SBI extends Scholar plus scheme to NIT Rourkela: easy availability of student loans
July 18th, 2007
From an NIT Rourkela faculty:
Our institute has become the first among all NITs to earn the trust of SBI to sanction study loan to our students by the NIT campus branch itself ( in stead of the branches located in their native places) without asking for any sort of security. This facility was earlier available only to reputed institutes like IIT and IIM under Scholar Plus Scheme.
The story behind how this was achieved:
This has become possible due to strong follow up and bargain made by our director insisting on exclusive new ATM counter in the campus, Internet banking facility to all students (now students need not stand in the queue to pay fees in cash/cheque either in institute or halls) and this study loan, otherwise we would have given permission to other banks to open their branches in the campus to break the monopoly of SBI since inception.
Tathya.in also reports on this.
(Thanks to Sandip babu for this information.)
Entry Filed under: Educational Loans,NIT, Rourkela,Rourkela-Rajgangpur area (2)