Process educational loans without delay: Collector

Collector K. Rajamani has directed cooperative and nationalised banks to process applications for educational loans without any delay.

Mr. Rajamani, in a statement issued here on Monday, said complaints of inordinate delay in sanction of loans were being received from students at the grievances redressal meetings. Students have been stating they were facing much hardship due to the delay. Bankers should take immediate action on the applications and sanction educational loans quickly, he said.

Similarly, applications for crop or for starting new business ventures should also be processed quickly and the action taken should be conveyed to the applicants, he said.

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