Proposal of govt guarantee for education loan

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Kolkata: As education loan is not properly repaid, government should act as a guarantor. Considering the situation a guarantee fund is proposed to be created. Arundhati Bhattacharya, chairman, State Bank of India(SBI), said this in a bank programme. She hoped that guarantee fund would be created soon. But at the same time she assured, there is no problem of providing education loan at present. SBI chairman claimed, bank is working well to control NPA (Non performing asset). For loan settlement a week long camp is to be organized nationwide by the bank in the end of this month.

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