Prime Minister Narendra Modi has helped 21-year-old Bibi Sara attain her MBA. The student who lives 100 km from Bengaluru needed Rs 1.5 lakh to complete her course. She had applied for a student loan to the Central Bank of India, but they had rejected her plea.
She then wrote to the Prime Minister, seeking his help and he surprisingly wrote back. The girl has been given the loan under the ‘Beti Bachao, Beti Padhao’ scheme, and Sara was surprised that the PMO responded to her in only 10 days.
“The government schemes don’t just remain on paper. PM Modi ensures that those are implemented,” she said.
The PMO has asked the Karnataka Chief Secretary to look into why the bank denied Sara’s loan even after officials had promised to approve it and after she had submitted all the relevant documents.
Student loans are increasing in India, with Tamil Nadu and Kerala being the states which see the maximum amount of loans. But burgeoning student loans are a double-edged sword, as more and more students are defaulting on their loans.
The Beti Bachao Beti Padhao movement was launched in 2015 with much fanfare. However, a Parliamentary panel has found that almost 90 per cent of the funds allocated towards the program have not been utilised. Rs 43 crore was set aside for the program and only Rs 5 crore has been utilised so far.