No case of student suicide due to pressure for repayment of education loan: Govt

The Government today informed the Lok Sabha that no case of student suicide due to unbearable pressure from banks for repayment of education loan has come to its notice.

In a written reply, Finance Minister Nirmala Sitharaman said public sector banks have been sensitised to adopt a non-coercive strategy for loan recovery. She further informed that no proposal is being considered for the waiver of education loans.

She said in the last three years – from 2016-17 to March this year – the outstanding education loans have increased to 75,451 crore rupees from about 67,686 crore.