, Chennai (Mahatma Gandhi stayed in this campus and he inaugurated this Vidyalaya in 1945).  
Around 40 volunteers from the partner groups participated in this meeting.  Senior level officials from State Bank of India, Indian Bank, Canara Bank and Inian Overseas Bank participated in this ELTF Meeting.  Many eminent personalities of the City like Mr Desikan (Founder, Consumers Association of India), Mr Maalan (Well known journalist and Editor), Mr Rajasekar (Mg. Trustee, National Agro Foundation), Dr Santhosh Babu IAS (Mg. Director, ELCOT and Director, E-Governance of TN Govt.) and many senior journalists participated.  Com. T K Rangarajan MP sent his representative to observe the proceedings and to brief him back.
The interaction between the volunteers and the Banks were really fruitful in a cordial atmosphere and enable to understand each others problems.
Some of the problems faced by the students from banks:
  • Students are asked to go to pillar to post by the Branch officials and they are not given proper response;
  • Demanding of collateral security / guarantee even for smaller amount;
  • Insisting on payment of interest every month, before completing the studies;
  • Branch officials not aware of education loan procedures and giving scant respect to the students with poor background, etc.
Some of the problems faced by the bankers:
  • Students from unaunthorised colleges and unauthorised courses demand education loan;
  • Students demand loans for courses, which can not provide employment (Eg. teachers training courses);
  • Since banks are lending funds, some of the colleges inflate their estimates to get more money, which will ultimately make the students as heavy borrowers.  Even many colleges send the estimates as Rs.3,99,500/- to avoid offering collateral security.  Banks are unable to confirm the genuiness of the proposals.;
  • Some of the students, who availed edu loan from banks shift their places without informing the bank and do not even repay the loans.  this causes lot of difficulties for the banks and the officials;
  • The colleges do not give estimates on admission.  Without estimates, banks cannot process the loans.  
There were suggestions from the bankers whether the University certificates of the students could be marked with 'Red strip' to indicate the Edu loan.  This would caution the employers to remit the dues to the banks concerned.
Dr Santhosh Babu IAS, Director E Governance, Tamilnadu Government offered to provide a software interfacing between the banks, colleges and the district collectors.  If this is implemented, this will be the first of its kind in India and would remain as model for other states.  Shiva and Ravi, coordinators of Action 2020 Team and ELTF will coordinate this software project.
The Action 2020 finalised the template for supporting the students.  It was also resolved to help minimum of 100 highly deserving, but poor students to avail education loans from banks.  All such students will be allotted with a mentor who would guide him through the studies and also create awareness about the bank rules, prompt repayment etc.
If any information is needed on ELTF, send a mail to 

Friday, February 5, 2010

Mahatma Gandhi's grandson speaks about Mr C Subramanian

Bharat Ratna Shri C Subramanian's Centenary Celebration was held by Bharatiya Vidya Bhavan at Chennai.  Mr Gopalakrishna Gandhi, grand son of Mahatma Gandhi and Rajaji spoke about Mr CS.  Please read the report published by The Hindu (5th Feb 2010).

(From left ) Rajsekar, managing trustee, National Agro Foundation; Gopalkrishna Gandhi, former Governor of West Bengal; K.N. Ramaswamy, director, Bharatiya Vidya Bhavan and T.S. Krishna Murthy, chairman, Bhavan’s Chennai Kendra, at a lecture in Chennai on Thursday.

Photo and report courtesy:
Concern over erosion of trust in individuals and institutions
Special Correspondent
It is important to rebuild this, says Gopalkrishna Gandhi
CHENNAI: There has been an erosion of trust in individuals and institutions over time and it is important to rebuild this, according to Gopalkrishna Gandhi, former Governor of West Bengal.

Speaking at the birth centenary celebrations of C. Subramaniam organised by the Bharatiya Vidya Bhavan on Thursday, Mr. Gandhi said legislative enactments, including the Right to Information Act, protection against domestic violence and the National Rural Employment Guarantee Act were “millennial legislations” that guaranteed essential rights to citizens. But, without public trust, these would be inadequate.

CS (as he was fondly called) and his generation of politicians had showed the way in public decency and service. He recounted how P. Ramamurthi, the veteran communist leader, CS and Rajaji were always civil and friendly with each other in spite of their political disagreements. “Politics was a cultured affair then.”
While comforts and luxuries had increased, and there was more joy in many individuals, the collective face of society now bore no trace of happiness and there was very little peace.

Globalisation’s benefits were being talked about but there was also the prospect of global terror, global economic meltdown and global warming, which had to be dealt with, Mr. Gandhi said. But, there was much to look forward to with hope and optimism for India and the world.

T.S. Krishna Murthy, chairman, Bhavan’s Chennai Kendra, recalled CS’s close ties with the Bhavan. He talked of CS’s unflagging attention to detail and his concern for accuracy.

S.S. Rajsekar, CS’s son and managing trustee, National Agro Foundation, recounted incidents from CS’s life. He said that once Jawaharlal Nehru had thrown a file at him over a minor disagreement.
When CS responded saying it wouldn’t take too long to throw it back, Nehru apologised and noted that he did not realise CS had as short a temper as he did.

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