Don’t reject educational loan applications citing trivial reasons, unsatisfactory credit score: Collector tells bankers

District Collector Anand Mohan has warned the bankers of the district against denying educational loans to the students citing trivial reasons or unsatisfactory credit scores of their parents or the relatives.

Addressing the joint meeting of the bankers and the college representatives held at the Collectorate on Friday, he said poverty and non-availability of funds should not be a hurdle for the students, especially for students from disadvantaged background, to pursue their higher studies.

Hence, the banks should not reject educational loan applications of the students citing poor or unsatisfactory credit score as a reason. As this valid point had been underlined in the State-level bankers’ meeting held recently, the banks in the district should also follow this instruction and give loans to deserving students.