The Indian Nurses Parents Association (INPA) will organise a march to the District Collectorate on Monday demanding total waiver of educational loans. At a press conference on Saturday, State committee members Joy Vechoor and M.V. Cherian said Finance Minister K.M. Mani had announced in the Budget that the government would shoulder the interest burden of educational loans. However, the government went back on its assurances and later introduced a scheme through which the interest amount was waived during the course of education. They claimed that interest rates ranging from 14.5 per cent to 19.5 per cent were set for educational loans by many banks. “ Some banks have been levying penalties despite a directive of the Reserve Bank of India,” they said.

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