Poor marks no excuse for denying education loans: Madras HC
By Neelima Shankar
Oct 22, 2012
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Banks can not reject education loan applications on the basis of the student's poor academic performance, the Madras High Court has ruled.

While passing the judgment, Justice D Hariparanthaman said, "The bank cannot deny educational loan on the ground that the academic record of the petitioner at the school level was very poor," adding, "There's no such provision in the circular of the bank that the loan can be sanctioned only if the academic performance of the student was very good at the school level."

Justice Hariparanthaman went on to add, "I have noted in my earlier order dated September 15, 2010, that Dr B R Ambedkar obtained only 287 marks out of 750 in the matriculation examinations and his educational need was taken care of by King of Baroda on the ground that he belongs to scheduled caste."

The case relates to a writ petition filed by a scheduled caste girl, Anitha, who is a nursing student. She had passed her 12th standard examination in the year 2005, but due to some family problems, she could not study further. Later, she enrolled at Noorie College of Nursing in Kolar district, Karnataka to pursue BSc in nursing. To fund her college education fees, she applied for an education loan of Rs. 3.15 lakh to Punjab National Bank, which turned down loan application stating that her academic performance at school was poor.

The court ruled in Anitha's favor and directed PNB to sanction her education loan in four week's time.

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