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SBI, despite being the largest lender, maintained relatively stable GNPAs at Rs 372 crore (2023), Rs 382 crore (2024), and Rs 336 crore (2025)

Maharashtra, Kerala, Andhra Pradesh among top states in education loan uptake; SBI top lender

August 14, 2025 11:00 am

Among PSBs, the State Bank of India (SBI) was the largest lender, disbursing Rs 32,311.02 crore in student loans over the three-year period. It was followed by Union Bank of India (Rs 14,558.77 crore), Bank of Baroda (Rs 8,468.53 crore), Canara Bank (Rs 7,094.19 crore) and Punjab National Bank (Rs 5,004.71 crore).

While the education sector still hopes for 6 per cent of Gross Domestic Product (GDP) allocation to the public education system, the minister last year allocated Rs 1.12 lakh crore to the education sector

Union Budget 2025 Highlights: Education ministry gets Rs 1.28 lakh crore, check other highlights

February 02, 2025 9:57 am

Budget Education Sector 2025 Highlights: Centre will create additional infrastructure in five IITs and expand IIT Patna and launch 'Bharatiya Bhasha Pushtak' scheme to provide digital form of Indian language books for schools and higher education.

‘Education loan AUM of NBFCs to top `60,000 crore this fiscal’

Education loan AUM of NBFCs to top Rs 60,000 crore this fiscal

September 04, 2024 12:38 am

Education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for NBFCs because of rising demand for higher education, Crisil said.

public sector banks, PSBs, education loans, education loans Tamil Nadu, Indian express news, current affairs

MoS: PSBs got highest education loan requests from TN in 2023-24

August 01, 2024 5:31 am

Majumdar’s reply states that the education loan amount disbursed by public sector banks in 2023-24 was Rs 28,699 crore, while private banks disbursed Rs 7,749 crore.

5 things to know before availing an education loan

August 29, 2023 11:54 am

Education loans also offer attractive tax benefits — borrowers can avail of tax deductions on the interest component of their loan under Section 80E of the Income Tax Act.

tips for children's education investments

Education inflation is twice the inflation rate – Tips to invest for children’s education

August 18, 2023 9:22 am

A recent report by BankBazaar notes that over the last decade, while consumer price inflation (CPI) has been around 6%, the rate of inflation in education has been significantly higher, at around 11-12 per cent.

Education loan by NBFCs to grow 40% to around Rs 35,000 crore this fiscal: CRISIL

April 20, 2023 1:55 pm

The education loans by NBFCs would grow moderately but still healthy as compared with the previous fiscal, the agency said.

Rs 17,668 crore disbursed in education loan in 2022-23: Dharmendra Pradhan

April 08, 2023 9:20 am

Dharmendra Pradhan also said that as per the official data, in these three years, education loans were disbursed to about 4.07 lakh, 4.56 lakh and 4.97 lakh accounts respectively.

Speed up disbursal of loans sanctioned by HEFA: panel to Education ministry

March 30, 2023 5:19 am

In its report, presented in Parliament on Tuesday, the Rajya Sabha department-related Parliamentary Standing Committee on Education, Women, Children, Youth and Sports, has also recommended that the Centre expedite the revision of the scheme to widen its scope.