Tirupur: The Tirupur-based Sakthi Group of Institutions has signed a Memorandum of Understanding (MoU) with Central Bank of India for speedy disbursal of education loan to the students studying in the five institutions run by the group.
The MoU was signed by Sakthi Group of Institutions Chairman S. Appusamy and Central Bank of India General Manager R. Kannan at Chennai recently.
The chairman and managing director of Central Bank of India S. Sridhar was present.
Mr. Appusamy told reporters here that the students who join Dr. Nalini Institute of Engineering and Technology, Dharapuram; Shakthi Institute of Fashion Technology Polytechnic College, Tirupur; Dr. Nalini College of Teacher Education, Dharapuram; Dr. Nalini Institute of Teacher Training, Dharapuram; and Sakthi Community College, Tirupur, would be offered educational loan by the college at the time of admission itself.
“This will help the students not to roam around in need of loans,” he said.
The loans up to Rs.4 lakh would be offered without any margin or security at attractive interest rates.