The interest arrears of education loans taken by students belonging to the below the poverty line (BPL) category during 2004-2009 and who are in dire straits now without getting jobs will be taken over by the State government.
Those eligible for the takeover can submit applications at the district collectorate. Those from BPL families who had taken loans for professional courses as per the criteria set by the Indian Bank Association can apply. The application form will be available from the bank from which the loan had been taken. It has to be submitted on or before December 31.