Education is fundamental to the development of human abilities and talent. There is a tremendous demand of a professional tag in today’s competitive world. Unfortunately, there is a simultaneous rise in tuition fee as well. However, now with education becoming the national priority, banking institutions are coming up with scheme for education loans to make professional course study in India and abroad hassle free for students.
Central Bank of India, established in 1911, is one of the largest banks in our country in terms of customers and branch networks with pan India presence of 4,741 branches all of which are engaged in core banking activities. The bank has already completed 105 glorious years of its existence and caters to a diverse clientele by offering banking and financial services including, MSME services, agri banking, deposits, NRI banking, and various loans. Student loan scheme offered by the bank entitles meritorious students to pursue higher education from recognized educational institutions in India or abroad. These are four different types of Central Bank of India education loans:
- Cent Vidyarthi
- Cent Vidyarthi-Vocational Education and Training
- Central Bank’s Special Education Loan for IIMs
- Vidyarthi Scheme for IDA members & their children