On the 14th this month, Canara Bank at an Educational Loan Utsav held at Pudukkottai sanctioned loan worth of Rs 296 crore to around ten thousand students. Among these students around 6047 are pursuing engineering. There are around 684 medical students, while 455 are management students. The rest 2815 are students from other courses. The Union Minister of Finance P Chidambaram inaugurated the Loan Utsav.
The students getting the loan were from Pudukkottai, Cuddalore, Tanjore, Trichy, Dindigul, Namakkal, Karaikal, Perambalur, Thiruvarur, Ariyalur, Nagapattinam and Karur districts. Students from the SC and ST categories were 1299 in number, whereas from the minority communities there were 1440 students. 176 branches of Trichy circle will be responsible for disbursing the loan. Prior to the inauguration of the Loan Utsav the honourable Finance Minister had inaugurated Canara Bank’s 4072nd branch at Thirumayam. 108 loan sanctions were handed over to the economically weaker members of the society.