A total of 320 Corporation school students who had completed Standard XII were given provisional sanction letters for education loan on Thursday to enable them pursue higher education.
The Corporation schools’ toppers in the board exanimations were also honoured at a function.
Addressing the function, Collector M. Karunagaran said that the quantum of education loans being given in the district had more than doubled from 2010-11 to 2012-13.
Dispelling the notion that education loans were only for students applying for certain colleges, he said that even those taking management quota or going to self-financing colleges could apply.
Mayor S.M. Velusamy said that the Corporation was planning to recognise teachers who produce excellent academic results. The infrastructure of Corporation schools were being upgraded and brought on a par with the best of private schools. School students were being given many incentives ranging from slippers and bicycles to laptops to create the next generation of leaders for the country, he added.
Corporation Commissioner G. Latha said that the initiative was intended to make hassle-free the process of obtaining education loans. Students, however, also had the responsibility of repaying the loans so that the future generation of students would also get such help.
U. Ramesh Kumar, Canara Bank, General Manager, Coimbatore Circle, said that this exercise was an example of the bank’s commitment to students’ education. Canara Bank is the lead bank for Coimbatore district and was providing the loans to all these students.
J. Vanangamudi, district lead bank manager, said that the provisional sanction letters would enable the students get education loans once they obtain admissions.
A month before the Plus Two board examinations, a meeting of Corporation school headmasters was held in which they were asked to bring their top 10 students for education loans, he added.