Credit cover for collateral-free education loans may be raised at inter-ministerial consultations

The government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceeding ₹7.5 lakh without requiring collateral. Discussions are underway between the Finance and Education ministries. The enhancement is expected to boost credit flow to the education sector.

Raccontata daeconomictimes.indiatimes.com