Most of these trainees are likely to be from the Minority community. As they are undergoing an important course/training may be they are eligible for Educational Loans from the Nationalised Banks. As they belong to the Minority community there is a possiblity that they are entitled to a concessional Rate of Interest.
Ah! The Loan can be categorised as Priority Sector Lending. As the trainee are likely to get employment world wide (including India) these loans are not likely to turn into NPA.
Managers, catch these recruiters. You have a potential of getting some good Educational Loan accounts.
RE:National Service
by crazyforsense on Jun 28, 2007 08:06 PM Permalink
@unni krishnan nair ...
Spare the sarcasm buddy.
So far as the lending goes...'minority' is defined differently and for once rightly. Sikhs aren't considered minority in Punjab, Muslims aren't considered minority in J&K, Christians aren't considered minority in some NE states.....Hindus are considered minority in some NE states......for the purpose of the loans you are talking about.
Bottomline, when quoting national policies, paint the right picture. These were the regulations the last I heard from between RBI/Govt. of India......i dunno if they have changed since then.
PS: I am not in favor of lending based on religion....but as i said state the facts correctly.
